William C. Stone, Chairman and CEO of SS&C Technologies Holdings Inc. (NASDAQ:SSNC), has recently sold 247,300 shares of the company's common stock, totaling approximately $18.9 million. The shares were sold at a weighted average price of $76.61, with individual sale prices ranging from $76.50 to $76.80. Following this transaction, Stone's direct ownership stands at 31,837,926 shares.
In a related move, Stone exercised stock options to acquire 247,300 shares at a price of $28.27 per share, reflecting a total value of approximately $6.99 million. These transactions were reported in a Form 4 filing with the Securities and Exchange Commission, which was signed by Jason White, attorney-in-fact for Stone. According to InvestingPro, SS&C shows promising fundamentals with consistent dividend growth and strong financial health metrics. Subscribers can access detailed analysis and 10+ additional ProTips in the comprehensive Pro Research Report, available exclusively on the platform.
In other recent news, Western Union (NYSE:WU) Co. reported a solid third quarter in 2024, with revenue reaching $1.040 billion, marking a 1% adjusted revenue growth. The company's digital transactions saw a significant increase of 15%, and the Consumer Money Transfer segment also experienced a 4% rise in transactions. Amidst challenges in Latin America and a slowdown in U.S. to Mexico transactions, Western Union is enhancing its digital presence through strategic acquisitions in Singapore and Mexico.
Simultaneously, SS&C Technologies announced a strong financial performance in its third-quarter earnings call. The company reported a record adjusted revenue of $1,466.8 million, marking a 7.3% increase from the previous year, and a 10.3% rise in adjusted diluted earnings per share to $1.29. Organic revenue growth was 6.4%, primarily driven by the company's Alternatives, GIDS, WIT, and Intralinks segments.
RBC Capital Markets highlighted the performance of stocks within the Payments, Processors & IT Services sectors for November, noting a marked improvement compared to October. For fiscal year 2025, RBC Capital Markets has identified its top five investment ideas, including Fiserv (NYSE:FI), SS&C Technologies, FIS, PayPal (NASDAQ:PYPL), and Block. These are recent developments that highlight the commitment of both Western Union and SS&C Technologies to growth and digital expansion.
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