Group 1 - SS&C Technologies Holdings, Inc. announced a definitive agreement to acquire Battea-Class Action Services, LLC for approximately $670 million, with the acquisition expected to close this year [1][2] - Battea-Class Action Services is a market leader in securities class action claims management, serving over 900 banks, asset managers, hedge funds, and proprietary trading firms [1][4] - The acquisition will enhance SS&C's capabilities in financial recovery services, including litigation research, data collection, claims filing, and award processing [2][3] Group 2 - The Battea Claims Engine™ monitors 700-800 cases in litigation and 340 settlements in payout, with a research library containing over 8,000 historical cases for back testing [2] - SS&C's Chairman and CEO expressed confidence that the acquisition will empower clients by combining SS&C's trade data aggregation capabilities with Battea's expertise [3] - Battea has been a global leader in settlement claims processing for over 20 years, helping clients navigate complex litigation settlement processes [4]

DENVER, Sept. 10, 2024 /PRNewswire/ -- SS&C ALPS Advisors, a wholly-owned subsidiary of SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), today announced that the ALPS Global Travel Beneficiaries ETF (NYSE ARCA: JRNY) (the "Fund") will close to new investors on October 16, 2024 and liquidate on October 18, 2024. The decision to close the Fund was made by the ALPS ETF Trust's Board of Trustees upon the recommendation of ALPS Advisors, Inc., the investment adviser to the Fund. Following consideration of the Fu ...

WINDSOR, Conn., Sept. 4, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services and healthcare software and software-enabled services, will host an Analyst Day event on Wednesday afternoon, September 18, 2024 at the Nasdaq MarketSite in New York. This event is designed to provide insight into SS&C's strategic outlook, including business unit and technology updates, and a financial overview. This invite-only event will feature presentations from Bill Sto ...

Due diligence length and complexity doubles for private targets vs. public ones. Post this Key findings from the report include: The average due diligence period, from VDR opening to the public announcement of a deal, takes 234 days for a private target versus 125 days for a public one. In the last decade, the pre-announcement due diligence period has stretched to 203 days from 124 days in 2014. On average, private targets upload 7,583 files to a VDR versus 4,896 documents for a public deal. For medium-size ...

Core Insights - SS&C Technologies has shown strong stock performance, with a 17.6% increase over the past month and a 20.2% gain since the beginning of the year, outperforming both the Zacks Computer and Technology sector and the Zacks Computer - Software industry [8]. Valuation Metrics - For the current fiscal year, SS&C Technologies is projected to achieve earnings of $5.18 per share on revenues of $5.81 billion, reflecting a 12.36% increase in EPS and a 5.49% increase in revenues [11]. - The stock currently trades at 14.2 times the current fiscal year EPS estimates, significantly lower than the peer industry average of 30 times [12]. - On a trailing cash flow basis, SS&C Technologies trades at 10.5 times, compared to the peer group's average of 25.8 times, indicating a lower valuation relative to its peers [12]. Earnings Performance - SS&C Technologies has a strong record of positive earnings surprises, having met or exceeded earnings consensus estimates in the last four quarters. In the latest earnings report on July 25, 2024, the company reported EPS of $1.27 against a consensus estimate of $1.21 [6]. Zacks Rank and Style Scores - The company holds a Zacks Rank of 2 (Buy) due to rising earnings estimates, which is a positive indicator for potential future performance [10]. - SS&C Technologies has a Value Score of C, a Growth Score of C, and a Momentum Score of B, resulting in a combined VGM Score of B, suggesting it is a suitable candidate for investors looking for stocks with strong potential [7][5].

Core Insights - SS&C Technologies positions itself as a reliable partner amidst ongoing regulatory and political changes, emphasizing its commitment to delivering innovative solutions through intelligent automation [1] - The upcoming SS&C Deliver Conference in New Orleans is expected to attract over 1,000 professionals from the financial and healthcare sectors, featuring more than 70 breakout sessions and various learning opportunities [2] - SS&C offers early bird pricing for the SS&C Deliver event, encouraging early registration for attendees [3] Company Overview - SS&C Technologies, founded in 1986 and headquartered in Windsor, Connecticut, is a global provider of services and software for the financial services and healthcare industries [3] - The company serves approximately 20,000 organizations, ranging from large corporations to small and mid-market firms, highlighting its expertise, scale, and technological capabilities [3]

Core Insights - SS&C Technologies reported revenue of $1.45 billion for the quarter ended June 2024, marking a year-over-year increase of 6.5% and an EPS of $1.27 compared to $1.08 a year ago [1] Revenue Breakdown - License, maintenance, and related revenues were $259.10 million, slightly below the average estimate of $261.64 million, reflecting a year-over-year change of +1.2% [4] - Software-enabled services revenues reached $1.19 billion, exceeding the average estimate of $1.18 billion, with a year-over-year increase of +7.8% [4] - Adjusted revenues for software-enabled services were also $1.19 billion, consistent with estimates and showing a +7.8% change year-over-year [4] - Adjusted revenues for license, maintenance, and related were $259.10 million, compared to an average estimate of $261.96 million, indicating a +1.2% year-over-year change [4] Performance Against Estimates - The reported revenue of $1.45 billion surpassed the Zacks Consensus Estimate of $1.44 billion, resulting in a surprise of +1.13% [5] - The company achieved an EPS surprise of +4.96%, with the consensus EPS estimate being $1.21 [5] Stock Performance - SS&C Technologies shares have returned +8.4% over the past month, contrasting with the Zacks S&P 500 composite's -0.3% change [6] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [6]

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Q2 2024 Earnings Conference Call July 25, 2024 5:00 PM ET Company Participants 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 Daniel Perlin - RBC Capital Markets Andrew Schmidt - Citigroup Peter Heckmann - D.A. Davidson & Co. Alexei Gogolev - J.P. Morgan Surinder Thind - Jefferies James Faucette - Morgan Stanley Kevin McVeigh - UBS Operator Ladies ...

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 ...

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% | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------------|------------------------------|------------------|-----------|---------- ...