Ss&C Technologies (SSNC) Stock News

SS&C Technologies released its GlobeOp Forward Redemption Indicator for June 2025, showing a redemption rate of 2.27%, down from 2.34% in May and below the five-year average of 2.75%. The company's Hedge Fund Performance Index reported a flash estimate of 0.85% for the current month, with year-to-date returns at 2.51% and last 12-month performance at 7.45%. CEO Bill Stone noted that despite volatile market conditions due to geopolitical events, slowing global economy, and tariff uncertainties, asset flows remain favorable as investors seek diversification through hedge fund investments. The Forward Redemption Indicator represents redemption notices from hedge funds administered by SS&C GlobeOp, offering insights into investor confidence and redemption trends.

SS&C Technologies (NASDAQ: SSNC) has been selected by Wesleyan Assurance Society to develop their new digital-first wealth management platform, extending their 20-year partnership. The platform, powered by SS&C Hubwise, will launch with a pilot group in June 2025, offering enhanced investment and retirement products for Wesleyan's specialist financial advisers and customers. SS&C Hubwise, acquired in 2022, has shown significant growth, onboarding 25 new firms in 18 months and managing over GBP 20 billion in assets. The platform will support Wesleyan's With Profits Fund and provide centralized account management capabilities, with SS&C delivering customer service support under the Wesleyan brand. This strategic partnership aims to better serve doctors, dentists, and teachers with modern, integrated wealth management solutions.

SS&C GlobeOp reported positive performance metrics for their hedge fund indices in May/June 2025. The Hedge Fund Performance Index showed a gross return of 0.85% for May, with year-to-date returns at 2.51% and last 12-month returns at 7.45%. The Capital Movement Index advanced 0.59% in June, marking the fifth consecutive month of positive inflows, reaching 126.38 points. Despite a 50% reduction in market volatility from April 2025 highs, Chairman Bill Stone noted that hedge funds remain attractive for diversification amid ongoing uncertainties from tariff extensions and geopolitical conflicts. The Performance Index maintains a relatively low 25-30% correlation with major equity indices, demonstrating its independence from broader market movements.

SS&C Technologies (SSNC) has secured a partnership with Fundhost Limited, an Australian boutique fund services provider managing AUD $2 billion in assets. Fundhost will utilize SS&C's proprietary platform for streamlining unit registry and fund administration operations. As part of the agreement, 10 Fundhost employees have transitioned to SS&C's Sydney office to ensure service continuity. The partnership leverages SS&C's expertise in private markets, hedge funds, and active ETFs, while expanding their presence in Australia. Fundhost selected SS&C for their global infrastructure and proven track record, aiming to enhance their service capabilities while maintaining quality standards for their clients.

Alerian MLP ETF (AMLP) has announced a tax accrual adjustment of -$3.6 million (-$0.016 per share) to its net asset value (NAV) on May 30, 2025. This adjustment reflects a decrease in the Fund's deferred tax liability (DTL) due to newly reported tax information from underlying Master Limited Partnerships (MLPs) indicating additional capital loss carryforward availability to offset future taxable income. The Fund relies heavily on MLP-provided information, which often comes with delays, to estimate DTL for financial reporting and NAV determination. The Fund's management notes that these estimates, while made in good faith, could vary significantly from actual tax liability and may be modified as new information becomes available.

SS&C Technologies Holdings (SSNC) has announced the extension of its long-term partnership with Fire and Emergency Services Superannuation Fund (FES Super) in Australia. FES Super will continue using SS&C Bluedoor, a cloud-hosted registry platform, for its administration needs. The platform provides real-time automation and straight-through processing capabilities to enhance operations and member experience.

The renewal marks SS&C's continued growth in the Australian superannuation market, building on their 15-year relationship with FES Super. SS&C Bluedoor supports defined contribution, defined benefit, and pension products, while enabling real-time data processing. This extension follows recent client wins in Australia's superannuation and wealth sectors, positioning SS&C as a strategic partner for funds seeking operational efficiency.

SS&C Technologies (SSNC) has announced two significant shareholder-focused initiatives. The company's Board has authorized a 50% expansion of its stock repurchase program to $1.5 billion, up from last year's authorization. The repurchases can be made through open market or private transactions, with timing and amount determined by management based on market conditions. Additionally, SS&C declared a quarterly dividend of $0.25 per share, payable on June 16, 2025, to stockholders of record as of June 2, 2025.

CEO Bill Stone emphasized that the current share price undervalues SS&C's financial strength and future prospects. The company plans to use its cash flow for opportunistic stock repurchases and debt reduction while maintaining flexibility for potential acquisitions.

SS&C GlobeOp's Forward Redemption Indicator for May 2025 reached 2.34%, showing an increase from April's 1.85% but a decrease from 2.78% reported in the same period last year. This metric represents redemption notices from hedge fund investors on SS&C's platform relative to assets under administration. The data suggests positive investor sentiment towards hedge funds, with investors favoring their strong risk-adjusted and uncorrelated returns to help mitigate volatility in equity and fixed income markets. The SS&C GlobeOp Hedge Fund Performance Index shows a flash estimate of 0.46% for the current month, with year-to-date returns at 1.02% and last 12-month returns at 6.80%.

The Alerian Energy Infrastructure ETF (ENFR) has announced its second quarter 2025 distribution of $0.37707 per share. The dividend will be paid on May 19, 2025, to shareholders of record as of May 14, 2025. Key dates for the distribution include: - Ex-Date: May 14, 2025 - Record Date: May 14, 2025 - Payable Date: May 19, 2025 The ETF focuses on Master Limited Partnerships (MLPs) and energy infrastructure investments, with ALPS Advisors, Inc. serving as the investment adviser. The fund employs a passive management approach, tracking its underlying index.