SS&C Technologies Holdings, Inc. (SSNC) to Issue Quarterly Dividend of $0.25 on December 16th

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) declared a quarterly dividend on Tuesday, November 19th,Wall Street Journal reports. Shareholders of record on Monday, December 2nd will be paid a dividend of 0.25 per share by the technology company on Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Monday, December 2nd.

SS&C Technologies has raised its dividend by an average of 18.4% per year over the last three years. SS&C Technologies has a dividend payout ratio of 17.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect SS&C Technologies to earn $5.27 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 19.0%.

SS&C Technologies Stock Down 0.0 %

Shares of SSNC opened at $77.34 on Friday. SS&C Technologies has a 12 month low of $55.63 and a 12 month high of $77.69. The company has a 50-day moving average price of $74.26 and a two-hundred day moving average price of $69.82. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The stock has a market cap of $19.16 billion, a price-to-earnings ratio of 27.72 and a beta of 1.39.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. SS&C Technologies’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities analysts predict that SS&C Technologies will post 4.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SSNC has been the subject of a number of research analyst reports. StockNews.com cut shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a research note on Friday, October 25th. Royal Bank of Canada lifted their target price on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Raymond James raised their price target on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Finally, DA Davidson reissued a “buy” rating and issued a $92.00 price target on shares of SS&C Technologies in a report on Thursday, October 10th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, SS&C Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.75.

Insiders Place Their Bets

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 transaction of $5,317,830.00. Following the completion of the sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Jay Zamkow sold 19,000 shares of SS&C Technologies stock in a transaction on Friday, September 20th. The stock was sold at an average price of $75.97, for a total transaction of $1,443,430.00. Following the sale, the director now directly owns 22,576 shares of the company’s stock, valued at $1,715,098.72. This represents a 45.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 218,000 shares of company stock valued at $16,560,660. Company insiders own 15.40% of the company’s stock.

About SS&C Technologies

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.