Ss&C Technologies Stock Price, News & Analysis

SS&C Technologies Holdings announces the appointment of Bhagesh Malde to lead its newly combined global fund administration and servicing business under the SS&C GlobeOp brand. This consolidation will enhance hedge fund administration and private markets services, driven by the anticipated growth in the alternatives industry, expected to reach $23.21 trillion by 2026. Malde previously led SS&C GlobeOp Private Markets and has extensive experience from State Street and J.P. Morgan. The move is seen as a strategic response to increasing demand for innovative technology solutions in the evolving investment landscape.

ISPT, a leading Australian property fund manager, has selected SS&C Sylvan for its investment performance measurement needs. This decision comes as ISPT looks to improve its analytics capabilities and replace its existing system. SS&C Sylvan's features include automated financial data ingestion and advanced return calculation methods, making it a strong fit for ISPT's objectives. With over A$22 billion in assets under management, ISPT aims to enhance its return analysis across various property investment sectors.

SS&C Technologies Holdings (Nasdaq: SSNC), a leader in software and services for the financial and healthcare sectors, announced its participation in key investor conferences. Bill Stone, CEO, will engage in 1:1 meetings at Morgan Stanley's Hybrid Non-Deal Roadshow on September 13, 2022, in New York City. Additionally, Rahul Kanwar, President, is set to participate in the UBS FinTech One-on-One Conference on September 15, 2022. SS&C, founded in 1986 and headquartered in Windsor, Connecticut, serves over 20,000 organizations worldwide.

D.A. Davidson served as the exclusive advisor to Wavecrest Growth Partners-led Tier1 CRM in its sale to SS&C Technologies (NASDAQ: SSNC). Tier1 CRM specializes in deal management and compliance solutions, enhancing productivity for clients in equity research and investment banking. D.A. Davidson previously advised Tier1 CRM during its recapitalization in December 2017. This marks D.A. Davidson's fourth successful transaction with SS&C, showcasing their expertise in the capital markets technology sector, with nearly 80 advisory transactions valued over $20 billion since January 2021.

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.