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SS&C Technologies Inc - SSNC STOCK NEWS

Welcome to our dedicated page for SS&C Technologies news (Ticker: SSNC), a resource for investors and traders seeking the latest updates and insights on SS&C Technologies stock.

SS&C Technologies Inc. (NASDAQ: SSNC), founded in 1986, is a global provider of software products and software-enabled services that focus primarily on the financial services and healthcare sectors. Headquartered in Windsor, Connecticut, SS&C operates worldwide, offering solutions that encompass account administration, asset valuation, compliance processing, data gathering, investment accounting, performance measurement, and regulatory reporting.

The company caters to a diverse clientele, including asset managers, banks, financial advisors, insurance companies, real estate investment trusts (REITs), and alternative investment firms. SS&C's offerings are tailored to meet the specific needs of each industry, ensuring operational excellence and compliance with regulatory requirements. By leveraging state-of-the-art technology, SS&C helps its clients manage and account for investments totaling over $44 trillion.

SS&C's product suite includes SS&C GlobeOp, which provides fund administration services to alternative and traditional asset managers, and Intralinks, a leading provider of Virtual Data Room solutions. The acquisition of DST Systems in 2018 expanded SS&C's footprint into the healthcare sector, adding pharmacy health management solutions and medical claim administration services to its portfolio. More recently, in 2022, SS&C acquired Blue Prism, further enhancing its intelligent automation capabilities.

SS&C's latest strategic moves include a partnership with Regnology to deliver an integrated risk and regulatory reporting solution designed to streamline compliance and analytical insights. This collaboration aims to help financial institutions adapt swiftly to regulatory changes, enhancing their operational efficiency.

Financially, SS&C has demonstrated robust performance, with record adjusted revenue and consolidated EBITDA for the full year 2023. The company generated over $1.2 billion in operating cash flow and maintains a strong cash position with a net leverage ratio of 3.05 times consolidated EBITDA. Despite global economic uncertainties, SS&C continues to see opportunities in both the financial services and healthcare markets, driven by strategic acquisitions and partnerships.

SS&C is also enhancing its global reach, recently receiving regulatory approval to expand its fund administration services in the Abu Dhabi Global Market. This move reinforces SS&C's commitment to providing comprehensive financial technology solutions across different regions and markets.

News

SS&C Intralinks Sees M&A Deal Flow Holding Steady in Q1 2024

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SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) predicts steady global and regional mergers and acquisitions (M&A) volume for Q1 2024, with marginal risk of decline. Geopolitical risks dampen volume outside of North America. Ken Bisconti, Co-Head of SS&C Intralinks, states that deal flow has remained stable over the last three years.
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SS&C Technologies Welcomes Seasoned Global Business Leader Debra Walton-Ruskin to its Board of Directors

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SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) appoints Debra Walton-Ruskin as a new independent director to its Board of Directors. Debra is a seasoned global business leader with extensive experience in financial data, data operations, and executive leadership roles. She brings expertise in fintech, global markets, and sustainability, aligning with SS&C's strategic goals. Debra's appointment is expected to contribute to the company's continued innovation and client service.
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Harbor Capital Advisors Chooses SS&C's Front-to-Back Solution to Power Distinct Global Allocation ETF

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SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced that Harbor Capital Advisors has selected its front-to-back investment management platform for the Harbor Multi-Asset Explorer ETF. The ETF, launched in September, is designed to invest in a diversified portfolio of exchange-traded funds, providing exposure to various asset classes. Harbor Capital, with $45.1 billion in assets under management as of September 30, 2023, uses Eze OMS for trading and has upgraded to a seamless front-to-back solution with the addition of SS&C Geneva for fund accounting and daily operational support for certain ETFs.
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PRINCIPAL REAL ESTATE INCOME FUND DECLARES MONTHLY DISTRIBUTIONS OF $0.105 PER SHARE

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Principal Real Estate Income Fund (PGZ) announces monthly distributions of $0.105 per common share, with an annualized distribution rate of 11.56%. The Fund's net asset value share price is $10.90, and the distributions are payable on February 29, 2024, March 28, 2024, and April 30, 2024.
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SS&C GlobeOp Forward Redemption Indicator

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SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced that the SS&C GlobeOp Forward Redemption Indicator for December 2023 measured 3.64%, up from 3.49% in November. The indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on the SS&C GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the SS&C GlobeOp platform. The Indicator data is based on actual investor redemption notifications received, and movements in the Indicator reflect investor confidence in their allocations to hedge funds. SS&C GlobeOp Hedge Fund Performance Index is also provided, with year-to-date (YTD) performance at 1.99%, last 12-month (LTM) performance at 6.25%, and life to date (LTD) performance at 6.99%.
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SS&C GlobeOp Hedge Fund Performance Index and Capital Movement Index

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SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced that the gross return of the SS&C GlobeOp Hedge Fund Performance Index November 2023 measured 1.99%. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 0.47% in December.
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PRINCIPAL REAL ESTATE INCOME FUND CONTINUES SHARE REPURCHASE PROGRAM

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Principal Real Estate Income Fund (PRIF) Announces Renewal of Share Repurchase Program
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SS&C ALPS Advisors Adds Fixed Income ETF to the Lineup

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SS&C ALPS Advisors, a subsidiary of SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), has partnered with Smith Capital Investors to launch the ALPS | Smith Core Plus Bond ETF (NYSE Arca: SMTH), an active, fixed income ETF. The new ETF offers an actively managed, dynamic approach where stability meets opportunity in the world of fixed income. The Fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets in bonds, including government notes and bonds, corporate bonds, mortgage-backed securities, and zero-coupon bonds. The Fund will target a weighted average effective duration +/- 40% of the current effective duration of the Bloomberg US Aggregate Bond Index. The ALPS | Smith Core Plus Bond ETF seeks above average total return from a combination of current income and capital appreciation.
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SmartStop Self Storage REIT Selects SS&C for Transfer Agency

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SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has been chosen by SmartStop Self Storage REIT, Inc. to provide transfer agency services for all of its sponsored REITs. SmartStop is the largest public non-traded self-storage REIT in the U.S. with over $2.9 Billion in assets. SS&C, the transfer agent to 18 of the top 20 non-traded REITs, offers comprehensive real estate services globally, including fund administration, property management, and investment-level oversight.
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SS&C GlobeOp Forward Redemption Indicator

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SS&C Technologies Holdings, Inc. (SSNC) announced that the SS&C GlobeOp Forward Redemption Indicator for November 2023 measured 3.49%, up from 2.29% in October. The indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on the SS&C GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients. Despite volatility in equity and fixed income markets, moderating Fed interest rate policies, and geopolitical uncertainty, hedge fund asset retention appears to be stable. The SS&C GlobeOp Hedge Fund Performance Index shows a flash estimate of -1.06% for the current month, with a 3.89% year-to-date performance and a 4.75% life-to-date performance. The SS&C GlobeOp Capital Movement Index indicates an all-time high of 150.77 in September 2013 and an all-time low of 99.67 in January 2006. The SS&C GlobeOp Forward Redemption Indicator reached an all-time high of 19.27% in November 2008 and an all-time low of 1.48% in April 2022.
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FAQ

What is the current stock price of SS&C Technologies (SSNC)?

The current stock price of SS&C Technologies (SSNC) is $75.41 as of December 23, 2024.

What is the market cap of SS&C Technologies (SSNC)?

The market cap of SS&C Technologies (SSNC) is approximately 18.4B.

What does SS&C Technologies Inc. specialize in?

SS&C Technologies Inc. specializes in providing software products and software-enabled services primarily for the financial services and healthcare sectors.

Where is SS&C Technologies headquartered?

SS&C Technologies is headquartered in Windsor, Connecticut.

Who are the primary clients of SS&C Technologies?

SS&C's primary clients include asset managers, banks, financial advisors, insurance companies, real estate investment trusts (REITs), and alternative investment firms.

What significant acquisitions has SS&C Technologies made recently?

SS&C Technologies recently acquired Blue Prism in 2022 and DST Systems in 2018, expanding its capabilities in intelligent automation and healthcare services.

What is SS&C GlobeOp?

SS&C GlobeOp provides fund administration services to alternative and traditional asset managers.

What recent partnership has SS&C Technologies announced?

SS&C Technologies announced a strategic partnership with Regnology to provide an integrated risk and regulatory reporting solution.

How much in assets do SS&C's clients manage?

SS&C's clients manage over $44 trillion in assets.

What is SS&C Intralinks?

SS&C Intralinks is a leading provider of Virtual Data Room solutions, facilitating secure information flow in M&A, capital raising, and investor reporting.

How did SS&C perform financially in 2023?

SS&C posted record adjusted revenue and consolidated EBITDA for 2023, generating over $1.2 billion in operating cash flow.

What recent regulatory approval has SS&C Technologies received?

SS&C Technologies received regulatory approval to offer fund administration services within the Abu Dhabi Global Market.

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SS&C Technologies Inc

Nasdaq:SSNC

SSNC Rankings

#573 Ranked by Market Cap
#1669 Ranked by Dividends

SSNC Stock Data

18.44B
214.90M
13.19%
84.48%
0.94%
Software - Application
Services-prepackaged Software
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United States of America
WINDSOR