Financial Data and Key Metrics Changes - The company reported record adjusted revenue of $1,531 million, an increase of 8.4% year-over-year [5][13] - Adjusted diluted earnings per share reached $1.58, up 25.4% from the previous year [5][15] - Adjusted consolidated EBITDA was $599 million, reflecting a 6.5% increase [5][14] - Cash from operating activities for Q4 was $486.6 million, up 25.3% from Q4 2023 [7] - The cash flow conversion percentage was 101% [8] - The company ended the quarter with $567.1 million in cash and cash equivalents and $7 billion in gross debt [16][17] Business Line Data and Key Metrics Changes - Wealth and Investment Technologies grew by 6.8% in Q4, with the Black Diamond wealth platform growing in the mid-teens [10] - The GLOBAP fund administration business saw organic growth of 8% due to new business wins [11] - The Health business exceeded expectations with significant license deals contributing to revenue [24][25] Market Data and Key Metrics Changes - The recurring revenue growth rate for financial services was 7.4% for Q4 and 7.2% for the full year 2024 [7] - The company has a 5% market share in the $22 billion superannuation fund accounts market in Australia [8] Company Strategy and Development Direction - The company is focusing on client service and expects retention rates to remain stable [17] - Plans to manage expenses with a disciplined approach while investing in marketing, sales, and R&D to drive future growth [17] - The company is optimistic about opportunities in Australia and is finalizing a strategic agreement with Insignia Financial [8][46] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the healthcare sector despite challenges, citing strong technology and a solid pipeline [25] - The company anticipates continued organic revenue growth of 5% for 2025, with a focus on new sales and timely implementations [50] - Management noted that the healthcare industry is under pressure to reduce operating expenses, which could drive demand for their solutions [51] Other Important Information - The company revised its full-year 2024 non-GAAP effective tax rate to 23.1%, which is expected to enhance reported adjusted EPS by approximately $0.21 [16] - The company plans to continue evaluating its tax strategy for potential benefits [18] Q&A Session Summary Question: Update on healthcare business client wins and pipeline for 2025 - Management noted significant license deals in Q4 and expressed optimism about the healthcare pipeline, although projecting in this sector can be challenging [24][25] Question: Cross-selling efforts with Batea and revenue opportunity - Management reported 75 active opportunities with current clients, expecting revenue from this segment to grow to $100 million to $110 million in 2025 [26][27] Question: Surprises in Q4 performance and demand environment - Management indicated that several businesses performed better than expected, contributing to stronger overall results [31] Question: Impact of European Commission's decision on corporate reporting - Management acknowledged that less regulation could benefit client growth, which in turn would positively impact the company [34] Question: Investment cycle and organic growth components for 2025 - Management highlighted the importance of large-scale services business and the gradual ramp-up of client payments as key components for sustainable growth [38] Question: Superannuation opportunity in Australia - Management emphasized the potential of the superannuation market in Australia, describing it as a significant opportunity due to the company's existing technology and client base [41][42] Question: Contribution of Insignia Financial deal to 2025 guidance - Management described the Insignia deal as significant but refrained from providing specific revenue contributions, focusing instead on client satisfaction and capabilities [45][46] Question: Automation initiatives and their impact - Management reported substantial savings from automation efforts, with ongoing investments in R&D to drive organic growth [62]

Financial Performance - Q4 2024 GAAP revenue reached $1,529.7 million, an increase of 8.4% compared to Q4 2023[2] - Adjusted revenue for Q4 2024 was $1,530.7 million, also up 8.4% year-over-year[2] - Q4 2024 diluted earnings per share attributable to SS&C was $0.98, reflecting a 27.3% increase from $0.77 in Q4 2023[2] - SS&C achieved a record adjusted consolidated EBITDA of $599.1 million in Q4 2024, up 6.5% from the previous year[4] - Total revenues for Q4 2024 reached $1,529.7 million, a 8.4% increase from $1,411.6 million in Q4 2023[14] - Adjusted operating income for Q4 2024 was $582.9 million, compared to $546.0 million in Q4 2023, marking a 6.7% increase[25] - Net income for Q4 2024 was $248.4 million, up from $194.9 million in Q4 2023, representing a growth of 27.4%[28] - GAAP net income for Q4 2024 was $248.4 million, up from $194.9 million in Q4 2023, representing a 27.4% increase[31] - Adjusted net income for the twelve months ended December 31, 2024, reached $1,377.1 million, compared to $1,187.6 million in 2023, reflecting a 15.9% growth[31] Revenue Breakdown - Software-enabled services revenue was $1,254.0 million, up 9.5% from $1,145.5 million year-over-year[14] - License, maintenance, and related revenue for Q4 2024 was $275.7 million, up from $266.1 million in Q4 2023, reflecting a growth of 3.6%[23] - Q4 2024 adjusted organic revenue growth was 7.0%, with financial services recurring revenue growth at 7.4%[4] - Adjusted revenues for the full year 2024 were $5,885.7 million, up from $5,505.8 million in 2023, reflecting a growth of 6.9%[23] Cash Flow and Assets - The company reported a net cash from operating activities of $1,388.6 million for the twelve months ended December 31, 2024, a 14.3% increase from 2023[5] - Cash flow from operating activities for the year was $1,388.6 million, up from $1,215.1 million in 2023[18] - Total assets increased to $19,044.7 million in 2024, compared to $18,102.5 million in 2023[16] - Cash and cash equivalents at the end of the period were $567.1 million, up from $432.2 million in 2023[19] Shareholder Returns - SS&C repurchased 4.9 million shares for $365.7 million in Q4 2024, at an average price of $74.46 per share[4] - Basic earnings per share attributable to SS&C common stockholders increased to $3.09, compared to $2.45 in the previous year[14] - Adjusted diluted earnings per share attributable to SS&C for Q4 2024 increased to $1.12, compared to $0.95 in Q4 2023[30] - Adjusted diluted earnings per share attributable to common stockholders increased to $1.58 in Q4 2024 from $1.26 in Q4 2023, a rise of 25.4%[31] Liabilities and Equity - Total liabilities increased to $12,435.6 million, compared to $11,704.8 million in 2023[16] - Goodwill rose to $9,218.1 million, an increase from $8,969.5 million year-over-year[16] Guidance and Expectations - For Q1 2025, SS&C expects adjusted revenue between $1,474.0 million and $1,514.0 million[6] - The guidance for FY 2025 adjusted revenue is projected to be between $6,085.0 million and $6,245.0 million[6] Other Financial Metrics - The company reported a comprehensive income of $645.6 million for the year, compared to $730.9 million in 2023[14] - EBITDA for the full year 2024 was $2,025.7 million, compared to $1,997.9 million in 2023, indicating a 1.4% increase[28] - The effective tax rate for adjusted net income was revised to 15.1% for Q4 2024, compared to approximately 26% for the same period in 2023[32] Expenses and Costs - Stock-based compensation expenses increased to $55.4 million in Q4 2024 from $41.9 million in Q4 2023, marking a 32.9% increase[31] - Facilities and workforce restructuring costs were reported at $7.8 million for Q4 2024, down from $14.3 million in Q4 2023, indicating a 45.5% decrease[31] - The company experienced a loss on extinguishment of debt amounting to $1.1 million in Q4 2024, compared to $1.0 million in Q4 2023[31] - The company reported a total amortization of intangible assets of $157.5 million for Q4 2024, slightly up from $151.3 million in Q4 2023[31] Foreign Currency Impact - The company reported foreign currency translation gains of $6.6 million in Q4 2024, compared to losses of $3.9 million in Q4 2023[31] Share Count - The diluted weighted-average shares outstanding were 254.5 million in Q4 2024, slightly up from 252.1 million in Q4 2023[31]

Core Insights - Wall Street analysts expect SS&C Technologies (SSNC) to report quarterly earnings of $1.32 per share, reflecting a year-over-year increase of 4.8% [1] - Revenue projections for SS&C Technologies stand at $1.48 billion, indicating a 5% increase from the previous year [1] - There have been no revisions in the consensus EPS estimate over the last 30 days, suggesting stability in analysts' forecasts [1] Revenue Estimates - Analysts predict 'Revenues- License, maintenance and related' to reach $261.89 million, a decrease of 1.6% from the prior-year quarter [4] - 'Revenues- Software-enabled services' are expected to be $1.22 billion, showing a year-over-year increase of 6.4% [4] - 'Adjusted Revenues- Software-enabled services' are also forecasted at $1.22 billion, reflecting a change of 6.3% from the previous year [4] - The average estimate for 'Adjusted Revenues- License, maintenance and related' is $272.04 million, indicating a 2.2% increase from the year-ago quarter [5] Stock Performance - Over the past month, SS&C Technologies shares have gained 7.7%, outperforming the Zacks S&P 500 composite, which increased by 1% [6] - SS&C Technologies holds a Zacks Rank 3 (Hold), suggesting that its performance is expected to align with the overall market in the near term [6]

Core Insights - SS&C Technologies Holdings, Inc. has acquired FPS Trust Company, enhancing its scalable benefit payment solutions for institutional clients [1][3] - FPS Trust specializes in high-volume beneficiary distributions, paying agent services, and tax processing solutions for institutional trustees and retirement plan administrators [2] - The acquisition will allow SS&C to strengthen its existing partnership with FPS Trust and expand its service offerings, particularly for wealth managers [3] Company Overview - SS&C Technologies is a global provider of services and software for the financial services and healthcare industries, founded in 1986 and headquartered in Windsor, Connecticut [5] - The company serves over 20,000 financial services and healthcare organizations, ranging from large corporations to small and mid-market firms [5] Industry Context - IPX Retirement, the seller of FPS Trust, is a leading provider of trust, custody, IRA, and recordkeeping services to the retirement plan industry, emphasizing a multi-vendor approach [4]

SS&C survey of 400+ global M&A professionals signals bullish market sentiment WINDSOR, Conn., Jan. 23, 2025 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced the publication of the SS&C Intralinks 2025 Global M&A Dealmakers Sentiment Report. In association with Reuters, SS&C Intralinks surveyed 419 global M&A dealmakers from private equity firms, corporates advisory firms and investment banks to see where the market is heading. "With Wall Street banks reporting stronger earning ...

WINDSOR, Conn., Jan. 16, 2025 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced Q1 2025 global and regional predictions from the SS&C Intralinks Deal Flow Predictor, a quarterly publication of future mergers and acquisitions (M&A) announcements. "The global mergers and acquisitions (M&A) market continues to navigate a landscape shaped by persistent economic challenges and opportunities," said Bob Petrocchi, co-head of SS&C Intralinks. "With the U.S. elections in the rearview mi ...

SS&C GlobeOp Hedge Fund Performance Index: December performance -0.10Capital Movement Index:  January net flows decline 1.48%WINDSOR, Conn., Jan. 15, 2025 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced the gross return of the SS&C GlobeOp Hedge Fund Performance Index for December 2024 measured -0.10%.Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.48% in January. SS&C GlobeOp Hedge Fund Performance Index SS&C GlobeOp Capital Movement ...

Core Viewpoint - SS&C Technologies Holdings, Inc. will announce its financial results for Q4 and the full year of 2024 on February 6, 2025, after market close, with a conference call scheduled for the same day to discuss the results and guidance for 2025 [1]. Group 1: Financial Results Announcement - The financial results for the fourth quarter and full year ended December 31, 2024, will be released on February 6, 2025 [2]. - The earnings conference call will take place at 5:00 p.m. Eastern Time on February 6, 2025 [1][2]. Group 2: Accessing Information - The earnings release will be available on PR Newswire and SS&C's website [2]. - A live webcast of the earnings conference call will be accessible in the Investor Relations section of SS&C's website, with a replay available afterward [3]. Group 3: Company Overview - SS&C Technologies is a global provider of financial services and healthcare software and software-enabled services, founded in 1986 and headquartered in Windsor, Connecticut [4]. - The company serves approximately 20,000 financial services and healthcare organizations, ranging from large corporations to small and mid-market firms [4].

Group 1: Company Overview - SS&C Technologies Holdings, Inc. is a global provider of services and software for the financial services and healthcare industries, founded in 1986 and headquartered in Windsor, Connecticut [3] - The company serves approximately 20,000 financial services and healthcare organizations, ranging from the largest companies to small and mid-market firms, relying on SS&C for expertise, scale, and technology [3] Group 2: Recent Developments - SS&C announced new SaaS releases covering alternative investment managers, including enhancements to platforms such as Geneva, OEMS, and Eclipse [4] - The latest release of SS&C Geneva® introduces enhancements for credit, derivatives, and legal entity and investor accounting, including a new Loan Servicing Workspace and an Investor Fee Builder [1][4] Group 3: Product Enhancements - Expanded fixed income trading capabilities include connectivity to platforms like Tradeweb and Bloomberg, improved swap management, and native support for MBS, ABS, and CDS [2] - New features include simplified trading workflows, faster order routing with up to 20 quick-send buttons, and an expanded Eze Marketplace for risk management and data analytics [2] - Additional enhancements focus on swap financing, separate PIK schedules for credit contracts, managed migrations for seamless upgrades, and improvements in system performance [5][6]

Core Viewpoint - The Principal Real Estate Income Fund has approved a share repurchase program aimed at enhancing shareholder value by purchasing up to approximately 2.1% of its outstanding common shares from January 21, 2025, to January 21, 2026 [1][2]. Group 1: Share Repurchase Program - The Fund's share repurchase program allows it to acquire shares in the open market at a discount to the net asset value (NAV), which is expected to increase the NAV and benefit remaining shareholders [2]. - The program will be implemented on a discretionary basis under the direction of ALPS Advisors, Inc., with no assurance of specific discount levels or amounts for share purchases [3]. Group 2: Strategic Goals - The Board and the Advisor are continuously analyzing options to enhance shareholder value and reduce the discount between the market price of the Fund's shares and the NAV [2]. - The repurchase program is part of a broader strategy to provide additional liquidity in the trading of the Fund's shares while benefiting existing shareholders [2]. Group 3: Fund Management - ALPS Advisors, Inc. serves as the investment adviser to the Fund, while Principal Real Estate Investors LLC acts as the investment sub-adviser [9]. - As of September 30, 2024, Principal Real Estate Investors manages or sub-advises $102 billion in commercial real estate assets, indicating a strong management background [13].