SS&C Technologies Holdings Inc
SSNC: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $45.00 | Tpgzd | Cjfrfczjb |
SS&C Earnings: Steady Results and Revenue Outlook Modestly Ahead of Expectations
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SS&C reported a solid finish to 2023 and a decent revenue outlook for 2024. Revenue of $1.41 billion was in line with the FactSet consensus estimate, while adjusted EBITDA of $563 million and adjusted EPS of $1.26 beat by 2%. Revenue retention continues to be steady. Overall, there was little in the firm’s financial results that would alter our long-term view of the firm. We will maintain our narrow moat rating and $81 fair value estimate and regard shares as undervalued.