SS&C Technologies Holdings (SSNC) Releases Earnings Results, Beats Expectations By $0.02 EPS

SS&C Technologies Holdings (SSNC) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.74 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.72. The company posted revenue of $324.13 million in the period, compared to analysts expectations of $330.10 million. The company’s revenue was up 57.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Many Wall Street Analysts have commented on SS&C Technologies Holdings. SS&C Technologies Holdings was Initiated by Morgan Stanley to “Equal-Weight” on Apr 13, 2016. Morgan Stanley Initiated SS&C Technologies Holdings on Mar 29, 2016 to “Equal-Weight”, Price Target of the shares are set at $68.Shares were Reiterated by Needham on Feb 12, 2016 to “Buy” and Lowered the Price Target to $ 76 from a previous price target of $86 .

SS&C Technologies Holdings closed down -0.91 points or -1.46% at $61.27 with 8,57,017 shares getting traded on Wednesday. Post opening the session at $62.03, the shares hit an intraday low of $60.7 and an intraday high of $62.19 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on May 3, 2016, Patrick J Pedonti (SVP and CFO) sold 15,000 shares at $61.85 per share price. According to the SEC, on Feb 22, 2016, Jonathan E Michael (director) purchased 5,000 shares at $57.59 per share price. On Feb 18, 2016, Michael Jay Zamkow (director) purchased 9,000 shares at $56.90 per share price, according to the Form-4 filing with the securities and exchange commission.

SS&C Technologies Holdings Inc. (SS&C Holdings) is a holding company which provides software products and software-enabled services. The Company operates primarily through its subsidiary SS&C Technologies Inc. The Company’s service offerings are classified as portfolio management/accounting; trading/treasury operations; financial modeling; loan management/accounting; property management; money market processing; software-enabled services; professional services and product support. The Company’s software products and software-enabled services automates and integrates front-office functions such as trading and modeling; middle-office functions such as portfolio management and reporting and back-office functions such as accounting performance measurement reconciliation reporting processing and clearing. Its other subsidiaries include Advent Software Inc. and GlobeOp Financial Services S.A. and Prime Management Limited among others.

SS&C Technologies Holdings

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