SS&C Technologies (NASDAQ:SSNC – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 4.930-5.170 for the period, compared to the consensus earnings per share estimate of 5.080. The company issued revenue guidance of $5.7 billion-$5.9 billion, compared to the consensus revenue estimate of $5.8 billion. SS&C Technologies also updated its FY24 guidance to $4.93-5.17 EPS.
Analysts Set New Price Targets
A number of brokerages recently weighed in on SSNC. UBS Group boosted their price target on shares of SS&C Technologies from $72.00 to $77.00 and gave the company a buy rating in a research report on Wednesday, February 14th. Citigroup upped their target price on shares of SS&C Technologies from $70.00 to $71.00 and gave the company a buy rating in a report on Thursday, February 15th. StockNews.com raised shares of SS&C Technologies from a buy rating to a strong-buy rating in a report on Monday, January 29th. DA Davidson reaffirmed a buy rating and issued a $78.00 target price on shares of SS&C Technologies in a report on Tuesday, April 16th. Finally, Needham & Company LLC boosted their price target on shares of SS&C Technologies from $62.00 to $70.00 and gave the stock a buy rating in a research note on Wednesday, February 14th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $70.78.
Read Our Latest Report on SSNC
SS&C Technologies Price Performance
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.13. SS&C Technologies had a net margin of 11.03% and a return on equity of 16.74%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.39 billion. As a group, research analysts predict that SS&C Technologies will post 4.61 EPS for the current year.
SS&C Technologies Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.24 per share. 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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