Ss&C Technologies Stock Price, News & Analysis

SS&C Technologies announced that Nippon Life India Asset Management (Singapore) has transitioned its operations to the SS&C Eze asset management platform. This strategic move aims to leverage the Eze Investment Suite for various funds, including a recently launched Fixed Income ETF. CEO Abhijit Singh emphasized the platform's scalability and robust capabilities, which can enhance investment operations across multiple asset classes. The partnership underscores SS&C's reputation in providing efficient data flow and automated reporting solutions, positioning Nippon Life India Singapore for future growth.

SS&C Technologies Holdings will release its financial results for the fourth quarter and full year 2022 on February 7, 2023, after market closure. An earnings conference call will follow at 5:00 p.m. ET to discuss the results. Investors can access the release via SS&C's website or PR Newswire. The call can be replayed until February 14, 2023. SS&C, headquartered in Windsor, Connecticut, serves over 20,000 organizations in financial services and healthcare, leveraging its software solutions since 1986.

SS&C Technologies (Nasdaq: SSNC) released the 2023 Global M&A Dealmakers Sentiment Report based on a survey of 300 global M&A professionals. Conducted in collaboration with Mergermarket, the survey indicates optimism despite challenges in the dealmaking environment. Key findings reveal that 62% anticipate an increase in M&A activity over the next year, and 72% expect more scrutiny on ESG issues in M&A processes. Additionally, 68% believe deal automation will impact M&A in the next 12 months. The report stresses the importance of strategic agendas in acquisitions and highlights challenges in securing funding as capital costs rise.

On January 17, 2023, SS&C Technologies Holdings (Nasdaq: SSNC) announced a continuation of its long-term transfer agency relationship with Quilter Investors Limited, the fund management arm of Quilter Plc. Since their partnership began in 2014, SS&C has provided distribution and investor technology solutions to support Quilter's OEIC range of funds. This extension reflects the commitment of both firms to enhance service levels and improve investment management tools. Quilter oversees approximately £96.9 billion in customer investments as of September 2022, emphasizing the importance of this collaboration for both companies.

SS&C Technologies has entered into an outsourced administration agreement with USAA Real Estate to manage fund and property accounting. Under this arrangement, around 60 employees from USAA's team will transition to SS&C GlobeOp's group in San Antonio and Dallas. This partnership aims to enhance best-in-class analysis and reporting for USAA Real Estate's assets while allowing its team to focus on core competencies. SS&C administers over 2,640 funds and is committed to supporting growth initiatives within private markets.

SS&C Technologies (Nasdaq: SSNC) announced that President and COO Rahul Kanwar will present at the 25th Annual Needham Growth Conference on January 10, 2023, at 11:45 am ET, held in New York City. The event will also provide webcasts and presentation materials accessible via SS&C's investor relations website. Established in 1986, SS&C supports around 20,000 financial services and healthcare organizations globally, highlighting its significant role in these industries.

On January 3, 2023, Principal Real Estate Income Fund (PGZ) declared monthly distributions of $0.105 per common share, corresponding to an annualized rate of 10.01% based on its $12.59 net asset value as of December 29, 2022. Notable distribution dates include: Ex dates on February 9, March 16, and April 13, 2023; Record dates on February 10, March 17, and April 14, 2023; and Payable dates on February 28, March 31, and April 28, 2023. The press release cautions investors about risks associated with investment in the Fund and clarifies that past performance does not guarantee future results.

SS&C GlobeOp Forward Redemption Indicator for December 2022 is reported at 4.35%, up from 3.39% in November. This rise is attributed to investors adjusting allocations ahead of the year-end. Bill Stone, CEO, stated that the increase reflects investor confidence and that hedge funds have remained a strong investment option amid historic market drawdowns. The indicator reflects redemptions from hedge funds administered on the SS&C GlobeOp platform, measuring investor sentiment towards hedge fund allocations. The next report is scheduled for January 23, 2023.