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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 Technologies Releases Q4 and Full Year 2023 Earnings Results

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SS&C Technologies Holdings, Inc. reports Q4 2023 GAAP revenue of $1,411.6 million, up 5.5%, with Adjusted Diluted Earnings Per Share at $1.26, up 8.6%. The company bought back shares, reduced debt, and saw record adjusted revenue and EBITDA. Guidance for Q1 2024 and FY 2024 shows positive expectations.
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ALERIAN MLP ETF DECLARES FIRST QUARTER DISTRIBUTION OF $0.88

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The Alerian MLP ETF (AMLP) declared its first quarter 2024 distribution of $0.88, payable on February 13, 2024, to shareholders of record on February 9, 2024. The investment involves risks, including the possible loss of the entire principal amount invested. The fund invests primarily in the energy infrastructure sector and is subject to reduced volumes of natural gas or other energy commodities available for transporting, processing, or storing; changes in the regulatory environment; extreme weather; and rising interest rates, which could result in higher capital costs.
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ALERIAN ENERGY INFRASTRUCTURE ETF DECLARES FIRST QUARTER DISTRIBUTION OF $0.34292

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The Alerian Energy Infrastructure ETF (ENFR) declared a first quarter 2024 distribution of $0.34292, payable on February 13, 2024, to shareholders of record on February 9, 2024. The ETF is managed by ALPS Advisors, Inc. and invests primarily in the energy infrastructure sector. Investors should consider the risks, charges, and expenses carefully before investing.
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SS&C Announces Financial Risk and Regulatory Reporting Partnership with Regnology

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SS&C Technologies Holdings, Inc. announces a strategic partnership with Regnology to provide a fully integrated risk and regulatory reporting solution for clients to meet upcoming regulatory requirements. The partnership aims to streamline compliance and analytical insights, enabling institutions to adapt swiftly to regulatory changes. The joint offering spans data input, risk calculations, and streamlined reporting workflows, delivering accurate and smooth regulatory reports. The partnership addresses the needs of EBA IRRBB-SA within Europe, end-to-end Liquidity Risk in North America, and ALM and Liquidity Risk capabilities in other global markets.
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Hudson Bay Capital Management Chooses SS&C for Fund Administration

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SS&C Technologies Holdings, Inc. partners with Hudson Bay Capital Management, a leading global multi-strategy investment firm, to provide fund administration services. The collaboration further strengthens their enduring relationship and solidifies SS&C's position as a market leader in serving multi-strategy managers.
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Rhyze Solutions Taps SS&C to Scale Loan Servicing Operation

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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.
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SS&C GlobeOp Forward Redemption Indicator

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

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

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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
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Schroders Personal Wealth selects SS&C for Transfer Agency

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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.
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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 $75.41 as of December 23, 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

#573 Ranked by Market Cap
#1669 Ranked by Dividends

SSNC Stock Data

18.44B
214.90M
13.19%
84.48%
0.94%
Software - Application
Services-prepackaged Software
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United States of America
WINDSOR