STOCK TITAN
  1. Home
  2. News
  3. SSNC

SS&C Technologies Inc - SSNC STOCK NEWS

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.

News

Rhyze Solutions Taps SS&C to Scale Loan Servicing Operation

Rhea-AI Summary
Rhyze Solutions, a Credit Union Service Organization (CUSO), has chosen SS&C Technologies Holdings, Inc. to manage its commercial real estate loan portfolio. By leveraging Precision LM™ and EVOLV™ software, Rhyze aims to scale its operations and manage the demands of reserving, risk assessment, and credit reporting for all cash-flow-based financial instruments. The cloud-based systems are expected to complement the growth of their capital markets platform while maintaining a priority for information security and risk management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.51%
Tags
none
-
News

SS&C GlobeOp Forward Redemption Indicator

Rhea-AI Summary
SS&C Technologies Holdings, Inc. announced that the SS&C GlobeOp Forward Redemption Indicator for January 2023 measured 2.03%, down from 3.64% in November. The Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on the SS&C GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the SS&C GlobeOp platform. Bill Stone, Chairman and Chief Executive Officer, stated that the low level of redemptions suggests investors are confident hedge fund managers can continue to generate favorable risk-adjusted returns.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.1%
Tags
none
-
News

SS&C GlobeOp Hedge Fund Performance Index and Capital Movement Index

Rhea-AI Summary
SS&C Technologies Holdings, Inc. announced that the SS&C GlobeOp Hedge Fund Performance Index measured 2.14% in December 2023, while the SS&C GlobeOp Capital Movement Index declined 2.37% in January 2024. Investors are navigating uncertainties in the global market environment, evaluating factors such as geopolitical conflicts, higher interest rates, and mounting public debt.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1%
Tags
none
News

SS&C to Release Fourth Quarter and Full Year 2023 Earnings

Rhea-AI Summary
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) will announce its financial results for the fourth quarter and full year ended December 31, 2023 after the close of the market on Tuesday, February 13, 2024. The earnings conference call, scheduled for Tuesday, February 13, 2024 at 5:00 p.m. Eastern Time, will discuss fourth quarter and full year 2023 results and 2024 guidance. The release will be available over PR Newswire and from SS&C's website at www.ssctech.com. A live webcast of its earnings conference call will be available at the Investor Relations section of SS&C's website, investor.ssctech.com. Dial 888-210-4650 (US and Canada) or 646-960-0327 (International) to request the
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
Tags
earnings
-
News

Schroders Personal Wealth selects SS&C for Transfer Agency

Rhea-AI Summary
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced a new relationship with Schroders Personal Wealth (SPW), a financial planning joint venture between Schroders plc and Lloyds Banking Group. SS&C Global Investor and Distribution Solutions (GIDS) will be SPW's transfer agent, providing fund registry, investor services, and digital solutions for SPW's funds, with GBP12.7 billion in AUM. SPW offers holistic financial planning solutions in the U.K., including retirement planning, investment management, and estate planning. SS&C GIDS' digital suite of products enables SPW to support service delivery and simplify client onboarding and transactions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.89%
Tags
none
-
News

SS&C Intralinks Sees M&A Deal Flow Holding Steady in Q1 2024

Rhea-AI Summary
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) predicts steady global and regional mergers and acquisitions (M&A) volume for Q1 2024, with marginal risk of decline. Geopolitical risks dampen volume outside of North America. Ken Bisconti, Co-Head of SS&C Intralinks, states that deal flow has remained stable over the last three years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.78%
Tags
earnings
News

SS&C Technologies Welcomes Seasoned Global Business Leader Debra Walton-Ruskin to its Board of Directors

Rhea-AI Summary
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) appoints Debra Walton-Ruskin as a new independent director to its Board of Directors. Debra is a seasoned global business leader with extensive experience in financial data, data operations, and executive leadership roles. She brings expertise in fintech, global markets, and sustainability, aligning with SS&C's strategic goals. Debra's appointment is expected to contribute to the company's continued innovation and client service.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.25%
Tags
management
-
News

Harbor Capital Advisors Chooses SS&C's Front-to-Back Solution to Power Distinct Global Allocation ETF

Rhea-AI Summary
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced that Harbor Capital Advisors has selected its front-to-back investment management platform for the Harbor Multi-Asset Explorer ETF. The ETF, launched in September, is designed to invest in a diversified portfolio of exchange-traded funds, providing exposure to various asset classes. Harbor Capital, with $45.1 billion in assets under management as of September 30, 2023, uses Eze OMS for trading and has upgraded to a seamless front-to-back solution with the addition of SS&C Geneva for fund accounting and daily operational support for certain ETFs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.05%
Tags
none
-
News

PRINCIPAL REAL ESTATE INCOME FUND DECLARES MONTHLY DISTRIBUTIONS OF $0.105 PER SHARE

Rhea-AI Summary
Principal Real Estate Income Fund (PGZ) announces monthly distributions of $0.105 per common share, with an annualized distribution rate of 11.56%. The Fund's net asset value share price is $10.90, and the distributions are payable on February 29, 2024, March 28, 2024, and April 30, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.63%
Tags
none
News

SS&C GlobeOp Forward Redemption Indicator

Rhea-AI Summary
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced that the SS&C GlobeOp Forward Redemption Indicator for December 2023 measured 3.64%, up from 3.49% in November. The indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on the SS&C GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the SS&C GlobeOp platform. The Indicator data is based on actual investor redemption notifications received, and movements in the Indicator reflect investor confidence in their allocations to hedge funds. SS&C GlobeOp Hedge Fund Performance Index is also provided, with year-to-date (YTD) performance at 1.99%, last 12-month (LTM) performance at 6.25%, and life to date (LTD) performance at 6.99%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.66%
Tags
none

FAQ

What is the current stock price of SS&C Technologies (SSNC)?

The current stock price of SS&C Technologies (SSNC) is $73.4 as of November 15, 2024.

What is the market cap of SS&C Technologies (SSNC)?

The market cap of SS&C Technologies (SSNC) is approximately 18.4B.

What does SS&C Technologies Inc. specialize in?

SS&C Technologies Inc. specializes in providing software products and software-enabled services primarily for the financial services and healthcare sectors.

Where is SS&C Technologies headquartered?

SS&C Technologies is headquartered in Windsor, Connecticut.

Who are the primary clients of SS&C Technologies?

SS&C's primary clients include asset managers, banks, financial advisors, insurance companies, real estate investment trusts (REITs), and alternative investment firms.

What significant acquisitions has SS&C Technologies made recently?

SS&C Technologies recently acquired Blue Prism in 2022 and DST Systems in 2018, expanding its capabilities in intelligent automation and healthcare services.

What is SS&C GlobeOp?

SS&C GlobeOp provides fund administration services to alternative and traditional asset managers.

What recent partnership has SS&C Technologies announced?

SS&C Technologies announced a strategic partnership with Regnology to provide an integrated risk and regulatory reporting solution.

How much in assets do SS&C's clients manage?

SS&C's clients manage over $44 trillion in assets.

What is SS&C Intralinks?

SS&C Intralinks is a leading provider of Virtual Data Room solutions, facilitating secure information flow in M&A, capital raising, and investor reporting.

How did SS&C perform financially in 2023?

SS&C posted record adjusted revenue and consolidated EBITDA for 2023, generating over $1.2 billion in operating cash flow.

What recent regulatory approval has SS&C Technologies received?

SS&C Technologies received regulatory approval to offer fund administration services within the Abu Dhabi Global Market.

Stock SSNC logo
SS&C Technologies Inc

Nasdaq:SSNC

SSNC Rankings

#583 Ranked by Market Cap
#1632 Ranked by Dividends

SSNC Stock Data

18.37B
245.42M
13.24%
83.05%
0.72%
Software - Application
Services-prepackaged Software
Link
United States of America
WINDSOR