SS&C Technologies (SSNC, Financial) has unveiled a significant enhancement to its stock repurchase strategy, reflecting its ongoing commitment to boosting shareholder value. The company's Board of Directors has approved a substantial increase in its existing repurchase plan, now allowing for the buyback of up to $1.5 billion worth of its outstanding common stock. This move marks a 50% rise in authorized repurchases compared to the previous year. The initiative forms part of SS&C Technologies' broader long-term plan to optimize returns for its investors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for SS&C Technologies Holdings Inc (SSNC, Financial) is $93.54 with a high estimate of $105.00 and a low estimate of $75.00. The average target implies an upside of 18.56% from the current price of $78.90. More detailed estimate data can be found on the SS&C Technologies Holdings Inc (SSNC) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, SS&C Technologies Holdings Inc's (SSNC, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for SS&C Technologies Holdings Inc (SSNC, Financial) in one year is $71.84, suggesting a downside of 8.95% from the current price of $78.9. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the SS&C Technologies Holdings Inc (SSNC) Summary page.
