DA Davidson Weighs in on SS&C Technologies Holdings, Inc.’s Q2 2019 Earnings (SSNC)
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) – Research analysts at DA Davidson boosted their Q2 2019 earnings estimates for shares of SS&C Technologies in a report released on Wednesday, April 17th. DA Davidson analyst P. Heckmann now anticipates that the technology company will post earnings of $0.88 per share for the quarter, up from their prior estimate of $0.87. DA Davidson has a “Buy” rating and a $75.00 price objective on the stock. DA Davidson also issued estimates for SS&C Technologies’ Q3 2019 earnings at $0.91 EPS, Q4 2019 earnings at $1.01 EPS, FY2019 earnings at $3.60 EPS, Q1 2020 earnings at $0.90 EPS, Q2 2020 earnings at $0.97 EPS, Q4 2020 earnings at $1.12 EPS and FY2020 earnings at $4.00 EPS.
SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, February 14th. The technology company reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.10. SS&C Technologies had a net margin of 3.01% and a return on equity of 16.27%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the company earned $0.54 earnings per share. The business’s quarterly revenue was up 157.8% compared to the same quarter last year.
NASDAQ:SSNC opened at $63.97 on Thursday. SS&C Technologies has a 12-month low of $40.96 and a 12-month high of $66.30. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $16.30 billion, a P/E ratio of 24.42, a price-to-earnings-growth ratio of 1.51 and a beta of 1.22.
In related news, CFO Patrick J. Pedonti sold 157,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $59.41, for a total transaction of $9,357,075.00. Following the completion of the transaction, the chief financial officer now directly owns 57,500 shares in the company, valued at approximately $3,416,075. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 17.50% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Prudential Financial Inc. increased its position in SS&C Technologies by 1,123.6% in the 4th quarter. Prudential Financial Inc. now owns 191,664 shares of the technology company’s stock valued at $8,646,000 after acquiring an additional 176,000 shares during the period. First Hawaiian Bank increased its position in SS&C Technologies by 18.8% in the 4th quarter. First Hawaiian Bank now owns 17,779 shares of the technology company’s stock valued at $802,000 after acquiring an additional 2,808 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its position in SS&C Technologies by 4.1% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 13,337 shares of the technology company’s stock valued at $601,000 after acquiring an additional 528 shares during the period. First Trust Advisors LP increased its position in SS&C Technologies by 90.7% in the 4th quarter. First Trust Advisors LP now owns 570,685 shares of the technology company’s stock valued at $25,744,000 after acquiring an additional 271,417 shares during the period. Finally, Nordea Investment Management AB increased its position in SS&C Technologies by 3,849.1% in the 3rd quarter. Nordea Investment Management AB now owns 217,517 shares of the technology company’s stock valued at $12,362,000 after acquiring an additional 212,009 shares during the period. Hedge funds and other institutional investors own 83.99% of the company’s stock.
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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