Ss&C Technologies Stock Price, News & Analysis

SS&C GlobeOp Forward Redemption Indicator for April 2023 reports a decrease to 1.93% from 2.53% in March, lower than the ten-year average of 2.56%. This decline indicates a potential improvement in hedge fund asset retention amidst volatile markets and rising interest rates. Bill Stone, CEO of SS&C Technologies, noted that hedge funds remain appealing for investors despite challenging economic conditions. The Forward Redemption Indicator reflects actual redemption notices from hedge fund investors managed by SS&C. Historically, this indicator peaked at 19.27% in November 2008 and has trended downward from previous highs. The next update is scheduled for May 19, 2023.

On April 20, 2023, SS&C Technologies (Nasdaq: SSNC) released its Q2 2023 predictions via the SS&C Intralinks Deal Flow Predictor, highlighting a cautiously optimistic outlook for mergers and acquisitions (M&A) activity despite geopolitical volatility. Early-stage deal activity rose over 10% year-over-year in Q1 2023, mirroring record volumes from 2021.

Regional forecasts predict:

• Asia Pacific: Flat deal volume from Q1 2023, with expected growth of over 10% year-on-year.
• Europe, Middle East, and Africa: Flat compared to Q1, but double-digit growth against Q2 2022.
• Latin America: Growth between 5-10% year-on-year, flat versus Q1.
• North America: A decline in deal volume for Q2, flat QoQ.

Overall, SS&C Intralinks forecasts steady M&A announcements, with early-stage deals six months from public announcement.

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) will announce its financial results for the first quarter ended March 31, 2023, after market close on April 27, 2023. The earnings conference call is scheduled for the same day at 5:00 p.m. Eastern Time. Investors can participate by dialing the respective numbers provided for the US and international audiences. An audio replay will be available after 8:00 p.m. on April 27 until May 4, 2023. Founded in 1986 and headquartered in Windsor, Connecticut, SS&C serves over 20,000 organizations across financial services and healthcare, emphasizing expertise, scale, and technology. For more information, visit www.ssctech.com.

The Principal Real Estate Income Fund (PGZ) has announced a monthly distribution of $0.105 per common share, translating to an annualized distribution rate of 11.09%, based on a net asset value share price of $11.36 as of March 30, 2023. The distributions are scheduled for May, June, and July 2023, with payment dates following the record dates. Investors should note that this announcement is not for tax reporting purposes, and the actual tax implications will be communicated in 2024. The investment is subject to risks, including market fluctuations and the potential for loss or reduced returns, particularly due to its exposure to below-investment grade investments.