Ss&C Technologies Stock Price, News & Analysis

The Principal Real Estate Income Fund has announced the renewal of its share repurchase program, allowing the Fund to purchase up to 2.1% of its outstanding common shares from January 21, 2025, to January 21, 2026. The program, implemented under ALPS Advisors' direction, aims to enhance shareholder value and potentially reduce the discount between market price and net asset value (NAV). The Board believes this initiative will benefit remaining shareholders by increasing NAV through discounted share acquisitions while potentially improving share trading liquidity.

The program will be executed on a discretionary basis, with no guarantee of specific discount levels, purchase amounts, or market price increases. The Fund emphasizes this is designed as a long-term investment vehicle, subject to various risks including those related to commercial real estate assets and below-investment grade investments.

SS&C GlobeOp has reported strong hedge fund performance and capital movement figures for November-December 2024. The Hedge Fund Performance Index showed a gross return of 2.32% for November, while the Capital Movement Index advanced 0.27% in December.

The year 2024 demonstrated the strongest net capital flows since 2021, with December net flows at 0.27% compared to -0.47% in the previous year. The cumulative Capital Movement Index stands at 125.42 points, though it has declined 1.75 points over the past 12 months.

Year-to-date performance reached 8.89%, with a last 12-month return of 11.13%. The Performance Index maintains a relatively low correlation (25-30%) with popular equity market indices, offering investors risk-adjusted returns with low correlations to complement traditional investments.

First Merchants Private Wealth Advisors, managing over $4B in assets and advising on over $8B, has implemented SS&C Trust Suite to support its private banking and trust businesses. The decision came after a six-month RFP process, driven by the platform's high integration capabilities.

The implementation includes the Black Diamond® Wealth Platform for data aggregation and performance reporting, InnoTrust accounting solution, and Salentica Elements CRM. The cloud-based solution aims to provide scalability and enhanced performance as First Merchants expands its presence across Indiana, Ohio, and Southeast Michigan.

SS&C Technologies Holdings (SSNC) has announced an initial agreement with Insignia Financial to provide superannuation member administration services. Upon finalizing a binding agreement, over 1,000 Insignia employees across seven Australian offices will transfer to SS&C. The team will utilize SS&C's technology to automate and streamline operations while serving Insignia's 1.1 million superannuation fund members.

The collaboration aims to enhance member experience through modern technology while offering cost efficiencies. This partnership positions SS&C to become a leading superannuation administration provider in Australia, with Insignia becoming their largest Australian client.

SS&C Technologies Holdings (Nasdaq: SSNC) announced its participation in Abu Dhabi Finance Week, scheduled for December 9-12 on Al Maryah Island. Bill Stone, Chairman and CEO, will participate in the "Inside the Hedge Fund Industry" panel alongside Aron Landy of Brevan Howard and Leda Braga of Systematica Investments on December 10 at 10:40 a.m.

The event is expected to attract over 18,000 finance professionals from more than 100 countries. CNBC anchor Dan Murphy will moderate the panel discussion. The organizers will make a recording of the panel available after the event.

SS&C Technologies Holdings (Nasdaq: SSNC) announced its participation in two major investor conferences. Bill Stone, CFO, will present at the UBS Global Technology and AI Conference in Scottsdale, Arizona on December 5th, 2024 at 12:15 PM MT. Additionally, Brian Schell, CFO, will present at The Nasdaq 51st Investor Conference in London on December 10th at 3:00 PM GMT. Both presentations will be accessible via webcast on SS&C's investor relations website.

SS&C Technologies Holdings (Nasdaq: SSNC) has issued a correction regarding upcoming investor conference presentations. Bill Stone, Chairman and Chief Executive Officer (previously incorrectly listed as CFO), will present at the UBS Global Technology and AI Conference in Scottsdale, Arizona on December 5th, 2024 at 12:15 PM MT. Additionally, Brian Schell, Chief Financial Officer, will present at The Nasdaq 51st Investor Conference in London on December 10th at 3:00 PM GMT. Both presentations will be available via webcast on SS&C's investor relations website.

SS&C Blue Prism has been recognized as a Leader in the Everest Group Process Orchestration Products PEAK Matrix® Assessment 2024 for the second consecutive year. The recognition highlights the company's product capabilities, unified platform approach, investments in product innovation and generative AI, and strong partnership ecosystem. The assessment evaluated 24 technology providers across multiple dimensions, including hybrid workforce management capabilities, vision and strategy, implementation and support, and client base diversity.

SS&C Technologies Holdings (Nasdaq: SSNC) announced that TIFF Investment Management has expanded its partnership to include Form PF reporting services for over 40 private funds. This expansion addresses new SEC reporting requirements, making compliance more complex. TIFF, which already uses SS&C for tax services and manager research management, will benefit from SS&C's comprehensive Form PF solution that includes data mapping, aggregation, validated regulatory book of records, report production, and direct SEC filing capabilities.