Somewhat Positive News Coverage Somewhat Unlikely to Impact SS&C Technologies Holdings (SSNC) Share Price
Press coverage about SS&C Technologies Holdings (NASDAQ:SSNC) has been trending somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SS&C Technologies Holdings earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 45.6219730148695 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Analytical Review of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) – The Oracle Examiner (oracleexaminer.com)
- SS&C GlobeOp Hedge Fund Performance Index: September performance 0.67%; Capital Movement Index: October net flows decline 0.95% (finance.yahoo.com)
- Keep Watch on Overbought Stock: SS&C Technologies Holdings, Inc. (SSNC) RSI reading is at 80.79 – Voice Of Analysts (analystsbuzz.com)
- F5 Networks, Inc. (FFIV) is at $116.40 per share and SS&C Technologies Holdings, Inc. (SSNC) is listed at $40.66 – Stocks Gallery (stocksgallery.com)
- RSI 78.26 Signals SS&C Technologies Holdings, Inc. (SSNC) stock could lead to a downward move – Voice Of Analysts (analystsbuzz.com)
SS&C Technologies Holdings (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, July 27th. The technology company reported $0.46 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.46. SS&C Technologies Holdings had a net margin of 12.17% and a return on equity of 14.90%. The company had revenue of $414.10 million during the quarter, compared to analysts’ expectations of $413.33 million. During the same period in the prior year, the company earned $0.39 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.68%. This is a boost from SS&C Technologies Holdings’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, August 30th. SS&C Technologies Holdings’s dividend payout ratio is 29.79%.
Several research analysts have commented on the company. Jefferies Group LLC reissued a “buy” rating on shares of SS&C Technologies Holdings in a research report on Tuesday, October 3rd. Royal Bank Of Canada reissued a “buy” rating and issued a $41.00 price objective on shares of SS&C Technologies Holdings in a research report on Wednesday, August 9th. BidaskClub lowered SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research lowered SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $44.00 price objective (up from $42.00) on shares of SS&C Technologies Holdings in a research report on Sunday, July 30th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $41.75.
In related news, Director Michael Jay Zamkow acquired 14,275 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was acquired at an average price of $36.62 per share, with a total value of $522,750.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Patrick J. Pedonti sold 30,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $37.83, for a total transaction of $1,134,900.00. Following the transaction, the chief financial officer now directly owns 30,000 shares of the company’s stock, valued at approximately $1,134,900. The disclosure for this sale can be found here. Insiders have sold 90,000 shares of company stock valued at $3,503,100 over the last 90 days. Corporate insiders own 17.60% of the company’s stock.
SS&C Technologies Holdings Company Profile
SS&C Technologies Holdings, Inc is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.
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