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 (Nasdaq: SSNC) announced that Elevar Equity, a venture capital firm focused on emerging markets, has selected SS&C GlobeOp as its fund administrator. This partnership aims to enhance operational efficiencies across various fund structures, enabling Elevar to concentrate on strategic growth. Elevar invests in entrepreneurs addressing inclusivity and affordability, impacting low-income communities in regions including India and Latin America. SS&C will provide investor services technology and performance reporting tools to support Elevar's mission.
SS&C Technologies Holdings reported the SS&C GlobeOp Forward Redemption Indicator for February 2022 at 1.79%, an increase from 1.52% in January. This marks a significant decrease from 2.37% in February 2021, indicating the lowest redemption level for February since the indicator's inception in 2008. Despite declines in equity and fixed income markets, this demonstrates investor confidence in hedge fund managers. The next publication is scheduled for March 21, 2022.
SS&C Technologies Holdings has declared a quarterly dividend of $0.20 per share, maintaining its commitment to shareholder returns. The dividend will be paid on March 15, 2022, to stockholders recorded by March 1, 2022. This consistent dividend payout reflects SS&C's steady financial position and ongoing confidence in its business model.
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SS&C Technologies Holdings (NASDAQ: SSNC) reported robust financial results for Q4 and FY 2021, with revenues reaching $1,294.2 million and $5,051.0 million, marking increases of 7.5% and 8.2%, respectively. Operating income rose by 19.2% to $320.2 million for Q4, while diluted EPS saw a remarkable 27.0% jump to $0.94.
The company generated $1,429.0 million in operating cash flow and reduced debt by $519.9 million. Looking ahead, Q1 2022 guidance suggests adjusted revenue between $1,258 million and $1,298 million, bolstering confidence in future growth.
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SS&C Technologies Holdings (NASDAQ: SSNC) has been chosen by ProFunds to provide 18f-4 risk analytics for the new Bitcoin Strategy ProFund (BRCFX), the first publicly available U.S. mutual fund linked to bitcoin performance. The collaboration allows ProFunds to meet SEC compliance requirements for derivatives. SS&C's Algorithmics Managed Data and Analytics Service will support advanced risk analytics across various asset classes, including cryptocurrency. With over $60 billion in assets managed, ProFunds aims to enhance investor opportunities in the crypto market.