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SS&C Technologies Holdings Inc SSNC

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Stock XNAS Rating as of
$61.24 −0.07 (0.11%)
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As of Delayed Price Post-Trading: $61.24 0.00
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Company Report

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SS&C Earnings: Mostly Steady in First Quarter

Rajiv Bhatia

SS&C Technologies is off to a steady start in 2024. Organic revenues grew 4.7% in the first quarter of 2024, which compares with 4.5% in the fourth quarter and the firm's outlook of 2%-5%. In addition, revenue retention continues to hold steady in the 96%-97% range. SS&C's full-year 2024 revenue outlook was essentially unchanged at the midpoint, and the firm raised its adjusted EPS outlook by 1% at the midpoint. Overall, there was little in the firm's financial results that would alter our long-term view of the firm, and we will maintain our narrow moat rating and $82 fair value estimate. We regard shares as undervalued.

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Price vs Fair Value

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SSNC is trading at a 26% discount.
Price
$60.98
Fair Value
$99.00
Uncertainty
Medium
1-Star Price
$647.10
5-Star Price
$89.20
Economic Moat
Wdrfrx
Capital Allocation
Qwcfywmfc

Bulls Say, Bears Say

Bulls

Shares of SS&C trade well below the market overall and are cheap.

Bears

SS&C’s acquisition strategy relies on a favorable financing environment and reasonable prices for acquisition targets. Elevated multiples for potential targets makes it harder for SS&C to find attractive acquisition opportunities.

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News

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Trading Information

Previous Close Price
$61.31
Day Range
$61.22–63.17
52-Week Range
$46.61–65.86
Bid/Ask
$61.22 / $61.27
Market Cap
$15.14 Bil
Volume/Avg
1.6 Mil / 1.0 Mil

Key Statistics

Price/Earnings (Normalized)
13.27
Price/Sales
2.79
Dividend Yield (Trailing)
1.49%
Dividend Yield (Forward)
1.56%
Total Yield
4.08%

Company Profile

SS&C Technologies provides software products and software-enabled services to a variety of customers primarily in financial services but also healthcare firms. SS&C GlobeOp provides fund administration services to alternative and traditional asset managers. In addition, SS&C provides portfolio accounting, portfolio management, trading, banking/lending, and other software to asset managers, banks, and financial advisors. SS&C’s purchase of Intralinks makes it a leading player in Virtual Data Room solutions. With its 2018 purchase of DST Systems, SS&C gained a foothold in the healthcare industry with pharmacy health management solutions and medical claim administration services. In 2022, SS&C completed the acquisition of Blue Prism.
Sector
Technology
Industry
Software - Application
Stock Style Box
Mid Value
Total Number of Employees
26,600
Website
https://www.ssctech.com

Competitors

Valuation

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Metric
SSNC
BK
STT
Price/Earnings (Normalized)
 13.2711.309.70
Price/Book Value
 2.351.181.02
Price/Sales
 2.792.551.96
Price/Cash Flow
 11.699.407.49
Price/Earnings
SSNC
BK
STT

Financial Strength

Metric
SSNC
BK
STT
Quick Ratio
 1.03——
Current Ratio
 1.07——
Interest Coverage
 2.79——
Quick Ratio
SSNC
BK
STT

Profitability

Metric
SSNC
BK
STT
Return on Assets (Normalized)
 7.08%0.75%0.85%
Return on Equity (Normalized)
 19.03%8.57%11.19%
Return on Invested Capital (Normalized)
 11.27%——
Return on Assets
SSNC
BK
STT
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