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.
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SS&C Technologies (Nasdaq: SSNC) has announced a quarterly dividend increase to $0.16 per share from $0.14 per share, payable on March 15, 2021, to stockholders of record by the close of business on March 1, 2021. This increase highlights the company's commitment to shareholder returns, especially after generating over $1.1 billion in operating cash flow in 2020, despite challenging market conditions. SS&C continues to prioritize a prudent cash flow strategy in 2021.
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.
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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.