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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 Holdings, Inc. (Nasdaq: SSNC) has announced an increase in its quarterly dividend from $0.24 to $0.25 per share. The dividend will be payable on September 16, 2024, to stockholders of record as of September 3, 2024. This decision reflects the company's strong financial performance, with net cash from operating activities reaching $385 million in the second quarter, a 16.8% increase year-over-year. CEO Bill Stone emphasized the company's commitment to creating long-term shareholder value through prudent cash flow management and strategic capital allocation.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has released the 'SS&C Intralinks How Deal Terms Impact Due Diligence' report, analyzing over 900 global M&A transactions from 2013 to 2023. Key findings reveal that private target due diligence periods are nearly twice as long as public acquisitions, averaging 234 days compared to 125 days. Private deals also require almost double the documentation and collaboration.
The study highlights that medium-length due diligence periods of around 139 days tend to produce the best outcomes, with higher completion rates and better total shareholder returns of up to 4%. The research also notes an increase in the average pre-announcement due diligence period from 124 days in 2014 to 203 days in the last decade.
SS&C Blue Prism has been recognized as a Leader in the 2024 Gartner Magic Quadrant for Robotic Process Automation (RPA) for the sixth consecutive year. This achievement highlights SS&C's commitment to providing a comprehensive and effective intelligent automation platform for its customers.
Key points:
- Over 2,800 companies worldwide use SS&C Blue Prism for intelligent automation
- SS&C's platform serves various industries, including financial services, insurance, health and pharma, and banking
- SS&C Technologies (Nasdaq: SSNC) is a global provider of services and software for financial services and healthcare industries
- Founded in 1986, SS&C has approximately 20,000 client organizations ranging from large companies to small and mid-market firms
This recognition reinforces SS&C's position as a leader in the RPA market and its dedication to helping organizations transform their operations and drive growth through intelligent automation solutions.
The Alerian MLP ETF (NYSE Arca: AMLP) has declared its third quarter 2024 distribution of $0.94. The dividend is payable on August 13, 2024 to shareholders of record on August 8, 2024. Key dates include:
- Ex-Date: August 8, 2024
- Record Date: August 8, 2024
- Payable Date: August 13, 2024
The ETF focuses on Master Partnerships (MLPs) in the energy infrastructure sector. Investors should be aware of the risks associated with MLPs, including potential tax implications and market volatility. The fund is taxed as a regular , which may impact its net asset value and returns.
The Alerian Energy Infrastructure ETF (NYSE Arca: ENFR) has declared its third quarter 2024 distribution of $0.34205 on August 7, 2024. The dividend is payable on August 13, 2024 to shareholders of record on August 8, 2024. Key dates include:
- Ex-Date: August 8, 2024
- Record Date: August 8, 2024
- Payable Date: August 13, 2024
The ETF focuses on energy infrastructure and may involve risks related to Master Partnerships (MLPs), Canadian securities, and sector concentration. Investors are advised to carefully consider the fund's objectives, risks, charges, and expenses before investing.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has announced that David M. Rubenstein, Co-Founder and Co-Chairman of The Carlyle Group, will headline the SS&C Deliver 2024 Conference. The event, scheduled for October 6-8, 2024 in New Orleans, is expected to attract over 1,000 professionals from the financial and healthcare sectors. The conference will feature more than 70 breakout sessions, an industry showcase, hands-on learning labs, and evening events. Topics will cover hedge funds, private markets, asset management, insurance investment operations, intelligent automation, retirement, wealth, and healthcare operations. SS&C will also showcase its latest innovations in intelligent automation, asset and wealth management, and alternatives operations.
SS&C Technologies (NASDAQ: SSNC) reported strong Q2 2024 financial results, with GAAP revenue up 6.5% to $1,451.5 million and adjusted revenue also up 6.5% to $1,452.4 million. The company's GAAP diluted EPS increased 47.1% to $0.75, while adjusted diluted EPS rose 17.6% to $1.27. SS&C's organic revenue growth was 6.4%, with financial services recurring revenue growing 7.7%.
Notably, SS&C announced a $1 billion common stock repurchase program, demonstrating confidence in its long-term value. The company also provided guidance for Q3 and full-year 2024, projecting continued growth in revenue and earnings. SS&C's strong performance is attributed to its aggressive stock buybacks and focus on maximizing long-term shareholder value.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has released the SS&C Intralinks 2024 Artificial Intelligence in M&A Report, based on a survey of 300 global M&A professionals. The report highlights the accelerating adoption of AI in the M&A industry, with 97% of participants believing AI will profoundly impact their operations.
Key findings include:
- Talent and skills are seen as the biggest challenges in AI adoption
- 43% have already invested in AI training for deal teams
- 25% cite quality control and reliable performance as top risks
- Predictive analytics and generative AI are considered the most valuable AI tools
The report also explores practical applications of AI in dealmaking, such as generating more accurate valuations and enhancing data analysis. As AI adoption accelerates, it is expected to become a significant competitive differentiator in the M&A industry.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has announced significant updates across its SS&C Advent and Eze solutions for the first half of 2024. The company is focusing on collaboration between teams to deliver innovative solutions. Key highlights include:
1. Introduction of the Genesis platform for a connected investment experience across front, middle, and back offices.
2. Enhancements to Geneva® for alternative investment managers, including new fee structures and automated workflows.
3. Updates to Eze Eclipse with simplified trading workflows and expanded asset class support.
4. Improvements to Eze OEMS with bolstered fixed-income trading capabilities and UI enhancements.
These updates aim to provide clients with cutting-edge technology and services to improve efficiency and accuracy in investment management.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has released its Q3 2024 global and regional M&A predictions through the SS&C Intralinks Deal Flow Predictor. The report indicates a neutral outlook for global Q3 2024 M&A volume, with North America showing signs of growth while other regions remain flat. Key highlights include:
- North America: Strong pre-announced deal volume in Q1 2024, expected to continue throughout 2024
- Asia Pacific: Upward trajectory at the end of Q1, with Australia, Hong Kong, and Japan performing well
- Europe, Middle East, and Africa: Anticipated rebound in H2 2024, but no significant rise in activity expected
- Latin America: Growing interest from foreign investors, with Brazil, Chile, and Colombia showing solid early-stage activity
The SS&C Intralinks Deal Flow Predictor forecasts M&A announcements by tracking early-stage activity from the previous four quarters, typically six months ahead of public announcements.
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