Ss&C Technologies Stock Price, News & Analysis

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.

On October 25, 2022, SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced a partnership with Janney Montgomery Scott LLC, enhancing the latter's investment performance and reporting capabilities. Janney will utilize SS&C's technology, including SS&C Sylvan and Vision FI, for client reporting and analytics. This collaboration aims to streamline data validation and performance calculations, providing faster and more efficient service to Janney's clients. Senior executives from both companies highlighted the benefits of this scalable and cost-effective solution.

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.