By Robb M. Stewart
SS&C Technologies is launched a $1.5 billion share buyback program.
The provider of services and software for the financial services and healthcare industries said Thursday its board authorized the renewal of a program to make share repurchases from time to time, either on the open market or via other means, depending on market conditions.
Chairman and Chief Executive Bill Stone said SS&C's current share price undervalues the company's financial strength and future prospects, given a strong business model and pipelines of opportunities, with artificial intelligence as a structural tailwind.
SS&C's shares were trading down 0.3% at $67 in early trading. The stock had been down 23% year-to-date.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
May 21, 2026 09:36 ET (13:36 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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