SS&C Technologies stock hits 52-week high at $81.8

Published 31/01/2025, 18:44
SS&C Technologies stock hits 52-week high at $81.8

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) stock has reached a new 52-week high, trading at $81.8, marking a significant milestone for the company’s shares. This peak reflects a robust year-over-year growth, with SS&C Technologies showcasing an impressive 33.21% increase in stock value over the past year. Investors have shown increased confidence in the company’s performance and future prospects, contributing to the stock’s upward trajectory and its current standing at the top of its 52-week range. The financial software and services provider continues to benefit from strong demand for its offerings, which is reflected in the stock’s substantial appreciation.

In other recent news, SS&C Technologies unveiled new software-as-a-service updates for alternative investment managers, enhancing platforms such as Geneva, OEMS, and Eclipse. These updates aim to provide scalable solutions tailored to the global market, emphasizing efficiency in credit, derivatives, and investor accounting management. The company reported a robust financial performance in its third-quarter earnings call, noting a record adjusted revenue of $1,466.8 million, a 7.3% increase from the previous year, and a 10.3% rise in adjusted diluted earnings per share to $1.29.

SS&C Technologies also renewed its partnership with Omnis Investments Limited, a U.K. asset manager overseeing more than GBP10 billion. This extension of their transfer agency relationship will continue to support Omnis’s suite of mutual funds. RBC Capital Markets has identified SS&C Technologies as one of its top five investment ideas for fiscal year 2025.

In related developments, Western Union (NYSE:WU) Co. reported a solid third quarter in 2024, with revenue reaching $1.040 billion, a 1% adjusted revenue growth. The company’s digital transactions saw a significant increase of 15%, and the Consumer Money Transfer segment also experienced a 4% rise in transactions. Western Union is enhancing its digital presence through strategic acquisitions in Singapore and Mexico, progressing well with its Evolve 2025 strategy, targeting a flat to positive 2% revenue growth by 2025.

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