Ss&C Technologies Stock Price, News & Analysis

SS&C Technologies Holdings (Nasdaq: SSNC) has scheduled its fourth quarter and full year 2024 earnings release for February 6, 2025, after market close. The company will host an earnings conference call on the same day at 5:00 p.m. Eastern Time to discuss the results and provide guidance for 2025.

Interested parties can access the earnings call by dialing 888-210-4650 (US/Canada) or 646-960-0327 (International) using conference ID #4673675. A live webcast will be available in the Investor Relations section of SS&C's website, with a replay option after the call concludes.

Principal Real Estate Income Fund (PGZ) has declared monthly distributions of $0.105 per common share, with an annualized distribution rate of 11.03% based on the Fund's current net asset value share price of $11.42 as of December 27, 2024. The distributions will be payable on February 28, March 31, and April 30, 2025.

The Fund is designed as a long-term investment vehicle focusing on commercial real estate assets. It faces various risks including potential variations in net asset value, distribution rates, and exposure to below-investment grade investments. The Fund's distributions may come from multiple sources including net investment income, capital gains, and return of capital. As a closed-end fund, shares trade in the secondary market and frequently trade at a discount from their net asset value.

SS&C Technologies (Nasdaq: SSNC) has announced significant updates to its alternative investment management SaaS platforms for 2H2024. The release includes enhancements to Geneva, OEMS, and Eclipse platforms. Key improvements include new credit and derivatives functionality, a Loan Servicing Workspace, and an Investor Fee Builder in Geneva.

Eclipse updates feature expanded fixed income trading capabilities, enhanced asset class coverage, and improved trading workflows. The OEMS platform received upgrades in multi-asset and fixed-income support, automated trading, and modeling capabilities. Notable additions include enhanced trade matching, improved FX swaps support, and automated trading rules for fixed income orders.

SS&C Technologies Holdings (Nasdaq: SSNC) has announced the extension of its transfer agency relationship with Omnis Investments , one of the UK's largest asset managers with over GBP10 billion in assets under management. Omnis provides mutual funds across various asset classes and regions, primarily serving clients of The Openwork Partnership, a network of 4,200 financial advisers, and 2plan wealth management.

The partnership aims to enhance client experience and digital service offerings. Simon Harris, COO at Omnis, emphasized their commitment to maintaining high service standards, while Spencer Baum, Managing Director at SS&C GIDS, highlighted their focus on delivering exceptional omnichannel servicing and support.

SS&C GlobeOp reported a Forward Redemption Indicator of 3.54% for December 2024, up from 2.91% in November but below the 10-year average of 4.27%. The indicator reflects redemption notices from hedge fund investors on SS&C's platform.

The company's Hedge Fund Performance Index showed a flash estimate of 2.32% for the current month, with year-to-date returns at 8.89% and last 12-month performance at 11.13%. The Capital Movement Index reached a 12-month high of 125.42 in December 2024.

Despite strong equity market performance over the past two years, SS&C anticipates strong asset retention heading into 2025, citing potential economic headwinds creating opportunities for hedge fund returns.

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.