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SS&C Technologies Holdings
(NASDAQ:SSNC)
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Rating:70Outperform
Price Target:
$74.00
▲(2.62% Upside)
Action:Reiterated
Date:05/23/26
The score is driven primarily by strong cash-flow fundamentals and a constructive earnings update with raised guidance and margin goals. These positives are tempered by weak technical momentum and ongoing leverage-related balance-sheet risk, while valuation appears reasonable rather than notably cheap.
Positive Factors
High free cash flow conversion
Consistently high FCF conversion (≈95–96% of net income) indicates strong earnings quality and durable cash generation. That cash funds buybacks, dividends, M&A and tech investments without reliance on external financing, improving resilience through business cycles.
Negative Factors
Elevated leverage remains a constraint
Meaningful leverage (~2.7–2.8x) reduces financial flexibility, limits the pace of share repurchases vs. debt paydown, and increases interest sensitivity. In a downturn or rising-rate backdrop, leverage constrains strategic optionality and raises refinancing and covenant risk.
Read all positive and negative factors
Positive Factors
Negative Factors
High free cash flow conversion
Consistently high FCF conversion (≈95–96% of net income) indicates strong earnings quality and durable cash generation. That cash funds buybacks, dividends, M&A and tech investments without reliance on external financing, improving resilience through business cycles.
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
$15.78B
Dividend Yield1.17%
Average Volume (3M)2.45M
Price to Earnings (P/E)19.6
Beta (1Y)0.80
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. Volume2,340,262
30 Day Avg. Volume2,451,252
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 Cap1.47
Enterprise Value/Revenue3.62
Enterprise Value/Gross Profit7.54
Enterprise Value/Ebitda10.75
Forecast
1Y Price Target
$93.43Price Target Upside29.56% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)6.92
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 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
Neutral
72.11
Price Trends
67.06
Negative
69.03
Negative
76.76
Negative
Market Momentum
-1.06
Positive
48.38
Neutral
39.18
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SSNC, the sentiment is Neutral. The current price of 72.11 is above the 20-day moving average (MA) of 66.28, above the 50-day MA of 67.06, and below the 200-day MA of 76.76, indicating a bearish trend. The MACD of -1.06 indicates Positive momentum. The RSI at 48.38 is Neutral, neither overbought nor oversold. The STOCH value of 39.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | $13.41B | 43.34 | 8.71% | ― | 8.68% | 8.27% | |
74 Outperform | $6.63B | 16.04 | 31.03% | 0.94% | 9.37% | 23.47% | |
73 Outperform | $8.98B | 21.46 | 16.91% | ― | 15.55% | 6.91% | |
72 Outperform | $9.84B | 100.68 | 5.02% | ― | 21.05% | ― | |
70 Outperform | $15.78B | 19.62 | 11.74% | 1.17% | 7.46% | 0.44% | |
67 Neutral | $11.20B | 71.15 | 10.99% | ― | 24.92% | 356.37% | |
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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SS&C Technologies Holdings Corporate Events
Business Operations and StrategyStock BuybackDividendsShareholder Meetings
SS&C Technologies Expands Buybacks and Affirms Dividend Strategy
Positive
May 22, 2026
At its May 20, 2026 annual meeting, SSC Technologies Holdings, Inc. won shareholder approval for its Third Amended and Restated 2023 Stock Incentive Plan, adding 10 million shares to the pool available for equity-based compensation. Shareholders a...
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.