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.
SS&C Technologies (Nasdaq: SSNC) announced the acquisition of Tier1 CRM from Tier1 Financial Solutions in an all-cash deal. This strategic acquisition is set to enhance SS&C's Customer Relationship Management offerings, particularly targeting capital markets and investment banks. With this deal, SS&C adds over 30 enterprise clients across the U.S., Canada, and the U.K., and integrates Tier1’s 60+ employees. SS&C aims to leverage Tier1 CRM's capabilities to optimize customer engagement and operational efficiency in its services.
SS&C Technologies (Nasdaq: SSNC) announced that Fairlight Asset Management, based in Sydney, Australia, has adopted Eze Eclipse as its investment management platform. This latest addition brings the total to over 50 asset managers in the APAC region utilizing Eze Eclipse. Fairlight's Senior Portfolio Manager highlighted how this all-in-one solution will enhance operations and compliance management. Eze Eclipse includes features such as 60 compliance rule templates and daily reconciliation capabilities, emphasizing SS&C's commitment to support emerging managers in the region.
SS&C Technologies (Nasdaq: SSNC) reported a Forward Redemption Indicator of 2.35% for August 2022, up from 1.82% in July. This figure indicates a slight increase in hedge fund redemptions, remaining above the record low of 2.24% from August 2021. The data reflects strong asset retention among hedge funds, though it continues to trend near historical lows since the onset of COVID-19. The next report is scheduled for September 22, 2022.
SS&C Technologies has announced a quarterly dividend of $0.20 per share, reaffirming its commitment to shareholder returns. This dividend is in line with the company’s established quarterly policy and will be paid on September 15, 2022, to stockholders on record as of September 1, 2022. The company continues to serve around 20,000 organizations in the financial services and healthcare sectors globally.
SS&C Technologies has announced a $1 billion stock repurchase program, reinforcing its commitment to maximizing shareholder value. The repurchase may occur through various means, depending on market conditions. Management aims to leverage free cash flow for share buybacks while maintaining flexibility for acquisitions. CEO Bill Stone expressed confidence in the company’s financial strength, highlighting that the current share price does not reflect the firm’s prospects. The program underscores a strategic initiative to enhance shareholder returns.
On July 27, 2022, shareholders of RiverNorth Opportunities Fund (NYSE: RIV) approved a new investment advisory agreement with RiverNorth Capital Management, effective around October 1, 2022. This transition will not modify the Fund's name, investment objective, or strategy. As of June 30, 2022, the Fund had $242 million in net assets and 18.2 million shares outstanding. RiverNorth Capital Management will continue its role without significant changes in day-to-day investment decisions.
SS&C Technologies Holdings (NASDAQ: SSNC) reported Q2 2022 GAAP revenue of $1,328.7 million, a 5.5% increase year-over-year, while diluted earnings per share dropped 40.8% to $0.42. Adjusted revenue also rose 5.5% to $1,330.0 million, but adjusted diluted EPS fell 11.3% to $1.10. The company achieved $264 million in net cash from operations and paid down $234.7 million in debt. For Q3 2022, SS&C anticipates adjusted revenue between $1,324.0 million and $1,364.0 million. Despite challenges, the firm remains optimistic about future growth and intelligent automation adaptations.
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