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), a global leader in financial services and healthcare software solutions, provides this centralized hub for tracking corporate developments and strategic initiatives. Access official press releases, earnings announcements, and operational updates from the company powering fund administration, intelligent automation, and healthcare IT systems worldwide.
This resource delivers timely updates on mergers & acquisitions, product innovations, and regulatory compliance developments across SS&C's core markets. Investors and industry professionals will find essential information about SaaS platform enhancements, strategic partnerships, and financial performance metrics.
Key content categories include detailed coverage of quarterly earnings calls, technology patent filings, and global expansion initiatives. The curated news selection helps stakeholders monitor SS&C's progress in digital transformation for asset managers, insurers, and healthcare providers.
Bookmark this page for streamlined access to SS&C's latest operational milestones. Combine these updates with fundamental analysis tools available through Stock Titan to maintain a comprehensive market perspective.
On March 21, 2023, SS&C Technologies (Nasdaq: SSNC) launched a new financial planning tool within its Black Diamond Wealth Platform, developed in partnership with RightCapital. This integration enhances financial planning capabilities by synchronizing data between the two platforms, allowing for seamless communication between advisors and clients. The tool aims to improve the overall client-advisor relationship by providing a holistic view of a client’s financial plan. SS&C's Black Diamond platform serves over 2,000 advisory firms, showcasing its significance in the wealth management sector.
Crane Holdings, Co. (NYSE: CR) is set to become an independent company named Crane NXT on April 3, 2023, following a successful separation transaction. The company appointed Paul G. Igoe as Senior Vice President, General Counsel, and Secretary, effective March 20, 2023. Igoe, previously with SS&C Technologies and Teradyne, brings extensive experience in the industrial technology sector. Crane NXT will focus on growth strategies in security and authentication technologies. Shareholders will retain 100% equity in both the new Crane NXT and the remaining Crane Company post-separation.
SS&C Technologies (Nasdaq: SSNC) announced that Constellation Insurance, Inc. has selected the SS&C Precision LM platform, designed to enhance efficiency, profitability, and risk control for its $1.6 billion commercial mortgage portfolio. The cloud-based software will support various functions including loan origination, servicing, accounting, and regulatory reporting. Constellation aims to improve operational efficiency and reduce IT impact with this implementation. As of September 30, 2022, Constellation managed over $34 billion in total assets across its insurance subsidiaries.
SS&C Technologies has declared a quarterly dividend of $0.20 per share, maintaining its established dividend policy. This dividend will be payable on March 15, 2023, to shareholders on record as of the close of business on March 1, 2023. As a leading provider of services and software in the financial and healthcare sectors, SS&C continues to serve approximately 20,000 organizations globally, supporting entities from large companies to mid-market firms. This consistent dividend reflects the company's ongoing commitment to delivering value to its shareholders.
SS&C Technologies Holdings reported Q4 2022 GAAP revenue of $1,338.3 million, a 3.4% increase year-over-year, with a net income of $207.5 million. However, diluted GAAP EPS fell 13.8% to $0.81. Adjusted revenue showed slight growth of 3.3% to $1,339.1 million, but adjusted diluted EPS declined 9.4% to $1.16. Operating cash flow decreased 20.6%, totaling $1,134.3 million for the year. The company reduced debt by $166.2 million and repurchased 1.8 million shares for $90.7 million. For Q1 2023, SS&C expects adjusted revenue between $1,332.0 million and $1,372.0 million.
SS&C Technologies (Nasdaq: SSNC) has released its Q1 2023 predictions for global M&A activity via the SS&C Intralinks Deal Flow Predictor. Despite challenges like COVID-19 and inflation, M&A volume is expected to grow by 5-10% globally compared to Q1 2022. Regional forecasts indicate that Asia Pacific may see over 10% growth, while North America is likely to remain flat compared to Q4 2022 but grow 5-10% year-over-year. Conversely, Latin America is projected to decline by over 5%. SS&C Intralinks has facilitated USD 35 trillion in financial transactions, demonstrating its pivotal role in M&A deals.
FAQ
What is the current stock price of Ss&C Technologies (SSNC)?
What is the market cap of Ss&C Technologies (SSNC)?
