SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) announced a quarterly dividend on Wednesday, November 18th, Zacks reports. Stockholders of record on Tuesday, December 1st will be given a dividend of 0.14 per share by the technology company on Tuesday, December 15th. This represents a $0.56 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Monday, November 30th.
SSNC stock opened at $68.59 on Friday. The company has a market capitalization of $17.56 billion, a P/E ratio of 35.91 and a beta of 1.53. SS&C Technologies has a twelve month low of $29.51 and a twelve month high of $68.70. The business has a 50 day simple moving average of $63.57 and a 200-day simple moving average of $59.93. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.29.
SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Wednesday, October 28th. The technology company reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.11. SS&C Technologies had a return on equity of 20.10% and a net margin of 10.85%. Research analysts predict that SS&C Technologies will post 3.88 EPS for the current fiscal year.
In other SS&C Technologies news, SVP Joseph J. Frank sold 1,629 shares of the stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $61.00, for a total value of $99,369.00. Following the completion of the transaction, the senior vice president now owns 2,111 shares in the company, valued at $128,771. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Normand A. Boulanger sold 149,184 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $62.92, for a total value of $9,386,657.28. Following the completion of the transaction, the director now owns 280,816 shares of the company’s stock, valued at approximately $17,668,942.72. The disclosure for this sale can be found here. Corporate insiders own 14.60% of the company’s stock.
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Several equities research analysts have recently weighed in on the company. ValuEngine raised SS&C Technologies from a “sell” rating to a “hold” rating in a report on Thursday, November 5th. Raymond James increased their price target on SS&C Technologies from $67.00 to $71.00 and gave the stock a “strong-buy” rating in a report on Thursday, October 29th. Credit Suisse Group increased their price target on SS&C Technologies from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Rosenblatt Securities reaffirmed a “buy” rating and set a $64.00 price target on shares of SS&C Technologies in a report on Monday, July 27th. Finally, Morgan Stanley increased their price target on SS&C Technologies from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Friday, October 30th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $69.00.
SS&C Technologies Company Profile
SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting, front-to-back-office operations, performance and risk analytics, regulatory reporting, and healthcare information processes.
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7 Stocks That Could Provide a Year-End Rally
It’s rough in the markets right now. Underlying the volatility is uncertainty. The VIX Index (INDEXCBOE: VIX) otherwise known as the Fear Index is unofficial, but an eerily accurate predictor of market sentiment. And the VIX is up 30% in the last month.
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