SS&C Technologies Holdings Inc

SSNC: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$69.00	Kgqsw	Nffszzlq

SEI Continues to Chug Along in the Third Quarter

Rajiv Bhatia

Oct 20, 2021

In our view, SEI Investments' third-quarter results were generally good but not without some headwinds. Revenue came in at $485.3 million, up 14% on the back of market appreciation and was modestly ahead of the FactSet consensus of $482.3 million. Likewise, earnings per share of $0.97 was $0.02 above the consensus estimate. Overall, we will maintain our fair value estimate of $71 and narrow moat rating.

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