Latest news with #SS&CTechnologies
Business Wire
21-05-2025
- Business
- Business Wire
SS&C GlobeOp Forward Redemption Indicator
WINDSOR, Conn.--(BUSINESS WIRE)-- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced the SS&C GlobeOp Forward Redemption Indicator for May 2025 measured 2.34%, up from 1.85% in April. 'Recent favorable trends in asset retention indicate investors favor the strong risk-adjusted and uncorrelated returns provided by hedge funds," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. Share 'SS&C GlobeOp's Forward Redemption Indicator for May 2025 was 2.34%. The figure represents a decrease in termination notices compared to the 2.78% reported for the same period a year ago,' said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. 'Recent favorable trends in asset retention indicate investors favor the strong risk-adjusted and uncorrelated returns provided by hedge funds. These returns help investors mitigate the recent bouts of volatility in both equity and fixed income markets.' The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on the SS&C GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the SS&C GlobeOp platform. Forward redemptions as a percentage of SS&C GlobeOp's assets under administration on the SS&C GlobeOp platform have trended significantly lower since reaching a high of 19.27% in November 2008. The next publication date is June 23, 2025. Published on the 15th business day of the month, the SS&C GlobeOp Forward Redemption Indicator presents a timely and accurate view of the redemption pipeline for investors in hedge funds on the SS&C GlobeOp administration platform. Movements in the Indicator reflect investor confidence in their allocations to hedge funds. Indicator data is based on actual investor redemption notifications received. Unlike subscriptions, redemption notifications are typically received 30-90 days in advance of the redemption date. Investors may, and sometimes do, cancel redemption notices. In addition, the establishment and enforcement of redemption notices may vary from fund to fund. SS&C GlobeOp Hedge Fund Performance Index Base Flash estimate (current month) 0.46%* Year-to-date (YTD) 1.02%* Last 12 month (LTM) 6.80%* Life to date (LTD) 285.11%* *All numbers reported above are gross Expand SS&C GlobeOp Capital Movement Index Base 100 points on 31 December 2005 All time high 150.77 in September 2013 All time low 99.67 in January 2006 12-month high 125.72 in May 2024 12-month low 123.40 in January 2025 Largest monthly change - 15.21 in January 2009 Expand SS&C GlobeOp Forward Redemption Indicator All time high 19.27% in November 2008 All time low 1.48% in April 2022 12-month high 3.54% in December 2024 12-month low 1.85% in April 2025 Largest monthly change 9.60% in November 2008 Expand About the SS&C GlobeOp Hedge Fund Index® The SS&C GlobeOp Hedge Fund Index (the Index) is a family of indices published by SS&C GlobeOp. A unique set of indices by a hedge fund administrator, it offers clients, investors and the overall market a welcome transparency on liquidity, investor sentiment and performance. The Index is based on a significant platform of diverse and representative assets. The SS&C GlobeOp Capital Movement Index and the SS&C GlobeOp Forward Redemption Indicator provide monthly reports based on actual and anticipated capital movement data independently collected from all hedge fund clients for whom SS&C GlobeOp provides administration services on the SS&C GlobeOp platform. The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted benchmark of the aggregate performance of funds for which SS&C GlobeOp provides monthly administration services on the SS&C GlobeOp platform. Flash estimate, interim and final values are provided, in each of three months respectively, following each business month-end. While individual fund data is anonymized by aggregation, the SS&C GlobeOp Hedge Fund Index data will be based on the same reconciled fund data that SS&C GlobeOp uses to produce fund net asset values (NAV). Funds acquired through the acquisition of Citi Alternative Investor Services are integrated into the index suite starting with the January 2017 reporting periods. SS&C GlobeOp's total assets under administration on the SS&C GlobeOp platform represent approximately 10% of the estimated assets currently invested in the hedge fund sector. The investment strategies of the funds in the indices span a representative industry sample. Data for middle and back office clients who are not fund administration clients is not included in the Index, but is included in the Company's results announcement figures. 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
Telegraph
05-05-2025
- Business
- Telegraph
IT meltdowns cost billions per year. This company is paid to avoid them
Questor is The Telegraph's stock-picking column, helping you decode the markets and offering insights on where to invest. If you're going to develop software for a financial institution, you'd better make sure that it doesn't suffer glitches. The world of pain that awaits a bank or asset manager that experiences an IT meltdown can include customer fury, millions in fines and settlements and a blow to their reputation that can take years to rebuild – with no guarantee of fully recovering. For the technology firm responsible, the contract is unlikely to be renewed and their name in the industry will be mud. But get it right and the bond of trust can be financially rewarding. Just as well, then, that SS&C Technologies is good at this stuff. This US-based tech business provides a wide array of software and services to banks, hedge funds, private equity and asset managers, in areas such as funds accounting, investor reporting, risk analytics and regulatory compliance. It also offers administrative tech services in the healthcare sector and has been active in its field for nearly 40 years. SS&C Technologies has made extensive use of mergers and acquisitions to supplement its organic growth over the years. While this has made it a fast-growing business, it also led to a period of necessary restructuring and temporary slowdowns in momentum in both trading and the shares. For some investors, this represents an opportunity. Some of the world's most successful investors have bought into SS&C Technologies, each of them among the top 3pc of the more than 10,000 equity managers whose performance is tracked by financial publisher Citywire. Their level of conviction means that SS&C Technologies has been awarded a top AAA rating by Citywire. It is also a constituent of Citywire's Global Elite Companies index, which tracks about 80 of the very best ideas of the world's best fund managers from the 6,000 stocks held across their portfolios. There are 10 of these investors on the company's share register, including Evan Fox, whose holding sits in the Pzena Mid Cap Value Fund he manages. The analyst on Fox's team who covers the stock is Akhil Subramanian, who said the fund invested as the company consolidated its business following 'heavy M&A activity'. Subramanian says: 'We invested in late 2021 on the premise that the company's restructuring was nearing completion, and that organic growth would accelerate, which it has begun to do.' The shares are currently around the level when Fox's team first started buying over three years ago. Over the course of the past five years, SS&C Technologies has moved to simplify its internal structures and refinance debts. It has also been buying back shares, which it has in the past regularly issued to part-fund acquisitions. It has also launched a range of new products and upgrades, secured a string of additional institutional clients and continued to pursue takeover deals. Customers of SS&C Technologies include Federated Hermes, Aberdeen and Jupiter Asset Management. Subramanian noted that SS&C Technologies was a 'sticky business' that attracted strong customer loyalty, with a client retention rate in the high-90pc area. This helped it manage price increases during recent periods of inflationary pressure. Subramanian also pointed to the company's substantial cash flows that underpin its financial health and ability to return cash. Shares in SS&C Technologies, which are listed on the tech-heavy Nasdaq exchange, are available through the UK's main stockbrokers. Potential buyers should fill in the forms needed to minimise withholding taxes and check for any additional dealing charges. SS&C Technologies has a solid track record with adjusted earnings per share (EPS) growing at an annualised rate of 7.2pc over the last five years, while annualised growth is forecast to be 9.1pc over the next two. The company also boasts solid operating margins, which rose from 21.1pc to 22.8pc last year. Meanwhile, the balance sheet is strengthening. Net debt is expected to drop from 2.8 times earnings before interest, tax, depreciation and amortisation (Ebitda) last year to a much more comfortable 1.6 times by 2027. Despite these attractive characteristics, the valuation of the shares is far from challenging. SS&C Technologies stock trades for 12.8 times this year's forecast earnings, low for a tech business, and are expected to pay a dividend yield of 1.3pc. This is a quality player worth owning. Questor says buy Ticker: NYSE:SSNC Share price: $77.70 Miles Costello is a contributing journalist to Citywire Elite Companies
AU Financial Review
04-05-2025
- Business
- AU Financial Review
This $29b US tech firm wants to shake up Australian superannuation
Nasdaq-listed SS&C Technologies has grown its staffing levels by more than five times in less than three years as it readies to fight market leader MUFG for lucrative administration work for the nation's largest superannuation funds, says its local chief executive. Shaun McKenna said the $29 billion company would employ 2000 people in Australia from July. Two-and-a-half years ago it was just a nascent office with 300 staff.
Yahoo
24-04-2025
- Business
- Yahoo
SS&C's (NASDAQ:SSNC) Q1 Sales Beat Estimates But Quarterly Revenue Guidance Slightly Misses Expectations
Financial software provider SS&C Technologies (NASDAQ:SSNC) reported Q1 CY2025 results beating Wall Street's revenue expectations , with sales up 5.4% year on year to $1.51 billion. On the other hand, next quarter's revenue guidance of $1.51 billion was less impressive, coming in 1.4% below analysts' estimates. Its non-GAAP profit of $1.44 per share was 2.4% above analysts' consensus estimates. Is now the time to buy SS&C? Find out in our full research report. Revenue: $1.51 billion vs analyst estimates of $1.50 billion (5.4% year-on-year growth, 0.8% beat) Adjusted EPS: $1.44 vs analyst estimates of $1.41 (2.4% beat) Adjusted EBITDA: $591.9 million vs analyst estimates of $597.6 million (39.1% margin, 0.9% miss) The company slightly lifted its revenue guidance for the full year to $6.18 billion at the midpoint from $6.17 billion Management slightly raised its full-year Adjusted EPS guidance to $5.84 at the midpoint Operating Margin: 23.6%, in line with the same quarter last year Free Cash Flow Margin: 17.1%, up from 8.7% in the same quarter last year Market Capitalization: $18.82 billion 'SS&C reported adjusted revenues of $1,514.8 million and adjusted consolidated EBITDA of $591.9 million, both of which are first quarter record results,' says Bill Stone, Chairman and Chief Executive Officer. Founded in 1986 as a bridge between technology and financial services, SS&C Technologies (NASDAQ:SSNC) provides software and software-enabled services that help financial firms and healthcare organizations automate complex business processes. A combination of increasing reliance on data and analytics across various industries and the desire for cost efficiency through outsourcing could mean that companies in this space gain. As functions such as payroll, HR, and credit risk assessment rely on more digitization, key players in the data & business process services industry could be increased demand. On the other hand, the sector faces headwinds from growing regulatory scrutiny on data privacy and security, with laws like GDPR and evolving U.S. regulations potentially limiting data collection and monetization strategies. Additionally, rising cyber threats pose risks to firms handling sensitive personal and financial information, creating outsized headline risk when things go wrong in this area. A company's long-term performance is an indicator of its overall quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. With $5.96 billion in revenue over the past 12 months, SS&C is one of the larger companies in the business services industry and benefits from a well-known brand that influences purchasing decisions. However, its scale is a double-edged sword because finding new avenues for growth becomes difficult when you already have a substantial market presence. To expand meaningfully, SS&C likely needs to tweak its prices, innovate with new offerings, or enter new markets. As you can see below, SS&C's 4.9% annualized revenue growth over the last five years was mediocre. This shows it couldn't generate demand in any major way and is a tough starting point for our analysis. We at StockStory place the most emphasis on long-term growth, but within business services, a half-decade historical view may miss recent innovations or disruptive industry trends. SS&C's annualized revenue growth of 5.5% over the last two years aligns with its five-year trend, suggesting its demand was stable. This quarter, SS&C reported year-on-year revenue growth of 5.4%, and its $1.51 billion of revenue exceeded Wall Street's estimates by 0.8%. Company management is currently guiding for a 3.9% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 5.1% over the next 12 months, similar to its two-year rate. This projection is above the sector average and suggests its newer products and services will help support its recent top-line performance. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. SS&C has been a well-oiled machine over the last five years. It demonstrated elite profitability for a business services business, boasting an average operating margin of 22.7%. Analyzing the trend in its profitability, SS&C's operating margin rose by 1.1 percentage points over the last five years, as its sales growth gave it operating leverage. This quarter, SS&C generated an operating profit margin of 23.6%, in line with the same quarter last year. This indicates the company's overall cost structure has been relatively stable. Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. SS&C's EPS grew at an unimpressive 7.1% compounded annual growth rate over the last five years. On the bright side, this performance was better than its 4.9% annualized revenue growth and tells us the company became more profitable on a per-share basis as it expanded. Diving into the nuances of SS&C's earnings can give us a better understanding of its performance. As we mentioned earlier, SS&C's operating margin was flat this quarter but expanded by 1.1 percentage points over the last five years. On top of that, its share count shrank by 4%. These are positive signs for shareholders because improving profitability and share buybacks turbocharge EPS growth relative to revenue growth. In Q1, SS&C reported EPS at $1.44, up from $1.28 in the same quarter last year. This print beat analysts' estimates by 2.4%. Over the next 12 months, Wall Street expects SS&C's full-year EPS of $5.57 to grow 8.3%. It was good to see SS&C narrowly top analysts' revenue expectations this quarter. We were also happy its EPS outperformed Wall Street's estimates. On the other hand, its revenue and EPS forecast for next quarter missed despite the company raising its full-year outlook. Overall, this was a softer quarter. The stock traded down 1.8% to $76 immediately following the results. SS&C didn't show it's best hand this quarter, but does that create an opportunity to buy the stock right now? What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
Yahoo
03-04-2025
- Business
- Yahoo
SS&C to Release First Quarter 2025 Earnings
WINDSOR, Conn., April 3, 2025 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services and healthcare software and software-enabled services, will announce its financial results for the first quarter ended March 31, 2025 after the close of the market on Thursday, April 24, 2025. The earnings conference call, scheduled for Thursday, April 24, 2025 at 5:00 p.m. Eastern Time, will discuss first quarter 2025 results. Details of the release are as follows: News Release: To be released on April 24, 2025. The release will be available over PR Newswire and from SS&C's website at To receive the press release via email immediately after wire distribution, visit and click on Email Alerts. Earnings Call: Dial 888-210-4650 (US and Canada) or 646-960-0327 (International) and request the "SS&C Technologies First Quarter 2025 Earnings Conference Call"; conference ID #4673675. Webcast: A live webcast of its earnings conference call will be available at the Investor Relations section of SS&C's website, A replay will be available after the conclusion of the live webcast. 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 SS&C on Twitter, LinkedIn, and Facebook. View original content to download multimedia: SOURCE SS&C Sign in to access your portfolio
