Baron Funds Comments on SS&C Technologies Inc

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Mar 20, 2015

Strength in IT was largely attributable to the outperformance of MAXIMUS, Inc. (MMS) and SS&C Technologies, Inc. (SSNC), which were also the Fund’s two largest contributors to absolute performance.

After almost doubling in 2013, shares of financial technology vendor SS&C Technologies Holdings, Inc. (SSNC) rallied in the fourth quarter. We expect continued improvement in SS&Cs revenue trends over the next few quarters due to positive secular trends in fund administration, improving end markets, and recognition of deferred revenue. We are excited by the recent acquisition of DST Global Solutions, and expect additional accretive acquisitions of fund administrators and bolt-on technologies by the company. (Neal Rosenberg)

From Ron Baron (Trades, Portfolio)’s Baron Growth Fund Q4 2014 Quarterly Report.