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. reports developments across investment, financial and healthcare software, technology-enabled services and enterprise automation. Recurring updates include quarterly earnings, cash flow and leverage commentary, product launches such as SS&C Blue Prism WorkHQ, and AI governance initiatives for regulated enterprises.
Company news also covers SS&C GlobeOp fund administration data, including hedge fund redemption and capital movement indicators, as well as client deployments involving managed IT services, fund administration, middle- and back-office operations, investor services and regulatory reporting.
On April 20, 2023, SS&C Technologies (Nasdaq: SSNC) released its Q2 2023 predictions via the SS&C Intralinks Deal Flow Predictor, highlighting a cautiously optimistic outlook for mergers and acquisitions (M&A) activity despite geopolitical volatility. Early-stage deal activity rose over 10% year-over-year in Q1 2023, mirroring record volumes from 2021.
Regional forecasts predict:
- Asia Pacific: Flat deal volume from Q1 2023, with expected growth of over 10% year-on-year.
- Europe, Middle East, and Africa: Flat compared to Q1, but double-digit growth against Q2 2022.
- Latin America: Growth between 5-10% year-on-year, flat versus Q1.
- North America: A decline in deal volume for Q2, flat QoQ.
Overall, SS&C Intralinks forecasts steady M&A announcements, with early-stage deals six months from public announcement.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) will announce its financial results for the first quarter ended March 31, 2023, after market close on April 27, 2023. The earnings conference call is scheduled for the same day at 5:00 p.m. Eastern Time. Investors can participate by dialing the respective numbers provided for the US and international audiences. An audio replay will be available after 8:00 p.m. on April 27 until May 4, 2023. Founded in 1986 and headquartered in Windsor, Connecticut, SS&C serves over 20,000 organizations across financial services and healthcare, emphasizing expertise, scale, and technology. For more information, visit www.ssctech.com.
The Principal Real Estate Income Fund (PGZ) has announced a monthly distribution of $0.105 per common share, translating to an annualized distribution rate of 11.09%, based on a net asset value share price of $11.36 as of March 30, 2023. The distributions are scheduled for May, June, and July 2023, with payment dates following the record dates. Investors should note that this announcement is not for tax reporting purposes, and the actual tax implications will be communicated in 2024. The investment is subject to risks, including market fluctuations and the potential for loss or reduced returns, particularly due to its exposure to below-investment grade investments.
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On March 21, 2023, SS&C Technologies (Nasdaq: SSNC) launched a new financial planning tool within its Black Diamond Wealth Platform, developed in partnership with RightCapital. This integration enhances financial planning capabilities by synchronizing data between the two platforms, allowing for seamless communication between advisors and clients. The tool aims to improve the overall client-advisor relationship by providing a holistic view of a client’s financial plan. SS&C's Black Diamond platform serves over 2,000 advisory firms, showcasing its significance in the wealth management sector.
Crane Holdings, Co. (NYSE: CR) is set to become an independent company named Crane NXT on April 3, 2023, following a successful separation transaction. The company appointed Paul G. Igoe as Senior Vice President, General Counsel, and Secretary, effective March 20, 2023. Igoe, previously with SS&C Technologies and Teradyne, brings extensive experience in the industrial technology sector. Crane NXT will focus on growth strategies in security and authentication technologies. Shareholders will retain 100% equity in both the new Crane NXT and the remaining Crane Company post-separation.
SS&C Technologies (Nasdaq: SSNC) announced that Constellation Insurance, Inc. has selected the SS&C Precision LM platform, designed to enhance efficiency, profitability, and risk control for its $1.6 billion commercial mortgage portfolio. The cloud-based software will support various functions including loan origination, servicing, accounting, and regulatory reporting. Constellation aims to improve operational efficiency and reduce IT impact with this implementation. As of September 30, 2022, Constellation managed over $34 billion in total assets across its insurance subsidiaries.
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SS&C Technologies has declared a quarterly dividend of $0.20 per share, maintaining its established dividend policy. This dividend will be payable on March 15, 2023, to shareholders on record as of the close of business on March 1, 2023. As a leading provider of services and software in the financial and healthcare sectors, SS&C continues to serve approximately 20,000 organizations globally, supporting entities from large companies to mid-market firms. This consistent dividend reflects the company's ongoing commitment to delivering value to its shareholders.