SSNC · SS&C Technologies Holdings

183 filings

8-K

SSNC 8-K Current Reports

SS&C Technologies Holdings - 183 current reports

Filing record · 2016–202610-K1210-Q328-K107

Showing 1-50 of 183 filings

8-K

Earnings & ResultsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Financial Results (Oct 22, 2026)

SS&C Technologies Holdings, Inc. reported third-quarter 2026 results for the quarter ended September 30, 2026. GAAP revenue was $1,690.0 million, up 7.8%, and adjusted revenue was $1,691.1 million, also up 7.8%. Adjusted Q3 organic revenue growth was 5.2%. GAAP operating income rose 11.9% to $409.3 million, with GAAP net income of $198.9 million (down 5.3%) and GAAP diluted EPS flat at $0.83. Adjusted diluted EPS was $1.78, up 14.8%, and adjusted consolidated EBITDA was a record $674.8 million, up 9.0%, at a 39.9% margin. Cash generation remained strong, with net cash from operating activities of $1,216.3 million for the nine months ended September 30, 2026, up 10.4%. The company returned $225.3 million to shareholders in the quarter, including $154.8 million of buybacks and $70.5 million of dividends, and paid down $130.0 million of debt. Net leverage was 2.63 times. The balance sheet shows $2,260.0 million of current debt, which includes $2.0 billion of Senior Notes maturing September 30, 2027; the company states it believes refinancing is probable in the fourth quarter of 2026. management raised full-year 2026 guidance for adjusted revenue to $6,736–$6,776 million and adjusted diluted EPS to $7.11–$7.17, up from the July 23, 2026 ranges of $6,672–$6,832 million and $6.93–$7.25. Full-year interest expense guidance was raised to $417–$419 million, and the quarterly dividend was increased 11.1% in August to $1.20 annually.

Oct 22, 2026 8-K

Earnings & ResultsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Financial Results (Jul 23, 2026)

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) reported record second-quarter 2026 results, furnished under Item 2.02 of this Form 8-K. GAAP revenue was $1,695.7 million, up 10.3%, and GAAP diluted earnings per share were $0.97, up 34.7%. Adjusted revenue was $1,696.9 million, up 10.3%, Adjusted Organic Revenue Growth was 7.6%, and Adjusted Diluted EPS was $1.76, up 18.1%. Adjusted consolidated EBITDA was $670.7 million, up 11.7%, with a margin of 39.5%. GAAP operating income rose 21.1% to $417.1 million and GAAP net income attributable to common stockholders rose 29.9% to $234.8 million. Cash generation and capital return remained strong. Net cash from operating activities was $716.4 million for the six months ended June 30, 2026, up 11.1%. In the quarter, the company returned $499.2 million to shareholders, including a record 6.4 million shares repurchased for $435.2 million and $64.0 million in dividends. Gross debt was $7,613.5 million against cash of $434.8 million at quarter-end, with a consolidated net leverage ratio of 2.75 times and a net secured leverage ratio of 1.70 times consolidated EBITDA. For the third quarter of 2026, the company guides to Adjusted Revenue of $1,657 to $1,697 million and Adjusted Diluted EPS of $1.73 to $1.79. Full-year 2026 guidance was raised: Adjusted Revenue is now $6,672 to $6,832 million (previously $6,664 to $6,824 million), and Adjusted Diluted EPS is $6.93 to $7.25 (previously $6.74 to $7.06). Full-year Cash from Operating Activities is guided to $1,717 to $1,817 million.

Jul 23, 2026 8-K

Leadership ChangesShareholder MattersOther Events+1

SS&C Technologies Holdings 8-K Report, Executive Changes (May 22, 2026)

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) filed this Current Report on Form 8-K dated May 22, 2026, covering three items: the results of its May 20, 2026 Annual Meeting of Stockholders, a renewed stock repurchase program, and a quarterly dividend. Stockholders approved the Third Amended and Restated 2023 Stock Incentive Plan, which increases the shares reserved for issuance by 10,000,000 shares of common stock. The Board had approved that plan on March 11, 2026, subject to stockholder approval. Stockholders also elected Normand A. Boulanger, David A. Varsano and Michael J. Zamkow as Class I directors with terms expiring at the 2029 annual meeting, approved the non-binding advisory say-on-pay vote, and ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for fiscal 2026. On May 21, 2026, the Board authorized a renewal and increase of the stock repurchase program to up to $1.5 billion in aggregate of outstanding common stock. Repurchases may be made on the open market, in privately negotiated transactions, or through other legally permissible means, including under a Rule 10b5-1 plan, and the program may be suspended or discontinued at any time. Authority continues until the one-year anniversary of the Board's authorization unless terminated earlier. The Board also approved a quarterly dividend of $0.27 per share, payable June 15, 2026 to holders of record at the close of business on June 1, 2026. In the accompanying press release, Chairman and CEO Bill Stone said the company believes the current share price undervalues its financial strength and future prospects, and that capital allocation will prioritize shareholder value through dividends, opportunistic buybacks and debt paydown, while keeping flexibility for accretive acquisitions.

May 22, 2026 8-K

Earnings & ResultsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Financial Results (Apr 23, 2026)

SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) reported first-quarter 2026 results for the period ended March 31, 2026, as furnished in Exhibits 99.1 and 99.2 to this Form 8-K. GAAP revenue was $1,647.1 million, up 8.8% from $1,513.9 million, while GAAP net income attributable to common stockholders was $226.1 million, up 6.2%, and GAAP diluted earnings per share was $0.91, up 8.3%. Adjusted revenue was $1,648.2 million, up 8.8%, and Adjusted Organic Revenue Growth was 5.0%. Adjusted diluted earnings per share was $1.69, up 14.2%, and adjusted consolidated EBITDA was $651.0 million, up 10.0%, with an adjusted consolidated EBITDA margin of 39.5%. Cash generation and capital returns were also reported. Net cash from operating activities was $299.7 million, up 10.1%. The company ended the quarter with $420.9 million in cash and cash equivalents and $7,468.6 million in gross debt, with a consolidated net leverage ratio of 2.76 times and a net secured leverage ratio of 1.69 times. During the quarter, SS&C returned $233.3 million to shareholders, including $168.0 million of share repurchases (2.3 million shares) and $65.3 million of dividends. For the outlook, the company guided second-quarter 2026 adjusted revenue to $1,640 to $1,680 million and adjusted diluted EPS to $1.64 to $1.70. Full-year 2026 guidance calls for adjusted revenue of $6,664 to $6,824 million and adjusted diluted EPS of $6.74 to $7.06, compared with prior guidance as of February 5, 2026 of $6,654 to $6,814 million and $6.70 to $7.02. The company also announced the launch of Blue Prism WorkHQ, an AI orchestration platform, on April 28, 2026.

Apr 23, 2026 8-K

Earnings & ResultsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Financial Results (Feb 5, 2026)

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) furnished its results for the quarter and fiscal year ended December 31, 2025 under Item 2.02 of this Form 8-K. Fourth-quarter GAAP revenue was $1,653.5 million, up 8.1%, and adjusted revenue was a record $1,654.6 million, also up 8.1%. Fourth-quarter fully diluted GAAP EPS was $0.77, down 21.4%, while adjusted diluted EPS was $1.69, up 18.2%. For the full year, GAAP revenue was $6,272.2 million, up 6.6%, and adjusted consolidated EBITDA attributable to SS&C was $2,462.3 million, up 7.9%. Cash generation was strong: net cash from operating activities was $1,744.8 million for 2025, up 25.7%. The company ended the year with $462.1 million in cash and cash equivalents and $7,473.2 million in gross debt, with a consolidated net leverage ratio of 2.80 times and a net secured leverage ratio of 1.70 times. In 2025 it purchased 12.3 million shares at an average price of $84.12, returning over $1 billion through repurchases. For 2026, guidance calls for adjusted revenue of $6,654 to $6,814 million, adjusted net income attributable to SS&C of $1,662 to $1,762 million, and adjusted diluted EPS of $6.70 to $7.02. Management also stated that AI advancements are reshaping the vertical software landscape and that its proprietary technology creates a protective moat.

Feb 5, 2026 8-K

Earnings & ResultsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Financial Results (Oct 23, 2025)

SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) reported third-quarter 2025 results on October 23, 2025, furnished as Exhibits 99.1 (press release) and 99.2 (earnings presentation). GAAP revenue was $1,568.0 million, up 7.0%, and fully diluted GAAP EPS was $0.83, up 27.7%. Adjusted revenue was a record $1,569.0 million, up 7.0%, and adjusted diluted EPS was $1.57, up 17.2%. Adjusted consolidated EBITDA attributable to SS&C was $619.0 million, up 9.3%, at a 39.5% margin. Q3 adjusted organic revenue growth was 5.2%, and Financial Services recurring revenue growth was 6.7%. Cash generation and capital returns were also highlighted. Net cash from operating activities for the nine months ended September 30, 2025 was $1,101.3 million, up 22.1%. The company returned $305.9 million to shareholders in Q3, including $240.1 million in share repurchases and $65.8 million in dividends, and raised its annual common stock dividend to $1.08, an 8.0% increase. At quarter end, the company held $388.3 million of cash and $6,628.1 million of gross debt, with a consolidated net leverage ratio of 2.59 times. Management stated that the company is paying down debt and repurchasing shares. For the outlook, the company guided fourth-quarter 2025 adjusted revenue to $1,590 to $1,630 million and full-year 2025 adjusted revenue to $6,210 to $6,250 million. Full-year adjusted diluted EPS is guided to $6.02 to $6.08. The filing also notes the completed acquisition of Calastone on October 14, 2025, for approximately $1.03 billion, and the announced acquisition of Curo Fund Services, expected to close in Q4 2025.

Oct 23, 2025 8-K

Acquisitions & DispositionsMaterial AgreementsFinancial Events+2

SS&C Technologies Holdings 8-K Report, Material Agreement (Oct 14, 2025)

On October 14, 2025, SS&C Technologies Holdings, Inc. completed its previously announced acquisition of Colossus Topco Limited, the parent company of Calastone Limited, a global funds network and technology solutions provider to the wealth and asset management industries. The press release attached as Exhibit 99.1 states the purchase price is approximately £766 million (approximately US $1.03 billion), subject to certain adjustments, and that the transaction is expected to be accretive over the next 12 months. To finance the acquisition, SS&C Technologies, Inc. entered into an Incremental Joinder to its Credit Agreement dated April 16, 2018 and borrowed $1,050 million of incremental term B-8 loans. The loans are a fungible increase to existing term B-8 loans, mature on May 9, 2031, and bear interest at either the Base Rate plus 1.00% or the Term SOFR Rate plus 2.00% at the company's option. Net proceeds were used to finance the acquisition, related fees and expenses, and for working capital and general corporate purposes. According to the press release, Calastone's approximately 250 employees join SS&C Global Investor & Distribution Solutions, reporting to General Manager Nick Wright. The company states that Calastone's technology complements SS&C's offerings in fund administration, transfer agency, and AI and intelligent automation, and that the combined team will deliver a unified, real-time operating platform.

Oct 14, 2025 8-K

Earnings & ResultsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Financial Results (Jul 23, 2025)

SS&C Technologies Holdings, Inc. reported results for the quarter ended June 30, 2025 in a Form 8-K furnished under Item 2.02. GAAP revenue was $1,536.8 million, up 5.9% from $1,451.5 million, while fully diluted GAAP EPS was $0.72, down 4.0% from $0.75. Net income attributable to SS&C was $180.8 million, down 5.0%. The company described record adjusted revenue of $1,537.8 million (up 5.9%) and record adjusted consolidated EBITDA attributable to SS&C of $600.4 million (up 7.4%), with adjusted diluted EPS of $1.45, up 9.8%. Adjusted organic revenue growth was 3.5%, and Financial Services recurring revenue growth was 3.9%. Cash generation and capital returns were highlighted. Net cash from operating activities was $645.1 million for the six months ended June 30, 2025, up 14.1%. The company repurchased 3.4 million shares for $269.0 million in the quarter at an average price of $77.99. Cash and cash equivalents ended the quarter at $480.3 million against $6,858.4 million of gross debt, with a consolidated net leverage ratio of 2.72 times and a net secured leverage ratio of 1.55 times. Management also announced a definitive agreement to acquire Calastone, a global funds network, for approximately $1.03 billion, with closing expected in Q4 2025. Guidance for full-year 2025 adjusted revenue is $6,143.0 million to $6,243.0 million, and adjusted diluted EPS is $5.82 to $6.06.

Jul 23, 2025 8-K

Other EventsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Corporate Update (Jul 21, 2025)

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced on July 21, 2025 that a wholly-owned subsidiary has entered into a definitive agreement to acquire Colossus Topco Limited, the parent company of Calastone Limited, from global investment firm Carlyle. Calastone is described as the largest global funds network and a provider of technology solutions to the wealth and asset management industries, connecting more than 4,500 financial organizations across 57 markets. The purchase price is approximately £766 million (approximately US $1.03 billion), subject to certain adjustments. The acquisition is expected to close in Q4 2025, subject to regulatory approvals. SS&C expects the deal to be accretive within 12 months and plans to fund it with a combination of debt and cash on hand. The Company intends to borrow, on an uncommitted basis and subject to market and other conditions, funds to finance all or a portion of the cash consideration, pay related expenses, and, if applicable, for general corporate purposes. Management states the acquisition strengthens SS&C's investment operations offerings and geographic expansion, with Calastone's more than 250 staff expected to join SS&C Global Investor & Distribution Solutions, reporting to General Manager Nick Wright.

Jul 21, 2025 8-K

Leadership ChangesShareholder MattersOther Events+1

SS&C Technologies Holdings 8-K Report, Executive Changes (May 22, 2025)

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) reported three main actions in this Form 8-K, all tied to its May 21, 2025 Annual Meeting of Stockholders and a May 22, 2025 press release. The Board authorized a renewal and increase of its stock repurchase program to up to $1.5 billion in aggregate of outstanding common stock. The press release describes this as a 50% increase in authorization compared to last year. Repurchases may be made on the open market, in privately negotiated transactions, or through other legally permissible means, and may be made under a Rule 10b5-1 plan. The program may be suspended or discontinued at any time, and authority continues until the one-year anniversary of the Board's authorization unless terminated earlier. Stockholders approved the Second Amended and Restated 2023 Stock Incentive Plan, which increases the number of shares reserved for issuance by 6,000,000 shares of common stock. The Board had approved the plan on March 31, 2025, subject to stockholder approval. Stockholders also re-elected Class III directors Smita Conjeevaram, William C. Stone and Francesco Vanni d'Archirafi to terms expiring at the 2028 annual meeting, approved the non-binding advisory vote on named executive officer compensation, and ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for fiscal 2025. The Board also approved a quarterly dividend of $0.25 per share, consistent with its dividend policy, payable June 16, 2025 to stockholders of record as of the close of business on June 2, 2025. In the press release, Chairman and CEO Bill Stone said the company believes the current share price undervalues its financial strength and future prospects, and that it will use cash flow to opportunistically repurchase stock and pay down debt while keeping flexibility for high-quality acquisitions.

May 22, 2025 8-K

Earnings & ResultsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Financial Results (Apr 24, 2025)

SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) furnished its first-quarter 2025 results under Item 2.02 of this Form 8-K, dated April 24, 2025. GAAP revenue was $1,513.9 million, up 5.5%, and adjusted revenue was $1,514.8 million, up 5.5%. GAAP operating income rose to $357.9 million from $332.9 million, and diluted GAAP earnings per share attributable to SS&C were $0.84, up 35.5%. Adjusted diluted earnings per share were $1.44, up 8.3%, and adjusted consolidated EBITDA attributable to SS&C was $591.9 million, up 6.3%, with a 39.1% adjusted EBITDA margin. Management described both adjusted revenue and adjusted consolidated EBITDA as first-quarter record results. Cash generation and balance sheet activity were strong. Net cash from operating activities was $272.2 million, up 50.8% from $180.5 million. The company repurchased 2.4 million shares for $206.9 million at an average price of $87.21 and paid down $155.0 million of debt. The consolidated net leverage ratio was 2.74 times consolidated EBITDA attributable to SS&C, and the net secured leverage ratio was 1.57 times. Gross debt was $6,892.8 million and cash and cash equivalents were $515.0 million as of March 31, 2025. For 2025, the company guided full-year adjusted revenue of $6,118.0 million to $6,238.0 million, adjusted diluted EPS of $5.68 to $6.00, and cash from operating activities of $1,458.0 million to $1,558.0 million. For the second quarter, it guided adjusted revenue of $1,489.0 million to $1,529.0 million and adjusted diluted EPS of $1.35 to $1.41. The company stated it cannot reconcile guidance for adjusted revenue and adjusted net income to GAAP measures without unreasonable efforts.

Apr 24, 2025 8-K

Leadership ChangesExhibits & Filings

SS&C Technologies Holdings 8-K Report, Executive Changes (Mar 26, 2025)

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) filed this Form 8-K on March 26, 2025 to report a board change. On March 24, 2025, the Board of Directors elected Francesco Vanni d'Archirafi as a Class III director, filling a vacancy created by an increase in the Board's size from seven to eight directors. He will serve until the 2025 Annual Meeting of Stockholders and until his successor is duly elected and qualified. The company describes him as an independent director. The Nominating and Governance Committee engaged a third-party consultant to run a director search and also considered recommendations from Board members and management. The committee nominated Mr. Vanni d'Archirafi, and the committee unanimously recommended him after reviewing his integrity, business acumen, expertise, skills, and experience. Under the company's historical practice for new directors, the Board approved an initial restricted stock unit (RSU) award under the Amended and Restated 2023 Stock Incentive Plan with a grant date value of $100,000. The RSUs vest on the first anniversary of the grant date. He will also participate in the non-employee director compensation program, which is described in the 2024 proxy statement filed on April 12, 2024. The filing states that Mr. Vanni d'Archirafi has never been employed by the company or its subsidiaries, that there is no arrangement or understanding under which he was selected, and that there are no related person transactions under Item 404(a) of Regulation S-K. The accompanying Exhibit 99.1 is the company's March 26, 2025 press release announcing his election. The release says he chairs the Board of Euroclear Holding and Euroclear SA/NV and chairs Verti S.p.A., sits on the boards of Mapfre International S.A. and Mapfre S.A., and held senior leadership roles at Citi.

Mar 26, 2025 8-K

Earnings & ResultsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Financial Results (Feb 6, 2025)

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) reported fourth-quarter and full-year 2024 results on February 6, 2025. Q4 2024 GAAP revenue was $1,529.7 million, up 8.4%, and diluted GAAP EPS attributable to SS&C was $0.98, up 27.3%. Adjusted revenue was $1,530.7 million, up 8.4%, and adjusted diluted EPS was $1.58, up 25.4%. For the full year, GAAP revenue was $5,882.0 million, up 6.9%, and net cash from operating activities was $1,388.6 million, up 14.3% from 2023. Q4 adjusted organic revenue growth was 7.0%, and adjusted consolidated EBITDA attributable to SS&C was $599.1 million, up 6.5%, with a 39.1% margin. Capital allocation and balance sheet items were also disclosed. The company repurchased 4.9 million shares for $365.7 million in Q4 2024 at an average price of $74.46, and paid down $195.0 million of debt in the quarter. The consolidated net leverage ratio, as defined in the credit agreement, was 2.89 times consolidated EBITDA attributable to SS&C, and the net secured leverage ratio was 1.69 times. For 2025, the company guided to adjusted revenue of $6,085.0 million to $6,245.0 million and adjusted diluted EPS of $5.64 to $5.96 for the full year, with Q1 2025 adjusted diluted EPS guided to $1.37 to $1.43. Management stated it does not reconcile adjusted revenue or adjusted net income guidance to GAAP measures, citing the unreasonable efforts exception under Regulation S-K.

Feb 6, 2025 8-K

Earnings & ResultsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Financial Results (Oct 24, 2024)

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) reported third-quarter 2024 results on October 24, 2024. GAAP revenue was $1,465.8 million, up 7.3%, and GAAP diluted earnings per share attributable to SS&C were $0.65, up 6.6%. Adjusted revenue was a record $1,466.8 million, up 7.3%, and adjusted diluted EPS was $1.29, up 10.3%. Adjusted organic revenue growth was 6.4%, and Financial Services recurring revenue growth was 7.2%. GAAP operating income margin was 22.2% and adjusted consolidated EBITDA margin was 38.6%. For the nine months ended September 30, 2024, net cash from operating activities was $902.0 million, up 9.1% from $826.7 million. The company completed its acquisition of Battea-Class Action Services on September 27, 2024 for a purchase price of approximately $670 million. In the quarter, it repurchased 1.2 million shares for $89.4 million at an average price of $72.72. As of September 30, 2024, the company reported $694.7 million in cash and cash equivalents and $7,243.1 million in gross debt. Its consolidated net leverage ratio under its credit agreement was 2.94 times consolidated EBITDA attributable to SS&C, and its net secured leverage ratio was 1.74 times. For the fourth quarter of 2024, the company guided to adjusted revenue of $1,460.0 million to $1,500.0 million and adjusted diluted EPS of $1.29 to $1.35. For full-year 2024, guidance calls for adjusted revenue of $5,815.0 million to $5,855.0 million, adjusted diluted EPS of $5.12 to $5.18, and cash from operating activities of $1,330.0 million to $1,370.0 million.

Oct 24, 2024 8-K

Acquisitions & DispositionsMaterial AgreementsFinancial Events+2

SS&C Technologies Holdings 8-K Report, Material Agreement (Oct 1, 2024)

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) reported in this Form 8-K, filed October 1, 2024, that on September 27, 2024 it completed its previously announced acquisition of Battea – Class Action Services, LLC. A press release dated September 30, 2024 (Exhibit 99.1) describes the purchase price as approximately $670 million, subject to certain adjustments, and states that the company funded the purchase with a combination of debt and cash and expects the transaction to be accretive over the next 12 months. The release also says more than 100 Battea employees, based in Stamford, Conn., San Francisco and Copenhagen, joined SS&C, and that Battea serves over 900 banks, asset managers, hedge funds and proprietary trading firms. To help finance the deal, SS&C Technologies, Inc. borrowed $800 million in incremental Term A-9 loans under its existing April 16, 2018 credit agreement, with Morgan Stanley Senior Funding, Inc. as administrative agent. The loans mature on the earlier of September 27, 2029 and a date tied to the maturity of the March 2019 Senior Notes or the Revolving Facility, subject to a $150 million outstanding threshold. Pricing is Base Rate plus 0.50% or Term SOFR plus 1.50%, with leverage-based step-ups and a step-down. Amortization is 2.5% per annum for the first eight fiscal quarters, then 5.0% per annum, and a 5.25x consolidated net secured leverage maintenance covenant applies beginning with the quarter ending December 31, 2024. For investors, the filing shows a roughly $670 million acquisition funded in part by $800 million of new term debt, with the covenant and amortization terms defining the company's near-term leverage and cash flow obligations.

Oct 1, 2024 8-K

Other EventsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Corporate Update (Sep 12, 2024)

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced on September 12, 2024 that its wholly-owned subsidiary, SS&C Technologies, Inc., has entered into a definitive agreement to acquire Battea-Class Action Services, LLC. The purchase price is approximately $670 million, subject to certain adjustments, and the company expects the acquisition to close this year. SS&C expects the transaction to be accretive over the next 12 months. To finance the deal, the Company intends for SS&C to borrow, subject to market and other conditions, up to $650 million in aggregate principal amount of incremental term A loans under its existing amended and restated credit agreement dated April 16, 2018. The Company has engaged one or more financial institutions to arrange the loans on an uncommitted basis. Net loan proceeds, together with cash on hand, will be used to pay for the acquisition and related fees, costs and expenses. The acquisition expands SS&C's offerings in securities class action claims management and settlement recovery. Battea, which has more than 100 employees based in Stamford, Conn., San Francisco and Copenhagen, will join SS&C GlobeOp. The press release states that Battea serves more than 900 banks, asset managers, hedge funds and proprietary trading firms.

Sep 12, 2024 8-K

Earnings & ResultsOther EventsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Financial Results (Jul 25, 2024)

SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) reported second-quarter 2024 results on July 25, 2024. GAAP revenue was $1,451.5 million, up 6.5%, and diluted GAAP EPS was $0.75, up 47.1%. Adjusted revenue was $1,452.4 million, up 6.5%, and adjusted diluted EPS was $1.27, up 17.6%. Adjusted organic revenue growth was 6.4%, and Financial Services recurring revenue growth was 7.7%. GAAP operating income was $327.6 million, with a 22.6% operating margin, and adjusted consolidated EBITDA attributable to SS&C was $558.9 million, up 11.2%. The company generated net cash from operating activities of $565.4 million for the six months ended June 30, 2024, compared with $584.2 million a year earlier. At quarter end it held $462.7 million in cash and cash equivalents and $6,653.1 million in gross debt. Its consolidated net leverage ratio under the credit agreement was 2.84 times consolidated EBITDA attributable to SS&C. In Q2 2024 it repurchased 3.7 million shares for $227.0 million, at an average price of $62.17 per share. The Board authorized a renewed stock repurchase program of up to $1 billion of outstanding common stock, which may run until the one-year anniversary of the authorization unless terminated earlier. The company also issued guidance for Q3 2024 and full-year 2024, including FY 2024 adjusted revenue of $5,706.2 to $5,866.2 million and adjusted diluted EPS of $4.98 to $5.22.

Jul 25, 2024 8-K

Leadership ChangesShareholder Matters

SS&C Technologies Holdings 8-K Report, Executive Changes (Jun 4, 2024)

At its Annual Meeting of Stockholders on May 29, 2024, SS&C Technologies Holdings, Inc. stockholders approved the Amended and Restated 2023 Stock Incentive Plan (the "A&R 2023 Plan"), which increases the number of shares reserved for issuance under the plan by 2,600,000 shares of common stock. The Board of Directors had approved the A&R 2023 Plan on April 4, 2024, subject to stockholder approval. The plan amends and restates the 2023 Stock Incentive Plan, which stockholders previously approved on May 17, 2023. The filing states that the principal features are described in the company's Definitive Proxy Statement on Schedule 14A filed April 12, 2024, and that the full plan text is attached to that proxy as Appendix B. Stockholders also voted on director elections, executive compensation, auditor ratification, and the plan itself. Jonathan E. Michael and Debra Walton-Ruskin were elected as Class II directors, each to serve a term expiring at the 2027 annual meeting. Stockholders approved, on an advisory basis, the compensation of the named executive officers, and they ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024. The filing states that no other matters were submitted for stockholder action. For investors, the filing's key items are the expanded equity award capacity under the A&R 2023 Plan and the vote results on governance matters. Vote tallies for the plan proposal, the say-on-pay proposal, and the director elections were all reported with a meaningful number of votes against, alongside the shares reported as broker non-votes.

Jun 4, 2024 8-K

Material AgreementsFinancial EventsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Material Agreement (May 9, 2024)

On May 9, 2024, SS&C Technologies, Inc., a direct wholly-owned subsidiary of SS&C Technologies Holdings, Inc. (the Parent), issued $750 million of 6.500% Senior Notes due June 1, 2032, at 100% of face value in a private placement under Rule 144A and Regulation S. The Notes are senior unsecured obligations, fully and unconditionally guaranteed by the Parent and certain domestic restricted subsidiaries, and are effectively subordinated to secured indebtedness, including the senior secured credit facilities, and to liabilities of non-guarantor subsidiaries. Interest is payable semi-annually beginning December 1, 2024. The Issuer may redeem the Notes at a make-whole premium before June 1, 2027, and at stated redemption prices thereafter (103.250% in 2027, 101.625% in 2028, and 100.000% in 2029 and thereafter). Upon a change of control triggering event, the Issuer must offer to repurchase the Notes at 101% of principal plus accrued interest. On the same date, SS&C Technologies, Inc. entered into an Incremental Joinder & First Amendment to its Credit Agreement, under which it borrowed $3,935 million of incremental Term B-8 Loans maturing May 9, 2031. The Term B-8 Loans bear interest at either the Base Rate plus 1.00% or Term SOFR plus 2.00%, and carry a 1.00% repricing premium on certain repricing transactions completed within six months. The filing states that the net proceeds from the Term B-8 Loans and the Notes were used to repay the term B-3 through B-7 loans under the Credit Agreement, along with related fees and expenses. The Notes' covenants restrict incurrence of debt, certain investments, asset sales, dividends and distributions, affiliate transactions, and liens, and certain covenants are suspended while the Notes hold investment grade ratings from two of S&P Global Ratings, Moody's Investors Service, or Fitch Ratings. The refinancing replaces the term B-3 through B-7 loans with new term loans and fixed-rate senior notes, and the filing describes these as the key debt-related actions.

May 9, 2024 8-K

Other EventsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Corporate Update (May 3, 2024)

SS&C Technologies Holdings, Inc. announced on May 3, 2024 the pricing of a private placement of $750 million of 6.500% Senior Notes due 2032. The notes are being issued by its wholly-owned subsidiary, SS&C Technologies, Inc., at 100% of face value, and are guaranteed by the parent and its existing domestic restricted subsidiaries that guarantee its senior secured credit facilities. The offering is expected to close on May 9, 2024, subject to customary closing conditions, and the company estimates net proceeds of approximately $744 million after initial purchasers' discounts and estimated offering expenses. The company expects to use the note proceeds, together with the net proceeds of a term B-8 loan and cash on hand, to repay all amounts owed under the term B-3, B-4, B-5, B-6 and B-7 loans under its existing senior secured credit facilities, along with related fees and expenses. Substantially concurrently with the notes closing, the term B-8 loan is expected to be entered into with its principal amount increased from $2,775.0 million to $3,935.0 million. The transaction is a refinancing of existing term loans that reshapes the company's debt structure through a combination of fixed-rate unsecured-style notes and a larger senior secured term loan. The notes are being sold under Rule 144A and Regulation S, so they are not registered under the Securities Act. The filing's forward-looking statements caution that closing and use of proceeds are subject to risks described in the company's most recent Form 10-K.

May 3, 2024 8-K

Other EventsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Corporate Update (May 2, 2024)

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced on May 2, 2024 that its wholly-owned subsidiary, SS&C Technologies, Inc., intends to offer $750 million in aggregate principal amount of Senior Notes due 2032 in a private placement, subject to market and other conditions. The notes would be issued by SS&C Technologies, Inc. and guaranteed by the parent company and its existing domestic restricted subsidiaries that guarantee its existing senior secured credit facilities, with future domestic restricted subsidiaries that guarantee those facilities or certain other indebtedness also expected to guarantee the notes. The company expects to use the net proceeds, together with the net proceeds of the previously announced term B-8 loan and cash on hand, to repay all amounts owed under its term B-3, term B-4 and term B-5 loans under its existing senior secured credit facilities, and to pay related fees and expenses. The offering is being made to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S, and the notes have not been and will not be registered under the Securities Act. The filing is primarily a notice of a proposed debt offering and refinancing. It contains no financial results, and the filing does not state the interest rate, pricing, or maturity date beyond the 2032 designation. The offering is not yet completed, and the 8-K itself is not an offer to sell the notes.

May 2, 2024 8-K

Other EventsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Corporate Update (Apr 29, 2024)

SS&C Technologies Holdings, Inc. (SSNC) disclosed in this Form 8-K, filed under Item 8.01 (Other Events), that it intends for one of its subsidiaries to borrow up to $2,775 million in aggregate principal amount of incremental term B-8 loans under its existing amended and restated credit agreement dated April 16, 2018. The borrower is SS&C Technologies, Inc., with SS&C Financing LLC, SS&C European Holdings SARL and SS&C Technologies Holdings Europe SARL named in the agreement. The announcement is subject to market and other conditions. The company expects to use the net proceeds, together with net proceeds of other unsecured debt and cash on hand, to repay all amounts owed under the term B-3, term B-4 and term B-5 loans under the Credit Agreement, along with related fees and expenses. The transactions are anticipated to close in the second quarter of 2024, though the company states there can be no assurance they will be completed on the terms described or at all. For investors, the filing is a refinancing announcement rather than a change in operating results. It replaces existing term loan tranches with new term B-8 debt in the stated amount, and the filing does not describe pricing, maturity or interest terms.

Apr 29, 2024 8-K

Earnings & ResultsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Financial Results (Apr 25, 2024)

SS&C Technologies Holdings, Inc. reported first-quarter 2024 results on April 25, 2024, as stated in Item 2.02 of this Form 8-K, which furnishes a press release (Exhibit 99.1) and an earnings presentation (Exhibit 99.2). GAAP revenue was $1,435.0 million, up 5.3% from $1,362.7 million, and GAAP diluted EPS attributable to SS&C was $0.62, up 26.5% from $0.49. Adjusted revenue was a record $1,435.8 million, up 5.3%, and adjusted diluted EPS was $1.28, up 12.3% from $1.14. Adjusted consolidated EBITDA attributable to SS&C was $556.8 million, up 9.4%, and the adjusted consolidated EBITDA margin was 38.8%. The company reported organic revenue growth of 4.7% for the quarter. Cash flow and balance sheet metrics were mixed. Net cash from operating activities was $180.5 million, a 29.2% decrease from $254.8 million in the prior-year quarter. SS&C ended the quarter with $412.5 million in cash and cash equivalents and $6,679.0 million in gross debt. The company paid down $79.9 million of debt, and its consolidated net leverage ratio stood at 2.95 times consolidated EBITDA attributable to SS&C. During the quarter it repurchased 0.8 million shares for $52.9 million, at an average price of $63.24 per share, and paid $59.7 million in common stock dividends. For full-year 2024, the company guided to adjusted revenue of $5,694.6 million to $5,854.6 million and adjusted diluted EPS of $4.93 to $5.17, with cash from operating activities expected between $1,302.0 million and $1,382.0 million. For the second quarter, it guided to adjusted revenue of $1,412.1 million to $1,452.1 million and adjusted diluted EPS of $1.16 to $1.22. The company stated that it does not reconcile these adjusted guidance figures to GAAP measures because certain items are difficult to forecast without unreasonable effort.

Apr 25, 2024 8-K

Earnings & ResultsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Financial Results (Feb 13, 2024)

SS&C Technologies Holdings, Inc. reported financial results for the fourth quarter and full year ended December 31, 2023, as furnished in Exhibit 99.1 (press release) and Exhibit 99.2 (earnings presentation) to this Form 8-K. For Q4 2023, GAAP revenue was $1,411.6 million, up 5.5% from $1,338.3 million, while fully diluted GAAP earnings per share were $0.77, down 4.9%. Adjusted revenue was a record $1,412.3 million, up 5.5%, and adjusted diluted earnings per share were $1.26, up 8.6%. For the full year 2023, GAAP revenue was $5,502.8 million, up 4.2%, and GAAP net income attributable to SS&C was $607.1 million, down 6.6%. For the twelve months ended December 31, 2023, net cash from operating activities was $1,215.1 million, up 7.1%. During Q4 2023 the company repurchased 2.4 million shares for $130.7 million and paid down $150.2 million of debt. The consolidated net leverage ratio stood at 3.05 times consolidated EBITDA attributable to SS&C, and the net secured leverage ratio was 2.10 times. Management provided 2024 guidance, including full-year adjusted revenue of $5,667.7 to $5,867.7 million, adjusted diluted EPS of $4.85 to $5.15, and cash from operating activities of $1,292.0 to $1,392.0 million. Q1 2024 adjusted diluted EPS guidance was $1.19 to $1.25. The company stated that it does not reconcile adjusted revenue and adjusted net income guidance to GAAP measures and that the unavailable information could significantly affect GAAP results.

Feb 13, 2024 8-K

Leadership Changes

SS&C Technologies Holdings 8-K Report, Executive Changes (Jan 18, 2024)

SS&C Technologies Holdings, Inc. (SSNC), trading on The Nasdaq Global Select Market, filed this Current Report on Form 8-K under Item 5.02 to disclose a board change. Michael E. Daniels, a Class III director, Chairman of the Compensation Committee, and a member of the Nominating and Governance Committee, notified the company on January 11, 2024 of his intention to retire and resign from the Board for personal reasons. His resignation takes effect at the conclusion of the company's next annual shareholders meeting, expected on or near May 29, 2024, and the Board accepted it effective on that date. Mr. Daniels stated that he is not resigning because of any disagreement with the company, its Board, or management regarding its operations, policies, or practices, but rather to retire and spend more time with his family. The filing does not name a successor. Upon his resignation, the number of directors will be reduced from eight to seven without further Board action, unless another director has been elected to the Board at that time. For investors, the filing reports a planned, voluntary retirement with no stated dispute, along with a resulting change in Board size and the need to fill the Compensation Committee chair role.

Jan 18, 2024 8-K

Leadership ChangesExhibits & Filings

SS&C Technologies Holdings 8-K Report, Executive Changes (Jan 10, 2024)

SS&C Technologies Holdings, Inc. filed this Form 8-K on January 10, 2024 to report that its Board of Directors elected Debra Walton-Ruskin as a new director effective January 4, 2024. The Board expanded from seven to eight directors to create the vacancy she fills. She was elected as a Class II director serving until the 2024 Annual Meeting of Stockholders, and she was also appointed to the Nominating and Governance Committee. The filing states that a third-party consultant ran the director search, and that the Nominating and Governance Committee unanimously recommended her after reviewing integrity, business acumen, expertise, skills, experience, and diversity attributes. Under the Company's historical approach for new directors, the Board approved an initial award of restricted stock units under the 2023 Stock Incentive Plan with a grant date value of $100,000. The RSUs vest on the first anniversary of the grant date. She will also participate in the non-employee director compensation program described in the 2023 proxy statement filed April 6, 2023. The filing states she has never been employed by the Company or its subsidiaries and that there are no related person transactions with her under Item 404(a) of Regulation S-K. The filing is governance-focused and reports no financial results. The company's January 9, 2024 press release announcing the appointment is filed as Exhibit 99.1. That release describes her as an independent director with prior roles at the London Stock Exchange Group, Refinitiv, and Thomson Reuters.

Jan 10, 2024 8-K

Earnings & ResultsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Financial Results (Oct 26, 2023)

SS&C Technologies Holdings, Inc. reported third-quarter 2023 results on October 26, 2023. GAAP revenue was $1,365.9 million, up 3.4% from $1,321.0 million, and adjusted revenue was $1,366.7 million, also up 3.4%. GAAP diluted earnings per share were $0.61, flat year over year, while adjusted diluted earnings per share were $1.17, up 1.7%. GAAP net income attributable to SS&C fell 2.5% to $156.0 million, and GAAP operating income margin was 22.4%, down 60 bps. Adjusted consolidated EBITDA rose 6.4% to $533.9 million, with an adjusted consolidated EBITDA margin of 39.1%, up 110 bps. Management attributed the margin expansion largely to its digital worker initiative, which it said produced a 2,000 FTE headcount benefit year to date. Cash generation and balance sheet actions were also highlighted. Net cash from operating activities for the nine months ended September 30, 2023 was $826.7 million, up 8.1%. During the third quarter the company repurchased 1.7 million shares for $96.9 million, at an average price of $55.82 per share, and paid down $54.7 million of debt. The consolidated net leverage ratio was 3.18 times consolidated EBITDA attributable to SS&C, and the net secured leverage ratio was 2.21 times. Revenue retention for the financial services business was 97.3%, which the company described as the highest in its history. The company guided fourth-quarter 2023 adjusted revenue to $1,370.0 to $1,410.0 million and adjusted diluted EPS to $1.21 to $1.29. For full-year 2023 it guided adjusted revenue to $5,463.5 to $5,503.5 million, adjusted diluted EPS to $4.55 to $4.64, and cash from operating activities to $1,180.0 to $1,230.0 million, with capital expenditures of 3.9% to 4.1% of revenue and an effective tax rate of 26%. Quarterly interest expense, net, increased to $120.6 million from $86.0 million a year earlier.

Oct 26, 2023 8-K

Earnings & ResultsOther EventsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Financial Results (Jul 27, 2023)

SS&C Technologies Holdings, Inc. reported results for the quarter ended June 30, 2023 in an 8-K furnishing Exhibit 99.1 (press release) and Exhibit 99.2 (earnings presentation). GAAP revenue was $1,362.6 million, up 2.6% from $1,328.7 million a year earlier, and GAAP diluted EPS was $0.51, up 21.4%. Adjusted revenue was $1,363.4 million, up 2.5%, while adjusted diluted EPS was $1.08, down 1.8%. GAAP operating income was $288.2 million, with a 21.2% operating margin, compared with 18.5% a year earlier. Net cash from operating activities for the six months ended June 30, 2023 was $584.2 million, up 30.5%. The company reported a net leverage ratio of 3.27 times consolidated EBITDA attributable to SS&C after paying down $125.2 million of debt in the quarter. In the quarter it repurchased 2.0 million shares for $111.9 million, at an average price of $56.17. Interest expense, net rose to $118.0 million from $67.7 million a year earlier. Management said results were largely in line, with revenue ahead of expectations but expenses elevated by interest expense, medical claims and professional fees. The Board authorized a renewed stock repurchase program of up to $1 billion of common stock, which may be executed on the open market, through privately negotiated transactions, or under a Rule 10b5-1 plan, and remains in effect for one year from the authorization. The company also guided to FY 2023 adjusted revenue of $5,469.0 million to $5,575.0 million and adjusted diluted EPS of $4.57 to $4.77, and announced that Brian Schell will become Chief Financial Officer effective August 7, 2023.

Jul 27, 2023 8-K

Other Events

SS&C Technologies Holdings 8-K Report, Corporate Update (Jul 14, 2023)

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) reported in this Item 8.01 Other Events filing that, as of July 14, 2023, the parties to the previously disclosed DST ERISA Matters reached a global resolution of all pending claims, subject to approval by the United States District Court for the Southern District of New York. The matters stem from the Ferguson action and related complaints and arbitrations involving DST Systems, Inc., which SS&C acquired in April 2018, along with Ruane, Cunniff & Goldfarb Inc. and its former chairman Robert D. Goldfarb. Under the proposed settlement, DST, Ruane, and Goldfarb will pay a total of $124,625,000, and all pending DST ERISA Matters will be dismissed with prejudice with related claims released. If the court approves the settlement, DST will pay approximately $55.1 million to fund its share and discharge all pending related claims. The company does not expect to make that payment before the fourth quarter of 2023, subject to court approval. The company had recorded an accrued liability of $51.5 million as of March 31, 2023, and will record an additional $3.6 million liability during the three months ended June 30, 2023, bringing the total accrued liability to $55.1 million. Of this total, $8.1 million and $43.4 million were recorded in 2022 and 2021, respectively, to Other income (expense), net on the Consolidated Statements of Comprehensive Income.

Jul 14, 2023 8-K

Leadership ChangesRegulation FDExhibits & Filings

SS&C Technologies Holdings 8-K Report, Executive Changes (Jul 6, 2023)

SS&C Technologies Holdings, Inc. announced on July 6, 2023 that Brian N. Schell will be appointed Executive Vice President and Chief Financial Officer effective August 7, 2023, replacing Patrick J. Pedonti, who is retiring as of that date. Mr. Schell, age 57, currently serves as Executive Vice President, Chief Financial Officer and Treasurer of Cboe Global Markets, a role he has held since January 2018, and has more than 30 years of experience at global financial institutions including H&R Block, the Federal Deposit Insurance Corporation, KPMG and JP Morgan. Mr. Pedonti will remain a non-executive employee through the end of 2023 to support a smooth transition, and Mr. Schell will report to Chairman and Chief Executive Officer Bill Stone. The filing details Mr. Schell's compensation under an offer letter. He will receive an annual salary of $600,000 and an annual target cash bonus opportunity of $1,400,000, not prorated for 2023. His 2023 target equity incentive award value is $4,000,000 under the 2023 Stock Incentive Plan, split 50% performance stock units, 25% stock options and 25% restricted stock units. He will also receive a restricted stock unit award with a grant date value of $5,500,000, vesting in equal annual installments over three years. If he is terminated without Cause, severance includes 12 months of base salary continuation, any earned but unpaid prior-year bonus, and a prorated target bonus for the year of termination, subject to a release of claims and restrictive covenants. The leadership change is the principal disclosure in this filing. The company also furnished a press release dated July 6, 2023 as Exhibit 99.1 under Item 7.01 (Regulation FD), which announces the appointment and includes a statement from Bill Stone thanking Mr. Pedonti for his 24 years of service and noting that the company has 36 years of track record.

Jul 6, 2023 8-K

Leadership ChangesShareholder Matters

SS&C Technologies Holdings 8-K Report, Executive Changes (May 19, 2023)

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) filed this Form 8-K to report the results of its Annual Meeting of Stockholders held on May 17, 2023. Stockholders approved the adoption of the SS&C Technologies Holdings, Inc. 2023 Stock Incentive Plan, which authorizes an aggregate of 11,500,000 common shares plus the shares remaining available under the 2014 Plan as of May 17, 2023. The 2023 Plan replaces the 2014 Plan, under which no further awards will be granted, though previously granted awards remain outstanding on their original terms. Stockholders elected Normand A. Boulanger, David A. Varsano and Michael J. Zamkow as Class I directors for terms expiring at the 2026 annual meeting. Stockholders also approved, on a non-binding advisory basis, the compensation of the named executive officers, and voted for an advisory vote on executive compensation every 1 year, consistent with the Board's recommendation, so the company will continue to hold annual say-on-pay votes. Stockholders ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2023. For investors, the filing mainly documents governance outcomes and equity compensation authorization. The 2023 Plan's principal features are described in the April 6, 2023 proxy statement, where the full plan text is attached as Appendix B.

May 19, 2023 8-K

Earnings & ResultsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Financial Results (Apr 27, 2023)

SS&C Technologies Holdings, Inc. furnished its first-quarter 2023 earnings results on April 27, 2023 via Exhibits 99.1 (press release) and 99.2 (earnings presentation). GAAP revenue was $1,362.7 million, up 5.2% from $1,295.0 million, while GAAP operating income declined to $280.1 million from $291.8 million, and fully diluted GAAP EPS was $0.49 versus $0.64, down 23.4%. On an adjusted basis, revenue was $1,363.4 million (up 5.2%), adjusted operating income attributable to SS&C was $493.0 million (down 1.1%), and adjusted diluted EPS was $1.11 versus $1.25, down 11.2%. Management cited large outsourcing wins in its alternatives and financial services businesses and said it remains optimistic about its 2023 revenue outlook. Cash generation and capital returns were highlighted. Net cash from operating activities rose 38.9% to $254.8 million. The company repurchased 2.3 million shares for $134.7 million at an average price of $59.19 and paid down $44.6 million of debt. The net leverage ratio stood at 3.38 times consolidated EBITDA attributable to SS&C, and the secured net leverage ratio at 2.39 times. Gross debt was $7,087.0 million and cash and cash equivalents were $433.3 million as of March 31, 2023. Full-year 2023 guidance calls for adjusted revenue of $5,455.0 million to $5,655.0 million, adjusted net income attributable to SS&C of $1,190.0 million to $1,285.0 million, adjusted diluted EPS of $4.67 to $4.97, and cash from operating activities of $1,275.0 million to $1,375.0 million. Q2 2023 guidance calls for adjusted revenue of $1,334.5 million to $1,374.5 million and adjusted diluted EPS of $1.08 to $1.14. The company did not reconcile adjusted guidance to GAAP measures, citing the unreasonable efforts exception under Regulation S-K.

Apr 27, 2023 8-K

Leadership Changes

SS&C Technologies Holdings 8-K Report, Executive Changes (Mar 8, 2023)

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) filed this Current Report on Form 8-K under Item 5.02 to disclose 2023 long-term equity incentive awards for its named executive officers under a compensation program redesign the Compensation Committee approved on October 12, 2022. On March 2, 2023, the Committee approved annual equity grants for 2023 with total target grant date values of $15,000,000 for William C. Stone (Chief Executive Officer), $12,000,000 for Rahul Kanwar (Chief Operating Officer), $5,000,000 for Patrick J. Pedonti (Chief Financial Officer), and $4,500,000 for Jason White (Chief Legal Officer). The awards are split into three components: 50% performance stock units (PSUs), 25% time-based restricted stock units (RSUs), and 25% time-based stock options. The PSUs can pay out between 0% and 200% of target based on three-year adjusted diluted earnings per share growth, with a relative total shareholder return modifier that adjusts payout upward or downward by 20%, subject to a 200% maximum. No upward modifier applies if absolute TSR is negative over the performance period. The RSUs vest in equal annual installments over three years, and the options vest 25% at the first anniversary with the remainder vesting monthly through the fourth anniversary, in each case subject to continued employment. For investors, the filing shows that a larger share of executive pay is tied to multi-year performance and shareholder returns. Double-trigger change-in-control provisions apply, under which unvested awards vest in full if an executive is terminated without cause or resigns for good reason within 24 months after a change in control. The full award agreement forms will be filed as exhibits to the Company's Form 10-Q for the quarter ending March 31, 2023.

Mar 8, 2023 8-K

Earnings & ResultsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Financial Results (Feb 7, 2023)

SS&C Technologies Holdings, Inc. reported fourth-quarter and full-year 2022 results on February 7, 2023. GAAP revenue for Q4 2022 was $1,338.3 million, up 3.4%, and GAAP diluted EPS attributable to SS&C was $0.81, down 13.8%. Adjusted revenue was $1,339.1 million, up 3.3%, and adjusted diluted EPS was $1.16, down 9.4%. For the full year 2022, GAAP revenue was $5,283.0 million, up 4.6%, and GAAP diluted EPS was $2.48, down 17.1%. Adjusted revenue was $5,287.3 million, up 4.5%, and adjusted diluted EPS was $4.65, down 7.4%. Full-year GAAP operating income fell 8.0% to $1,142.9 million, and operating margin declined to 21.6% from 24.6%. Cash generation and balance sheet activity were central to the quarter. Net cash from operating activities was $369.7 million in Q4 2022 and $1,134.3 million for the full year, down 20.6% from $1,429.0 million in 2021. The company paid down $166.2 million of debt in Q4 and reported a consolidated net leverage ratio of 3.40 times consolidated EBITDA attributable to SS&C. Q4 share repurchases totaled 1.8 million shares for $90.7 million. The company also completed the acquisition of Complete Financial Ops, Inc. For 2023, management guided to adjusted revenue of $5,455.0 million to $5,655.0 million, adjusted diluted EPS of $4.67 to $4.97, and cash from operating activities of $1,275.0 million to $1,375.0 million. Management said the company finished 2022 in line with its expectations and cited large renewals, new client wins, and early Blue Prism digital worker deployments as drivers. The filing notes that the earnings presentation includes an organic growth breakdown and that Healthcare business was impacted by expected client losses.

Feb 7, 2023 8-K

Material AgreementsFinancial EventsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Material Agreement (Jan 4, 2023)

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) disclosed in this Current Report that on December 28, 2022 it entered into an amendment (the "Revolving Facility Amendment") to its amended and restated credit agreement dated April 16, 2018. The amendment restructures the company's revolving credit facility, extending its maturity to December 28, 2027 and increasing aggregate commitments from $250 million to $600 million. Morgan Stanley Senior Funding, Inc. was appointed as Revolving Facility Administrative Agent, and the filing states that the company's subsidiaries, as borrowers, are party to the agreement alongside the company as guarantor. The amendment also changes the interest rate benchmark from LIBOR to Term SOFR. Under the amended terms, Term SOFR loans bear interest at Term SOFR plus 1.25% to 1.50%, and base rate loans bear interest at the base rate plus 0.25% to 0.50%, with the spread in each case depending on the company's consolidated secured net leverage ratio. The filing also states that other revisions are set out in the amendment itself, which is filed as Exhibit 10.1. For investors, the filing is a financing-facility update rather than a change in operations or results. It shows a larger, longer-dated revolving credit line with a benchmark transition away from LIBOR. The filing does not state the amount drawn under the facility, and the full terms are in Exhibit 10.1.

Jan 4, 2023 8-K

Corporate ChangesExhibits & Filings

SS&C Technologies Holdings 8-K Report, Bylaw Amendment (Nov 22, 2022)

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) filed this Current Report on Form 8-K on November 22, 2022 to disclose two governance changes adopted by its Board of Directors on November 16, 2022. First, the Board adopted second amended and restated bylaws, effective the same day, which implement a majority voting standard for uncontested director elections (contested elections remain plurality-based), update advance notice procedures including under Rule 14a-19, and add a proxy access provision. Under the new proxy access provision, a stockholder or group of up to 20 stockholders owning at least 3% of common stock continuously for at least three years may nominate and include in the company's proxy materials directors constituting up to two individuals or 20% of the Board, whichever is greater, subject to a limit of one-half of the directors being elected at an annual meeting while the board remains classified. Second, the Board amended the Code of Business Conduct and Ethics, effective November 16, 2022. The revised code adds standards of conduct on data security and privacy, protection and proper use of corporate assets, diversity, equity and inclusion, and workplace health and safety, along with certain non-substantive changes. The filing states that the amendment did not involve any waiver of the prior code's provisions. The revised code applies to all employees, officers and directors and is available on the company's investor relations website. The filing contains no financial results or financial figures. For investors, the primary significance lies in shareholder governance: the move to majority voting and the introduction of proxy access expand shareholder influence over board composition, while the code of conduct update reflects emphasis on data security, privacy and workplace matters.

Nov 22, 2022 8-K

Earnings & ResultsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Financial Results (Oct 27, 2022)

SS&C Technologies Holdings, Inc. reported third-quarter 2022 results in this Item 2.02 Form 8-K, furnishing a press release (Exhibit 99.1) and an earnings presentation (Exhibit 99.2). GAAP revenue was $1,321.0 million, up 4.5% from $1,264.4 million, while fully diluted GAAP EPS was $0.61, down 11.6%. Adjusted revenue was $1,322.0 million, up 4.4%, and adjusted diluted EPS was $1.15, down 12.9%. GAAP operating income fell 10.6% to $304.2 million, and operating margin declined to 23.0% from 26.9%. Management attributed the results to weak market conditions, FX headwinds and rising interest rates, while stating that client engagement and pipelines remained strong. Cash generation and leverage were key focus areas. Net cash from operating activities was $764.6 million for the nine months ended September 30, 2022, compared with $944.9 million a year earlier, a 19.1% decrease. Gross debt was $7,298.6 million and cash and cash equivalents were $401.9 million at quarter end. The net consolidated leverage ratio stood at 3.51 times consolidated EBITDA attributable to SS&C, and the net secured leverage ratio at 2.52 times. Adjusted consolidated EBITDA attributable to SS&C was $501.7 million, with an adjusted EBITDA margin of 38.0%, which management said was a 260 basis point improvement from the prior quarter. The company bought back 3.7 million shares for $214.5 million during the quarter. Full-year 2022 guidance calls for adjusted revenue of $5,253.0 to $5,303.0 million, adjusted diluted EPS of $4.62 to $4.70, and cash from operating activities of $1,125.0 to $1,145.0 million. Q4 2022 guidance calls for adjusted revenue of $1,305.0 to $1,355.0 million and adjusted diluted EPS of $1.12 to $1.20. The company stated it does not reconcile guidance for adjusted revenue and adjusted net income to GAAP measures, citing the unreasonable efforts exception under Regulation S-K.

Oct 27, 2022 8-K

Leadership Changes

SS&C Technologies Holdings 8-K Report, Executive Changes (Oct 18, 2022)

On October 12, 2022, the Compensation Committee of the Board of Directors of SS&C Technologies Holdings, Inc. approved a significant redesign of the company's executive compensation program, which the Committee says strengthens its pay-for-performance philosophy and aligns key components more closely with prevailing market practice among its compensation peer group. The changes followed a holistic review conducted in 2022 with the independent compensation consultant Frederic W. Cook & Co., and reflect shareholder feedback and the results of the advisory say-on-pay vote at the 2022 annual meeting. The annual cash bonus program becomes formulaic and is payable 100% in cash starting with 2022 bonuses. Payouts are based on four equally weighted company financial measures: total revenue, organic revenue growth, operating cash flow and adjusted EBITDA. Payouts range from 50% to 250% of target and are subject to a 25% upward or downward strategic modifier tied to strategic initiatives, human capital management and individual leadership goals. No payout occurs if performance on all financial goals falls below threshold. The long-term incentive program replaces performance-based stock options with performance stock units (PSUs) and adds time-based restricted stock units. NEO equity awards will be 50% PSUs, 25% time-based stock options and 25% RSUs vesting over three years. PSUs can pay out between 0% and 200% based on three-year average annual EPS growth, adjusted by a relative TSR modifier of up to plus or minus 20%. The filing also sets new target total cash compensation for the named executive officers: William C. Stone (CEO) $1,000,000 base salary and $5,000,000 target bonus; Rahul Kanwar (COO) $800,000 base and $4,000,000 target bonus; Patrick J. Pedonti (CFO) $500,000 base and $1,500,000 target bonus; and Jason White (Chief Legal Officer) $500,000 base and $1,000,000 target bonus. Base salaries take effect January 1, 2023, and bonus targets apply from the 2022 performance year.

Oct 18, 2022 8-K

Other EventsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Corporate Update (Aug 1, 2022)

On August 1, 2022, SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced that its Board of Directors has authorized a stock repurchase program allowing the Company to repurchase up to $1 billion in aggregate of its outstanding common stock. Repurchases may be made from time to time on the open market, in privately negotiated transactions, or through other legally permissible means, depending on market conditions and applicable securities rules. Timing and amount will be determined by management, and purchases may be made under a Rule 10b5-1 plan. The program may be suspended or discontinued at any time, and authority under the renewed program continues until the one-year anniversary of the Board's authorization unless the Board terminates it. Repurchased shares will be available for use in connection with the Company's stock plans and other corporate purposes. In the accompanying press release, Chairman and CEO Bill Stone said the Board believes the current share price undervalues SS&C's financial strength and future prospects. He stated that the Company will use free cash flow to opportunistically repurchase stock and pay down debt, while maintaining flexibility to pursue high-quality acquisitions. The filing is a current report under Item 8.01 (Other Events), with the press release furnished as Exhibit 99.1. It discloses no specific repurchase amounts executed to date, no pricing terms, and no timetable beyond the one-year authorization period.

Aug 1, 2022 8-K

Earnings & ResultsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Financial Results (Jul 27, 2022)

SS&C Technologies Holdings, Inc. furnished its second-quarter 2022 results on July 27, 2022 (Exhibits 99.1 and 99.2). GAAP revenue for the quarter was $1,328.7 million, up 5.5% from $1,259.0 million, while GAAP operating income fell to $245.6 million from $312.9 million, and fully diluted GAAP EPS was $0.42, down 40.8% from $0.71. Adjusted revenue was $1,330.0 million, up 5.5%, and adjusted diluted EPS was $1.10, down 11.3%. Management said the company is not immune to the weaker economic backdrop of the first half of 2022, and cited a 2.2% organic growth rate in the quarter, with Alternatives, Intralinks and Advent performing well and Healthcare impacted by expected client losses. Cash generation and leverage were key focus areas. Net cash from operating activities was $447.5 million for the six months ended June 30, 2022, versus $562.3 million a year earlier, a 20.4% decrease. The company ended the quarter with $438.3 million in cash and cash equivalents and $7,354.1 million in gross debt, and reported a consolidated net leverage ratio of 3.45 times consolidated EBITDA attributable to SS&C. The company paid down $234.7 million of debt in Q2 2022 and stated its plan to reduce leverage to 3.0 times. Stock buybacks were restricted in Q2 2022 due to active M&A discussions. For guidance, SS&C expects Q3 2022 adjusted revenue of $1,324.0 to $1,364.0 million and full-year 2022 adjusted revenue of $5,320.0 to $5,406.0 million, with full-year adjusted diluted EPS of $4.76 to $4.90 and cash from operating activities of $1,180.0 to $1,220.0 million. Management also disclosed cost actions, including a reduction in force in the Blue Prism and Healthcare business units effective July 2022, and a 650,000 square foot real estate reduction targeted by year-end 2022.

Jul 27, 2022 8-K

Shareholder Matters

SS&C Technologies Holdings 8-K Report, Shareholder Vote Results (May 12, 2022)

SS&C Technologies Holdings, Inc. filed this Form 8-K to report the results of its annual meeting of stockholders held on May 11, 2022. Stockholders elected three Class III directors, Smita Conjeevaram, Michael E. Daniels, and William C. Stone, to serve terms expiring at the 2025 annual meeting. Conjeevaram received 227,092,443 votes for and 5,518,984 withheld, Daniels received 179,591,913 for and 53,019,514 withheld, and Stone received 223,435,841 for and 9,175,586 withheld. Each nominee had 5,613,218 broker non-votes. The most notable item for investors is the advisory, non-binding vote on named executive officer compensation, which was not approved. Of the votes cast, 111,728,637 were for, 120,602,182 were against, and 280,608 abstained, with 5,613,218 broker non-votes. Because the vote was advisory, it does not bind the Board, but a failed say-on-pay vote signals shareholder dissatisfaction with executive pay practices. Stockholders also ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2022, with 230,994,641 votes for, 7,038,390 against, and 191,614 abstentions.

May 12, 2022 8-K

Earnings & ResultsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Financial Results (Apr 28, 2022)

SS&C Technologies Holdings, Inc. reported first-quarter 2022 GAAP revenue of $1,295.0 million, up 5.0%, and GAAP diluted earnings per share of $0.64, down 1.5%. Adjusted revenue was $1,296.2 million, up 4.9%, and adjusted diluted earnings per share was $1.25, up 5.9%. Management cited organic growth of 4.3%, with strong performance from the Alternatives, Intralinks and Advent business units. Healthcare revenue declined 15.5%, while financial services organic growth excluding healthcare was 5.9%, representing 93% of revenues. Management expects a strong healthcare recovery in 2023 tied to the upcoming launch of DomaniRx. The company completed the acquisitions of Blue Prism and Hubwise in mid-March 2022 and raised $1,530 million of debt to fund the Blue Prism acquisition. Management said Blue Prism's interest expense and short-term operating losses will have a short-term negative effect on earnings. The filing states that Blue Prism is expected to contribute approximately $200 million of revenue in 2022 for 9.5 months of ownership, with slightly positive EBITDA margins in 2022. Net cash from operating activities was $183.5 million, compared with $185.7 million a year earlier, and net leverage stood at 3.48 times consolidated EBITDA attributable to SS&C. For 2022, the company guided to adjusted revenue of $5,350.0 million to $5,510.0 million, adjusted diluted earnings per share of $4.99 to $5.21, and cash from operating activities of $1,315.0 million to $1,375.0 million. Second-quarter adjusted revenue guidance is $1,328.0 million to $1,368.0 million. The company plans to reduce leverage to 3.0 times by the end of 2022. Management also reported repurchasing 2.3 million shares at an average price of $75.22 for $170.9 million during the quarter.

Apr 28, 2022 8-K

Acquisitions & DispositionsMaterial AgreementsFinancial Events+1

SS&C Technologies Holdings 8-K Report, Material Agreement (Mar 22, 2022)

On March 16, 2022, SS&C Technologies Holdings, Inc. completed its previously announced acquisition of Blue Prism Group plc, a company incorporated in England and Wales, on the terms described in the Company's Current Report on Form 8-K filed on December 7, 2021. On March 22, 2022, the Company, SS&C Technologies, Inc., SS&C Financing LLC, SS&C European Holdings S.à R.L. and certain other subsidiaries entered into an Incremental Joinder to the amended and restated credit agreement dated April 16, 2018, with Credit Suisse AG, Cayman Islands Branch, as administrative agent. The joinder provides two new senior secured incremental term loan B facilities: a $650 million U.S. Incremental Term Loan Facility and an $880 million Lux Incremental Term Loan Facility. Both were made available to finance a portion of the Blue Prism acquisition consideration and related expenses. The Incremental Term Loan Facilities mature on March 22, 2029. Interest is set at either the Base Rate plus 1.25% per annum or the Term SOFR Rate (subject to a 0.50% floor, plus a credit spread adjustment) plus 2.25% per annum, at the borrower's option. A 1.00% repricing premium applies to certain repricing transactions completed within six months of incurrence. Other terms are materially consistent with the Company's existing term loans under the Credit Agreement.

Mar 22, 2022 8-K

Earnings & ResultsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Financial Results (Feb 10, 2022)

SS&C Technologies Holdings, Inc. reported fourth-quarter and full-year 2021 results on February 10, 2022, furnishing a press release (Exhibit 99.1) and an earnings presentation (Exhibit 99.2) under Item 2.02. For Q4 2021, GAAP revenue was $1,294.2 million, up 7.5%, and fully diluted GAAP EPS was $0.94, up 27.0%. Adjusted revenue was $1,296.2 million, up 7.5%, and adjusted diluted EPS was $1.28, up 13.3%. For full-year 2021, GAAP revenue was $5,051.0 million, up 8.2%, and GAAP operating income was $1,242.3 million, up 26.0%. Net cash from operating activities was $1,429.0 million for 2021, a 20.6% increase over 2020. The company paid down $519.9 million of debt in 2021, bringing its consolidated net leverage ratio to 2.69x and its net secured leverage ratio to 1.72x consolidated EBITDA attributable to SS&C. The Board approved a quarterly dividend of $0.20 per share, up 25.0% from $0.16. Management noted that pandemic-related labor pressures on costs are expected to continue, and that automation investments are expected to show up in margin improvements. Guidance for FY 2022 calls for adjusted revenue of $5,130.0 to $5,330.0 million and adjusted diluted EPS of $5.10 to $5.40. The company also cited pending acquisitions of Hubwise and Blue Prism.

Feb 10, 2022 8-K

Material AgreementsFinancial EventsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Material Agreement (Dec 7, 2021)

On December 1, 2021, SS&C Technologies Holdings, Inc. (SSNC) announced a recommended acquisition of Blue Prism Group plc, a company incorporated in England and Wales, by Bolt Bidco Limited, a wholly-owned subsidiary of the Company. Under the terms, Blue Prism shareholders will receive £12.75 in cash per share, implying a value of approximately £1,243 million, or US $1,650 million using the exchange rate at the time of the offer. The Acquisition will be implemented through a Court-sanctioned scheme of arrangement under Part 26 of the UK Companies Act 2006, and is conditional on shareholder approval, antitrust and regulatory clearances, and Court sanction. The transaction is expected to complete in the first quarter of 2022. To finance the deal, Bidco entered into an Interim Facility Agreement with Royal Bank of Canada and other financial institutions, providing a term loan facility of US $1,680,000,000, with the Company as guarantor. The facility carries a margin of 1.00 percent per annum over the alternate base rate or 2.00 percent per annum over adjusted LIBOR, plus fees, and matures ninety days after the first drawdown. In a related commitment letter, SS&C Technologies, Inc. agreed with Royal Bank of Canada to provide incremental term loan facilities of up to US $1,680 million under its existing 2018 credit agreement, subject to definitive documentation and customary conditions. The Co-operation Agreement between Bidco and Blue Prism includes regulatory cooperation, scheme document assistance, employee arrangements, and customary termination rights, including if the Blue Prism Board withdraws its recommendation or recommends a competing proposal.

Dec 7, 2021 8-K

Earnings & ResultsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Financial Results (Oct 28, 2021)

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) furnished this Form 8-K under Item 2.02 to report its financial results for the quarter and nine months ended September 30, 2021. GAAP revenue for Q3 2021 was $1,264.4 million, up 9.7% from $1,152.8 million, and GAAP diluted EPS was $0.69, up 15.0%. GAAP operating income rose 32.3% to $340.1 million, with operating margin of 26.9%, up 460 bp. Adjusted revenue was $1,266.3 million, up 9.5%, and adjusted diluted EPS was $1.32, up 20.0%. Adjusted organic revenue growth for the quarter was 8.2%. Management highlighted record adjusted consolidated EBITDA attributable to SS&C of $538.9 million for the quarter and $1,541.9 million for the first nine months. Net cash from operating activities was $944.9 million for the nine months, up 25.1% from $755.1 million. The company repurchased 2.1 million shares in Q3 2021 at an average price of $75.97 for $162.9 million and paid down $317.8 million of debt in the first nine months. Consolidated net leverage stood at 2.96 times and secured net leverage at 1.97 times consolidated EBITDA attributable to SS&C. For Q4 2021, the company guided to adjusted revenue of $1,225.0 to $1,275.0 million and adjusted diluted EPS of $1.17 to $1.25. For full-year 2021, it guided to adjusted revenue of $4,988.0 to $5,038.0 million, adjusted diluted EPS of $4.92 to $4.99, and cash from operating activities of $1,365.0 to $1,385.0 million. The company also noted it will host a virtual analyst day on November 10, 2021.

Oct 28, 2021 8-K

Leadership ChangesOther EventsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Executive Changes (Sep 1, 2021)

SS&C Technologies Holdings, Inc. reported on Form 8-K dated September 1, 2021 two leadership changes in its legal function. Joseph J. Frank, Senior Vice President, Chief Legal Officer and Secretary, is leaving the Company to pursue other opportunities. Under an agreement dated August 27, 2021, the Company will pay Mr. Frank $1,300,000 and reimburse the employer portion of his COBRA continuation premiums for eighteen months. He will also serve as a consultant from August 31, 2021 through October 31, 2021 for a fee of $200,000 aggregate, focused on transition services for the Company and its new General Counsel. The full agreement is to be filed as an exhibit to the Company's Form 10-Q for the quarter ended September 30, 2021. The Company also announced that Jason White has been appointed General Counsel. According to the attached press release (Exhibit 99.1), he will be the chief legal officer reporting to Bill Stone, Chairman and Chief Executive Officer, will lead the legal department, and will serve as Corporate Secretary. Mr. White joined SS&C in 2018 from Shearman & Sterling LLP, where he was a New York Finance Partner and Co-Chair of the General Practice Group, and previously was a senior attorney at Barclays in New York. The filing is primarily a management transition disclosure. It contains no financial results, guidance, or operating metrics. The financial cost of the departure is limited to the stated payment, COBRA reimbursement, and consulting fee.

Sep 1, 2021 8-K

Earnings & ResultsOther EventsExhibits & Filings

SS&C Technologies Holdings 8-K Report, Financial Results (Jul 28, 2021)

SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) reported second-quarter 2021 GAAP revenue of $1,259.0 million, up 10.6%, and GAAP diluted earnings per share of $0.71, up 10.9%. Adjusted revenue was $1,261.0 million, up 10.5%, and adjusted diluted earnings per share was $1.24, up 19.2%. Management cited adjusted organic revenue growth of 7.2% for the quarter and reported record adjusted consolidated EBITDA of $511.1 million for the quarter. GAAP operating income rose 29.7% to $312.9 million, and operating income margin was 24.9%. The Board authorized a new stock repurchase program of up to $1 billion of common stock, a $250 million increase over the prior program. The program may be executed on the open market, through privately negotiated transactions, or under a Rule 10b5-1 plan, may be suspended or discontinued at any time, and runs for one year from the Board's authorization. In the quarter the company repurchased 2.0 million shares for $143.6 million at an average price of $73.44. Net cash from operating activities was $562.3 million for the six months ended June 30, 2021, and the net leverage ratio stood at 3.12 times consolidated EBITDA. For the third quarter of 2021, the company guided to adjusted revenue of $1,205.0 to $1,245.0 million and adjusted diluted EPS of $1.15 to $1.21. Full-year 2021 guidance calls for adjusted revenue of $4,921.0 to $5,001.0 million, adjusted diluted EPS of $4.70 to $4.82, and cash from operating activities of $1,305.0 to $1,345.0 million. The company also announced a joint venture, DomaniRx, to build a cloud-native claims adjudication platform for pharmacy benefit management.

Jul 28, 2021 8-K

Material AgreementsRegulation FDExhibits & Filings

SS&C Technologies Holdings 8-K Report, Material Agreement (Jul 21, 2021)

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) disclosed on July 21, 2021 that on July 15, 2021 its subsidiary SS&C Technologies, Inc. entered into a joint venture, DomaniRx, LLC, with Anthem, Inc. and Humana Inc. to develop a cloud-native, API-driven platform to support a full-service pharmacy benefits manager (PBM). SS&C holds an 80.2% interest in the joint venture, while Humana and Anthem each hold minority interests. The parties have committed up to an aggregate of approximately $925,000,000 in cash, property and/or services to the development project. This includes $138,300,000 in initial cash contributions, a non-exclusive license of SS&C's RxNova claims processing platform, assignment of an existing SS&C services agreement with Humana upon receipt of all approvals, and up to approximately $400,000,000 in additional cash, property interests and/or services under certain circumstances. SS&C and its affiliates will initially perform development, day-to-day management and shared services under subcontract for market-based fees. The arrangement also gives SS&C the right, under certain circumstances, to a license back of RxNova improvements for market-based fees. Anthem and Humana may exit the joint venture and receive a license to the PBM Platform in certain circumstances, including failure to implement the platform on the agreed timeline. Humana is expected to be the joint venture's first customer.

Jul 21, 2021 8-K

Shareholder Matters

SS&C Technologies Holdings 8-K Report, Shareholder Vote Results (May 24, 2021)

SS&C Technologies Holdings, Inc. filed this Form 8-K to report the voting results from its annual meeting of stockholders held on May 19, 2021. Stockholders elected Jonathan E. Michael as a Class II director to serve a term expiring at the 2024 annual meeting, with 165,705,980 votes for, 38,695,382 withheld, and 35,492,341 broker non-votes. Stockholders approved, on a non-binding advisory basis, the compensation of the company's named executive officers, with 177,734,384 votes for, 26,148,454 against, 518,524 abstentions, and 35,492,341 broker non-votes. Stockholders also ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2021, with 233,735,547 votes for, 5,801,325 against, and 356,831 abstentions. For investors, the filing reports routine annual meeting outcomes: a director election, a say-on-pay vote, and auditor ratification. It does not disclose financial results, new transactions, or changes in strategy.

May 24, 2021

Page 1 of 4