SS&C Technologies (NASDAQ:SSNC) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

SS&C Technologies (NASDAQ:SSNC) posted its quarterly earnings results on Thursday. The technology company reported $1.41 EPS for the quarter, beating 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 Stock Up 6.0 %

Shares of NASDAQ SSNC opened at $86.71 on Friday. The firm has a market cap of $21.48 billion, a price-to-earnings ratio of 28.90 and a beta of 1.38. The company’s 50-day simple moving average is $77.51 and its 200-day simple moving average is $74.84. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies has a 52-week low of $59.53 and a 52-week high of $87.50.

SS&C Technologies Announces Dividend

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

Insider Buying and Selling

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction dated 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 directly owns 6,412 shares in the company, valued at $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William C. Stone sold 132,700 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the completion of the sale, the chief executive officer now directly owns 31,837,926 shares in the company, valued at $2,446,744,613.10. This trade represents 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 worth $34,461,478 in the last 90 days. Insiders own 15.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SSNC shares. Needham & Company LLC boosted their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday. StockNews.com cut SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and upped their price objective for the company from $70.00 to $94.00 in a report on Monday, February 3rd. Royal Bank of Canada boosted their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, UBS Group lifted their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $88.25.

About SS&C Technologies

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.