SS&C Technologies Holdings Inc

SSNC: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$65.00	Ffkgzl	Jgfcjnks

SS&C Sees Stagflation: Revenue Trajectory Slowing While Inflation, Wage Pressure Impacting Margins

Rajiv Bhatia

Jul 28, 2022

Narrow-moat SS&C reported second-quarter results showing broad-based revenue growth deceleration, particularly from its DST businesses, which it acquired in 2018. Second-quarter revenue of $1.33 billion and adjusted EPS of $1.10 fell below the FactSet consensus of $1.35 billion and $1.18, respectively. As we incorporate revenue and expense headwinds, we expect to lower our fair value estimate of $83 in a range of 5%-15%.

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