SS&C Technologies (NASDAQ:SSNC) Announces Quarterly Earnings Results

SS&C Technologies (NASDAQ:SSNC) released its quarterly earnings results on Thursday. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.09, Zacks reports. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. SS&C Technologies updated its FY 2025 guidance to 5.640-5.960 EPS and its Q1 2025 guidance to 1.370-1.430 EPS.

SS&C Technologies Trading Up 6.0 %

NASDAQ:SSNC opened at $86.71 on Friday. The company has a 50 day simple moving average of $77.51 and a two-hundred day simple moving average of $74.84. The company has a market cap of $21.48 billion, a PE ratio of 28.90 and a beta of 1.38. SS&C Technologies has a 12 month low of $59.53 and a 12 month high of $87.50. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Monday, December 2nd. SS&C Technologies’s dividend payout ratio is currently 33.33%.

Insider Activity

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the transaction, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at $494,172.84. This trade represents a 91.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO William C. Stone sold 132,700 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total value of $10,197,995.00. Following the sale, the chief executive officer now directly owns 31,837,926 shares in the company, valued at $2,446,744,613.10. The trade was a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 449,000 shares of company stock valued at $34,461,478 in the last 90 days. Company insiders own 15.40% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on SSNC. Royal Bank of Canada increased their price target on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday. StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Raymond James upped their target price on SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research note on Friday. Needham & Company LLC increased their price objective on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Friday. Finally, UBS Group raised their price target on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $88.25.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.