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) is a global provider of services and software for the financial services and healthcare industries. Founded in 1986 and headquartered in Windsor, Connecticut, the company is frequently in the news for developments across fund administration, wealth management technology, corporate actions and capital markets activity.
This SSNC news page highlights press releases and third-party coverage related to SS&C’s business. Readers can follow announcements about earnings release schedules, quarterly and full-year results, and dividend declarations on the company’s common stock. SS&C regularly files Form 8-K reports to furnish earnings information and to disclose material events such as acquisitions and financing arrangements.
News items also cover SS&C’s role in fund administration and indices through SS&C GlobeOp, including monthly publications of the SS&C GlobeOp Forward Redemption Indicator and related hedge fund indices. These updates provide insight into redemption activity, capital movements and performance trends for hedge funds administered on the SS&C GlobeOp platform.
In addition, SS&C issues news on strategic initiatives such as the expansion of its European wealth management capabilities via MiFID authorization in Ireland, technology enhancements like integrations within SS&C Black Diamond Wealth Solutions, and client wins where fund managers select SS&C for administration and operational support. Subsidiary activity, including SS&C ALPS Advisors’ involvement with closed-end funds and exchange-traded funds, also appears in related releases.
Investors, analysts and industry participants can use this page to monitor ongoing corporate developments, product and platform updates, index publications and other events that may influence their view of SS&C’s operations and strategic direction.
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.
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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.
SS&C Technologies (Nasdaq: SSNC) announced a joint venture named DomaniRx to develop a cloud-native, API-driven claims adjudication platform. This initiative aims to enhance Pharmacy Benefit Management (PBM) by improving the user experience for both payers and providers. The platform promises affordable and transparent solutions utilizing open-source technology and advanced analytics. Humana will be the first customer, indicating strong industry interest. The collaboration underscores SS&C's commitment to innovation and leveraging its technology capabilities in the healthcare sector.
SS&C Technologies announced the launch of its ALPS | Hillman Active Value ETF (HVAL), an actively managed large-cap value ETF. This fund aims to deliver long-term returns through a strategy focused on identifying undervalued businesses with sustainable competitive advantages. The investment process includes rigorous fundamental analysis and daily disclosure of holdings. The ETF is designed to be tax-efficient and low-cost, making it accessible for a wider range of investors. The firm has $18.5 billion under management as of June 30, 2021.
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