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SS&C(SSNC) - 2024 Q2 - Quarterly Report
2024-08-01 12:08
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 June 30, 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) Delaware 71-0987913 (State or other jurisdiction ...
SS&C Technologies (SSNC) Upgraded to Buy: Here's What You Should Know
ZACKS· 2024-07-31 17:01
Investors might want to bet on SS&C Technologies (SSNC) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. The power of ...
SS&C Technologies Holdings, Inc. (SSNC) Hit a 52 Week High, Can the Run Continue?
ZACKS· 2024-07-31 14:15
Valuation Metrics Zacks Rank What's Driving the Outperformance? On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank s ...
Financier and Philanthropist David Rubenstein to Headline SS&C Deliver 2024 Conference
Prnewswire· 2024-07-29 13:00
Post this "In a year of constant regulatory and political change, SS&C stands as a steadfast partner," said Bill Stone. "We continue to deliver innovative solutions powered by intelligent automation to help our clients keep ahead of their growing needs. This conference will share invaluable insights and show how SS&C's innovations can transform and elevate our clients' businesses. I am excited about the opportunity to connect in New Orleans." About SS&C Technologies Additional information about SS&C (Nasdaq ...
SS&C Technologies (SSNC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-07-26 00:00
SS&C Technologies (SSNC) reported $1.45 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 6.5%. EPS of $1.27 for the same period compares to $1.08 a year ago. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. View all Key Company Metrics for SS&C Technologies here>>> While investors closely watch year-over-year changes ...
SS&C(SSNC) - 2024 Q2 - Earnings Call Transcript
2024-07-25 22:55
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Q2 2024 Earnings Conference Call July 25, 2024 5:00 PM ET Justine Stone - Head of IR William Stone - Chairman of the Board and CEO Rahul Kanwar - President and COO Brian Schell - EVP and CFO Conference Call Participants Operator I will now hand today's call over to Justine Stone, Head of Investor Relations. Please go ahead. Justine Stone Before we get started, we need to review the Safe Harbor Statement. Please note the various remarks we make today about futur ...
SS&C Technologies (SSNC) Q2 Earnings and Revenues Surpass Estimates
ZACKS· 2024-07-25 22:25
SS&C Technologies (SSNC) came out with quarterly earnings of $1.27 per share, beating the Zacks Consensus Estimate of $1.21 per share. This compares to earnings of $1.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4.96%. A quarter ago, it was expected that this financial services software maker would post earnings of $1.22 per share when it actually produced earnings of $1.28, delivering a surprise of 4.92%. Over the last ...
SS&C(SSNC) - 2024 Q2 - Earnings Call Presentation
2024-07-25 21:18
2) Investment gains includes unrealized fair value adjustments of investments. In prior periods, investment gains also included dividend income received on investments. Prior period amounts have been revised for consistent presentation. 6) In 2021, we entered into a joint venture named DomaniRx, LLC in which we are the majority interest holder and primary beneficiary. As such, we consolidate DomaniRx, LLC as a variable interest entity. Adjusted net income attributable to noncontrolling interest represents a ...
SS&C(SSNC) - 2024 Q2 - Quarterly Results
2024-07-25 20:14
Exhibit 99.1 SS&C Technologies Releases Q2 2024 Earnings Results, Announces $1 Billion Common Stock Repurchase Program Q2 2024 GAAP revenue $1,451.5 million, up 6.5%, Fully Diluted GAAP Earnings Per Share $0.75, up 47.1% Record Adjusted revenue $1,452.4 million, up 6.5%, Adjusted Diluted Earnings Per Share $1.27, up 17.6% | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------------|------------------------------|------------------|-----------|---------- ...
SS&C Technologies Releases Q2 2024 Earnings Results, Announces $1 Billion Common Stock Repurchase Program
Prnewswire· 2024-07-25 20:05
Financial Performance - Q2 2024 GAAP revenue increased by 6.5% to $1,451.5 million compared to Q2 2023 [2][3] - Adjusted revenue for Q2 2024 also grew by 6.5% to $1,452.4 million [2][3] - GAAP operating income margin improved to 22.6% in Q2 2024, up 140 basis points from Q2 2023 [2][3] - Adjusted consolidated EBITDA margin reached 38.5% in Q2 2024, a 170 basis point increase [2][3] - GAAP net income attributable to SS&C surged 45.6% to $190.3 million in Q2 2024 [2][3] Share Repurchase and Capital Allocation - The company repurchased 3.7 million shares for $227.0 million in Q2 2024, marking the highest quarterly buyback in its history [3] - SS&C announced a new $1 billion common stock repurchase program, renewing its capital allocation strategy [10] - The repurchase program allows for open market purchases, privately negotiated transactions, and Rule 10b5-1 plans [11] Operational Highlights - Adjusted organic revenue growth was 6.4% in Q2 2024, with financial services recurring revenue growing 7.7% [3] - The company generated $565.4 million in operating cash flow for the first six months of 2024, a 3.2% decrease from the same period in 2023 [9] - SS&C ended Q2 2024 with $462.7 million in cash and cash equivalents and $6,653.1 million in gross debt [9] Guidance and Future Outlook - For Q3 2024, the company expects adjusted revenue between $1,420.0 million and $1,460.0 million [12] - Full-year 2024 guidance projects adjusted revenue in the range of $5,706.2 million to $5,866.2 million [12] - Adjusted diluted earnings per share for FY 2024 are forecasted between $4.98 and $5.22 [12] Industry and Market Position - SS&C serves approximately 20,000 financial services and healthcare organizations globally, ranging from large corporations to small and mid-market firms [15] - The company's software-enabled services revenue reached $1,192.4 million in Q2 2024, representing the majority of total revenue [16] - SS&C maintains a strong position in the financial services software market, with recurring revenue growth indicating stable demand [3]