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 Companys 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 Companys 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.