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), a global leader in financial services and healthcare software solutions, provides this centralized hub for tracking corporate developments and strategic initiatives. Access official press releases, earnings announcements, and operational updates from the company powering fund administration, intelligent automation, and healthcare IT systems worldwide.
This resource delivers timely updates on mergers & acquisitions, product innovations, and regulatory compliance developments across SS&C's core markets. Investors and industry professionals will find essential information about SaaS platform enhancements, strategic partnerships, and financial performance metrics.
Key content categories include detailed coverage of quarterly earnings calls, technology patent filings, and global expansion initiatives. The curated news selection helps stakeholders monitor SS&C's progress in digital transformation for asset managers, insurers, and healthcare providers.
Bookmark this page for streamlined access to SS&C's latest operational milestones. Combine these updates with fundamental analysis tools available through Stock Titan to maintain a comprehensive market perspective.
SS&C Technologies announced its SS&C GlobeOp Forward Redemption Indicator for November 2021 at 2.28%, a significant rise from 1.56% in October. This marks a notable decrease from 3.63% reported last year, indicating lower hedge fund redemptions. This result reflects seventeen consecutive months of declining year-over-year redemptions. The November 2021 figure is the lowest recorded since the indicator's inception in 2008, demonstrating strong hedge fund asset retention heading into year-end.
SS&C Technologies has made a preliminary approach to acquire Blue Prism Group for 1,200 pence per share, valuing Blue Prism at approximately $1.6 billion. Blue Prism, based in London, is recognized for its enterprise intelligent automation solutions. The acquisition aims to enhance SS&C's technological offerings, particularly in intelligent automation. However, the approach is contingent on due diligence and no guarantee of an offer exists. A further announcement will follow if applicable.
SS&C Technologies has announced a quarterly dividend increase to $0.20 per share, up from $0.16. The dividend will be paid on December 15, 2021, to shareholders on record by December 1, 2021. CEO Bill Stone highlighted strong operational performance, reporting $944.8 million in net cash from operating activities for the first nine months of 2021. This decision reflects the company’s commitment to a shareholder-friendly capital allocation strategy amid ongoing market challenges.
On November 16, 2021, SS&C Technologies (Nasdaq: SSNC) announced its partnership with SoFi Securities. SoFi will utilize SS&C's Risk & Compliance Intelligence Platform (RCI) to enhance its compliance and monitoring programs. The platform will assist SoFi in adhering to FINRA regulations and improving its anti-money laundering efforts. RCI's capabilities include advanced risk analysis and customizable compliance testing. This integration aims to streamline compliance reporting amidst a complex regulatory environment.
SS&C Technologies Holdings (Nasdaq: SSNC) released the Global M&A Dealmakers Report 2022, highlighting strong sentiment among dealmakers despite the pandemic. With global M&A value reaching USD 1.51 trillion in Q2 2021, nearly two-thirds of surveyed dealmakers expect M&A activity to rise in the next year, with a significant portion anticipating a sizable increase. Key trends include heightened appetite for middle-market deals, increased focus on data analytics and cybersecurity, and greater scrutiny around environmental, social, and corporate governance (ESG) factors.
SS&C Technologies (Nasdaq: SSNC), a leader in software solutions for financial services and healthcare, announced it will participate in two upcoming investor conferences. Rahul Kanwar, President and COO, will present at the Citi Virtual FinTech Conference on November 15, 2021, at 12:45 PM ET. Bill Stone, Chairman and CEO, will speak at the RBC Capital Markets Global Technology Conference on November 17, 2021, at 8:55 AM ET. Webcasts of these presentations will be accessible on SS&C's investor relations website.
SS&C Technologies (Nasdaq: SSNC) announced the extension of its transfer agency relationship with American Funds Service Company, part of Capital Group. This partnership, ongoing for 30 years, allows SS&C to provide comprehensive transfer agency solutions, enhancing digital tools and services. The collaboration aims to deliver a consistent experience for investors and advisors, incorporating SS&C's modernized Lyric platform for global recordkeeping. Capital Group manages over $2.6 trillion in assets, emphasizing a long-term investment focus.
SS&C Technologies (Nasdaq: SSNC) has announced that KB Asset Management Singapore, part of KB Financial Group, selected its front-to-back office solution for investment operations. The comprehensive platform integrates fund administration, middle-office services, and the Eze Investment Suite, streamlining operations for various asset classes. BH Chung, CEO of KB Asset Management Singapore, highlighted the need for a partner with robust solutions. SS&C aims to help clients manage portfolios efficiently while mitigating risks associated with investment operations.
RiverNorth Opportunities Fund (NYSE: RIV) has successfully completed its transferable rights offering, issuing 4,373,407 new common shares. The offering, which closed on November 5, 2021, priced shares at $16.81 each, based on 97.5% of the Fund's net asset value, generating gross proceeds of approximately $73.5 million. The offering was oversubscribed, with excess requests allocated pro-rata among participating shareholders. As of September 30, 2021, the Fund reported $221 million in net assets and 13.1 million shares outstanding.
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