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.
SS&C Technologies (Nasdaq: SSNC) has launched its Treasury Management Platform, now operational for Emso Asset Management, which manages $6.8 billion in assets. This platform enhances treasury workflows, facilitating real-time cash management and cash flow forecasting across 36 funds. Emso's Treasury Manager, Gareth Jamieson, highlighted the platform's data analysis capabilities, boosting confidence in liquidity. SS&C's Head of Middle Office Solutions, Jon Anderson, emphasized the platform's efficiency and scalability to empower clients in managing portfolios.
SS&C Technologies Holdings reported that its GlobeOp Forward Redemption Indicator for January 2022 decreased to 1.52%, down from 2.54% in December 2021. This marks the lowest monthly redemption level since the Indicator's inception in 2008 and represents a year-over-year decrease from 1.78% in January 2021. The reduction reflects growing investor confidence amid the Omicron variant's rise. The Forward Redemption Indicator is crucial for understanding hedge fund investor sentiment, as it tracks redemption notices against assets under administration.
SS&C Technologies Holdings will announce its fourth quarter and full year 2021 financial results on February 10, 2022, after market close. The upcoming earnings call is scheduled for the same day at 5:00 p.m. ET. Investors can access the press release via SS&C's website or PR Newswire. The audio replay of the call will be available starting 8:00 p.m. on February 10 until midnight on February 21, 2022.
SS&C, a leader in financial services and healthcare software, supports around 18,000 organizations globally.
SS&C Technologies (Nasdaq: SSNC) will have President and COO Rahul Kanwar present at the 24th Annual Needham Virtual Growth Conference on January 11, 2022, at 4:15 PM ET. The conference offers insights into the company's strategic initiatives and market positioning. Investors can access webcasts and presentation materials on the company's investor relations website.
Founded in 1986 and headquartered in Windsor, Connecticut, SS&C provides software and services to approximately 18,000 organizations in the financial services and healthcare sectors.
SS&C Technologies (Nasdaq: SSNC) released its Q1 2022 SS&C Intralinks Deal Flow Predictor, indicating a stable M&A environment. Announced global M&A transactions are expected to be flat compared to Q4 2021 but show growth over Q1 2021. Key forecasts include:
- Asia Pacific: >10% growth vs. Q1 2021.
- Europe, Middle East, and Africa: >10% growth vs. Q1 2021, but a >5% dip vs. Q4 2021.
- Latin America: >10% growth vs. Q1 2021.
- North America: 10% growth vs. Q1 2021.
SS&C Intralinks is recognized for facilitating significant financial transactions.
SS&C Technologies (Nasdaq: SSNC) has introduced the SS&C Algorithmics 18f-4 Analytics Service, designed to assist fund managers in complying with the new SEC Rule 18f-4, effective August 2022. This scalable, cloud-based platform enables firms to generate necessary compliance reports and conduct risk analysis for derivatives investments.
With integrated capabilities and robust reporting tools, the service simplifies the complex reporting requirements for registered investment companies. This solution positions SS&C to effectively support clients navigating evolving regulatory landscapes.
O’Shares ETFs has entered into a strategic transaction with SS&C ALPS Advisors, managing over $8.6 billion in ETFs and a total AUM surpassing $17.6 billion. This agreement aims to enhance the distribution and growth of O’Shares ETFs, leveraging SS&C ALPS' extensive resources. The ETFs will be reorganized into newly created funds by SS&C ALPS, pending approval from respective boards and shareholders. O’Shares will maintain its proprietary indexes and marketing support post-transaction, indicating a focus on quality and capital preservation.
Principal Real Estate Income Fund (PGZ) announces a 14.29% increase in monthly distributions to $0.10 per share starting in February. This adjustment reflects an annualized distribution rate of 6.75%, based on a net asset value share price of $17.79 as of December 27, 2021. Relevant distribution dates are provided for February to April 2022. Investors are reminded of the inherent risks, including potential investment losses, fluctuating net asset values, and reliance on various income sources for distributions. Investing in the Fund is recommended as a long-term strategy.
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?
