SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) to Issue $0.25 Quarterly Dividend

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Get Free Report) 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 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Monday, March 3rd.

SS&C Technologies has raised its dividend by an average of 13.0% annually over the last three years. SS&C Technologies has a dividend payout ratio of 15.4% meaning 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 Down 0.6 %

Shares of NASDAQ:SSNC traded down $0.53 during trading on Friday, hitting $88.60. The company's stock had a trading volume of 2,166,520 shares, compared to its average volume of 1,427,022. The business has a 50 day moving average price of $79.81 and a two-hundred day moving average price of $76.06. The company has a market capitalization of $21.94 billion, a PE ratio of 29.53 and a beta of 1.38. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. SS&C Technologies has a fifty-two week low of $59.63 and a fifty-two week high of $89.50.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its earnings results on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. As a group, research analysts expect that SS&C Technologies will post 5.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on SSNC. Jefferies Financial Group upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating and boosted their target price for the stock from $70.00 to $94.00 in a research note 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 note on Friday, February 7th. Raymond James boosted their target price on shares of 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. 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 research note on Friday, February 7th. Finally, DA Davidson upped their price objective on shares of SS&C Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, SS&C Technologies presently has a consensus rating of "Buy" and a consensus target price of $97.50.

Insider Buying and Selling at SS&C Technologies

In other news, SVP Jason Douglas White sold 69,000 shares of the company's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the sale, the senior vice president now directly owns 6,412 shares of the company's stock, valued at approximately $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William C. Stone sold 247,300 shares of the company's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the completion of the sale, the chief executive officer now directly owns 31,837,926 shares of the company's stock, valued at $2,439,103,510.86. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 520,000 shares of company stock worth $40,777,638 over the last 90 days. Corporate insiders own 15.40% of the company's stock.

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.