QUOTE AND NEWS
Forbes  May 11  Comment 
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in PVH Corp (NYSE: PVH), where a total of 20,463 contracts have traded so far, representing approximately 2.0 million underlying shares. That...
Benzinga  Mar 29  Comment 
Analysts at Morgan Stanley initiated coverage on SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) with a Equal-weight rating. The target price for SS&C Technologies is set to $68. SS&C Technologies shares closed at $61.93 on Monday. Pacific...
Benzinga  Mar 28  Comment 
Shares of SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) have lost nearly 10 percent since the start of 2016. Brian Essex of Morgan Stanley initiated coverage of SS&C Technologies with an Equal-weight holding and $68 price target. The...
Forbes  Mar 1  Comment 
Looking at the universe of stocks we cover at Dividend Channel, on 3/3/16, SS&C Technologies Holdings, Inc. (NASD: SSNC), Waste Management, Inc. (NYSE: WM), and BWX Technologies inc (NYSE: BWXT) will all trade ex-dividend for their respective...
Motley Fool  Feb 12  Comment 
But the financial services software company also turned in light guidance after a decent fourth quarter. Here's what investors need to know.




 
TOP CONTRIBUTORS

SS&C Technologies (SSNC) (NASDAQ:SSNC) provides software and software services for financial services companies to automatize its business processes. These services allow financial services firms to integrate front office work, such as trading and modeling, middle office work, such as portfolio management, and back office work, such as accounting, processing and clearing. SS&C Technologies has a contractually reoccurring revenue model, and it has grown from representing 52% of total revenue in 2000 to 85% of total revenue in 2009. The customer base is highly diversified, and the largest customer only represents 5% of total revenue. [1]

After the financial crisis, financial service firms are required to be transparent due to increased government regulations and investors' demands. Since the financial services firms revenues decreased from the declined asset values, SS&C Technologies' service to automatize financial services business processes reduces expenses in the long-haul and increases transparency by having a database to provide investors any documents. [1]

The company's initial public offering of stock filed on the NASDAQ exchange on 29 December 2009. The proposed offer price range is $13.00-$15.00. The company is offering 4.4 million shares and raising $61 million. [1]

For the FY2009 with year ended 31 December 2009, the company reported $270.9 million in total revenue, down 3.4% from $280.0 million of net revenue in 2008. Furthermore, it reported a net income of $19.0 million in 2009, up 1.0% from a net income of $18.8 million in the previous year. The revenue was distributed with 8% in software licences, 24% in maintenance, 8% in professional services, and 60% in software enabled services. In addition, 79% of total revenue is from North America. [1]

References

  1. 1.0 1.1 1.2 1.3 SS&C Technologies S-1/A
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