Ss&C Technologies Holdings (SSNC)
NASDAQ:SSNC
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SS&C Technologies Holdings
(NASDAQ:SSNC)
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Rating:72Outperform
Price Target:
$78.00
▲(8.17% Upside)
Action:Reiterated
Date:04/24/26
The score is driven primarily by strong cash-flow quality and solid operating performance, reinforced by a positive earnings update with raised guidance and record profitability. These strengths are moderated by balance-sheet leverage risk and a mixed technical picture with the stock still below key longer-term moving averages.
Positive Factors
Recurring revenue & high switching costs
SS&C’s business mixes mission‑critical software, SaaS and multi‑year outsourced services that create recurring revenue and high client switching costs. This durable model underpins predictable cash flows, strong retention and long lead times for competitors to displace core workflows over months to years.
Negative Factors
Meaningful net leverage
Elevated net debt relative to EBITDA constrains strategic flexibility and raises refinancing and interest‑rate sensitivity risk. With material leverage, management faces tradeoffs between share repurchases, debt paydown and strategic investments, limiting downside protection if macro conditions weaken over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring revenue & high switching costs
SS&C’s business mixes mission‑critical software, SaaS and multi‑year outsourced services that create recurring revenue and high client switching costs. This durable model underpins predictable cash flows, strong retention and long lead times for competitors to displace core workflows over months to years.
Read all positive factors
SS&C Technologies Holdings Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlySS&C Technologies Holdings (SSNC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$16.18B
Dividend Yield1.17%
Average Volume (3M)2.62M
Price to Earnings (P/E)18.0
Beta (1Y)0.82
Revenue Growth7.46%
EPS Growth0.44%
CountryUS
Employees26,800
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)3.34
Shares Outstanding240,834,050
10 Day Avg. Volume2,510,783
30 Day Avg. Volume2,615,093
Financial Highlights & Ratios
PEG Ratio4.87
Price to Book (P/B)3.10
Price to Sales (P/S)3.40
P/FCF Ratio12.83
Enterprise Value/Market Cap1.45
Enterprise Value/Revenue3.65
Enterprise Value/Gross Profit7.61
Enterprise Value/Ebitda10.85
Forecast
1Y Price Target
$93.43Price Target Upside29.56% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)6.91
Revenue Forecast (FY)$6.76B
SS&C Technologies Holdings Business Overview & Revenue Model
Company Description
SS&C Technologies Holdings, Inc., together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting...
How the Company Makes Money
SS&C primarily makes money by selling mission-critical software and technology-enabled services that financial and healthcare organizations use to run day-to-day operations. Its revenue model is largely recurring and comes from several key streams...
SS&C Technologies Holdings Earnings Call Summary
Earnings Call Date:Apr 23, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Positive
The call presented a majority of positive operational and financial outcomes: record EBITDA and margin expansion, strong adjusted EPS growth, solid organic growth, robust cash generation, sizable AUA inflows, successful acquisitions, and active AI/automation initiatives. Headwinds include macro/geopolitical uncertainty, meaningful leverage (net debt $7.1B, net leverage ~2.76x), modest reported revenue growth (0.8% y/y) versus stronger organic growth, and some segment cadence risk. On balance, the positives (record profitability, raised guidance, strong cash returns and AI momentum) outweigh the negatives, though debt and external macro risk remain notable.Positive Updates
Record quarterly profitability and EBITDA
Adjusted consolidated EBITDA of $651 million, a 10% increase year-over-year, and a record Q1 adjusted consolidated EBITDA margin of 39.5% (40 bps expansion). Adjusted diluted EPS of $1.69, up 14.2% year-over-year.
Negative Updates
Macroeconomic and geopolitical headwinds
Management called out challenging macro conditions (war in Iran, tariffs, spiking oil prices, inflationary pressure) that may create hesitancy among clients and could temper upside.
Read all updates
Q1-2026 Updates
Positive
Negative
Record quarterly profitability and EBITDA
Adjusted consolidated EBITDA of $651 million, a 10% increase year-over-year, and a record Q1 adjusted consolidated EBITDA margin of 39.5% (40 bps expansion). Adjusted diluted EPS of $1.69, up 14.2% year-over-year.
Read all positive updates
Company Guidance
SS&C raised 2026 guidance, calling for Q2 revenue of $1.64–$1.68 billion (≈5.6% organic growth at the midpoint), Q2 adjusted net income of $408–$424 million, Q2 interest expense (ex-amortization/OID) of $102–$104 million, and Q2 adjusted diluted EPS of $1.64–$1.70; for full‑year 2026 management now expects revenue of $6.664–$6.824 billion (≈5.3% organic growth at the midpoint), adjusted net income of $1.665–$1.765 billion, and adjusted diluted EPS of $6.74–$7.06 (≈12% midpoint growth), while targeting a 50‑bp annual EBITDA expansion, a Q4 margin goal of 40%, an adjusted effective tax rate of ~22.5%, capital expenditures of 4.4–4.8% of revenue, an assumption that short‑term rates remain at current levels, and a stronger weighting toward share repurchases versus debt paydown.SS&C Technologies Holdings Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
62
Positive
Cash Flow
83
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.41B | 6.27B | 5.88B | 5.50B | 5.28B | 5.05B |
| Gross Profit | 3.08B | 3.02B | 2.86B | 2.65B | 2.52B | 2.41B |
| EBITDA | 2.16B | 2.10B | 2.04B | 2.00B | 1.86B | 1.91B |
| Net Income | 810.00M | 796.90M | 760.50M | 607.10M | 650.20M | 800.00M |
Balance Sheet | ||||||
| Total Assets | 20.33B | 20.71B | 19.04B | 18.10B | 16.65B | 17.33B |
| Cash, Cash Equivalents and Short-Term Investments | 420.90M | 3.57B | 3.37B | 432.20M | 440.10M | 564.00M |
| Total Debt | 7.63B | 7.65B | 7.18B | 6.92B | 7.32B | 6.22B |
| Total Liabilities | 13.43B | 13.77B | 12.44B | 11.70B | 10.55B | 11.11B |
| Stockholders Equity | 6.84B | 6.89B | 6.53B | 6.34B | 6.04B | 6.17B |
Cash Flow | ||||||
| Free Cash Flow | 1.71B | 1.66B | 1.33B | 963.60M | 926.00M | 1.29B |
| Operating Cash Flow | 1.78B | 1.74B | 1.39B | 1.22B | 1.13B | 1.43B |
| Investing Cash Flow | -1.32B | -1.33B | -855.70M | -268.40M | -1.76B | -148.20M |
| Financing Cash Flow | -1.92B | -221.70M | -152.30M | 712.80M | -1.18B | 556.70M |
SS&C Technologies Holdings Technical Analysis
Negative
72.11
Price Trends
69.08
Negative
74.38
Negative
80.04
Negative
Market Momentum
-1.03
Positive
46.03
Neutral
38.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SSNC, the sentiment is Negative. The current price of 72.11 is above the 20-day moving average (MA) of 67.93, above the 50-day MA of 69.08, and below the 200-day MA of 80.04, indicating a bearish trend. The MACD of -1.03 indicates Positive momentum. The RSI at 46.03 is Neutral, neither overbought nor oversold. The STOCH value of 38.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SSNC.
SS&C Technologies Holdings Risk Analysis
SS&C Technologies Holdings disclosed 9 risk factors in its most recent earnings report. SS&C Technologies Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
SS&C Technologies Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $13.38B | 45.05 | 8.71% | ― | 8.68% | 8.27% | |
74 Outperform | $6.57B | 9.97 | 31.03% | 0.94% | 9.37% | 23.47% | |
72 Outperform | $16.18B | 18.04 | 11.74% | 1.17% | 7.46% | 0.44% | |
72 Outperform | $11.84B | 49.66 | 12.92% | ― | 23.72% | ― | |
71 Outperform | $10.01B | 67.32 | 16.91% | ― | 15.55% | 6.91% | |
68 Neutral | $10.42B | 98.40 | 5.02% | ― | 21.05% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
SSNC
SS&C Technologies Holdings
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-13.32%
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21.02
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.