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 (Nasdaq: SSNC) announced that KIM Vietnam Fund Management has chosen Eze OMS to enhance its operations. KIM Vietnam, which manages eight investment funds with approximately 2 billion USD in assets, seeks to optimize its workflow across diverse asset classes. The Eze OMS platform offers advanced modeling, compliance, and real-time data management. This collaboration aligns with SS&C's strategy of supporting investment managers in Asia, further solidifying its market presence.
SS&C Technologies Holdings has surpassed 100 clients using its Precision LM™ software for lending operations, adding 20 new clients in the past year. This growth aligns with increased private credit lending activities among banks and non-bank lenders. The software enhances efficiency by addressing challenges like document standardization and regulatory requirements. Recent enhancements include a mobile-friendly platform, multi-currency functionality, and AI-driven management features. The company aims to expand its capabilities to meet evolving market demands.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) reported its GlobeOp Forward Redemption Indicator for August 2021 at 2.24%, an increase from 1.81% in July. This is a significant improvement compared to 3.08% a year prior and marks the 14th consecutive month of lower year-over-year redemptions, the lowest August level since the indicator began in 2008. The data reflects investor confidence and continued growth in hedge fund assets, following a sustained upward trend since the COVID-19 market impacts.
SS&C Technologies Holdings (Nasdaq: SSNC) announced a quarterly dividend of $0.16 per share, aligning with its dividend policy. The dividend is due on September 15, 2021, for stockholders recorded by September 1, 2021. SS&C, headquartered in Windsor, Connecticut, serves around 18,000 organizations in the financial services and healthcare sectors worldwide.
SS&C Technologies (Nasdaq: SSNC) announced the extension of its partnership with Ninety One, a global investment manager, on August 2, 2021. Ninety One has retained SS&C's Global Investor and Distribution Solutions (GIDS) to provide transfer agency services for its U.K. business. This collaboration aims to enhance digital investor engagement and analytics capabilities for the Ninety One Fund Managers U.K. Limited. Both companies expressed satisfaction with the ongoing partnership focused on growth and improved service delivery.
SS&C Technologies Holdings, Inc. (SSNC) reported strong financial results for Q2 2021, achieving a 10.6% increase in revenue to $1,259.0 million and a 29.7% rise in operating income of $312.9 million compared to Q2 2020. Adjusted diluted earnings per share increased by 10.9% to $0.71. The company announced a $1 billion stock repurchase program and generated $562.3 million in cash from operating activities for the first half of 2021. Guidance for Q3 2021 forecasts adjusted revenue of $1,205.0 to $1,245.0 million.
SS&C Technologies Holdings reported a rise in its GlobeOp Forward Redemption Indicator for June 2021, at 2.68%, up from 2.46% in May. For July, the indicator is at 1.81%, the lowest July figure since 2008 and down from 2.64% in the same month last year. This decline indicates strengthened confidence among hedge fund investors, as evidenced by significantly lower redemptions since a peak of 19.27% in November 2008. The next report is scheduled for August 20, 2021.
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