Ss&C Technologies Stock Price, News & Analysis

SS&C GlobeOp has released its Forward Redemption Indicator for July 2022, registering at 1.82%, a decrease from 2.42% in June. This figure is nearly identical to the 1.81% recorded a year prior and significantly below the historic July averages. Bill Stone, SS&C's CEO, noted a positive trend in hedge fund asset retention, indicating increased investor confidence amid a volatile market. The next report will be available on August 19, 2022.

RiverNorth Opportunities Fund has declared a preferred dividend of $0.3750 per share for its 6.00% Series A Perpetual Preferred Stock (symbol: RIVPRA) for Q3 2022. Key dates include the Ex Date on August 1, 2022, Record Date on August 2, 2022, and Payable Date on August 15, 2022. This distribution is governed by the Fund's liquidation preference of $25.00 per share, though it carries inherent risks, including variability in net asset value and market conditions affecting returns.

SS&C Technologies Holdings (Nasdaq: SSNC) announced that Momentum Investments, a leading South African asset management firm, has chosen its Sylvan solution to enhance investment performance measurement and support growth. Momentum Investments, managing over R550 billion (US$34 billion), aims to integrate its performance systems into a single, robust platform. Jannie du Randt, Operations Executive at Momentum, highlighted Sylvan’s flexibility and SS&C’s expertise in their selection process. The award-winning solution offers cloud-based reporting and compliance with GIPS® standards.

Maryland Care, Inc. has selected SS&C Technologies to transition to the Singularity investment accounting platform. This decision aims to enhance operational efficiency, with a focus on timely and accurate reporting for its investment portfolios. SS&C's advanced technology and experienced team are expected to improve month-end close processes and statutory filings. With a 36-year track record in the insurance and asset management sectors, SS&C continues to expand its influence, especially within the insurance industry.

SS&C Technologies Holdings (Nasdaq: SSNC) will announce its Q2 2022 financial results on July 27, 2022, after market close. An earnings conference call is scheduled for the same day at 5:00 p.m. Eastern Time, where details of the financial performance will be discussed. Investors can access the press release on the company's website or via email alerts. SS&C provides software and services for the financial services and healthcare sectors, serving approximately 20,000 organizations globally.

SS&C Technologies (Nasdaq: SSNC) launched its new Asset Allocator Platform, integrating software and services for institutional investors. This platform serves pension funds, endowments, and foundations, enabling them to manage multiple investments effectively. Notably, the University of Wyoming Foundation migrated over 100 private funds onto this system. The platform enhances data aggregation, reporting, and portfolio management, aiming to streamline client operations. The launch reflects SS&C's commitment to providing cutting-edge solutions in the financial services sector.

SS&C Technologies Holdings (Nasdaq: SSNC) announced major enhancements to its SS&C Eze investment management platforms on June 23, 2022. The updates focus on fixed income liquidity, digital asset trading, and multi-asset workflows. New features include expanded liquidity options, improved repo workflows, a digital asset trading network supporting 26 token pairs, and enhanced automated trading capabilities. These developments position SS&C Eze as a leader in cutting-edge investment technology solutions, addressing key challenges faced by asset managers.

SS&C Technologies (Nasdaq: SSNC) has announced a strategic partnership with Xcentuate, enhancing its presence in the EMEA and APAC regions. This collaboration follows SS&C's acquisition of Blue Prism, a leader in Robotic Process Automation. Xcentuate will act as a consulting partner, providing implementation and support for complex projects. This partnership aims to leverage Xcentuate's expertise to access new customers, develop targeted solutions, and enhance professional services within the burgeoning operational automation market.