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 Holdings, Inc. (Nasdaq: SSNC), a global leader in financial services and healthcare software solutions, provides this centralized hub for tracking corporate developments and strategic initiatives. Access official press releases, earnings announcements, and operational updates from the company powering fund administration, intelligent automation, and healthcare IT systems worldwide.
This resource delivers timely updates on mergers & acquisitions, product innovations, and regulatory compliance developments across SS&C's core markets. Investors and industry professionals will find essential information about SaaS platform enhancements, strategic partnerships, and financial performance metrics.
Key content categories include detailed coverage of quarterly earnings calls, technology patent filings, and global expansion initiatives. The curated news selection helps stakeholders monitor SS&C's progress in digital transformation for asset managers, insurers, and healthcare providers.
Bookmark this page for streamlined access to SS&C's latest operational milestones. Combine these updates with fundamental analysis tools available through Stock Titan to maintain a comprehensive market perspective.
SS&C Technologies (Nasdaq: SSNC) has announced that KB Asset Management Singapore, part of KB Financial Group, selected its front-to-back office solution for investment operations. The comprehensive platform integrates fund administration, middle-office services, and the Eze Investment Suite, streamlining operations for various asset classes. BH Chung, CEO of KB Asset Management Singapore, highlighted the need for a partner with robust solutions. SS&C aims to help clients manage portfolios efficiently while mitigating risks associated with investment operations.
RiverNorth Opportunities Fund (NYSE: RIV) has successfully completed its transferable rights offering, issuing 4,373,407 new common shares. The offering, which closed on November 5, 2021, priced shares at $16.81 each, based on 97.5% of the Fund's net asset value, generating gross proceeds of approximately $73.5 million. The offering was oversubscribed, with excess requests allocated pro-rata among participating shareholders. As of September 30, 2021, the Fund reported $221 million in net assets and 13.1 million shares outstanding.
SS&C Technologies (Nasdaq: SSNC) has announced the release of product updates across its SS&C Advent solutions, reflecting a commitment to technological growth. Key updates include enhancements to Advent Portfolio Exchange, Advent Outsourcing Services, and Geneva, aimed at streamlining operations and improving user experience. Features such as new APIs, improved task management, and enhanced user interfaces were introduced. The updates cater to clients scaling operations globally, demonstrating SS&C's ongoing investment in innovation.
SS&C Technologies (Nasdaq: SSNC) announced that Trustees Executors Limited has selected its SS&C Aloha investment operations platform for its new joint venture, Flint Wealth. This platform offers comprehensive asset class support, enabling a digital backbone for enhanced investment services powered by advanced technologies including Machine Learning and Predictive Analytics. The system's single database and API services aim to consolidate client investments and improve user experience. Additionally, SS&C will support back-office services for existing products.
SS&C Technologies Holdings announced that American Equity Investment Life Holding Company will migrate its $5.4 billion mortgage loan portfolio to SS&C's Precision LM solution. This partnership aims to enhance loan management operations, automate servicing, and improve regulatory reporting. The system will handle over 800 commercial and 2,000 residential loans, optimizing document management and collaboration. Both companies expect the integration to streamline operations and support American Equity's growth.
SS&C Technologies Holdings (Nasdaq: SSNC) has been selected by SeaFort Capital, a Halifax-based private equity firm, for its fund administration services. SeaFort's new growth-focused buyout fund, SeaFort Capital Fund II, aims for a target size of $160 million with $110 million already committed. SS&C will provide comprehensive fund administration, reporting, and investor services. SeaFort's fund has notable investments from prominent Canadian families and established investors, marking a significant milestone for SS&C, which administers $100 billion in assets in Canada.
RiverNorth Opportunities Fund (RIV) announced updates on its November 2021 monthly distribution, with an Ex Date set for November 15 and a Record Date for November 16. Shareholders will receive $0.17 per share, amounting to an annualized distribution rate of approximately 12.05%, based on a current NAV of $16.93. Shareholders who participated in the 2021 rights offering are eligible for this distribution. The next payment date is November 30, 2021. Investments in the Fund carry risks, including potential loss of capital and variable distribution rates.
On October 28, 2021, SS&C Technologies Holdings reported a strong financial performance for Q3 2021. Revenue increased by 9.7% to $1,264.4 million, while operating income rose 32.3%, leading to a diluted EPS of $0.69, up 15%. Adjusted revenue showed a similar growth trajectory, with adjusted operating income up 16.8%. The company's EBITDA reached a record $538.9 million. SS&C also successfully repurchased shares and paid down significant debt, improving financial leverage. For Q4 2021, SS&C forecasts adjusted revenue between $1,225 million and $1,275 million.
