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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.
SS&C Technologies (Nasdaq: SSNC) announced an extension of its transfer agency services for Jupiter Asset Management, managing a portfolio exceeding GBP28 billion. This partnership enhances SS&C's commitment to evolving digital solutions and delivering superior client service. Jupiter will utilize SS&C's advanced analytics to improve insights into fund flows. Key executives from both companies emphasized the importance of their long-term relationship and the shared goal of optimizing client experiences through digital advancements.
SS&C Technologies Holdings (Nasdaq: SSNC) declared a quarterly dividend of $0.20 per share, reaffirming its commitment to shareholder returns. This dividend is scheduled for payment on December 15, 2022, to stockholders of record as of the close on December 1, 2022. Founded in 1986 and headquartered in Windsor, Connecticut, SS&C serves a global clientele in the financial services and healthcare sectors, emphasizing its role as a trusted partner for over 20,000 organizations worldwide.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has announced significant updates to its SS&C Advent solutions, including Advent Genesis, Geneva, Advent Managed Services, and Advent Syncova. Key enhancements focus on improving portfolio management, analytics, and operational services. Notable advancements include up to 90% reduction in workflow durations and increased flexibility in performance metrics. The updates aim to address market demands and enhance client experiences in a rapidly evolving financial services landscape.
The Alerian MLP ETF (NYSE Arca: AMLP) announced a fourth quarter 2022 distribution of $0.75 per share, declared on November 8, 2022. Shareholders on record as of November 10, 2022, will receive the dividend on November 16, 2022. The distribution is estimated to be a 100% return of capital. Important dates include the ex-date on November 9, 2022, and the record date on November 10, 2022. Investors should be aware that the Fund is taxed as a regular corporation, which can affect distributions.
SS&C Technologies (Nasdaq: SSNC) has been selected by Bitwise Asset Management, the largest crypto index fund manager, to utilize its Eze Investment Suite for managing $1.3 billion in assets across 15 strategies, including crypto ETFs and NFT funds. The suite will streamline trading operations and enhance portfolio management, compliance, and data flows while providing connectivity to OTC trading desks. This partnership underscores SS&C's commitment to supporting the evolving digital asset landscape.
SS&C Technologies (Nasdaq: SSNC) announced its participation in two upcoming investor conferences. Rahul Kanwar, President and COO, will speak at the Citi Fintech Conference on November 14, 2022, at 9:45 am ET in New York. Patrick Pedonti, CFO, will present at the RBC Capital Markets Conference on November 15, 2022, at 4:20 pm ET, also in New York. Webcasts of both presentations will be available on SS&C's investor relations website.
XP Investments US, a subsidiary of XP Inc., will utilize SS&C's trade management solutions to enhance trading operations. By integrating SS&C MarketTrader and SS&C Eze EMS, XP aims to improve trade cost analysis and compliance monitoring. This partnership supports multi-currency, multi-asset trading, and meets CAT reporting requirements. XP Inc. currently manages R$925 billion in client assets and serves 3.8 million active clients, positioning itself as a key player in Brazil's financial services landscape.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced that over 25 clients have adopted its cloud-native investment operations platform, SS&C Aloha, over the past year. Clients from 15 countries, including Trustees Executors Limited from Australia, are leveraging the platform to enhance their investment operations with a single data model and real-time updates. SS&C Aloha aims to streamline operations and reduce overhead for wealth and asset managers, providing an intuitive user experience with integrated intelligent technologies.
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