Latest news with #REISuper
Yahoo
01-05-2025
- Business
- Yahoo
SS&C Technologies Holdings (NasdaqGS:SSNC) Expands Superannuation Services With REI Partnership In Australia
SS&C Technologies Holdings recently announced a long-term partnership agreement with REI Super to provide superannuation administration services in Australia, highlighting its commitment to expanding within this key growth market. Despite this positive development, the company's stock remained flat last week, alongside broader market gains. While SS&C's Australian expansion and technological investments bolster its market presence, its stock performance aligned with the overall market trajectory, which reflected favorable market sentiments amid earnings results from major technology companies. Consequently, SS&C's consistent market strategy supported stability during this period of broader market growth. Every company has risks, and we've spotted 2 warning signs for SS&C Technologies Holdings you should know about. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. The recent partnership with REI Super in Australia underscores SS&C Technologies Holdings' commitment to expanding its superannuation services, which aligns with its international growth strategy highlighted by expansions into Australia and the Middle East. This could lead to increased revenue as new client acquisitions bolster their market presence. However, despite these advancements, the stock has remained stable, aligning with broader market trends driven by recent earnings results from major technology companies. Over the past five years, SS&C's total shareholder return, including dividends, was 42.64%, providing a longer-term perspective on its investment potential compared to immediate market sentiment. Over the past year, SS&C's stock performance surpassed the US Market return of 9.9% as well as the 8.7% return of the US Professional Services industry. Despite geopolitical uncertainties and foreign exchange risks, the company's integration of AI-driven automation and collaborations, such as with Insignia Financial, are expected to enhance efficiency and support future earnings, which is projected to rise from US$815.9 million to potentially US$1.2 billion by April 2028. However, differing analyst opinions suggest potential earnings as low as US$961.8 million. The current share price of US$74.91 falls below the consensus analyst price target of US$92.99, representing a sizable upside potential of approximately 19.4%. To justify this target, analysts anticipate that by 2028, SS&C will trade at a Price-to-Earnings ratio of 23.3x, higher than the current industry average of 20.7x. Investors should consider both growth prospects and risks, such as the US$6.4 billion in net debt, which could affect financial stability amid rising interest rates. Get an in-depth perspective on SS&C Technologies Holdings' performance by reading our balance sheet health report here. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:SSNC. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
National Post
01-05-2025
- Business
- National Post
REI Super Selects SS&C For Superannuation Administration
Article content WINDSOR, Conn. — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that REI Super ('REI'), the superannuation fund for Australia's real estate industry, has signed a long-term agreement to partner with SS&C. REI selected SS&C to serve as the fund's administrator following a competitive tender process. Article content Article content SS&C Global Investor & Distribution Solutions (GIDS) will provide REI with superannuation administration services and streamlined operations support to its 24,000 members across Australia. REI will benefit from SS&C's local administration expertise, supported by its global investment in digital service channels, automation and artificial intelligence to enhance the member experience. Article content 'As one of Australia's longest-standing superannuation funds, our focus has always been on serving our members,' said Jarrod Coysh, CEO of REI Super. 'SS&C's extensive track record in fund administration and innovative technology make them the ideal operations partner to help us best meet our members' needs.' Article content 'We are pleased to partner with REI Super,' said Shaun McKenna, Head of GIDS Australia at SS&C Technologies. 'As the superannuation industry continues to grow and the regulatory environment evolves, it is imperative for funds to select the right external partner to meet their operational needs. We look forward to collaborating closely with REI to provide their members best-in-class experiences.' Article content SS&C is positioned to service over 1.6 million superannuation members and wealth accounts across Australia by the end of 2025, accounting for $180 billion (AUD) in funds under administration. The Australian market represents a key growth market for SS&C, which is also on track to add more local capacity, employees, and office space in the second half of the year to meet increased regional demand. Boosting SS&C's presence will support its growing team of Australian employees, set to number nearly 2,000 by Q3. SS&C's continued investment in the region highlights the company's commitment to becoming Australia's leading superannuation administration partner. Article content About REI Super Article content REI Super is the leading industry super fund for the real estate industry in Australia. Founded in 1975, REI Super was built by, and for, the real estate industry and has consistently delivered personalised services and investment returns to its members and employers for over 50 years. REI Super provides superannuation and pension products, insurance products, and financial advice to over 24,000 Australians. Article content About SS&C Technologies Article content SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. More than 22,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology. Article content Article content Article content Article content Article content Contacts Article content Article content
Business Wire
01-05-2025
- Business
- Business Wire
REI Super Selects SS&C For Superannuation Administration
WINDSOR, Conn.--(BUSINESS WIRE)-- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that REI Super ('REI'), the superannuation fund for Australia's real estate industry, has signed a long-term agreement to partner with SS&C. REI selected SS&C to serve as the fund's administrator following a competitive tender process. SS&C Global Investor & Distribution Solutions (GIDS) will provide REI with superannuation administration services and streamlined operations support to its 24,000 members across Australia. REI will benefit from SS&C's local administration expertise, supported by its global investment in digital service channels, automation and artificial intelligence to enhance the member experience. 'As one of Australia's longest-standing superannuation funds, our focus has always been on serving our members,' said Jarrod Coysh, CEO of REI Super. 'SS&C's extensive track record in fund administration and innovative technology make them the ideal operations partner to help us best meet our members' needs.' 'We are pleased to partner with REI Super,' said Shaun McKenna, Head of GIDS Australia at SS&C Technologies. 'As the superannuation industry continues to grow and the regulatory environment evolves, it is imperative for funds to select the right external partner to meet their operational needs. We look forward to collaborating closely with REI to provide their members best-in-class experiences.' SS&C is positioned to service over 1.6 million superannuation members and wealth accounts across Australia by the end of 2025, accounting for $180 billion (AUD) in funds under administration. The Australian market represents a key growth market for SS&C, which is also on track to add more local capacity, employees, and office space in the second half of the year to meet increased regional demand. Boosting SS&C's presence will support its growing team of Australian employees, set to number nearly 2,000 by Q3. SS&C's continued investment in the region highlights the company's commitment to becoming Australia's leading superannuation administration partner. About REI Super REI Super is the leading industry super fund for the real estate industry in Australia. Founded in 1975, REI Super was built by, and for, the real estate industry and has consistently delivered personalised services and investment returns to its members and employers for over 50 years. REI Super provides superannuation and pension products, insurance products, and financial advice to over 24,000 Australians. About SS&C Technologies SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. More than 22,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology. Additional information about SS&C (Nasdaq: SSNC) is available at
