SS&C Technologies Holdings, Inc. reports developments across investment, financial and healthcare software, technology-enabled services and enterprise automation. Recurring updates include quarterly earnings, cash flow and leverage commentary, product launches such as SS&C Blue Prism WorkHQ, and AI governance initiatives for regulated enterprises.
Company news also covers SS&C GlobeOp fund administration data, including hedge fund redemption and capital movement indicators, as well as client deployments involving managed IT services, fund administration, middle- and back-office operations, investor services and regulatory reporting.
SS&C GlobeOp reported a 0.25% gross return for its Hedge Fund Performance Index in October 2024, while the Capital Movement Index showed a 1.02% advance in November. The year-to-date performance stands at 6.80%, with a 11.15% return over the last 12 months.
The Capital Movement Index reached 125.16 points in November 2024, reflecting positive net flows into hedge funds. According to Bill Stone, Chairman and CEO, these allocations offer attractive risk-adjusted returns typically uncorrelated with broad markets and provide protection during market volatility.
The Performance Index, which began in January 2006, maintains a 25-30% correlation with popular equity market indices, demonstrating its independence from traditional market movements.
SS&C Technologies (SSNC) reported strong Q3 2024 financial results with GAAP revenue of $1,465.8 million, up 7.3% year-over-year. The company achieved adjusted diluted earnings per share of $1.29, marking a 10.3% increase. Notable highlights include organic revenue growth of 6.4%, Financial Services Recurring Revenue growth of 7.2%, and the completion of Battea-Class Action Services acquisition for $670 million. Operating cash flow reached $902.0 million for the nine months ended September 30, 2024, up 9.1%. The company maintains a strong financial position with $694.7 million in cash and provided guidance for Q4 2024 with adjusted revenue expected between $1,460.0 – $1,500.0 million.
SS&C Blue Prism has been named a Leader in Robotic Process Automation (RPA) by Everest Group for the seventh consecutive year in their RPA Products PEAK Matrix® Assessment 2024. The assessment analyzed 27 technology providers, considering factors such as year-over-year growth, vision and strategy, client feedback, and industry coverage.
Amardeep Modi, Vice President at Everest Group, highlighted SS&C Blue Prism's strong vision, market presence, and comprehensive RPA capabilities as key factors in maintaining its leadership position. Clients praised the product's ease of use, scalability, and resilience, as well as the robust support and training provided.
Rob Stone, Senior Vice President and General Manager at SS&C Technologies, expressed delight at the recognition, emphasizing the company's impact in the market and its focus on empowering clients through enterprise AI, automation, and orchestration. SS&C Blue Prism's solutions are utilized across various sectors, including financial services, insurance, health and pharma, and banking.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced that the SS&C GlobeOp Forward Redemption Indicator for October 2024 measured 2.23%, down from 2.72% in September and lower than the 10-year average of 2.67%. Bill Stone, Chairman and CEO, noted that redemption notices are near historically low levels as investors maintain hedge fund allocations to manage risk and improve returns. The indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp, divided by the AuA at the beginning of the month. The next publication date is October 21, 2024.
Additional data shows the SS&C GlobeOp Hedge Fund Performance Index with a flash estimate of 1.22% for the current month, 6.77% year-to-date, and 10.25% for the last 12 months. The SS&C GlobeOp Capital Movement Index's 12-month high was 127.90 in November 2023, while the 12-month low was 123.64 in April 2024.
SS&C Technologies Holdings (Nasdaq: SSNC) has released its Q4 2024 global and regional M&A predictions through the SS&C Intralinks Deal Flow Predictor. Despite ongoing challenges like interest rates and geopolitical uncertainties, dealmakers remain optimistic about strategic growth opportunities. Global M&A deal flow is expected to grow 5-10% above Q3 2024 and Q4 2023 announced volumes.
Key regional forecasts include:
- Asia Pacific: Stable with upward growth trajectory, particularly in China, Hong Kong, and India
- Europe, Middle East, and Africa: Double-digit growth, with strong performance in France, Germany, and the UK
- Latin America: Stable performance, with promising activity in Mexico and Colombia
- North America: Steady climb in pre-announced deal volume, with Canada showing impressive growth
The SS&C Intralinks Deal Flow Predictor forecasts future M&A announcements by tracking early-stage M&A activity on the Intralinks platform, typically six months ahead of public announcements.
SS&C GlobeOp has released its Hedge Fund Performance Index and Capital Movement Index for September and October 2024, respectively. The Performance Index showed a 1.22% gross return for September, while the Capital Movement Index indicated a 0.44% decline in October.
Bill Stone, Chairman and CEO of SS&C Technologies, noted that the October decline reflects seasonal asset allocation and portfolio rebalancing patterns. He highlighted that current market conditions, including higher interest rates and persistent inflation, provide opportunities for hedge fund alpha generation and attractive risk-adjusted returns.
The SS&C GlobeOp Hedge Fund Performance Index, which began in January 2006, offers an independent view of hedge fund performance. It has shown a 6.77% year-to-date return and a 10.25% return over the last 12 months. The Capital Movement Index stands at 124.19 points, having decreased by 3.36 points over the past year. The next publication date for these indices is set for November 13, 2024.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has announced an extension of its transfer agency relationship with abrdn, a global investment company and asset manager. The extended partnership covers abrdn's fund ranges in the U.K., Luxembourg, and Singapore. SS&C provides transfer agency services for abrdn's OEIC and Life funds, supports Luxembourg liquidity and SICAV funds, and serves U.S. funds through SS&C GIDS.
The new contract includes enhanced servicing for Luxembourg-domiciled funds, improved client reporting, and enhanced AML services. SS&C is also partnering with abrdn to enhance digital channel services for the Singapore business. This extension solidifies the long-standing partnership between SS&C and abrdn, aiming to deliver exceptional service to abrdn's diverse client base.
SS&C Technologies Holdings has released the results of its 2025 LP Survey, conducted in collaboration with Private Equity Wire. The survey, which polled 171 global investors, reveals that 62% of partners (LPs) plan to increase or maintain their allocations to alternatives in the coming year. Additionally, 78% of LPs anticipate increased deal activity, driven by new funds and deal structures in private markets.
Key findings include:
- Private equity generated the best risk-adjusted returns among alternative assets
- 75% of LPs prefer the U.S. and Canada for investments
- Valuations and geopolitical uncertainty are top concerns for LPs
- 70% of LPs use technology for portfolio monitoring, but 81% desire better data aggregation across multiple funds
The survey highlights ongoing optimism in the alternative investment sector despite macroeconomic uncertainties, with private equity and private debt continuing to outperform other asset classes.
SS&C Technologies unveiled its latest technology and services solutions at the SS&C Deliver 2024 Conference in New Orleans, attracting nearly 1,000 industry leaders. The event showcased innovations in digital transformation, AI, managed IT services, and loan management. Key highlights included:
1. Streamlined investor onboarding and improved fund administration processes
2. Introduction of Battea Class Action Services for securities claims management
3. DomaniRx platform for healthcare payers to manage regulatory demands and data fragmentation
4. DealCentre AI™ platform for simplified deal management
5. Comprehensive managed IT services solution for financial and healthcare organizations
6. Next-gen innovations including Financial Wellness AI, Fund Services Portal, and ARIA (Algorithmics Risk Intelligent Agent)
SS&C emphasized its commitment to simplifying operational complexity and delivering value to the financial services and healthcare industries.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has announced it will release its financial results for the third quarter ended September 30, 2024, after market close on Thursday, October 24, 2024. The company, a global provider of financial services and healthcare software and software-enabled services, will host an earnings conference call on the same day at 5:00 p.m. Eastern Time to discuss the Q3 2024 results.
Interested parties can access the earnings release via PR Newswire and SS&C's website. To join the conference call, participants should dial 888-210-4650 (US and Canada) or 646-960-0327 (International) and request the "SS&C Technologies Third Quarter 2024 Earnings Conference Call" using conference ID #4673675. A live webcast of the call will be available on the Investor Relations section of SS&C's website, with a replay accessible afterwards.