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SS&C Technologies Holdings
(NASDAQ:SSNC)
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Rating:72Outperform
Price Target:
$92.00
▲(24.53% Upside)
Action:Reiterated
Date:07/24/26
SSNC scores well on durable profitability and strong, improving free cash flow, reinforced by upbeat guidance and shareholder returns discussed on the earnings call. The score is held back by balance-sheet/leverage risk (and related refinancing/interest-rate sensitivity) plus mixed technicals that do not yet show a clear upward long-term trend.
Positive Factors
Recurring revenue and resilient margins
Steady revenue expansion and resilient margins indicate a durable operating model. SS&C’s recurring software, administration, and outsourcing contracts support visibility, while stable profitability provides a foundation for sustained earnings.
Negative Factors
High leverage and refinancing exposure
Meaningful debt reduces financial flexibility and leaves cash flow exposed to interest costs and refinancing conditions. Prioritizing buybacks over debt reduction could slow balance-sheet improvement before 2027 maturities.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring revenue and resilient margins
Steady revenue expansion and resilient margins indicate a durable operating model. SS&C’s recurring software, administration, and outsourcing contracts support visibility, while stable profitability provides a foundation for sustained earnings.
Read all positive factors
SS&C Technologies Holdings Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down sales across regions (U.S., Europe, Asia and others), revealing reliance on particular markets, exposure to currency and regulatory risk, and where the company has the strongest customer demand and growth runway.
Breaks down sales across regions (U.S., Europe, Asia and others), revealing reliance on particular markets, exposure to currency and regulatory risk, and where the company has the strongest customer demand and growth runway.
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The Fly
The FlySS&C Technologies Holdings (SSNC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$19.47B
Dividend Yield1.3%
Average Volume (3M)1.88M
Price to Earnings (P/E)23.2
Beta (1Y)0.81
Revenue Growth8.57%
EPS Growth9.06%
CountryUS
Employees28,800
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)3.58
Shares Outstanding234,655,000
10 Day Avg. Volume1,906,443
30 Day Avg. Volume1,880,664
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$89.43Price Target Upside21.05% 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. offers a diverse portfolio of software solutions and related services, catering primarily to the financial services and healthcare industries. The company's sophisticated technology infrastructure spans various cri...
How the Company Makes Money
SS&C primarily makes money by selling technology-enabled software and services that run clients’ operational workflows, combined with recurring administration and outsourcing fees tied to assets and account activity. Key revenue streams include: (...
SS&C Technologies Holdings Earnings Call Summary
Earnings Call Date:Jul 23, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 22, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational momentum and record adjusted financial results (revenue, EBITDA, EPS) alongside substantial shareholder returns and promising commercial traction (AI, tokenization, DomaniRx). These positives are moderated by a high leverage profile, quarter-to-quarter lumpiness driven by renewal timing, notable GAAP/non-GAAP differences, and ongoing investment needs. Management raised full-year guidance while balancing buybacks and potential refinancing plans, signaling confidence but with capital structure and program continuity risks to monitor.Positive Updates
Record Quarterly Financials
Adjusted revenue of $1,696.9M, up 10.3% year-over-year; adjusted consolidated EBITDA $670.7M, up 11.7% with a margin of 39.5% (expanding 50 bps); adjusted diluted EPS $1.76, up 18.1%.
Negative Updates
High Leverage and Debt Load
Q2 ending cash $435M vs. gross debt $7.6B and net debt $7.2B; last 12 months consolidated EBITDA $2.6B resulting in net leverage ratio ~2.75x; management is prioritizing share repurchases over debt reduction while exploring 2027 bond refinancing.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Quarterly Financials
Adjusted revenue of $1,696.9M, up 10.3% year-over-year; adjusted consolidated EBITDA $670.7M, up 11.7% with a margin of 39.5% (expanding 50 bps); adjusted diluted EPS $1.76, up 18.1%.
Read all positive updates
Company Guidance
Management provided near-term and full-year guidance with specific ranges and assumptions: for Q3 2026 they expect revenue of $1.657B–$1.697B (implying ~5% organic growth at the midpoint), adjusted net income of $413M–$429M, interest expense (excl. amortization/OID) of $103M–$105M, and adjusted diluted EPS of $1.73–$1.79. For full-year 2026 they increased revenue guidance to $6.672B–$6.832B (about 5.5% organic growth at the midpoint), target EBITDA growth of 9.3% with 50 bps margin expansion and a Q4 margin goal of ~40%, cash from operations of $1.717B–$1.817B, adjusted net income of $1.67B–$1.77B, and adjusted diluted EPS of $6.93–$7.25 (roughly 15.5% growth at the midpoint). Assumptions include an adjusted effective tax rate of ~22.5%, capex of 4.4%–4.8% of revenue, short-term rates remaining at current levels, a stronger weighting to share repurchases versus debt paydown, and active exploration of bond refinancing for 2027 maturities.SS&C Technologies Holdings Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
83
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.56B | 6.27B | 5.88B | 5.50B | 5.28B | 5.05B |
| Gross Profit | 3.16B | 3.02B | 2.86B | 2.65B | 2.52B | 2.41B |
| EBITDA | 2.22B | 2.10B | 2.04B | 2.00B | 1.86B | 1.91B |
| Net Income | 864.00M | 796.90M | 760.50M | 607.10M | 650.20M | 800.00M |
Balance Sheet | ||||||
| Total Assets | 20.61B | 20.71B | 19.04B | 18.10B | 16.65B | 17.33B |
| Cash, Cash Equivalents and Short-Term Investments | 434.80M | 3.57B | 3.37B | 432.20M | 440.10M | 564.00M |
| Total Debt | 7.78B | 7.65B | 7.18B | 6.92B | 7.32B | 6.22B |
| Total Liabilities | 13.90B | 13.77B | 12.44B | 11.70B | 10.55B | 11.11B |
| Stockholders Equity | 6.64B | 6.89B | 6.53B | 6.34B | 6.04B | 6.17B |
Cash Flow | ||||||
| Free Cash Flow | 1.76B | 1.66B | 1.33B | 963.60M | 926.00M | 1.29B |
| Operating Cash Flow | 1.83B | 1.74B | 1.39B | 1.22B | 1.13B | 1.43B |
| Investing Cash Flow | -1.30B | -1.33B | -855.70M | -268.40M | -1.76B | -148.20M |
| Financing Cash Flow | 15.20M | -221.70M | -152.30M | 712.80M | -1.18B | 556.70M |
SS&C Technologies Holdings Technical Analysis
Positive
73.88
Price Trends
72.53
Positive
70.39
Positive
75.04
Positive
Market Momentum
2.89
Positive
67.70
Neutral
85.43
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SSNC, the sentiment is Positive. The current price of 73.88 is below the 20-day moving average (MA) of 80.44, above the 50-day MA of 72.53, and below the 200-day MA of 75.04, indicating a bullish trend. The MACD of 2.89 indicates Positive momentum. The RSI at 67.70 is Neutral, neither overbought nor oversold. The STOCH value of 85.43 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | $14.34B | 46.22 | 9.34% | ― | 8.19% | 6.70% | |
75 Outperform | $11.85B | 83.77 | 7.75% | ― | 21.08% | ― | |
73 Outperform | $15.68B | 101.10 | 10.99% | ― | 24.92% | 356.37% | |
72 Outperform | $19.47B | 23.20 | 12.66% | 1.46% | 8.57% | 9.06% | |
71 Outperform | $10.26B | 24.64 | 40.43% | 1.03% | 9.23% | 27.04% | |
69 Neutral | $6.23B | 15.51 | 16.09% | ― | 11.61% | 0.19% | |
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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-5.21
-5.91%
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TYL
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PAYC
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HUBS
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TTD
Trade Desk
13.03
-39.62
-75.25%
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.