SS&C Technologies Releases Q2 2020 Earnings, Announces Renewal and Increase of Common Stock Repurchase Program for $750 million

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Go back to SS&C Technologies Releases Q2 2020 Earnings, Announces Renewal and Increase of Common Stock Repurchase Program for $750 million

SS&C Technologies Holdings, Inc. (SSNC) PT Raised to $68 at Needham & Company

July 29, 2020 6:44 AM EDT

Needham & Company analyst Mayank Tandon raised the price target on SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) to $68.00 (from $65.00) while maintaining a Buy rating.

The analyst commented, "SSNC posted upside 2Q results, beating estimates on both the top and bottom line... More

SS&C Technologies (SSNC) Tops Q2 EPS by 14c, Revenues Beat

July 28, 2020 4:08 PM EDT

SS&C Technologies (NASDAQ: SSNC) reported Q2 EPS of $1.04, $0.14 better than the analyst estimate of $0.90. Revenue for the quarter came in at $1.14 billion versus the consensus estimate of $1.11 billion.

Second Quarter Highlights:

Cash flow provided by operations was $555.7 million for the six months ended June 30, 2020, a 33.4% increase from $416.6 million for the prior six months.Paid down $2,302.3 million of net debt since our April 2018 acquisition of... More