Ss&C Technologies - SSNC STOCK NEWS

SS&C GlobeOp Forward Redemption Indicator for October 2022 shows a rate of 2.35%, down from 2.67% in September. This figure remains above the record low of 1.56% from a year ago and is better than the long-term average for October redemptions. The indicator reflects investor confidence, measured as the percentage of forward redemption notices from hedge fund investors relative to assets under administration. Notably, recent trends indicate a shift away from the historically low redemption levels seen during the COVID-19 pandemic. The next update will be on November 21, 2022.

SS&C Technologies (Nasdaq: SSNC) successfully hosted its annual client conference, SS&C Deliver 2022, reuniting over 1,300 financial services and healthcare professionals. The conference featured 250 speakers across 120 sessions, emphasizing innovation in technology for these sectors. Key discussions included adapting to hybrid environments, direct-to-consumer strategies, and addressing regulatory challenges. The event concluded with a keynote from investor Kevin O'Leary, and plans for the 2023 conference are already underway for October 22-24 in Austin, Texas.

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) will announce its third quarter financial results on October 27, 2022, after market close. The earnings conference call is set for 5:00 p.m. Eastern Time the same day. Investors can access the earnings report via PR Newswire or SS&C's website. An audio replay will be available following the call and can be accessed until November 3, 2022. Established in 1986 and headquartered in Windsor, Connecticut, SS&C serves over 20,000 financial and healthcare organizations globally.

SS&C Technologies Holdings (Nasdaq: SSNC) has partnered with Sanlam Life Insurance Limited, a leading financial services group in Africa, to provide integrated investment management solutions. The collaboration aims to streamline operations for Glacier Financial Solutions, a subsidiary of Sanlam, which manages over R400 billion in assets. This partnership focuses on enhancing client outcomes through advanced investment administration capabilities, aligning with Sanlam's growth goals and digital transformation strategy.

On Oct. 5, 2022, SS&C Technologies (Nasdaq: SSNC) released its Q4 2022 M&A predictions via the Intralinks Deal Flow Predictor. The report indicates stability in M&A activity, maintaining last year's levels while exceeding Q3 2022 by double digits. North America is forecast to see a significant rebound, with growth in Canada and the U.S. Asia Pacific is expected to show a 5-10% increase, while Latin America anticipates over 10% growth. The report underscores a resilient merger landscape despite global challenges, projecting a strong finish for the year.

At the SS&C Deliver Conference, over 800 leaders from financial services and healthcare gathered to explore new SS&C solutions. Key announcements include enhancements to the fund administration platform, SS&C Managed Services, and new tax and treasury management capabilities. The company has invested over $15 billion in R&D over the last decade. Upcoming solutions for Q1 2023 include SS&C Tax BrightLine, a comprehensive tax solution, and SS&C Everywhere, a marketplace for data services. The event featured expert sessions and was headlined by investor Kevin O'Leary.

The Principal Real Estate Income Fund (PGZ) announced monthly distributions of $0.105 per common share, reflecting an annualized distribution rate of 9.64% based on a net asset value of $13.07 as of September 30, 2022. Key distribution dates are set for November, December 2022, and January 2023. The Fund emphasizes that investing involves risks, including potential loss of the investment and market fluctuations affecting net asset value. Shareholders will receive tax characterization information in early 2023.