SS&C Technologies Holdings Inc

SSNC: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$74.00	Fsqzz	Npnbbgdqzz

SS&C Technologies’ Acquisition Strategy May Face Challenges, but Shares Not Expensive

Rajiv Bhatia

Nov 4, 2021

On the heels of strong third-quarter results and ahead of the firm’s analyst day, we are raising our fair value estimate for SS&C Technologies to $85 from $75, primarily as we tweak our longer-term revenue estimates higher. In addition, we modestly increased our adjusted EBITDA margin expectations. At its current share price of $78, we believe shares of narrow-moat-rated SS&C Technologies are modestly undervalued.

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