SS&C Technologies Holdings (SSNC) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.39 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.38. The company posted revenue of $384.40 million in the period, compared to analysts expectations of $374.76 million. The company’s revenue was up 80.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.
Many Wall Street Analysts have commented on SS&C Technologies Holdings. Shares were Reiterated by Deutsche Bank on Jul 11, 2016 to “Hold” and Lowered the Price Target to $ 32 from a previous price target of $63 .RBC Capital Mkts Initiated SS&C Technologies Holdings on May 13, 2016 to “Outperform”, Price Target of the shares are set at $72.
SS&C Technologies Holdings opened for trading at $31.8 and hit $32.81 on the upside on Thursday, eventually ending the session at $32.79, with a gain of 4.63% or 1.45 points. The heightened volatility saw the trading volume jump to 40,12,890 shares. Company has a market cap of $6,499 M.
In a different news, on Jun 8, 2016, Normand A Boulanger (President and COO) sold 49,231 shares at $61.57 per share price. According to the SEC, on Jun 2, 2016, Patrick J Pedonti (SVP and CFO) sold 14,467 shares at $61.54 per share price. On Feb 22, 2016, Jonathan E Michael (director) purchased 5,000 shares at $57.59 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.