SS&C Technologies (NASDAQ:SSNC – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $4.93-5.17 for the period, compared to the consensus earnings per share estimate of $5.08. The company issued revenue guidance of $5.695-5.855 billion, compared to the consensus revenue estimate of $5.76 billion. SS&C Technologies also updated its Q2 guidance to $1.16-1.22 EPS.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the stock. TheStreet upgraded shares of SS&C Technologies from a c+ rating to a b rating in a research note on Friday, February 23rd. Royal Bank of Canada boosted their price objective on SS&C Technologies from $65.00 to $72.00 and gave the stock an outperform rating in a report on Wednesday, February 14th. UBS Group upped their price target on SS&C Technologies from $72.00 to $77.00 and gave the stock a buy rating in a research report on Wednesday, February 14th. DA Davidson restated a buy rating and set a $78.00 price objective on shares of SS&C Technologies in a research note on Tuesday, April 16th. Finally, StockNews.com raised shares of SS&C Technologies from a buy rating to a strong-buy rating in a report on Monday, January 29th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $70.78.
Get Our Latest Stock Analysis on SS&C Technologies
SS&C Technologies Price Performance
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.13 EPS for the quarter, hitting the consensus estimate of $1.13. SS&C Technologies had a return on equity of 16.74% and a net margin of 11.03%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.39 billion. Equities research analysts forecast that SS&C Technologies will post 4.61 earnings per share for the current fiscal year.
SS&C Technologies Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Thursday, February 29th. SS&C Technologies’s payout ratio is 40.34%.
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-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.
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