SS&C Technologies authorizes $1B stock repurchase program, citing undervaluation

SS&C Technologies Holdings Inc

Board authorized up to $1B in common stock repurchases; program runs for one year.
CEO Bill Stone: current share price undervalues SS&C's financial strength and future prospects.
Repurchases may be made on open market or via Rule 10b5-1 plans; can be suspended anytime.
Company will use free cash flow for opportunistic buybacks, debt paydown, and acquisitions.

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