SS&C Technologies (NASDAQ:SSNC – Get Rating) issued an update on its FY23 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $4.67-4.97 for the period, compared to the consensus earnings per share estimate of $4.98. The company issued revenue guidance of $5.455-5.655 billion, compared to the consensus revenue estimate of $5.47 billion. SS&C Technologies also updated its FY 2023 guidance to $4.67-$4.97 EPS.

SS&C Technologies Price Performance

Shares of SS&C Technologies stock traded up $1.92 on Wednesday, hitting $63.56. The company had a trading volume of 736,370 shares, compared to its average volume of 1,367,022. The business has a 50-day simple moving average of $54.54 and a 200-day simple moving average of $54.08. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $16.01 billion, a PE ratio of 23.62 and a beta of 1.40. SS&C Technologies has a 52 week low of $45.25 and a 52 week high of $82.46.

SS&C Technologies (NASDAQ:SSNC – Get Rating) last posted its quarterly earnings data on Tuesday, February 7th. The technology company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.13. The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.33 billion. SS&C Technologies had a net margin of 13.24% and a return on equity of 19.05%. The business's revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $1.16 earnings per share. Research analysts expect that SS&C Technologies will post 4.25 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

Analysts Set New Price Targets

SSNC has been the topic of several recent analyst reports. Raymond James upped their price target on SS&C Technologies from $63.00 to $74.00 and gave the company a strong-buy rating in a research report on Wednesday. Needham & Company LLC boosted their price objective on SS&C Technologies from $65.00 to $76.00 and gave the stock a buy rating in a research report on Wednesday. StockNews.com began coverage on SS&C Technologies in a research report on Wednesday, October 12th. They set a buy rating for the company. Morgan Stanley cut their price target on SS&C Technologies from $65.00 to $55.00 and set an equal weight rating for the company in a report on Friday, October 28th. Finally, DA Davidson upped their price target on SS&C Technologies from $70.00 to $74.00 and gave the company a buy rating in a report on Friday, January 27th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, SS&C Technologies currently has a consensus rating of Buy and an average price target of $68.27.

Institutional Trading of SS&C Technologies

A number of institutional investors and hedge funds have recently modified their holdings of SSNC. Brown Brothers Harriman & Co. bought a new stake in SS&C Technologies during the 1st quarter worth approximately $129,000. Ontario Teachers Pension Plan Board bought a new stake in SS&C Technologies during the 1st quarter worth approximately $206,000. Private Advisor Group LLC increased its stake in SS&C Technologies by 19.1% during the 1st quarter. Private Advisor Group LLC now owns 3,591 shares of the technology company's stock worth $270,000 after purchasing an additional 577 shares in the last quarter. Ascent Group LLC bought a new stake in SS&C Technologies during the 3rd quarter worth approximately $307,000. Finally, American Century Companies Inc. increased its stake in SS&C Technologies by 18.1% during the 1st quarter. American Century Companies Inc. now owns 4,476 shares of the technology company's stock worth $335,000 after purchasing an additional 685 shares in the last quarter. 83.14% of the stock is owned by institutional investors.

About SS&C Technologies

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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.

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