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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

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

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SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced that the gross return of the SS&C GlobeOp Hedge Fund Performance Index November 2023 measured 1.99%. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 0.47% in December.
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PRINCIPAL REAL ESTATE INCOME FUND CONTINUES SHARE REPURCHASE PROGRAM

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Principal Real Estate Income Fund (PRIF) Announces Renewal of Share Repurchase Program
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SS&C ALPS Advisors Adds Fixed Income ETF to the Lineup

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SS&C ALPS Advisors, a subsidiary of SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), has partnered with Smith Capital Investors to launch the ALPS | Smith Core Plus Bond ETF (NYSE Arca: SMTH), an active, fixed income ETF. The new ETF offers an actively managed, dynamic approach where stability meets opportunity in the world of fixed income. The Fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets in bonds, including government notes and bonds, corporate bonds, mortgage-backed securities, and zero-coupon bonds. The Fund will target a weighted average effective duration +/- 40% of the current effective duration of the Bloomberg US Aggregate Bond Index. The ALPS | Smith Core Plus Bond ETF seeks above average total return from a combination of current income and capital appreciation.
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SmartStop Self Storage REIT Selects SS&C for Transfer Agency

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SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has been chosen by SmartStop Self Storage REIT, Inc. to provide transfer agency services for all of its sponsored REITs. SmartStop is the largest public non-traded self-storage REIT in the U.S. with over $2.9 Billion in assets. SS&C, the transfer agent to 18 of the top 20 non-traded REITs, offers comprehensive real estate services globally, including fund administration, property management, and investment-level oversight.
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SS&C GlobeOp Forward Redemption Indicator

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SS&C Technologies Holdings, Inc. (SSNC) announced that the SS&C GlobeOp Forward Redemption Indicator for November 2023 measured 3.49%, up from 2.29% in October. 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. Despite volatility in equity and fixed income markets, moderating Fed interest rate policies, and geopolitical uncertainty, hedge fund asset retention appears to be stable. The SS&C GlobeOp Hedge Fund Performance Index shows a flash estimate of -1.06% for the current month, with a 3.89% year-to-date performance and a 4.75% life-to-date performance. The SS&C GlobeOp Capital Movement Index indicates an all-time high of 150.77 in September 2013 and an all-time low of 99.67 in January 2006. The SS&C GlobeOp Forward Redemption Indicator reached an all-time high of 19.27% in November 2008 and an all-time low of 1.48% in April 2022.
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SS&C to Present at the UBS Global Technology Conference

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SS&C Technologies Holdings, Inc. (SSNC) will be represented by Bill Stone, Chairman and CEO, at the UBS 27th Annual Global Technology Conference on November 28th, 2023. The event will take place at The Phoenician in Scottsdale, AZ at 2:55 PM MT. Webcast and presentation materials will be accessible on SS&C Technologies' investor relations website at http://investor.ssctech.com.
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Everest Group Names SS&C Blue Prism as a Leader and a Star Performer in Process Orchestration Products PEAK Matrix® 2023

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SS&C Technologies Holdings, Inc. (SSNC) announced SS&C Blue Prism's recognition as a Leader and Star Performer in the Everest Group Process Orchestration Products PEAK Matrix® Assessment 2023. The research evaluated 24 technology providers and highlighted SS&C Blue Prism's process orchestration capabilities, Chorus tool, and security features. SS&C Blue Prism was also named a RPA Leader for the sixth consecutive year in the Everest Group Robotic Process Automation Products PEAK Matrix® Assessment 2023.
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SS&C Announces 2H2023 SS&C Advent Product Updates

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SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced releases across its full line of SS&C Advent solutions, including Geneva®, SS&C Loan Data, Managed Services, and other related platforms. The releases aim to empower firms for success by providing cutting-edge technology to meet changing business requirements and market pressures. Geneva® introduces new features for traditional closed-end and open-end funds, as well as functionality to meet the market demand for evergreen funds. Advent Managed Services enhances its offerings with a new automation job scheduler and the launch of the Managed Services Console in the EMEA region. SS&C Loan Data digitizes and transfers data directly into SS&C Geneva, supporting syndicated and private loans while providing complete transparency into operations and reconciliation processing.
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SS&C Announces Common Stock Dividend of $0.24 Per Share

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SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) Announces $0.24 Quarterly Dividend Payout
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Dimensional Fund Advisors Extends Transfer Agent Relationship with SS&C

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SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announces the renewal of the transfer agency agreement with Dimensional Fund Advisors (DFA), managing $461 billion in assets. SS&C will provide transfer agency services for Dimensional's '40 Act mutual funds, emphasizing their commitment to technological advancement and investor experience.
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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.

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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
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United States of America
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