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.
On August 11, 2020, SS&C Technologies (Nasdaq: SSNC) announced that its CEO Bill Stone will present at the Oppenheimer 23rd Annual Technology, Internet & Communications Conference on August 12, 2020, at 9:40 am ET. A webcast of the presentation will be available on the investor relations website.
SS&C, founded in 1986 and headquartered in Windsor, Connecticut, provides software and services for the financial services and healthcare sectors, serving around 18,000 organizations globally.
SS&C Technologies Holdings (Nasdaq: SSNC) announced the expansion of its SS&C Geneva® platform in China through a partnership with Bank of Communications Trustee Limited. BOCOM Trustee, a Hong Kong-based firm, aims to enhance its services for diverse clients and improve operational efficiency using SS&C's solutions, which feature user-friendly interfaces and automated processes. SS&C's commitment to the Greater China market is underscored by its dedicated team of over 300 staff in the region, ensuring superior support for its clients.
On August 3, 2020, SS&C Technologies (NASDAQ: SSNC) announced that BlueCrest Capital Management has chosen SS&C Eze for its trading operations. The firm transitioned its equities and equity futures trading to Eze EMS due to its advanced functionality and support. Over the past year, SS&C Eze has enhanced its platform with AI and machine learning, improving trade automation, liquidity access, and security features. Michael Hutner, Senior V.P., expressed excitement about collaborating with BlueCrest to navigate the current market landscape.
SS&C Technologies (Nasdaq: SSNC) announced that Brazilian investment manager, Vitra Gestão De Patrimônio Ltda, has successfully implemented the Advent Portfolio Exchange® (APX) to enhance tailored portfolio management and reporting. Vitra is utilizing Advent Outsourcing Services for cloud delivery, which allows for efficient aggregation of data across global asset classes. The APX solution improves client experiences through its advanced reporting capabilities, ensuring accuracy and timeliness in reporting processes. The implementation highlights SS&C's investment in software solutions for financial services.
SS&C Technologies reported Q2 2020 results, showing GAAP revenue of $1,138.1 million, a 0.9% decline from Q2 2019. However, GAAP operating income increased by 8.0% to $241.3 million, with net income rising 40.0% to $169.5 million. Adjusted revenue fell 1.3% to $1,140.8 million, yet adjusted operating margins improved. SS&C also renewed its stock buyback program up to $750 million. Due to COVID-19 uncertainties, the firm withdrew its guidance for 2020, providing scenario analysis instead.
The SS&C GlobeOp Forward Redemption Indicator for July 2020 is reported at 2.64%, a decrease from 4.24% in June. This figure aligns with long-term averages and is an improvement compared to 2.69% from the previous year. Bill Stone, Chairman and CEO, emphasized the resilience of hedge fund asset retention amidst the COVID-19 pandemic. The indicator reflects investor confidence and is based on actual redemption notices. The next report will be released on August 21, 2020.
SS&C Technologies (Nasdaq: SSNC) announced that Mid Atlantic Capital Group has selected it for automating FINRA Consolidated Audit Trail (CAT) reporting. This service involves monitoring, submitting, and correcting transactional data for Mid Atlantic, ensuring compliance with upcoming SEC requirements. SS&C's CAT Reporting Portal streamlines broker data into FINRA-compliant reports, enhancing efficiency. With over 70 firms already certified, SS&C continues to establish itself as a leader in regulatory reporting technology, enabling clients to focus on their core operations.
The SS&C GlobeOp Forward Redemption Indicator for June 2020 recorded 4.24%, an increase from 4.00% in May. While this figure aligns with historical averages for June, it represents a rise from 3.81% from the previous year. Bill Stone, CEO of SS&C Technologies, noted that redemption levels are consistent with steady trends in asset retention within the hedge fund sector amid the COVID-19 pandemic. The next report will be published on July 22, 2020. The indicator reflects investor confidence in hedge funds, which has shown a decreasing trend from a high of 19.27% in November 2008.
