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 has launched TimeShareWare Arrive, a contactless guest communication solution aimed at enhancing the vacation experience while ensuring safety amid COVID-19. This new technology allows guests to check-in and communicate with resort staff via their mobile devices, computers, or kiosks. Integrated with TimeShareWare software, it streamlines operations for shared-ownership properties and enhances guest privacy. Available in the U.S., Mexico, and the Caribbean, this innovation highlights SS&C's commitment to adapting to industry demands.
SS&C Technologies announced that Bardin Hill Investment Partners has chosen Eze OMS to enhance its fixed income strategies, replacing its previous provider. With over $8.5 billion in assets under management, Bardin Hill aims to consolidate operations on a single platform, leveraging Eze OMS's extensive capabilities across various investment types. This partnership enhances trading workflows and overall efficiency, especially during the pandemic, reflecting SS&C's business continuity. Bardin Hill's operations will also benefit from streamlined data integration with SS&C Geneva.
On September 2, 2020, SS&C Technologies Holdings (Nasdaq: SSNC) announced that Implemented Portfolios has selected its Global Wealth Platform (GWP) for investment administration and reporting for individually managed accounts (IMAs). Implemented Portfolios extended its GWP license, emphasizing SS&C's expertise in the Australian market. Both companies aim to enhance technology for IMAs, signaling a commitment to innovation. GWP is tailored to address IMA complexities without extensive customization, enhancing Implemented Portfolios' service capabilities.
SS&C Technologies Holdings has appointed Frank Egan as Managing Director of Mergers & Acquisitions. With over 35 years in investment banking and venture capital, Frank brings extensive experience, having previously been Managing Partner at Lake Bridge Capital Ventures and served at notable firms like Northwater Capital. CEO Bill Stone expressed enthusiasm for Frank's appointment, citing his deep understanding of the technology space. SS&C, a provider of services and software in financial services and healthcare sectors, operates globally, serving around 18,000 organizations.
SS&C Technologies has launched its Global Investor and Distribution Solutions (GIDS), aimed at enhancing global transfer agency and investor servicing. GIDS is built on a unified global servicing platform that offers clients data-driven insights, intelligent automation, and advanced digital tools. Nick Wright has been appointed as Head of GIDS, tasked with overseeing strategy and client delivery. This initiative positions SS&C as the largest global transfer agency provider, servicing over 55 million investors across multiple countries, including the U.S. and Europe.
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The SS&C GlobeOp Forward Redemption Indicator for August 2020 is reported at 3.08%, up from 2.64% in July. This figure shows a decrease in redemption notices compared to 3.41% in August 2019, indicating strong investor confidence in the hedge fund sector post-COVID. The forward redemptions as a percentage of assets under administration have significantly declined from a high of 19.27% in November 2008. The next indicator release is scheduled for September 22, 2020.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced a quarterly dividend increase from $0.125 to $0.14 per share, payable on September 15, 2020, to shareholders of record by September 1, 2020. The company expects to generate over $1 billion in operating cash flow for 2020, reflecting a 30% compound annual growth rate over the past decade. CEO Bill Stone emphasized effective capital allocation, focusing on shareholder returns through increased dividends, stock buybacks, and debt repayment.
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On August 11, 2020, SS&C Technologies (Nasdaq: SSNC) announced that its CEO Bill Stone will present at the Oppenheimer 23rd Annual Technology, Internet & Communications Conference on August 12, 2020, at 9:40 am ET. A webcast of the presentation will be available on the investor relations website.
SS&C, founded in 1986 and headquartered in Windsor, Connecticut, provides software and services for the financial services and healthcare sectors, serving around 18,000 organizations globally.