SS&C Technologies Holdings, Inc. (SSNC) To Go Ex-Dividend on March 3rd

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) declared a quarterly dividend on Thursday, February 13th, Wall Street Journal reports. Shareholders of record on Monday, March 3rd will be given a dividend of 0.25 per share by the technology company on Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Monday, March 3rd.

SS&C Technologies has raised its dividend payment by an average of 13.0% annually over the last three years. SS&C Technologies has a dividend payout ratio of 15.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect SS&C Technologies to earn $6.08 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 16.4%.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $89.05 on Friday. The business’s 50-day moving average price is $81.11 and its 200-day moving average price is $76.71. SS&C Technologies has a 12 month low of $59.63 and a 12 month high of $89.50. The firm has a market capitalization of $22.06 billion, a price-to-earnings ratio of 29.68 and a beta of 1.38. 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 (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. Equities research analysts forecast that SS&C Technologies will post 5.35 EPS for the current year.

Insider Activity

In related news, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the sale, the director now owns 23,200 shares of the company’s stock, valued at approximately $2,050,648. This represents a 49.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William C. Stone sold 247,300 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $76.61, for a total value of $18,945,653.00. Following the sale, the chief executive officer now directly owns 31,837,926 shares in the company, valued at $2,439,103,510.86. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 474,000 shares of company stock valued at $37,492,778 in the last 90 days. Insiders own 15.40% of the company’s stock.

Analyst Ratings Changes

SSNC has been the topic of a number of recent analyst reports. Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. UBS Group lifted their price objective on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Needham & Company LLC lifted their price objective on SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Royal Bank of Canada lifted their price objective on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, Raymond James lifted their price objective on SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 7th. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, SS&C Technologies presently has an average rating of “Buy” and a consensus price target of $97.50.

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.