SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Free Report) declared a quarterly dividend on Thursday, February 19th. Investors of record on Monday, March 2nd will be paid a dividend of 0.27 per share by the technology company on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, March 2nd.
SS&C Technologies has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 9 consecutive years. SS&C Technologies has a payout ratio of 16.7% indicating that 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 $1.08 annual dividend with an expected future payout ratio of 17.8%.
SS&C Technologies Stock Up 0.0%
Shares of NASDAQ SSNC opened at $71.38 on Friday. The firm has a market cap of $17.42 billion, a P/E ratio of 22.59 and a beta of 1.17. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.12 and a current ratio of 1.12. SS&C Technologies has a 1 year low of $69.61 and a 1 year high of $91.07. The firm’s 50 day moving average price is $82.89 and its 200 day moving average price is $85.04.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on SSNC. Morgan Stanley raised their price target on SS&C Technologies from $88.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Friday, October 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of SS&C Technologies in a report on Thursday, January 22nd. Royal Bank Of Canada raised their target price on shares of SS&C Technologies from $97.00 to $99.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Jefferies Financial Group upped their price target on shares of SS&C Technologies from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Finally, DA Davidson reaffirmed a “buy” rating and set a $106.00 price target on shares of SS&C Technologies in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $101.00.
View Our Latest Stock Report on SS&C Technologies
SS&C Technologies Company Profile
SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.
SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.
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