Latest news with #financialData
Yahoo
25-06-2025
- Business
- Yahoo
Quincy Data's Precision Time Exchange Service Recognized as Best Time Stamping Measurement System by TradingTech Insight Awards
CHICAGO, June 25, 2025 /PRNewswire/ -- Quincy Data, a global leader in high-performance financial market data distribution, has been named winner of the TradingTech Insight USA Award for Best Time Stamping Measurement System for its Precision Time Exchange (PTX) service. PTX delivers resilient, sub-nanosecond time synchronization across major North American trading venues, fully traceable to UTC(NIST). It offers a robust alternative to locally maintained GPS clocks, helping market participants address rising risks of interference and degradation in time signal reliability. According to Mike Schonberg, Director of Market Data Technology, "Timestamping that is reliable, picosecond-precise, and accurately available across multiple venues is an exceptionally hard technical challenge. PTX solves it. It is a uniquely resilient service that can replace the in-house time transfer systems financial firms are currently forced to build, maintain, and improve themselves." As uncertainty grows around the reliability of localized GPS infrastructure, time-sensitive institutions—including exchanges, ATSs, market makers, and data providers—are increasingly seeking dependable external time sources. PTX was engineered to support every major U.S. trading campus, enabling firms to avoid the burden of developing and managing their own precision timing systems. Firms prioritizing resiliency rely on PTX. Firms requiring precision rely on PTX. Firms demanding traceability rely on PTX. To explore how PTX can support your firm's timing needs, contact Quincy Data today. About Quincy DataQuincy Data is a global leader in the distribution of high-performance financial market data. The company delivers real-time market information tailored for every level of speed, richness, and precision. All services are provided on a level playing field to all clients. View original content: SOURCE Quincy Data, LLC Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-06-2025
- Business
- Yahoo
This Incredible Dividend Growth Stock's Hidden AI Story Could Deliver 20% Annual Returns
A major spinoff and aggressive AI deployment are setting up a powerful margin expansion story. Management has already proved it can achieve tech-like profitability levels. Five decades of consecutive dividend increases provide a growing income stream while you wait. 10 stocks we like better than S&P Global › The market is completely missing what's happening at S&P Global (NYSE: SPGI). While investors obsess over the latest artificial intelligence (AI) start-up or trendy tech stock, this 165-year-old financial data powerhouse is quietly orchestrating one of the most compelling margin expansion stories in the market. The combination of an upcoming business spinoff, aggressive AI integration, and a management team that's already proved it can achieve 50.9% GAAP operating margins creates a setup that could deliver double-digit annual returns for the next 10 years. S&P Global might not grab headlines like the AI darlings, but this $160 billion company touches nearly every corner of the global financial system. The company operates through four main divisions: Ratings, providing credit ratings on $17 trillion in debt; Market Intelligence, which deals with financial data and analytics; Indices, including the S&P 500; and Platts, which involves commodity pricing. A fifth division, Mobility, is set to be spun off in 2026. Here's what matters: In 2021, before acquiring IHS Markit, S&P Global achieved GAAP a operating margin of 50.9%. Yes, you read that correctly. This financial services company was generating profit margins that would make most software companies jealous. Today, those GAAP operating margins are projected to be around 43% in 2025 as the company continues to digest the massive acquisition. But management has a clear path back to those historic highs. While everyone focuses on chatbots and image generators, S&P Global is using AI to transform the economics of financial data. The company's Kensho division, acquired for $550 million in 2018, has become the cornerstone of an AI strategy that management says is driving significant productivity gains and workflow efficiencies across operations. S&P Global has developed AI benchmarking tools through Kensho that evaluate large language models for business and finance use cases. These "S&P AI Benchmarks by Kensho" are gaining traction as standardized metrics to compare AI systems, with major companies such as Accenture partnering to use them. As more companies adopt these benchmarks, S&P Global could benefit from network effects that strengthen its competitive position. The company has also deployed internal AI tools such as Spark Assist and client-facing assistants such as ChatIQ, which management describes as accelerating workflows and helping employees work more efficiently. Although specific cost savings haven't been disclosed, these initiatives are part of S&P Global's broader push to use AI to enhance margins and improve customer experiences. The planned spinoff of S&P Global's Mobility division in 2026 represents more than just corporate restructuring. This business, which includes the valuable Carfax brand, generates about 11% of company revenue, accounting for $1.6 billion in 2024. Its removal will allow S&P Global to focus entirely on its highest-margin financial data and analytics businesses while unlocking an estimated $5 billion to $8 billion in value for shareholders. Post-spinoff, S&P Global will be a cleaner, higher-margin business focused entirely on financial data and analytics. The simplified structure should help the market better appreciate the company's true earnings power. Conglomerates typically trade at discounts to focused pure plays, and removing the Mobility business eliminates that complexity discount. Wall Street sees adjusted operating margins reaching 52% by 2029, exceeding even the company's 2021 peak. The company's 2025 outlook already shows progress, with guidance calling for revenue growth of 4% to 6%, GAAP earnings per share of $14.60 to $15.10, and adjusted earnings per share of $16.75 to $17.25. That gap between GAAP and adjusted earnings reflects the ongoing impact of acquisition-related amortization. Here's the power of combining margin expansion with steady revenue growth: If S&P Global maintains 6% annual revenue growth, the high end of its 2025 guidance range, sales would reach $27 billion by 2035. Now add margin expansion: If GAAP margins return to their proven 50.9% peak from today's 43%, the earnings impact is dramatic. Consider the math: $27 billion in revenue at a 50.9% GAAP operating margin generates $13.7 billion in operating income. After accounting for interest, taxes, and the narrowing gap between GAAP and adjusted earnings as acquisition costs fade, earnings per share could realistically reach $40 to $45, more than double today's levels. Even applying a conservative valuation multiple of 30 times earnings, which is below today's multiple, that translates to a stock price of $1,200 to $1,350. Meanwhile, investors collect a growing dividend backed by 52 consecutive years of increases. The current yield of 0.76% might seem modest, but here's where dividend growth becomes powerful: If S&P Global continues raising its dividend at a conservative 10% annually, below its historical average, that $3.84 annual dividend could grow to roughly $10 per share by 2035. For investors who buy today, that means collecting $10 annually on shares purchased for $504, a 2% yield on their original investment. This "yield on cost" concept rewards patient investors, as each dividend increase means more income on the same initial investment, regardless of where the stock price trades. S&P Global offers something increasingly rare in today's market: a proven business model with clear catalysts for margin expansion and a management team that's already demonstrated what's possible. While growth investors chase the next shiny object and value investors wait for deeper discounts, S&P Global sits in the sweet spot -- a quality compounder available at a reasonable price with multiple ways to win. The upcoming spinoff provides the catalyst. The AI transformation provides the margin expansion. And five decades of dividend growth provides income while you wait. For investors seeking both growth and income, S&P Global's combination of margin expansion potential and reliable dividend growth makes it a compelling opportunity at current prices. Before you buy stock in S&P Global, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and S&P Global wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $664,089!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $881,731!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 George Budwell has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Accenture Plc and S&P Global. The Motley Fool has a disclosure policy. This Incredible Dividend Growth Stock's Hidden AI Story Could Deliver 20% Annual Returns was originally published by The Motley Fool Sign in to access your portfolio
Finextra
29-05-2025
- Business
- Finextra
FE fundinfo acquires Fundipedia
FE fundinfo, the leading financial data company connecting the investment industry across the UK, Europe and Asia Pacific, has today announced the acquisition of Fundipedia, a centralised data solution designed to help asset managers capture, store, validate and manage their critical product data, before downstream dissemination and reporting. 0 Founded in 2007, Fundipedia provides a SaaS data management platform and workflow solutions tailor-made for asset managers. Their products successfully address critical operational challenges such as centralised data storage, data validation, manual processing and regulatory compliance to improve accuracy and efficiency across the fund lifecycle at the source. The acquisition is a natural extension to FE fundinfo's data strategy, giving clients greater transparency and control of their product information at the source. Fundipedia will be connected with FE fundinfo's wider Nexus ecosystem, providing clients the opportunity to seamlessly power client and regulatory reporting as well as dissemination to FE fundinfo's worldwide network. Clients will be able to save time, cost and reduce risk with the assurances of good data governance, workflow automation and artificial intelligence. The combination will deliver benefits to FE fundinfo and Fundipedia clients such as: • A comprehensive system of record to capture, store, manage and distribute multiple product classes • Reduced reliance on spreadsheets and manual processes, leading to greater efficiencies • Improved data validation to strengthen the effectiveness of downstream processes • Advanced data governance to support evolving compliance needs and ensure regulatory agility • Expanded access to resources and expertise, particularly across product development, client experience, services and support Leveraging FE fundinfo's established presence across the UK, Europe and Asia Pacific, the acquisition represents a major opportunity to scale Fundipedia's product more broadly, benefitting all involved. FE fundinfo will continue to invest in Fundipedia, accelerating product development and the launch of new features, such as deeper workflow automation and AI, to meet global client needs. This marks FE fundinfo's fifth acquisition in the past 12 months, reflecting the company's strategic growth trajectory and its commitment to connect the investment ecosystem and help asset and wealth managers manage complexity, respond to evolving regulation and deliver greater value to investors. Liam Healy, CEO at FE fundinfo, said: 'Data is at the core of everything we do for our clients. The digital transformation of the investment management industry demands data integrity and efficiency at scale. Fundipedia helps address this foundational challenge for our clients. I'm incredibly excited about the combination, and all involved, to amplify our existing data strategy, regulatory and client reporting and dissemination across our network.' Simon Swords, Managing Director at Fundipedia, said: 'Fundipedia was designed to empower asset managers with the comprehensive data insight needed to navigate data governance and regulatory demands. Joining FE fundinfo allows us to bring that mission to a broader audience, with the support and scale needed to invest further in our platform to strengthen our data curation and validation capabilities."
Reuters
13-05-2025
- Business
- Reuters
Kenya shilling gains slightly versus dollar, LSEG data shows
NAIROBI, May 13 (Reuters) - Kenya's shilling firmed slightly against the dollar on Tuesday, data from the London Stock Exchange Group showed. At 0709 GMT, the shilling traded at 128.80/129.40, compared with Monday's closing rate of 129.00/50.
