Ss&C Technologies Stock Price, News & Analysis

SS&C Technologies (Nasdaq: SSNC) announced that Trustees Executors Limited has selected its SS&C Aloha investment operations platform for its new joint venture, Flint Wealth. This platform offers comprehensive asset class support, enabling a digital backbone for enhanced investment services powered by advanced technologies including Machine Learning and Predictive Analytics. The system's single database and API services aim to consolidate client investments and improve user experience. Additionally, SS&C will support back-office services for existing products.

SS&C Technologies Holdings announced that American Equity Investment Life Holding Company will migrate its $5.4 billion mortgage loan portfolio to SS&C's Precision LM solution. This partnership aims to enhance loan management operations, automate servicing, and improve regulatory reporting. The system will handle over 800 commercial and 2,000 residential loans, optimizing document management and collaboration. Both companies expect the integration to streamline operations and support American Equity's growth.

SS&C Technologies Holdings (Nasdaq: SSNC) has been selected by SeaFort Capital, a Halifax-based private equity firm, for its fund administration services. SeaFort's new growth-focused buyout fund, SeaFort Capital Fund II, aims for a target size of $160 million with $110 million already committed. SS&C will provide comprehensive fund administration, reporting, and investor services. SeaFort's fund has notable investments from prominent Canadian families and established investors, marking a significant milestone for SS&C, which administers $100 billion in assets in Canada.

RiverNorth Opportunities Fund (RIV) announced updates on its November 2021 monthly distribution, with an Ex Date set for November 15 and a Record Date for November 16. Shareholders will receive $0.17 per share, amounting to an annualized distribution rate of approximately 12.05%, based on a current NAV of $16.93. Shareholders who participated in the 2021 rights offering are eligible for this distribution. The next payment date is November 30, 2021. Investments in the Fund carry risks, including potential loss of capital and variable distribution rates.

On October 28, 2021, SS&C Technologies Holdings reported a strong financial performance for Q3 2021. Revenue increased by 9.7% to $1,264.4 million, while operating income rose 32.3%, leading to a diluted EPS of $0.69, up 15%. Adjusted revenue showed a similar growth trajectory, with adjusted operating income up 16.8%. The company's EBITDA reached a record $538.9 million. SS&C also successfully repurchased shares and paid down significant debt, improving financial leverage. For Q4 2021, SS&C forecasts adjusted revenue between $1,225 million and $1,275 million.

SS&C Technologies (Nasdaq: SSNC) announced an extension of its partnership with the Australian Catholic Superannuation and Retirement Fund (ACSRF). The agreement includes the implementation of a new mobile app designed to enhance member accessibility. SS&C Bluedoor's digital solutions leverage mobile technology to provide real-time information for super and pension members. ACSRF manages over $9 billion for 88,000 members, catering to the Catholic education and healthcare sectors.

SS&C Technologies (Nasdaq: SSNC) has announced an expansion of its partnership with Gordian Capital, a prominent fund management platform in Asia managing USD 7 billion in assets under management (AUM). This extension, effective in Singapore and Japan, will see Gordian Capital integrate the Eze Investment Suite to enhance its trading, portfolio, and risk management capabilities. Gordian Capital aims to provide regulatory-compliant infrastructure for fund managers, leveraging SS&C's advanced technology to meet evolving investor demands.

SS&C Technologies (Nasdaq: SSNC) has introduced a new workforce optimization solution in collaboration with ActiveOps. This product aims to enhance productivity and support employee well-being in remote and hybrid work settings. By integrating data analytics and management tools, companies can uncover inefficiencies and improve operational performance. General Managers from both companies emphasize the importance of intelligent tools to adapt to the evolving work environment, making it crucial for businesses to leverage these insights for better decision-making.

SS&C Technologies announced that the SS&C GlobeOp Forward Redemption Indicator for October 2021 reached an all-time low of 1.56%, a decrease from 2.45% in September. This marks the lowest monthly redemption level since the Indicator's inception in 2008 and represents a significant year-over-year improvement from 2.84% recorded in October 2020. The company sees this as a positive trend for hedge fund asset growth, continuing a series of 16 months of year-over-year reductions. The next report will be published on November 16, 2021.