SS&C Grows Stock Repurchase Program 50% to $1.5 Billion, Announces Q2 2025 Dividend of $0.25 per share
Under the renewed program, the Company’s proposed repurchases may be made from time to time in one or more transactions on the open market or in privately negotiated purchase and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations promulgated under Securities Exchange Act of 1934, as amended.
The timing and amount of any shares repurchased will be determined by the Company's management based on its evaluation of market conditions and other factors. Repurchases may also be made under a Rule 10b5-1 plan, which would permit shares to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. The repurchase program may be suspended or discontinued at any time. Any repurchased shares will be available for use in connection with the SS&C's stock plans and for other corporate purposes. The Company's authority to repurchase shares under the renewed program shall continue until the one year anniversary of the Board's authorization, unless earlier terminated by the Board.
“SS&C has a strong business model, and we believe the current share price undervalues SS&C’s financial strength and future prospects,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Capital allocation to maximize shareholder value remains our priority. We will use the cash flow to opportunistically repurchase stock and pay down debt, while maintaining the flexibility to pursue high-quality acquisitions.”
The Board of Directors also approved a quarterly dividend payout of
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in
Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com. Follow SS&C on Twitter, Linkedin and Facebook.
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For more information
Brian Schell | Chief Financial Officer, SS&C Technologies
Tel: +1-816-642-0915 | E-mail: InvestorRelations@sscinc.com
Justine Stone | Investor Relations, SS&C Technologies
Tel: +1-212-367-4705 | E-mail: InvestorRelations@sscinc.com
Media Contacts
Sam Gentile
Tel : +1-646-818-9195
Email : pro-SSC@prosek.com
Source: SS&C