SS&C Technologies (NASDAQ:SSNC) released its quarterly earnings data on Monday. The technology company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.06, reports. SS&C Technologies had a net margin of 3.20% and a return on equity of 17.19%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the company earned $0.62 EPS. The firm’s quarterly revenue was up 27.2% on a year-over-year basis. SS&C Technologies updated its Q3 2019 guidance to $0.85-0.91 EPS and its FY 2019 guidance to $3.57-3.71 EPS.

SSNC stock opened at $48.26 on Tuesday. The business’s 50-day moving average price is $58.23. The company has a market cap of $15.30 billion, a PE ratio of 18.42, a PEG ratio of 1.77 and a beta of 1.27. 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 1 year low of $40.96 and a 1 year high of $67.73.

In related news, Director Michael Jay Zamkow acquired 17,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was bought at an average price of $59.76 per share, for a total transaction of $1,015,920.00. Following the acquisition, the director now directly owns 38,000 shares of the company’s stock, valued at $2,270,880. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joseph J. Frank sold 10,141 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $59.89, for a total value of $607,344.49. Following the completion of the transaction, the senior vice president now owns 9,910 shares of the company’s stock, valued at approximately $593,509.90. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 17,097 shares of company stock valued at $1,021,646. Corporate insiders own 14.50% of the company’s stock.

A number of research firms recently commented on SSNC. JPMorgan Chase & Co. restated a “buy” rating on shares of SS&C Technologies in a research report on Monday, July 1st. Buckingham Research lowered their target price on SS&C Technologies from $72.00 to $67.00 and set a “buy” rating for the company in a report on Tuesday. Raymond James lowered their target price on SS&C Technologies from $78.00 to $60.00 and set a “strong-buy” rating for the company in a report on Tuesday. DA Davidson cut AppFolio from a “neutral” rating to an “underperform” rating in a report on Tuesday. Finally, Jefferies Financial Group increased their target price on EXACT Sciences from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. SS&C Technologies presently has a consensus rating of “Buy” and an average price target of $69.50.

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.

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

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