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.
SS&C GlobeOp Forward Redemption Indicator for March 2022 reached 1.92%, an increase from 1.79% in February. This represents a significant decrease from the 2.49% reported in March 2021, marking the lowest March redemptions since the Indicator's launch in 2008. The improved redemption metrics suggest rising investor confidence amidst current market volatility influenced by inflation and Federal Reserve policies. The next publication is set for April 22, 2022.
On March 16, 2022, SS&C Technologies announced the completion of its acquisition of Blue Prism Group Plc for approximately $1.6 billion. This acquisition positions SS&C as a leader in robotics process automation (RPA) and enhances its offerings in financial services and healthcare. The new unit, SS&C Blue Prism, will report to Managing Director Mike Megaw. With over 2,000 clients globally, Blue Prism's integration is expected to enrich SS&C's capabilities and expand its market reach.
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SS&C Technologies (Nasdaq: SSNC) announced a long-term partnership with AMP, a major Australian wealth management company, to enhance the North investment platform. This collaboration aims to improve technology services, focusing on automation and efficiency for advisers and clients. The Bluedoor technology will provide real-time data and streamline operations, benefiting both AMP and SS&C. The partnership signifies a commitment to advancing investment management capabilities, reinforcing SS&C's position in the financial services sector.
On March 9, 2022, SS&C Technologies Holdings (Nasdaq: SSNC) launched GoCentral, a next-generation fund administration platform. This platform employs Artificial Intelligence and Business Process Re-engineering to enhance fund operations and improve exception management processes. The new solution provides seamless workflows, operational transparency, and comprehensive control, allowing clients to focus more on growth and less on operations. SS&C aims to modernize middle office operations and improve resilience for alternative asset managers.
SS&C Technologies (Nasdaq: SSNC) will present at the Raymond James Institutional Investors Conference on March 8, 2022, at 2:50 pm ET. The presentation will be led by Bill Stone, Chairman and CEO. SS&C Technologies is a global provider of software and software-enabled services for the financial services and healthcare industries, with 18,000 organizations relying on their expertise and technology. Webcasts and presentation materials will be accessible on their investor relations website.
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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