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) is a global provider of services and software for the financial services and healthcare industries. Founded in 1986 and headquartered in Windsor, Connecticut, the company is frequently in the news for developments across fund administration, wealth management technology, corporate actions and capital markets activity.
This SSNC news page highlights press releases and third-party coverage related to SS&C’s business. Readers can follow announcements about earnings release schedules, quarterly and full-year results, and dividend declarations on the company’s common stock. SS&C regularly files Form 8-K reports to furnish earnings information and to disclose material events such as acquisitions and financing arrangements.
News items also cover SS&C’s role in fund administration and indices through SS&C GlobeOp, including monthly publications of the SS&C GlobeOp Forward Redemption Indicator and related hedge fund indices. These updates provide insight into redemption activity, capital movements and performance trends for hedge funds administered on the SS&C GlobeOp platform.
In addition, SS&C issues news on strategic initiatives such as the expansion of its European wealth management capabilities via MiFID authorization in Ireland, technology enhancements like integrations within SS&C Black Diamond Wealth Solutions, and client wins where fund managers select SS&C for administration and operational support. Subsidiary activity, including SS&C ALPS Advisors’ involvement with closed-end funds and exchange-traded funds, also appears in related releases.
Investors, analysts and industry participants can use this page to monitor ongoing corporate developments, product and platform updates, index publications and other events that may influence their view of SS&C’s operations and strategic direction.
SS&C Technologies Holdings (SSNC) has announced an expanded partnership with LPL Financial Holdings (LPLA), which will now use SS&C ALTSERVE™ to grow its alternatives business. LPL, which already uses SS&C's Brokerage Solutions, will leverage this integration to enhance its alternative investment experience through LPL Alts Connect.
The partnership will enable LPL to streamline back and middle-office functions, standardize data feeds, and improve custody of alternative investment products. Key benefits include enhanced onboarding capabilities, improved position transfers in both taxable and tax-exempt registrations, faster processing of subscriptions and redemptions, and better accuracy in position valuations.
LPL Financial currently supports nearly 29,000 financial advisors and approximately 1,200 financial institutions, managing about $1.7 trillion in brokerage and advisory assets for approximately 6 million Americans.
SS&C Technologies Holdings (Nasdaq: SSNC) has been selected by Arrowpoint Investment Partners, Singapore's new multi-strategy hedge fund firm, to administer its flagship $1 billion multi-strategy fund. The fund operates with 18 portfolio managers across Hong Kong and Singapore, implementing various investment strategies.
Arrowpoint, founded by Jonathan Xiong, former co-CEO of Millennium's Asia operations, integrates fundamental and quant strategies across equities, fixed income, and commodities. The firm focuses on Asian investments and aims to generate consistent, high-quality, risk-adjusted returns through technology integration.
SS&C GlobeOp was chosen for its expertise in handling multiple asset classes, complex fee structures, and managing reporting requirements for multi-manager vehicles.
SS&C Technologies (Nasdaq: SSNC) has declared a quarterly dividend of $0.25 per share, maintaining its regular dividend policy. The dividend will be paid on March 17, 2025, to shareholders of record as of March 3, 2025.
SS&C, established in 1986 and headquartered in Windsor, Connecticut, serves as a global provider of services and software for the financial services and healthcare industries. The company supports over 22,000 organizations across various sectors, from large enterprises to mid-market firms, offering expertise, scale, and technology solutions.
SS&C GlobeOp has reported its Hedge Fund Performance Index and Capital Movement Index figures for early 2025. The hedge fund performance showed a gross return of 0.81% in January 2025, while the Capital Movement Index advanced 0.60% in February, marking a significant increase from 0.08% reported a year ago.
Chairman Bill Stone highlighted that increased global market volatility, influenced by the DeepSeek AI announcement and potential increased global tariffs, has positioned hedge funds well for growth due to their focus on risk-adjusted returns across diverse investment strategies.
The SS&C GlobeOp Hedge Fund Performance Index's year-to-date return stands at 0.81%, with a last 12-month return of 9.03%. The Capital Movement Index reached 124 points in February 2025, showing a 0.60-point increase over January. The index represents approximately 10% of the estimated assets currently invested in the hedge fund sector.
Morningstar (MORN) and SS&C Technologies announced a strategic alliance integrating SS&C's Black Diamond® Wealth Platform with Morningstar's new Direct Advisory Suite. This integration combines Morningstar's investment data, research, and portfolio analysis with Black Diamond's portfolio accounting, client communications, and performance reporting capabilities.
The Direct Advisory Suite, built on Morningstar's Direct Platform, represents the next evolution of Advisor Workstation, which serves over 175,000 advisors. It features extensive research tools, advanced portfolio analytics, and AI-powered assistance. The approximately 2,700 wealth management firms using Black Diamond will have optional access to these capabilities.
As part of this transition, Morningstar will retire Morningstar Office, offering users a customized migration process to Black Diamond while maintaining access to Morningstar's data and research.
Alerian MLP ETF (NYSE Arca: AMLP) has announced its first quarter 2025 distribution of $0.97 per share. The dividend will be paid on February 18, 2025, to shareholders of record as of February 12, 2025, with the same date serving as the ex-date.
The fund operates as a regular for federal income tax purposes, subject to corporate tax rates up to 21%. Unlike most investment companies, AMLP employs a passive management approach, tracking its underlying index's performance. The ETF focuses on Master Partnerships (MLPs) investments, which involve specific risks including potential changes in regulatory environment, weather impacts, and interest rate fluctuations.
Key features include single Form 1099 distribution to shareholders, rather than individual K-1s, and the fund's structure as a C- with associated tax implications, including deferred tax liabilities that affect the fund's net asset value.
The Alerian Energy Infrastructure ETF (NYSE Arca: ENFR) has announced its first quarter 2025 distribution of $0.35568 per share. The distribution timeline is as follows: the ex-date and record date are set for February 12, 2025, with the payment scheduled for February 18, 2025.
The ETF primarily focuses on Master Partnerships (MLPs) and energy infrastructure investments. Key risk factors include: sector concentration in energy infrastructure, exposure to Canadian securities and foreign currency risks, MLP-specific risks including tax treatment dependencies, and passive management approach following an underlying index.
The fund's investment strategy involves risks such as potential loss of principal, regulatory changes impact, extreme weather effects on energy infrastructure, and interest rate sensitivity that could affect investor returns. The ETF's shares are traded at market price rather than NAV and are not individually redeemable.
SS&C Technologies (NASDAQ: SSNC) reported strong Q4 2024 financial results with GAAP revenue of $1,529.7 million, up 8.4% year-over-year. The company achieved Q4 diluted earnings per share of $0.98, a 27.3% increase, while adjusted EPS reached $1.58, up 25.4%.
Key highlights include Q4 adjusted organic revenue growth of 7.0% and financial services recurring revenue growth of 7.4%. The company generated operating cash flow of $1,388.6 million for 2024, a 14.3% increase from 2023. During Q4, SS&C repurchased 4.9 million shares for $365.7 million and reduced debt by $195.0 million, achieving a net leverage ratio of 2.89 times consolidated EBITDA.
For 2025 guidance, SS&C projects full-year adjusted revenue between $6,085.0-$6,245.0 million and adjusted EPS of $5.64-$5.96.
SS&C Technologies Holdings (Nasdaq: SSNC) has announced the acquisition of FPS Trust Company, a non-depository trust company, from IPX Retirement. Based in Centennial, Colorado, FPS Trust specializes in providing high-volume beneficiary distributions, paying agent services, and tax processing solutions to institutional trustees and retirement plan administrators.
FPS Trust will be integrated into SS&C Innovest, building upon their existing partnership where FPS Trust provided paying agent services through SS&C's InnoPay platform. The acquisition strengthens SS&C's position in providing scalable benefit payment solutions to institutional clients and expands their service offerings, particularly for wealth managers issuing taxable distributions on the SS&C Trust Platform.
SS&C Technologies Holdings (SSNC) announced that Robinhood Markets (HOOD) has joined RolloverCentral® as an IRA provider. The platform connects IRA providers' account opening systems with third-party administrators' processing platforms to streamline rollover processes.
RolloverCentral automates the rollover process, enabling participants to open and fund IRAs in real-time without paper check delays. The platform has seen significant growth, with a 20% increase in total rollover dollar amount and a 7% increase in rolled-over accounts in Q2 2024.
The partnership aims to simplify retirement savings management for Robinhood customers while reducing processing inefficiencies. The integration modernizes the traditional check-based process, facilitating easier account opening and funding for rollover IRAs.