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WINDSOR, Conn. - SS&C Technologies Holdings, Inc. (NASDAQ:SSNC), a provider of software and services for the financial services and healthcare industries, has announced an expansion of its stock repurchase program. The company’s Board of Directors has authorized a 50% increase in the stock buyback program, now allowing for the repurchase of up to $1.5 billion of its outstanding common stock.
The repurchase initiative is part of SS&C’s broader strategy to enhance stockholder value and reflects the company’s confidence in its financial stability and growth prospects. The buybacks will be conducted on the open market or through privately negotiated transactions, subject to market conditions and in compliance with the Securities Exchange Act of 1934.
Management will determine the timing and volume of the buybacks based on market evaluations and other relevant factors. The company may also utilize a Rule 10b5-1 plan, enabling continued repurchases during periods when it might otherwise be restricted due to insider trading laws. While the program can be suspended or stopped at any time, it is set to continue until the one-year anniversary of the Board’s authorization, unless terminated earlier by the Board.
Bill Stone, Chairman and Chief Executive Officer of SS&C Technologies, stated, "SS&C has a strong business model, and we believe the current share price undervalues SS&C’s financial strength and future prospects." He emphasized the company’s commitment to capital allocation for maximizing shareholder value, including using cash flow for stock repurchases, debt reduction, and strategic acquisitions.
In addition to the expanded buyback program, the Board of Directors has approved a quarterly dividend of $0.25 per share, in line with its established policy. The company has maintained dividend payments for 12 consecutive years, with 8 years of consecutive dividend growth, demonstrating its commitment to shareholder returns. The dividend will be paid on June 16, 2025, to shareholders on record as of June 2, 2025.
This announcement is based on a press release statement from SS&C Technologies, which has been serving more than 22,000 clients worldwide since its founding in 1986. The company continues to focus on leveraging its expertise and technology to meet the needs of the financial services and healthcare sectors.
In other recent news, SS&C Technologies Holdings, Inc. reported its financial results for the first quarter of 2025, surpassing earnings per share expectations with a figure of $1.44, although its revenue slightly missed forecasts at $1.51 billion. The company’s management revised their 2025 adjusted net income and adjusted EPS guidance upwards by approximately 0.7%, signaling confidence in future performance. Despite these positive adjustments, DA Davidson reduced the company’s price target from $100 to $94, maintaining a Buy rating, while Needham also lowered their target to $90 from $105, citing tempered guidance due to economic uncertainties. JPMorgan, however, downgraded SS&C’s stock from Overweight to Neutral, lowering the price target to $86, reflecting concerns over organic growth potential amidst competitive pressures. The company announced a $200 million share repurchase authorization but indicated a shift towards mergers and acquisitions for fiscal year 2026, sparking debate among analysts about the strategic focus. SS&C’s GlobeOp segment showed a notable 10.3% growth, contributing significantly to the company’s overall 5.1% organic growth. Despite the challenges, analysts from Needham remain optimistic about a potential positive re-rating of SS&C’s stock in the latter half of the year.
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