SS&C Technologies Holdings (SSNC) Releases Earnings Results, Beats Expectations By $0.01 EPS

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 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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