Ss&C Technologies Stock Price, News & Analysis

SS&C Technologies Holdings (SSNC) has announced the renewal of its transfer agency agreement with Dimensional Fund Advisors (DFA) for their U.K. fund range. The extended partnership will see SS&C providing transfer agency services for DFA's open-ended investment company funds, which manage GBP 8.7 billion in assets.

This renewal builds on a decade-long relationship between the companies, following DFA's 2023 contract renewal for SS&C to service its '40 Act mutual funds in the U.S. SS&C Global Investor and Distribution Solutions (GIDS), as the largest global transfer agency, services over 1,000 clients worldwide, offering data-driven operational insights, end-to-end interaction recording, digitized service delivery, and global data management capabilities.

State Street (NYSE: STT) and SS&C Technologies (Nasdaq: SSNC) announced plans to restructure their International Financial Data Services (IFDS) joint venture in Luxembourg and Ireland after nearly 20 years of collaboration. Under this restructuring, transfer agency services currently provided by IFDS in these locations will transition to each company's respective operations.

State Street will insource transfer agency capabilities for its clients, while SS&C will rebrand the existing transfer agency entities in Ireland and Luxembourg as a wholly-owned business within its Global Investor & Distributions Solutions division. The restructuring is expected to be completed in the second part of 2025, subject to approvals and conditions.

Both companies emphasized that this decision aims to simplify their operating models and improve the transfer agency experience for clients. They committed to maintaining service quality, retaining transfer agency employees, and minimizing disruptions during the transition. The restructuring does not affect IFDS Canada, which will continue serving the North American market.

State Street and SS&C Technologies (Nasdaq: SSNC) announced a restructuring of their European International Financial Data Services (IFDS) joint venture in Luxembourg and Ireland. After nearly 20 years of collaboration, the transfer agency services provided by IFDS in these regions will be integrated into each company's operations.

State Street will insource transfer agency services for its clients, while SS&C will rebrand and operate the existing transfer agency entities in Ireland and Luxembourg as a wholly-owned SS&C business within its Global Investor & Distribution Solutions division. The restructuring is expected to be completed in the second half of 2025, pending customary approvals and conditions.

According to Donna Milrod, Chief Product Officer of State Street, the move aims to simplify operations and enhance the transfer agency experience for clients. Nick Wright, Global Head of SS&C GIDS, emphasized their commitment to providing excellent global transfer agency technology and solutions. The restructuring will utilize current teams and technology to minimize disruptions for clients and employees. This decision does not affect IFDS Canada.

SS&C Technologies Holdings (SSNC) has reported its Forward Redemption Indicator for February 2025 at 2.33%, showing an increase from January's 2.01%. This figure aligns with the five-year average of 2.26%. The indicator represents redemption notices from investors in hedge funds administered by SS&C GlobeOp, divided by Assets under Administration (AuA).

According to Chairman Bill Stone, despite current market uncertainties regarding tariffs, monetary, and fiscal policy, along with elevated volatility and a slowing global economy, hedge funds are positioned to potentially generate superior returns. With stable redemptions, hedge fund assets are expected to continue growing.

The Forward Redemption Indicator has significantly improved since its peak of 19.27% in November 2008. The indicator provides insight into investor confidence in hedge fund allocations, with redemption notices typically received 30-90 days before the redemption date.

SS&C Technologies Holdings (SSNC) has announced an expanded partnership with LPL Financial Holdings (LPLA), which will now use SS&C ALTSERVE™ to grow its alternatives business. LPL, which already uses SS&C's Brokerage Solutions, will leverage this integration to enhance its alternative investment experience through LPL Alts Connect.

The partnership will enable LPL to streamline back and middle-office functions, standardize data feeds, and improve custody of alternative investment products. Key benefits include enhanced onboarding capabilities, improved position transfers in both taxable and tax-exempt registrations, faster processing of subscriptions and redemptions, and better accuracy in position valuations.

LPL Financial currently supports nearly 29,000 financial advisors and approximately 1,200 financial institutions, managing about $1.7 trillion in brokerage and advisory assets for approximately 6 million Americans.

SS&C Technologies Holdings (Nasdaq: SSNC) has been selected by Arrowpoint Investment Partners, Singapore's new multi-strategy hedge fund firm, to administer its flagship $1 billion multi-strategy fund. The fund operates with 18 portfolio managers across Hong Kong and Singapore, implementing various investment strategies.

Arrowpoint, founded by Jonathan Xiong, former co-CEO of Millennium's Asia operations, integrates fundamental and quant strategies across equities, fixed income, and commodities. The firm focuses on Asian investments and aims to generate consistent, high-quality, risk-adjusted returns through technology integration.

SS&C GlobeOp was chosen for its expertise in handling multiple asset classes, complex fee structures, and managing reporting requirements for multi-manager vehicles.

SS&C Technologies (Nasdaq: SSNC) has declared a quarterly dividend of $0.25 per share, maintaining its regular dividend policy. The dividend will be paid on March 17, 2025, to shareholders of record as of March 3, 2025.

SS&C, established in 1986 and headquartered in Windsor, Connecticut, serves as a global provider of services and software for the financial services and healthcare industries. The company supports over 22,000 organizations across various sectors, from large enterprises to mid-market firms, offering expertise, scale, and technology solutions.

SS&C GlobeOp has reported its Hedge Fund Performance Index and Capital Movement Index figures for early 2025. The hedge fund performance showed a gross return of 0.81% in January 2025, while the Capital Movement Index advanced 0.60% in February, marking a significant increase from 0.08% reported a year ago.

Chairman Bill Stone highlighted that increased global market volatility, influenced by the DeepSeek AI announcement and potential increased global tariffs, has positioned hedge funds well for growth due to their focus on risk-adjusted returns across diverse investment strategies.

The SS&C GlobeOp Hedge Fund Performance Index's year-to-date return stands at 0.81%, with a last 12-month return of 9.03%. The Capital Movement Index reached 124 points in February 2025, showing a 0.60-point increase over January. The index represents approximately 10% of the estimated assets currently invested in the hedge fund sector.

Morningstar (MORN) and SS&C Technologies announced a strategic alliance integrating SS&C's Black Diamond® Wealth Platform with Morningstar's new Direct Advisory Suite. This integration combines Morningstar's investment data, research, and portfolio analysis with Black Diamond's portfolio accounting, client communications, and performance reporting capabilities.

The Direct Advisory Suite, built on Morningstar's Direct Platform, represents the next evolution of Advisor Workstation, which serves over 175,000 advisors. It features extensive research tools, advanced portfolio analytics, and AI-powered assistance. The approximately 2,700 wealth management firms using Black Diamond will have optional access to these capabilities.

As part of this transition, Morningstar will retire Morningstar Office, offering users a customized migration process to Black Diamond while maintaining access to Morningstar's data and research.