SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Plans $0.25 Quarterly Dividend

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) declared a quarterly dividend on Tuesday, February 18th,Wall Street Journal reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.25 per share by the technology company on Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Monday, March 3rd.

SS&C Technologies has increased its dividend by an average of 13.0% annually over the last three years. SS&C Technologies has a payout ratio of 15.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect SS&C Technologies to earn $5.83 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 17.2%.

SS&C Technologies Trading Up 0.5 %

Shares of NASDAQ SSNC traded up $0.42 during mid-day trading on Tuesday, reaching $89.08. 1,710,763 shares of the company’s stock were exchanged, compared to its average volume of 1,430,708. The company’s 50-day moving average is $79.08 and its 200-day moving average is $75.75. SS&C Technologies has a 52-week low of $59.63 and a 52-week high of $89.25. The firm has a market capitalization of $22.06 billion, a price-to-earnings ratio of 29.69 and a beta of 1.38. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. Analysts expect that SS&C Technologies will post 5.26 EPS for the current fiscal year.

Insider Buying and Selling

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the transaction, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William C. Stone sold 132,700 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total value of $10,197,995.00. Following the completion of the transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,446,744,613.10. This trade represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 449,000 shares of company stock worth $34,461,478 in the last quarter. 15.40% of the stock is owned by insiders.

Analyst Ratings Changes

SSNC has been the topic of a number of analyst reports. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. Needham & Company LLC increased their price target on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, February 7th. UBS Group increased their price target on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Raymond James increased their price target on SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a research report on Friday, February 7th. Finally, DA Davidson increased their price target on SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $97.50.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.