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. (Nasdaq: SSNC) is a global provider of services and software for the financial services and healthcare industries. Founded in 1986 and headquartered in Windsor, Connecticut, the company is frequently in the news for developments across fund administration, wealth management technology, corporate actions and capital markets activity.
This SSNC news page highlights press releases and third-party coverage related to SS&C’s business. Readers can follow announcements about earnings release schedules, quarterly and full-year results, and dividend declarations on the company’s common stock. SS&C regularly files Form 8-K reports to furnish earnings information and to disclose material events such as acquisitions and financing arrangements.
News items also cover SS&C’s role in fund administration and indices through SS&C GlobeOp, including monthly publications of the SS&C GlobeOp Forward Redemption Indicator and related hedge fund indices. These updates provide insight into redemption activity, capital movements and performance trends for hedge funds administered on the SS&C GlobeOp platform.
In addition, SS&C issues news on strategic initiatives such as the expansion of its European wealth management capabilities via MiFID authorization in Ireland, technology enhancements like integrations within SS&C Black Diamond Wealth Solutions, and client wins where fund managers select SS&C for administration and operational support. Subsidiary activity, including SS&C ALPS Advisors’ involvement with closed-end funds and exchange-traded funds, also appears in related releases.
Investors, analysts and industry participants can use this page to monitor ongoing corporate developments, product and platform updates, index publications and other events that may influence their view of SS&C’s operations and strategic direction.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) forecasts a neutral to negative outlook for Q3 2022 M&A activity. Despite a downward trend, M&A volume is projected to exceed Q3 2020 and Q3 2019 by over 20%. Regional forecasts include a moderate decline in Asia Pacific, flat performance in Europe and the Middle East, double-digit underperformance in Latin America, and a decline of less than -5% in North America. SS&C Intralinks has facilitated $35 trillion in transactions, underscoring its role in M&A, capital raising, and investor reporting.
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.
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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.