Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>SS&C Technologies reported a record third quarter in 2024 with adjusted revenue reaching $1,466.8 million, marking a 7.3% increase.</li><li>Adjusted diluted earnings per share also saw substantial growth at 10.3%, setting at $1.29.</li><li>The company highlighted a notable 6.4% growth in adjusted organic revenue.</li></ul>

SS&C Technologies reported a record third quarter in 2024 with adjusted revenue reaching $1,466.8 million, marking a 7.3% increase.Adjusted diluted earnings per share also saw substantial growth at 10.3%, setting at $1.29.The company highlighted a notable 6.4% growth in adjusted organic revenue.

SS&C Technologies Holdings:  Enhanced Cloud-Native Solutions

Global TMT Analyst, Ex-PM, 30 years experience

Neil Campling

Thematic (Sector/Industry)

<ul>
<li>Apple iPhone 16 pre-orders weak and Questions on Apple Intelligence remain</li>
<li>Big software investor days. Expect AI to feature big on hype, but what to expect from TAM to ARR to products?</li>
<li>Semis: Samsung challenges, Intel relief but pressures remain, TSM momentum, this time with ByteDance </li>
</ul>


Apple iPhone 16 pre-orders weak and Questions on Apple Intelligence remain
Big software investor days. Expect AI to feature big on hype, but what to expect from TAM to ARR to products?
Semis: Samsung challenges, Intel relief but pressures remain, TSM momentum, this time with ByteDance 


TMT Daily:Apple, TikTok, PINS, Semis (TSM, Samsung, Intel), Software (EA, CRM, CRWD, WDAY, HUBS),EVs

<ul><li>SS&C Technologies reported encouraging results for the second quarter of 2024.</li><li>The company experienced a record adjusted revenue of $1.4524 billion, which grew by 6.5% and surpassed expectations by $20 million.</li><li>Adjusted diluted earnings per share also saw a significant increase of 17.6% to $1.27.</li></ul>

SS&C Technologies reported encouraging results for the second quarter of 2024.The company experienced a record adjusted revenue of $1.4524 billion, which grew by 6.5% and surpassed expectations by $20 million.Adjusted diluted earnings per share also saw a significant increase of 17.6% to $1.27.

SS&C Technologies Holdings: Strategic Acquisitions to Bolster Market Position & Dealing With Its Biggest Risks! - Major Drivers

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>The <a href="https://www.smartkarma.com/entities/ansarada-group-ltd" target="_blank" data-smartkarma-citation="entities:30718:1" rel="noopener">Ansarada Group Ltd (AND AU)</a> IE considers Datasite’s A$2.50 scheme offer fair and reasonable. However, the inter-conditional carve-out transaction is NOT fair but reasonable. </li>
<li>ACCC clearance (findings on 6 June) is a prerequisite for FIRB approval (scheme condition). As Datasite has a limited Australian presence, ACCC approval should be forthcoming. </li>
<li>The offer is attractive, with no vocal shareholder opposition. At the last close and for the 1 July payment, the gross/annualised spread was 2.5%/12.2%.</li>
</ul>


The Ansarada Group Ltd (AND AU) IE considers Datasite’s A$2.50 scheme offer fair and reasonable. However, the inter-conditional carve-out transaction is NOT fair but reasonable. 
ACCC clearance (findings on 6 June) is a prerequisite for FIRB approval (scheme condition). As Datasite has a limited Australian presence, ACCC approval should be forthcoming. 
The offer is attractive, with no vocal shareholder opposition. At the last close and for the 1 July payment, the gross/annualised spread was 2.5%/12.2%.


Ansarada (AND AU): Scheme Vote on 14 June

<ul><li>In the Q1 2024 earnings, SS&C Technologies announced a record adjusted revenue of $1,435.8 million, marking a 5.3% increase, and adjusted diluted earnings per share were at $1.28, a 12.3% increase.</li><li>The business also reported a record Q1 high for adjusted consolidated EBITDA at $556.8 million, with the EBITDA margin at 38.8%.</li><li>SS&C Technologies indicated a strong first quarter with notable strength in alternatives, retirement, Intralinks, and Op adviser businesses.</li></ul>

In the Q1 2024 earnings, SS&C Technologies announced a record adjusted revenue of $1,435.8 million, marking a 5.3% increase, and adjusted diluted earnings per share were at $1.28, a 12.3% increase.The business also reported a record Q1 high for adjusted consolidated EBITDA at $556.8 million, with the EBITDA margin at 38.8%.SS&C Technologies indicated a strong first quarter with notable strength in alternatives, retirement, Intralinks, and Op adviser businesses.

SS&C Technologies Holdings: Will The Strong Organic Growth Trend Last? - Major Drivers

United States

SS&C Technologies Holdings, Inc. develops and markets computer software for financial services providers.  The software enables trading and modeling, portfolio management and reporting, accounting, performance measurement, reconciliation, reporting, processing, and clearing.

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SS&C Technologies (SSNC US)

SS&C Technologies Holdings: Enhanced Cloud-Native Solutions

SS&C Technologies reported a record third quarter in 2024 with adjusted revenue reaching $1,466.8 million, marking a 7.3% increase. Adjusted...

Baptista Research

TMT Daily:Apple, TikTok, PINS, Semis (TSM, Samsung, Intel), Software (EA, CRM, CRWD, WDAY, HUBS),EVs

Apple iPhone 16 pre-orders disappointing. Big software investor days AI hype and product expectations. Challenges for Samsung, Intel relief short...

Neil Campling

SS&C Technologies Holdings: Strategic Acquisitions to Bolster Market Position & Dealing With Its Biggest Risks! - Major Drivers

SS&C Technologies reported encouraging results for the second quarter of 2024. The company experienced a record adjusted revenue of $1.4524...

Baptista Research

Ansarada (AND AU): Scheme Vote on 14 June

Datasite has received ACCC clearance for the Ansarada scheme privatisation, which is a prerequisite for FIRB approval (scheme condition). The...

Arun George

SS&C Technologies Holdings: Will The Strong Organic Growth Trend Last? - Major Drivers

In the Q1 2024 earnings, SS&C Technologies announced a record adjusted revenue of $1,435.8 million, marking a 5.3% increase, and adjusted...

Baptista Research

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52-week Range

Market Cap (USDm)

P/E

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SS&C Technologies Holdings: Enhanced Cloud-Native Solutions

SS&C Technologies reported a record third quarter in 2024 with adjusted revenue reaching $1,466.8 million, marking a 7.3% increase. Adjusted...

Baptista Research

TMT Daily:Apple, TikTok, PINS, Semis (TSM, Samsung, Intel), Software (EA, CRM, CRWD, WDAY, HUBS),EVs

​Apple iPhone 16 pre-orders disappointing. Big software investor days AI hype and product expectations. Challenges for Samsung, Intel relief short...

Neil Campling

SS&C Technologies Holdings: Strategic Acquisitions to Bolster Market Position & Dealing With Its Biggest Risks! - Major Drivers

SS&C Technologies reported encouraging results for the second quarter of 2024. The company experienced a record adjusted revenue of $1.4524...

Baptista Research

Ansarada (AND AU): Scheme Vote on 14 June

Datasite has received ACCC clearance for the Ansarada scheme privatisation, which is a prerequisite for FIRB approval (scheme condition). The...

Arun George

SS&C Technologies Holdings: Will The Strong Organic Growth Trend Last? - Major Drivers

In the Q1 2024 earnings, SS&C Technologies announced a record adjusted revenue of $1,435.8 million, marking a 5.3% increase, and adjusted...

Baptista Research

Apple iPhone 16 pre-orders disappointing. Big software investor days AI hype and product expectations. Challenges for Samsung, Intel relief short...