SS&C(SSNC)
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Marlborough's Investment Fund Services Ltd Enters Strategic Partnership with SS&C
Prnewswire· 2024-06-24 11:00
The funds, which have more than GBP16 billion of assets under management, include Marlborough's range of 19 funds and those operated by more than 20 other investment management companies and other financial services businesses in the U.K. Under the agreement, around 90 IFS staff in Bolton transferred to SS&C on June 1, 2024. They will continue working in one of Marlborough's office buildings in Bolton, which will become a 'centre of excellence' for fund administration and serve clients of both IFS and SS&C. ...
SS&C Expands Fund Administration Business in India with GIFT City Office
Prnewswire· 2024-06-12 11:00
Kedaara Capital and Multiples Alternate Asset Management are among SS&C's clients with AIFs in GIFT City, with more in the pipeline. SS&C has more than $19 billion in assets under administration in India. Arun Baldwa will lead the GIFT City office. "There is tremendous opportunity in GIFT City, and we are excited to be part of it," said a representative from Multiples Alternate Asset Management. The fund administration offering in GIFT City complements SS&C's extensive fund administration business across In ...
SS&C to Participate at Upcoming Investor Conferences
Prnewswire· 2024-06-07 13:00
WINDSOR, Conn., June 7, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of software and software-enabled services for the financial services and healthcare industries, today announced Brian Schell, Chief Financial Officer, will present at the 2024 RBC Capital Markets Financial Technology Conference at The Lotte New York Palace Hotel in New York, NY on Tuesday, June 11th, 2024 at 1:20 PM ET. About SS&C Technologies SOURCE SS&C Webcast will be available on SS&C Technolo ...
SS&C to Present at William Blair's 44th Annual Growth Stock Conference
Prnewswire· 2024-06-03 13:00
WINDSOR, Conn., June 3, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of software and software-enabled services for the financial services and healthcare industries, today announced that Brian Schell, Executive Vice President and Chief Financial Officer, will present at William Blair's 44th Annual Growth Stock Conference on Wednesday, June 5th, 2024 at the Loews Chicago Hotel in Chicago, IL at 8:40 AM CT. Webcast and presentation will be made available on SS&C Techn ...
SS&C Announces Common Stock Dividend of $0.24 Per Share
Prnewswire· 2024-05-20 13:00
Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com. WINDSOR, Conn., May 20, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced its Board of Directors has approved a quarterly dividend payout of $0.24 per share, consistent with its quarterly dividend policy. The dividend is payable on June 17, 2024, to stockholders of record as of the close of business on June 3, 2024. Follow SS&C on Twitter, LinkedIn and Facebook. About SS&C Technologies SOURCE ...
SS&C(SSNC) - 2024 Q1 - Quarterly Report
2024-05-01 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-34675 SS&C TECHNOLOGIES HOLDINGS, INC. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or ...
SS&C(SSNC) - 2024 Q1 - Earnings Call Presentation
2024-04-26 01:26
• Q1 2024 we bought back 0.8 million shares for $52.9 million, at an average price of $63.24 per share. • We paid down $79.9 million in debt in Q1 2024, bringing our net leverage ratio to 2.95 times consolidated EBITDA attributable to SS&C. • SS&C reported GAAP net income attributable to SS&C of $157.6 million, up 25.1 percent and adjusted consolidated EBITDA attributable to SS&C of $556.8 million for Q1 2024, up 9.4 percent. • GAAP operating income margin for Q1 2024 was 23.2 percent. Adjusted consolidated ...
SS&C(SSNC) - 2024 Q1 - Earnings Call Transcript
2024-04-26 01:25
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Q1 2024 Results Earnings Conference Call April 25, 2024 5:00 PM ET Company Participants Justine Stone - Head of Investor Relations William Stone - Chairman of the Board and Chief Executive Officer Rahul Kanwar - President and Chief Operating Officer Brian Schell - Executive Vice President and Chief Financial Officer Conference Call Participants Daniel Perlin - RBC Capital Markets Andrew Schmidt - Citigroup Alexei Gogolev - J.P. Morgan Peter Heckmann - D.A. Davi ...
SS&C(SSNC) - 2024 Q1 - Quarterly Results
2024-04-25 20:10
Exhibit 99.1 SS&C Technologies Releases Q1 2024 Earnings Results Q1 2024 GAAP revenue $1,435.0 million, up 5.3%, Fully Diluted GAAP Earnings Per Share $0.62, up 26.5% Record Adjusted revenue $1,435.8 million, up 5.3%, Adjusted Diluted Earnings Per Share $1.28, up 12.3% WINDSOR, CT, April 25, 2024 (PR Newswire) SS&C Technologies Holdings, Inc. (NASDAQ: SSNC), a global provider of investment, financial and healthcare software and software-enabled services, today announced its financial results for the first q ...
SS&C(SSNC) - 2023 Q4 - Annual Report
2024-02-28 21:12
Financial Performance and Revenue - The company's operating results, including profit margins and profitability, are expected to fluctuate over time due to various factors such as the timing and nature of license and service transactions [106]. - In 2023, international revenues accounted for 31% of total revenues, up from 29% in 2022 and 28% in 2021 [126]. - Revenue generated from the U.K. was approximately $638.6 million in 2023, compared to $573.1 million in 2022 and $596.0 million in 2021 [127]. - The lengthy and unpredictable sales cycles of large client engagements may impact revenue recognition and operational results [107]. Regulatory and Compliance Risks - The company is subject to evolving regulations and increased scrutiny from regulators, which could adversely affect business operations [137]. - The company is subject to the U.K. version of the GDPR, which could lead to additional compliance costs and regulatory challenges [149]. - The company faces potential fines under the GDPR of up to €20 million or 4% of the noncompliant company's annual global turnover, whichever is higher [150]. - Legal and regulatory risks could significantly damage the company's reputation and business prospects [135]. - Changes in applicable laws and regulations could diminish clients' business or financial condition, impacting demand for the company's products and services [144]. Financial Condition and Debt - As of December 31, 2023, the company had total indebtedness of $6,755.1 million and an additional $598.7 million available for borrowings under its revolving credit facility [152]. - The company estimates that its current levels of indebtedness will result in annual interest payments of approximately $463.7 million [154]. - The company’s ability to pay dividends is limited by its status as a holding company and the terms of its indebtedness agreements [167]. - The company’s financial health may be adversely affected by increased interest rates and restrictive covenants in its credit agreements [153]. - Total debt as of December 31, 2023, was $6,755.1 million, including $4,755.1 million of variable interest rate debt; a 100 basis point increase in interest rates would result in an additional interest expense of approximately $47.6 million per year [280]. Operational Risks - The company relies on third-party service providers for IT infrastructure, and disruptions to their systems could harm business operations [110]. - The company faces risks related to undetected software design defects, which could lead to client data loss and litigation, adversely affecting its reputation and financial condition [124]. - The potential for catastrophic events, such as natural disasters or pandemics, could disrupt operations and negatively impact financial performance [113]. - The company may face challenges in adapting to rapidly changing technology and evolving industry standards, which could affect its ability to meet client needs [122]. Currency and Investment Risks - The company is exposed to fluctuations in currency exchange rates, which could negatively impact operating results and financial condition [128]. - The company does not currently engage in material hedging activities, increasing exposure to exchange rate movements [129]. - Investment decisions regarding cash balances could expose the company to losses, adversely affecting revenues from client fund cash balances [125]. - Investments in funds and joint ventures may decline in value, potentially adversely affecting financial condition or operating results [130]. - The fair value of investments subject to equity price risk as of December 31, 2023, was approximately $49.0 million, with a 10% change in fair value impacting net income by approximately $3.6 million [281]. Management and Shareholder Interests - The company has significant control exerted by its Chairman and CEO, who beneficially owns approximately 14.1% of the outstanding shares [166]. - The company’s management has broad discretion in the use of existing cash resources, which may not align with shareholder interests [168]. - Average daily cash balances maintained in bank accounts for 2023 were approximately $1.7 billion, with a 100 basis point change in interest rates equating to approximately $9.4 million of net income annually [279].