Ss&C Technologies Stock Price, News & Analysis

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) declared a quarterly dividend of $0.20 per share, maintaining its consistent dividend policy. This dividend will be paid on June 15, 2022, to shareholders recorded by the close of business on June 1, 2022. Founded in 1986 and headquartered in Windsor, Connecticut, SS&C provides services and software to the financial services and healthcare sectors, serving over 20,000 organizations globally.

SS&C Technologies has launched Blue Prism Desktop, a new desktop automation solution aimed at enhancing security and governance in business processes. The platform minimizes risks related to human interactions and ensures compliance with various IT standards. It offers features such as visibility over processes, trusted audit trails, and the ability to automate data-sensitive tasks. With over 2,800 customers, SS&C aims to empower enterprises to fully utilize automation while maintaining compliance and operational efficiency.

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced updates to its SS&C Advent solutions, enhancing user experience across platforms including Advent Portfolio Exchange®, Advent Genesis®, and Geneva®. Key updates focus on optimizing performance, integration, and data transparency. Innovations include improved workflow automation in Advent Outsourcing Services, advanced order management in Advent Genesis, and enhanced reporting features in Advent Portfolio Exchange. These updates aim to empower customers to manage workflows efficiently and maintain control over complex fund structures.

SS&C Technologies (Nasdaq: SSNC) has been selected by Cauris, a debt investment manager, to provide administration services for its new private debt fund aimed at expanding financial inclusion in the Global South. The partnership focuses on using innovative solutions and DeFi lending protocols to support multi-currency funds, including those financed by stable coins. This move highlights SS&C's commitment to ESG efforts and its capability to accommodate advanced financing structures.

SS&C Technologies (Nasdaq: SSNC) announced the extension of its partnership with Liontrust Asset Management, following Liontrust's acquisition of Majedie Asset Management. Liontrust will utilize SS&C's Eze Investment Suite to manage approximately GBP38.5 billion in assets. This collaboration will involve over 20 users transitioning to the Eze platform, enhancing Liontrust's asset management capabilities. Since adopting Eze in 2016, Liontrust has grown its assets by more than GBP30 billion. The recent acquisition added an additional GBP5.2 billion in assets under management.

SS&C Technologies Holdings reported Q1 2022 GAAP revenue of $1,295.0 million, a 5.0% increase from Q1 2021. Fully diluted GAAP EPS was $0.64, down 1.5%. Adjusted revenue rose 4.9% to $1,296.2 million, with adjusted EPS of $1.25, up 5.9%. Organic growth reached 4.3%, primarily from the Alternatives, Intralinks, and Advent units. However, healthcare revenue declined 15.5%. The company also repurchased 2.3 million shares at $75.22 each, totaling $170.9 million.

SS&C Technologies (Nasdaq: SSNC) released findings from its Blue Prism research, revealing that 67% of businesses have increased productivity in the last 12-18 months. However, 50% of enterprise organizations face challenges in maintaining these productivity levels, primarily due to rising operational costs and talent shortages. The study, which surveyed over 1,000 decision-makers across Europe and North America, indicated that 69% of enterprises plan to implement intelligent automation (IA) to enhance productivity. The insights were shared ahead of the upcoming Blue Prism World 2022 event.