As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the data & business process services industry, including Dun & Bradstreet (NYSE:DNB) and its peers.
SS&C Technologies Holdings Inc. (NASDAQ: SSNC) expands its global footprint with a new office in Riyadh. The move strengthens ties with Saudi regulators and supports the Kingdom's Vision 2030 goals. SS&C already serves 850 clients in the Middle East, including 150 in Saudi Arabia.
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the data & business process services industry, including SS&C (NASDAQ:SSNC) and its peers.
Business services providers play a critical role for enterprises, assisting them with everything from new hardware integrations to consulting and marketing. But cutbacks in corporate spending and the threat of new AI products have kept sentiment in check,
and over the past six months, the industry has tumbled by 1.1%. This performance was disheartening since the S&P 500 held steady.
Automating business processes is a tall order. It also happens to be the exact problem that SS&C Technologies Holdings Inc. decided to tackle. Despite a 41% surge over the last year, the stock has remained significantly undervalued.
It's a mixed session on Wall Street, with major indices struggling for direction as investors hold their breath ahead of a key jobs report set for Friday morning. The S&P 500 and the Nasdaq 100 edged up 0.3%, while the Dow Jones slipped 0.1% and small caps held steady.
