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.
O’Shares ETFs has completed a strategic transaction with SS&C Technologies to reorganize its ETFs into those managed by SS&C ALPS Advisors, which oversees over $19 billion in assets under management (AUM). The transitioning ETFs will retain their original target indices and ticker symbols: OUSA, OUSM, OEUR, and OGIG. This partnership aims to enhance distribution and growth in the ETF market, as expressed by O’Shares executives, Kevin O’Leary and Connor O’Brien, who anticipate increased reach for their investment strategies.
SS&C Technologies (Nasdaq: SSNC) announced that Secfi, a leader in employee equity planning and financing, has selected SS&C for fund administration and accounting services. This partnership aims to enhance support for private company shareholders seeking liquidity for employee stock options. SS&C's technology will streamline pre-IPO equity financing, facilitating growth in the private credit lending sector. Secfi's COO praised SS&C for its flexibility and expertise, anticipating future market expansion.
SS&C Technologies Holdings (Nasdaq: SSNC) has announced an extension of its long-standing Transfer Agency services relationship with Federated Hermes, a leader in responsible investing. This partnership, lasting nearly 50 years, ensures SS&C will continue to provide domestic transfer agency services for Federated's $631 billion AUM. The collaboration leverages SS&C's advanced Lyric technology platform, enhancing services like recordkeeping and transaction processing. This extension underscores the trust and mutual commitment between both firms to deliver high-quality service to clients.
SS&C Technologies Holdings, a global software provider for financial services and healthcare, announced that President and COO Rahul Kanwar will present at the RBC Capital Markets Financial Technology Conference on June 14, 2022, at 4:05 pm ET in New York. The presentation will be available via webcast on the company's investor relations website. Established in 1986 and headquartered in Windsor, Connecticut, SS&C serves around 20,000 organizations, including major financial firms and healthcare providers.
SS&C Technologies Holdings has partnered with Windward Management LP, a Miami-based hedge fund, to launch its operations using SS&C's front-to-back office solution. This collaboration includes fund administration, order management, investor relations, and compliance services. Windward Management, led by Marc Chalfin, employs a long/short fundamental value investing strategy focusing on the Consumer and Industrial sectors. SS&C aims to leverage its operational technology and expertise to support the growth of Windward Management and similar entities in the financial sector.
SS&C Technologies has announced that Cowen Digital, part of Cowen Inc., is leveraging SS&C Eze's institutional OEMS platform for digital asset trading solutions. This partnership responds to increasing institutional demand for access to digital assets, aiming to enhance liquidity and market data. Clients can now trade 16 leading tokens through Cowen's platform, benefiting from seamless broker-agnostic access to liquidity and market insights. SS&C's offerings enable comprehensive integration of crypto assets into traditional investment operations, promoting efficiency and global reach.
SS&C Technologies Holdings (Nasdaq: SSNC) has launched the ALPS Intermediate Municipal Bond ETF (MNBD), managed by its subsidiary SS&C ALPS Advisors in partnership with Brown Brothers Harriman & Co. The ETF adopts a bottom-up investment strategy aimed at providing tax-free income and potential capital appreciation through a diversified portfolio of investment-grade municipal bonds. With 100% bottom-up investments, the fund seeks to capitalize on inefficiencies in the municipal bond market, supported by BBH's extensive experience in managing municipal securities.
SS&C GlobeOp Forward Redemption Indicator for May 2022 reached 1.97%, an increase from 1.48% in April, indicating a favorable trend in hedge fund asset retention. This reduction in termination notices is notable, considering a decrease from 2.46% a year ago. The SS&C GlobeOp indicator is vital for assessing investor confidence in hedge funds, calculated from actual redemption notifications. The next update will be published on June 21, 2022.
FAQ
What is the current stock price of SS&C Technologies (SSNC)?
What is the market cap of SS&C Technologies (SSNC)?
What does SS&C Technologies Inc. specialize in?
Where is SS&C Technologies headquartered?
Who are the primary clients of SS&C Technologies?
What significant acquisitions has SS&C Technologies made recently?
What is SS&C GlobeOp?
What recent partnership has SS&C Technologies announced?
How much in assets do SS&C's clients manage?
What is SS&C Intralinks?
How did SS&C perform financially in 2023?
What recent regulatory approval has SS&C Technologies received?
