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.
Summary not available.
SS&C Technologies Holdings (NASDAQ: SSNC) reported robust financial results for Q4 and FY 2021, with revenues reaching $1,294.2 million and $5,051.0 million, marking increases of 7.5% and 8.2%, respectively. Operating income rose by 19.2% to $320.2 million for Q4, while diluted EPS saw a remarkable 27.0% jump to $0.94.
The company generated $1,429.0 million in operating cash flow and reduced debt by $519.9 million. Looking ahead, Q1 2022 guidance suggests adjusted revenue between $1,258 million and $1,298 million, bolstering confidence in future growth.
Summary not available.
Summary not available.
Summary not available.
SS&C Technologies Holdings (NASDAQ: SSNC) has been chosen by ProFunds to provide 18f-4 risk analytics for the new Bitcoin Strategy ProFund (BRCFX), the first publicly available U.S. mutual fund linked to bitcoin performance. The collaboration allows ProFunds to meet SEC compliance requirements for derivatives. SS&C's Algorithmics Managed Data and Analytics Service will support advanced risk analytics across various asset classes, including cryptocurrency. With over $60 billion in assets managed, ProFunds aims to enhance investor opportunities in the crypto market.
On February 1, 2022, SS&C Technologies (Nasdaq: SSNC) announced the renewal and expansion of its transfer agency contract with RBS Collective Investment Funds Limited, a subsidiary of NatWest. This agreement involves the migration of over 800,000 investor portfolios, including more than 700,000 child trust funds. The expansion will introduce new digital services, including mobile applications and a Digital Investor portal, aimed at modernizing operations and enhancing client engagement. This collaboration signifies SS&C's commitment to provide innovative solutions for its clients.
SS&C Technologies (Nasdaq: SSNC) has launched its Treasury Management Platform, now operational for Emso Asset Management, which manages $6.8 billion in assets. This platform enhances treasury workflows, facilitating real-time cash management and cash flow forecasting across 36 funds. Emso's Treasury Manager, Gareth Jamieson, highlighted the platform's data analysis capabilities, boosting confidence in liquidity. SS&C's Head of Middle Office Solutions, Jon Anderson, emphasized the platform's efficiency and scalability to empower clients in managing portfolios.
SS&C Technologies Holdings reported that its GlobeOp Forward Redemption Indicator for January 2022 decreased to 1.52%, down from 2.54% in December 2021. This marks the lowest monthly redemption level since the Indicator's inception in 2008 and represents a year-over-year decrease from 1.78% in January 2021. The reduction reflects growing investor confidence amid the Omicron variant's rise. The Forward Redemption Indicator is crucial for understanding hedge fund investor sentiment, as it tracks redemption notices against assets under administration.
SS&C Technologies Holdings will announce its fourth quarter and full year 2021 financial results on February 10, 2022, after market close. The upcoming earnings call is scheduled for the same day at 5:00 p.m. ET. Investors can access the press release via SS&C's website or PR Newswire. The audio replay of the call will be available starting 8:00 p.m. on February 10 until midnight on February 21, 2022.
SS&C, a leader in financial services and healthcare software, supports around 18,000 organizations globally.