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

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]

"A major initiative this year is continuing to build on our successful collaborations between SS&C Advent, SS&C Eze, and other teams within SS&C Technologies, particularly SS&C GlobeOp. These projects are already delivering exciting new solutions and capabilities coming to market," said Karen Geiger, Co-General Manager of SS&C Advent. "Our positive, entrepreneurial culture keeps our innovators motivated and curious, resulting in cutting-edge technology and services to enable our clients to focus on their co ...

Mixed signals outside of North America as economic uncertainty and cautious optimism permeate sentiment WINDSOR, Conn., July 18, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced Q3 2024 global and regional predictions from the SS&C Intralinks Deal Flow Predictor, a quarterly publication of future mergers and acquisitions (M&A) announcements. "In the first half of the year, M&A market conditions were influenced by the anticipation of declining interest rates, ongoing geopo ...

DENVER, July 11, 2024 /PRNewswire/ -- SS&C ALPS Advisors, a wholly-owned subsidiary of SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), has partnered with CoreCommodity Management to launch the ALPS | CoreCommodity Natural Resources ETF (Nasdaq: CCNR) (the "Fund"). "This commodity-oriented equity ETF offers a strategic gateway to global economic shifts and natural resource dynamics, providing investors with a potential hedge against inflation and participation in equity returns," said Laton Spahr*, Portfoli ...