Ss&C Technologies Stock Price, News & Analysis

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) will announce its third quarter 2021 financial results on October 28, 2021, after market close. An earnings conference call will follow at 5:00 p.m. Eastern Time on the same day to discuss the results. Interested parties can access the press release through SS&C's website or via PR Newswire. The earnings call will be available for audio replay starting at 8:00 p.m. on October 28 until November 4, 2021. SS&C has a broad clientele in the financial services and healthcare sectors, providing software solutions and services.

SS&C Technologies Holdings (Nasdaq: SSNC) announced that Bradesco Securities, Brazil's brokerage arm, has chosen SS&C MarketTrader as its core order management system. MarketTrader will enhance Bradesco's multi-asset trading capabilities, facilitate compliance with CAT and MiFID II reporting, and ensure seamless broker access via SS&C FIXLink. Bradesco expressed satisfaction with the system's user-friendliness and the smooth migration process conducted by SS&C, which reinforces their partnership moving forward.

On October 4, 2021, SS&C Technologies (Nasdaq: SSNC) announced a strategic partnership with Mammoth Scientific, a venture capital firm, to administer its inaugural $100 million health science and technology fund. This collaboration aims to provide venture capital to companies moving beyond seed funding. Mammoth Scientific, seeking to democratize early-stage alternative investments, chose SS&C for its proven expertise in private markets and innovative solutions, including fund administration and technology support.

SS&C Technologies Holdings announced that 8.2% of global mergers and acquisitions (M&A) deals leaked before official announcements in 2020, down from 8.7% in 2019. The SS&C Intralinks 2020 M&A Leaks Report revealed that leaked deals were valued at $69 billion, a 50% decline from $139 billion in 2019. South Korea, India, and Hong Kong led in leaked deal activity. Leaked deals attracted more rival bids and completed faster than non-leaked deals. The report analyzed 14,288 M&A transactions conducted from January 1, 2009, to December 31, 2020.

RiverNorth Opportunities Fund (NYSE: RIV) announced a rights offering, allowing stockholders of record as of October 1, 2021, to purchase additional shares of common stock. Each stockholder will receive one transferable subscription right for each share held, enabling them to buy one new share for every three rights. The subscription price will be determined based on the higher of 97.5% of the net asset value or 95% of the market price upon expiration on November 5, 2021. Stockholders who fully exercise their rights will have the opportunity to purchase any unpurchased shares.

SS&C Technologies Holdings reported that its Forward Redemption Indicator for September 2021 stands at 2.45%, a rise from 2.24% in August. This marks a significant drop from 3.43% a year prior and represents the lowest September figure since the indicator's inception in 2008. CEO Bill Stone highlighted the fifteenth consecutive month of year-over-year decreases in redemption notices, reflecting improved investor confidence. The indicator is based on actual forward redemption notices from hedge funds administered by SS&C GlobeOp, offering insights into hedge fund liquidity.

SS&C Technologies announced enhancements to its Eze Investment Suite and Eze Eclipse platforms. Key updates include improved analytics for fixed income, automated trading features, and expanded ESG data integration. The company added 121 clients to the Eze Investment Suite in 2021, with a majority opting for cloud deployment, while Eze Eclipse has over 200 clients on its native cloud platform. These enhancements aim to support funds utilizing complex cross-asset strategies.