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), a global leader in financial services and healthcare software solutions, provides this centralized hub for tracking corporate developments and strategic initiatives. Access official press releases, earnings announcements, and operational updates from the company powering fund administration, intelligent automation, and healthcare IT systems worldwide.
This resource delivers timely updates on mergers & acquisitions, product innovations, and regulatory compliance developments across SS&C's core markets. Investors and industry professionals will find essential information about SaaS platform enhancements, strategic partnerships, and financial performance metrics.
Key content categories include detailed coverage of quarterly earnings calls, technology patent filings, and global expansion initiatives. The curated news selection helps stakeholders monitor SS&C's progress in digital transformation for asset managers, insurers, and healthcare providers.
Bookmark this page for streamlined access to SS&C's latest operational milestones. Combine these updates with fundamental analysis tools available through Stock Titan to maintain a comprehensive market perspective.
SS&C Technologies (Nasdaq: SSNC) announced its participation in three upcoming virtual investor conferences. Rahul Kanwar, President and COO, will present at the Morgan Stanley Technology, Media & Telecom Conference on March 1, 2021, at 11:00 am ET. Bill Stone, CEO, will present at the Raymond James Conference on March 3, 2021, at 1:20 pm ET. Lastly, Patrick Pedonti, CFO, will speak at the Evercore ISI Payments & Fintech Forum on March 4, 2021, at 2:00 pm ET. Webcasts will be accessible on the company's investor relations site.
SS&C Technologies (Nasdaq: SSNC) has been chosen by SumRidge Partners to implement its Risk & Compliance Intelligence Platform (RCI) for managing compliance with FINRA and Reg NMS. RCI offers robust transaction and portfolio monitoring, integrating data across the organization for efficient compliance operations. SumRidge, a leading fixed income market maker, seeks to enhance its surveillance capabilities with RCI's automated features, leveraging its extensive compliance test libraries. This partnership underscores SS&C's commitment to delivering innovative compliance solutions in the financial services sector.
SS&C Technologies Holdings reported a Forward Redemption Indicator of 2.37% for February 2021, marking an increase from 1.78% in January. This represents a 16% reduction in redemption notices year-over-year and the lowest February level since 2006. Hedge fund asset retention has remained strong post-COVID-19, indicating investor confidence. The next publication is set for March 19, 2021. The company notes that the indicator reflects actual investor redemption notifications that typically come 30-90 days ahead of redemption dates.
SS&C Technologies (NASDAQ: SSNC) reported its financial results for Q4 and FY 2020. Revenue for Q4 was $1,203.4 million, virtually unchanged YoY, while FY 2020 revenue rose 0.8% to $4,667.9 million. Operating income increased 2.8% in Q4 and 7.8% for the full year. Diluted EPS grew by 37% in Q4 and 41.6% for FY 2020. The company generated $1,184.7 million in operating cash flow despite a decline compared to 2019. Guidance for Q1 2021 forecasts adjusted revenue between $1,158 million and $1,198 million, reflecting cautious optimism amid ongoing pandemic challenges.
SS&C Technologies (Nasdaq: SSNC) announced significant updates to its Eze Investment Suite, enhancing features to boost productivity and flexibility for clients. Key highlights include a new mobile app, improved trade synchronization, and enhanced fixed income analytics. The company reported a 40% increase in order flow driven by higher equities trading volumes. SS&C invested tens of millions in these enhancements and appointed James Griffin as head of global sales for Eze. The investment suite is recognized as a critical tool for firms like Donoghue Forlines, reflecting its importance in the investment management technology market.
On January 25, 2021, SS&C Technologies Holdings announced a significant decrease in its SS&C GlobeOp Forward Redemption Indicator, which fell to 1.78% for January 2021, down from 3.95% in December 2020 and 2.26% in January 2020. This marks the lowest January figure since the indicator's inception in 2008, indicating increased investor confidence in hedge funds. The trend of declining redemptions continues for the seventh consecutive month, reflecting overall stability in hedge fund asset retention since the COVID-19 pandemic.
SS&C Technologies Holdings (Nasdaq: SSNC) will release its financial results for Q4 and full year 2020 on February 10, 2021. The earnings announcement follows the close of market and will be discussed in a conference call at 5:00 p.m. ET. Investors can access the release via SS&C's website. For further engagement, an audio replay will be available post-call until February 17, 2021. The company supports over 18,000 organizations in financial services and healthcare sectors.
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