SS&C Technologies Holdings Inc
SSNC: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $18.00 | Nkrcns | Jdcmgstxkd |
Organic Growth As Expected, Blue Prism and Higher Interest Rates Weigh on SS&C’s EPS
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SS&C reported first-quarter results mostly in line with consensus expectations. After accounting for the inclusion of Blue Prism, revenue of $1.30 billion and adjusted EPS of $1.25 were essentially in line with the FactSet consensus. SS&C kept its 2022 midpoint organic revenue guidance at 4%, but lowered its earnings per share outlook. As we take into account higher interest rates on its debt, we expect to lower our fair value estimate of $85 by a single-digit percentage.