SS&C Technologies (NASDAQ:SSNC) issued an update on its third quarter 2019 earnings guidance on Monday morning. The company provided EPS guidance of $0.85-0.91 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.96. The company issued revenue guidance of $1.123-1.153 billion, compared to the consensus revenue estimate of $1.18 billion.SS&C Technologies also updated its FY 2019 guidance to $3.57-3.71 EPS.

Shares of NASDAQ SSNC traded down $0.80 during mid-day trading on Monday, hitting $59.69. 2,163,130 shares of the stock traded hands, compared to its average volume of 1,514,884. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.12 and a current ratio of 1.12. SS&C Technologies has a 52 week low of $40.96 and a 52 week high of $67.73. The company has a market capitalization of $15.30 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The stock has a fifty day moving average of $58.23.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Tuesday, April 30th. The technology company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.04. SS&C Technologies had a return on equity of 17.19% and a net margin of 3.20%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company posted $0.53 earnings per share. The firm’s revenue was up 164.7% on a year-over-year basis. Analysts forecast that SS&C Technologies will post 3.61 EPS for the current fiscal year.

A number of research analysts have recently issued reports on the company. Jefferies Financial Group upped their price target on EXACT Sciences from $100.00 to $115.00 and gave the company a buy rating in a report on Wednesday, May 1st. DA Davidson lowered their price target on Comerica from $87.00 to $85.00 and set a neutral rating on the stock in a report on Wednesday, April 17th. Needham & Company LLC reiterated a buy rating and set a $10.00 price objective (down previously from $15.00) on shares of Nabriva Therapeutics in a research report on Wednesday, May 1st. JPMorgan Chase & Co. reiterated a buy rating on shares of SS&C Technologies in a research report on Monday, July 1st. Finally, Credit Suisse Group reiterated an outperform rating and set a GBX 2,012 ($26.29) price objective on shares of Aston Martin Lagonda Global in a research report on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company. The company has an average rating of Buy and an average price target of $70.57.

In other news, Director Michael Jay Zamkow purchased 17,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average cost of $59.76 per share, with a total value of $1,015,920.00. Following the completion of the purchase, the director now owns 38,000 shares in the company, valued at $2,270,880. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Joseph J. Frank sold 10,141 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $59.89, for a total value of $607,344.49. Following the transaction, the senior vice president now directly owns 9,910 shares of the company’s stock, valued at $593,509.90. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 17,097 shares of company stock valued at $1,021,646. 14.50% of the stock is owned by corporate insiders.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.

Further Reading: Bear Market

Earnings History and Estimates for SS&C Technologies (NASDAQ:SSNC)

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