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. reports developments across investment, financial and healthcare software, technology-enabled services and enterprise automation. Recurring updates include quarterly earnings, cash flow and leverage commentary, product launches such as SS&C Blue Prism WorkHQ, and AI governance initiatives for regulated enterprises.
Company news also covers SS&C GlobeOp fund administration data, including hedge fund redemption and capital movement indicators, as well as client deployments involving managed IT services, fund administration, middle- and back-office operations, investor services and regulatory reporting.
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RiverNorth Opportunities Fund has declared a preferred dividend for Q2 2022. Key details include an ex-dividend date of May 2, 2022, a record date of May 3, 2022, and a payable date of May 16, 2022. The dividend is for the 6.00% Series A Perpetual Preferred Stock (RIVPRA), amounting to $0.1042 per share, representing a partial distribution from the original issue date of April 20, 2022. The Fund emphasizes the potential risks associated with its investment objectives and distribution variability.
SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) reported a Forward Redemption Indicator for April 2022 at 1.48%, down from 1.92% in March. This marks the lowest redemption rate for April since the indicator's inception in 2008. The decrease in redemption notices, compared to 2.07% a year ago, indicates increasing investor confidence in hedge fund managers amidst market volatility. The next report is scheduled for May 20, 2022.
SS&C Technologies will report its first quarter 2022 financial results on April 28, 2022, after market close. An earnings conference call is scheduled for the same day at 5:00 p.m. Eastern Time. Details for the call are provided, including dial-in numbers for participants and an audio replay available from 8:00 p.m. on April 28 until midnight May 5. Founded in 1986 and headquartered in Windsor, Connecticut, SS&C serves 18,000 organizations in the financial and healthcare sectors, emphasizing its scale and technological solutions.
SS&C Technologies (Nasdaq: SSNC) has renewed its long-term transfer agency relationship with Rathbone Funds, a U.K. asset manager managing nearly £13 billion. Rathbone Funds has been partnered with SS&C for 15 years, emphasizing the importance of technology in enhancing customer experience. The extension includes leveraging SS&C's Adviser OnLine for better portfolio access and commission reporting. SS&C manages over £11 billion in assets for Rathbone, showcasing consistent growth even during the pandemic.
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SS&C Technologies (Nasdaq: SSNC) released its Q2 2022 SS&C Intralinks Deal Flow Predictor, forecasting a decline in M&A activity compared to Q1 2022 across most regions, except for Europe, the Middle East, and Africa, where growth is expected. North America anticipates a slight decrease of 5% from Q1 but a 5-10% increase year-over-year. Asia Pacific and Latin America are expected to underperform, with minimal changes. Despite geopolitical tensions affecting Eastern Europe, global deal flow remains steady. SS&C Intralinks has facilitated USD 35 trillion in financial transactions.
Principal Real Estate Income Fund, traded as PGZ, announces a 5.00% increase in monthly distributions to $0.105 per share starting May, reflecting an annualized distribution rate of 7.37% based on the current net asset value of $17.09 as of March 29, 2022. Key distribution dates include Ex Date on May 12, Record Date on May 13, and Payable Date on May 31. The Fund highlights that investments carry risks, including potential loss of capital, and should be considered for long-term objectives only.
SS&C Technologies (NASDAQ: SSNC) announced an extended partnership with South African insurer Old Mutual Limited, which manages approximately ZAR 800 billion in assets. Old Mutual has adopted SS&C Chorus BPM, a cloud-based process automation solution. This transition is aimed at enhancing agility and customer service through improved processing and communication. The collaboration marks a significant milestone in their 30-year relationship, emphasizing SS&C's commitment to digital transformation solutions for its clients.
SS&C Technologies Holdings has successfully completed its acquisition of Hubwise Holdings Limited in an all-cash transaction. Hubwise, a regulated B2B investment platform, serves advisers and self-directed D2C propositions. The deal adds 58 employees and 51 customers in the U.K., enhancing SS&C's capabilities in the retail investment market. Bill Stone, CEO of SS&C, emphasized the strategic importance of this acquisition, which aims to leverage SS&C's scale and digital services to create efficient multi-asset strategies.