Ss&C Technologies - SSNC STOCK NEWS

The Alerian MLP ETF (NYSE Arca: AMLP) announced a fourth quarter 2022 distribution of $0.75 per share, declared on November 8, 2022. Shareholders on record as of November 10, 2022, will receive the dividend on November 16, 2022. The distribution is estimated to be a 100% return of capital. Important dates include the ex-date on November 9, 2022, and the record date on November 10, 2022. Investors should be aware that the Fund is taxed as a regular corporation, which can affect distributions.

SS&C Technologies (Nasdaq: SSNC) has been selected by Bitwise Asset Management, the largest crypto index fund manager, to utilize its Eze Investment Suite for managing $1.3 billion in assets across 15 strategies, including crypto ETFs and NFT funds. The suite will streamline trading operations and enhance portfolio management, compliance, and data flows while providing connectivity to OTC trading desks. This partnership underscores SS&C's commitment to supporting the evolving digital asset landscape.

SS&C Technologies (Nasdaq: SSNC) announced its participation in two upcoming investor conferences. Rahul Kanwar, President and COO, will speak at the Citi Fintech Conference on November 14, 2022, at 9:45 am ET in New York. Patrick Pedonti, CFO, will present at the RBC Capital Markets Conference on November 15, 2022, at 4:20 pm ET, also in New York. Webcasts of both presentations will be available on SS&C's investor relations website.

XP Investments US, a subsidiary of XP Inc., will utilize SS&C's trade management solutions to enhance trading operations. By integrating SS&C MarketTrader and SS&C Eze EMS, XP aims to improve trade cost analysis and compliance monitoring. This partnership supports multi-currency, multi-asset trading, and meets CAT reporting requirements. XP Inc. currently manages R$925 billion in client assets and serves 3.8 million active clients, positioning itself as a key player in Brazil's financial services landscape.

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced that over 25 clients have adopted its cloud-native investment operations platform, SS&C Aloha, over the past year. Clients from 15 countries, including Trustees Executors Limited from Australia, are leveraging the platform to enhance their investment operations with a single data model and real-time updates. SS&C Aloha aims to streamline operations and reduce overhead for wealth and asset managers, providing an intuitive user experience with integrated intelligent technologies.

SS&C Technologies reported Q3 2022 revenue of $1,321.0 million, a 4.5% increase from the previous year. However, fully diluted GAAP EPS fell 11.6% to $0.61. Adjusted revenue grew 4.4% to $1,322.0 million, with adjusted diluted EPS dropping 12.9% to $1.15. The company generated $317.1 million in operating cash flow. SS&C faced challenges from market conditions and rising interest rates, but managed to increase adjusted EBITDA margins by 260 basis points compared to Q2 2022. Strong client engagement was noted amid these pressures.

SS&C Technologies (Nasdaq: SSNC) announced its support for A10 Capital's $2.4 billion loan servicing portfolio, primarily focused on real estate loans. A10 Capital, a commercial real estate lender, has adopted SS&C's Precision LM for enhanced loan servicing and borrower experience. The implementation process aims to streamline operations while maintaining day-to-day business flows. SS&C's Precision LM provides a comprehensive loan management platform that integrates origination, servicing, and asset management functionalities.

SS&C Technologies Holdings (Nasdaq: SSNC) has been appointed by Carrara Capital as the fund administrator for its newly launched Carrara Global Opportunities Fund. This multi-strategy fund aims to achieve consistent risk-adjusted returns through investments in currencies, fixed income, global equities, credit, and private opportunities. SS&C will provide a comprehensive suite of hedge fund services, including fund administration and investor services tailored to Australia. The collaboration underscores SS&C's commitment to supporting Australia's alternative asset managers.