SSNC - A Noteworthy Decision By Jonathan E Michael As Acquires $254K In SS&C Techs Hldgs Stock Options | Benzinga
In a recent SEC filing, it was disclosed that Jonathan E Michael, Board Member at SS&C Techs Hldgs (NASDAQ:SSNC), made a noteworthy acquisition of company stock options on February 29,.
What Happened: Michael, Board Member at SS&C Techs Hldgs, engaged in a derivative transaction according to a Form 4 filing on Thursday with the U.S. Securities and Exchange Commission. This involved the acquisition of stock options for 6,000 shares of SSNC, providing the right to purchase the company's stock at an exercise price of $21.39 per share.
The Friday morning update indicates SS&C Techs Hldgs shares up by 0.11%, currently priced at $63.83. At this value, Michael's 6,000 shares are worth $254,669.
Discovering SS&C Techs Hldgs: A Closer Look
SS&C Technologies provides software products and software-enabled services to a variety of customers primarily in financial services but also healthcare firms. SS&C GlobeOp provides fund administration services to alternative and traditional asset managers. In addition, SS&C provides portfolio accounting, portfolio management, trading, banking/lending, and other software to asset managers, banks, and financial advisors. SS&C's purchase of Intralinks makes it a leading player in Virtual Data Room solutions. With its 2018 purchase of DST Systems, SS&C gained a foothold in the healthcare industry with pharmacy health management solutions and medical claim administration services.