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.
RiverNorth Opportunities Fund (RIV) announced that shareholders voted against converting the fund from a closed-end to an open-end investment structure during the meeting on August 20, 2021. CEO Patrick Galley expressed satisfaction with the outcome, suggesting that the closed-end structure is more beneficial for generating long-term risk-adjusted returns. The Fund will continue to operate under its current closed-end format, which does not allow continuous share issuance. ALPS Advisors serves as the investment adviser, while RiverNorth Capital Management acts as the sub-adviser.
SS&C Technologies (Nasdaq: SSNC) announced that KIM Vietnam Fund Management has chosen Eze OMS to enhance its operations. KIM Vietnam, which manages eight investment funds with approximately 2 billion USD in assets, seeks to optimize its workflow across diverse asset classes. The Eze OMS platform offers advanced modeling, compliance, and real-time data management. This collaboration aligns with SS&C's strategy of supporting investment managers in Asia, further solidifying its market presence.
SS&C Technologies Holdings has surpassed 100 clients using its Precision LM™ software for lending operations, adding 20 new clients in the past year. This growth aligns with increased private credit lending activities among banks and non-bank lenders. The software enhances efficiency by addressing challenges like document standardization and regulatory requirements. Recent enhancements include a mobile-friendly platform, multi-currency functionality, and AI-driven management features. The company aims to expand its capabilities to meet evolving market demands.
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.
Summary not available.
Summary not available.
Summary not available.
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.