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 reported a 2.46% Forward Redemption Indicator for May 2021, a decrease from 2.07% in April and significantly lower than 4.00% a year ago. This marks the 11th consecutive month of year-over-year reductions, indicating rising investor confidence and hedge fund asset growth. Notably, this is the lowest May redemption level since the indicator's inception in 2006. The next update is slated for June 21, 2021.
SS&C Technologies (Nasdaq: SSNC), a provider of software and services for financial services and healthcare, announced that Bill Stone, Chairman and CEO, will present at the J.P. Morgan 49th Annual TMC Conference on May 26, 2021, at 3:40 pm ET. The presentation aims to highlight the company's technological advancements and industry insights. A webcast will be available on their investor relations website.
Founded in 1986 and headquartered in Windsor, Connecticut, SS&C supports over 18,000 organizations globally.
SS&C Technologies Holdings (Nasdaq: SSNC) has declared a quarterly dividend of $0.16 per share. This payout aligns with the company's ongoing quarterly dividend policy. The dividend will be distributed on June 15, 2021, to shareholders recorded by the end of business on June 1, 2021. SS&C, headquartered in Windsor, Connecticut, serves over 18,000 clients globally, showcasing its critical role in providing services and software for the financial services and healthcare industries.
SS&C Technologies (Nasdaq: SSNC) has announced a five-year extension of its transfer agency services relationship with Davis Advisors, managing over $30 billion AUM. SS&C Global Investor and Distribution Solutions will continue to provide crucial BPO and transfer agency services, focusing on fraud prevention and improved digital communication strategies. Davis Advisors highlighted SS&C's innovative technology and commitment to operational excellence. This partnership is expected to enhance the service efficiency and technological capabilities for both firms.
SS&C Technologies (Nasdaq: SSNC) announced that Producer's National Corporation (PNC) has selected SS&C SmartSource to enhance its accounting and operations for alternative and fixed income investment portfolios. This platform will support PNC's three insurance companies: Unique Insurance, Viva Seguros, and Stonegate. SS&C SmartSource's AI-driven capabilities will allow PNC to diversify its asset classes while ensuring operational transparency and regulatory compliance, backed by SS&C's 35 years of insurance expertise.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has amended its agreement to acquire Mainstream Group Holdings Limited (ASX: MAI) for A$2.61 per share, reflecting an enterprise value of approximately A$384 million (US$296 million). The acquisition is subject to approval from Mainstream shareholders and regulatory bodies, with a target closure in Q3 2021. Mainstream provides investment administration and related services globally, managing 1,364 funds and over 176,000 investors, with A$272 billion in funds under administration.
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SS&C Technologies (Nasdaq: SSNC) has amended its acquisition proposal for Mainstream Group Holdings (ASX: MAI), offering A$2.56 per share, totaling an enterprise value of approximately A$376 million (US$290 million). The Mainstream board supports this revised offer pending the conclusion of an independent expert review. However, Mainstream has received a competing proposal of A$2.60 per share and is considering it as a superior offer. The acquisition is subject to customary approvals and is anticipated to close in Q3 2021.
SS&C Technologies (Nasdaq: SSNC) has announced an exclusive partnership with BRODA Ltd. to integrate BRODA's high dimensional Sobol sequence generators into its Algorithmics solutions. This collaboration aims to enhance risk performance for financial services firms by enabling faster and more accurate calculations. The Sobol sequence generators can significantly improve Monte Carlo simulations, meeting the rising demand for efficient data-driven analysis amidst regulatory pressures. The advanced generators are now capable of achieving faster convergence rates without compromising accuracy, benefiting industries like banking and insurance.
SS&C Technologies (Nasdaq: SSNC) announced the transition of Hillman Capital Management's Hillman Value Fund (HCMAX) to the SS&C ALPS Series Trust. The fund, valued at USD 176 million, will be administered by SS&C ALPS Registered Fund Services. CEO Mark Hillman noted that this partnership ensures a smooth transition and positions the fund for growth. SS&C ALPS's comprehensive operating model supports asset managers with services like compliance and fund administration, enhancing scalability and market speed.