SS&C Technologies (SSNC) Expected to Announce Quarterly Earnings on Thursday

SS&C Technologies (NASDAQ:SSNC - Get Free Report) is projected to post its quarterly earnings results after the market closes on Thursday, February 6th. Analysts expect SS&C Technologies to post earnings of $1.32 per share and revenue of $1.49 billion for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC traded up $1.49 during midday trading on Thursday, reaching $81.72. The company's stock had a trading volume of 826,672 shares, compared to its average volume of 1,195,416. The business's 50 day moving average price is $76.94 and its two-hundred day moving average price is $74.30. The company has a market cap of $20.24 billion, a P/E ratio of 29.28 and a beta of 1.37. 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 $59.53 and a fifty-two week high of $81.81.

SS&C Technologies Announces Dividend

The company also recently disclosed 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 was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.22%. SS&C Technologies's dividend payout ratio (DPR) is 35.84%.

Wall Street Analysts Forecast Growth

SSNC has been the topic of a number of research analyst reports. StockNews.com downgraded 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 report on Friday, October 25th. DA Davidson reissued a "buy" rating and set a $92.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 10th. Finally, Raymond James upped their target price on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a "strong-buy" rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $77.75.

Insider Activity

In other news, CEO William C. Stone sold 247,300 shares of the firm'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 sale, the chief executive officer now owns 31,837,926 shares of the company's stock, valued at $2,439,103,510.86. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction on 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 transaction, the senior vice president now directly owns 6,412 shares in the company, valued at $494,172.84. The trade was a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 449,000 shares of company stock valued at $34,461,478. 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.