William C. Stone, Chairman and CEO of SS&C Technologies Holdings Inc. (NASDAQ:SSNC), executed significant stock transactions on December 10th. Stone sold 132,700 shares of common stock at an average price of $76.8474, totaling approximately $10.2 million. This sale was part of a series of transactions, including the exercise of stock options at $28.265 per share, resulting in the acquisition of the same number of shares. Following these transactions, Stone's direct ownership stands at 31,837,926 shares. The $19.14B market cap company has demonstrated strong shareholder value, maintaining dividend payments for 11 consecutive years with consistent growth. InvestingPro subscribers can access detailed analysis and 12 additional key insights about SS&C's financial performance and valuation metrics.
In other recent news, Western Union (NYSE:WU) Co. reported a third-quarter revenue of $1.040 billion, indicating a 1% adjusted revenue growth. The company's digital transactions rose by 15% and the Consumer Money Transfer segment saw a 4% increase in transactions. Western Union is expanding its digital footprint through strategic acquisitions in Singapore and Mexico. The company's Evolve 2025 strategy targets a 0% to 2% revenue growth by 2025. For 2024, Western Union reaffirms its adjusted revenue outlook of $4.15 billion to $4.225 billion and adjusted EPS of $1.70 to $1.80.
SS&C Technologies reported a record adjusted revenue of $1,466.8 million in Q3 2024, a 7.3% increase year-over-year. Adjusted diluted EPS rose by 10.3% to $1.29. The company's operating cash flow surged by 39% to $336.6 million. SS&C projects a 4% to 8% organic growth outlook for 2025, with a focus on sales force and product development.
RBC Capital Markets highlighted that the Payments, Bank/Wealth Tech and IT Services sectors saw increases in November, outpacing the S&P 500. The firm identified Fiserv (NYSE:FI), SS&C Technologies, FIS, PayPal (NASDAQ:PYPL), and Block as its top five investment ideas for fiscal year 2025. These recent developments underscore the companies' commitment to growth and digital expansion.
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