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SS&C Technologies Holdings
(NASDAQ:SSNC)
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Rating:74Outperform
Price Target:
$100.00
▲(19.80% Upside)
Action:Reiterated
Date:10/23/26
SSNC scores well on profitable, cash-generative operations and a constructive earnings outlook with raised guidance and margin expansion targets. Strong price momentum also supports the score, though overbought technical readings add near-term risk. The overall rating is held back by high absolute debt/leverage and a valuation that is not especially cheap relative to the modest dividend yield.
Positive Factors
Mission-Critical Recurring Revenue
SS&C is embedded in critical accounting, reporting, compliance, transaction-processing, and operational workflows. These high-switching-cost relationships support renewals and recurring revenue, while outsourcing and cross-selling can deepen customer relationships and make the business more durable.
Negative Factors
High Leverage and Refinancing Exposure
Elevated debt increases financial sensitivity to refinancing costs and slower growth. Upcoming note maturities could absorb management attention and cash resources, while leverage may constrain flexibility to pursue acquisitions, reduce debt, or withstand weaker operating conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Mission-Critical Recurring Revenue
SS&C is embedded in critical accounting, reporting, compliance, transaction-processing, and operational workflows. These high-switching-cost relationships support renewals and recurring revenue, while outsourcing and cross-selling can deepen customer relationships and make the business more durable.
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.
Data provided by:
The Fly
The FlySS&C Technologies Holdings (SSNC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$19.47B
Dividend Yield1.34%
Average Volume (3M)1.48M
Price to Earnings (P/E)23.2
Beta (1Y)0.78
Revenue Growth8.75%
EPS Growth2.60%
CountryUS
Employees28,800
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)3.57
Shares Outstanding234,655,000
10 Day Avg. Volume1,592,797
30 Day Avg. Volume1,482,290
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 Cap1.32
Enterprise Value/Revenue3.85
Enterprise Value/Gross Profit7.98
Enterprise Value/Ebitda11.50
Forecast
1Y Price Target
$98.20Price Target Upside17.65% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)7.11
Revenue Forecast (FY)$6.78B
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 makes money primarily by selling and operating software platforms and by providing recurring, software-enabled services that run critical operational workflows for clients.
Key revenue streams
1) Recurring software and SaaS fees: SS&C earns ...
SS&C Technologies Holdings Earnings Call Summary
Earnings Call Date:Oct 22, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Feb 11, 2027
Earnings Call Sentiment Positive
The call was strongly positive, supported by solid third-quarter revenue, EPS, EBITDA, margin, cash flow, shareholder-return, and full-year guidance results. Management also highlighted healthy pipelines, customer expansion, AI and tokenization progress, international growth, and continued M&A capacity. The main challenges were fourth-quarter organic growth moderation, a 4.5% organic decline in intelligent automation and analytics, higher interest expense, upcoming refinancing, elevated acquisition valuations, and customer pricing pressure.Positive Updates
Strong Third-Quarter Revenue and Earnings Growth
Q3 adjusted revenue was $1.691 billion, up 7.8%, while adjusted diluted EPS was $1.78, up 14.8%. GAAP revenue was $1.69 billion, GAAP net income was $199 million, and GAAP diluted EPS was $0.83.
Negative Updates
Fourth-Quarter Organic Growth Moderation
Fourth-quarter guidance calls for 4% organic revenue growth at the midpoint, below the 5.2% organic growth reported in Q3. Management attributed the quarter-over-quarter change primarily to timing, including comparison against a particularly strong fourth quarter last year, the anniversary of a partial Insignia contribution, and the timing required to negotiate, sign, and launch large contracts.
Read all updates
Q3-2026 Updates
Positive
Negative
Strong Third-Quarter Revenue and Earnings Growth
Q3 adjusted revenue was $1.691 billion, up 7.8%, while adjusted diluted EPS was $1.78, up 14.8%. GAAP revenue was $1.69 billion, GAAP net income was $199 million, and GAAP diluted EPS was $0.83.
Read all positive updates
Company Guidance
For the fourth quarter of 2026, SS&C expects retention rates to be in the range of our most recent results, short term interest rates to remain at current levels, an effective tax rate of approximately 22.5% on an adjusted basis, capital expenditures to be 4.4% to 4.8% of revenues, and a stronger weighting to share repurchases versus debt reduction; revenue is expected to be $1.7 billion to $1.74 billion with 4% organic revenue growth at the midpoint, adjusted net income $454 million to $470 million, interest expense $103 million to $105 million, and adjusted diluted EPS $1.88 to $1.94. For the full year 2026, revenue is expected to be $6.736 billion to $6.776 billion with 5.5% organic revenue growth at the midpoint, adjusted net income $1.726 billion to $1.742 billion, adjusted diluted EPS $7.11 to $7.17, reflecting approximately 16.3% growth at the midpoint, EBITDA growth of 10%, EBITDA margin expansion of 90 basis points for the year, and exiting the year with 41% EBITDA margins.SS&C Technologies Holdings Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.69B | 6.27B | 5.88B | 5.50B | 5.28B | 5.05B |
| Gross Profit | 3.22B | 3.02B | 2.86B | 2.65B | 2.52B | 2.41B |
| EBITDA | 2.24B | 2.10B | 2.04B | 2.00B | 1.86B | 1.91B |
| Net Income | 852.90M | 796.90M | 760.50M | 607.10M | 650.20M | 800.00M |
Balance Sheet | ||||||
| Total Assets | 20.42B | 20.71B | 19.04B | 18.10B | 16.65B | 17.33B |
| Cash, Cash Equivalents and Short-Term Investments | 525.40M | 3.57B | 3.37B | 432.20M | 440.10M | 564.00M |
| Total Debt | 7.65B | 7.65B | 7.18B | 6.92B | 7.32B | 6.22B |
| Total Liabilities | 13.65B | 13.77B | 12.44B | 11.70B | 10.55B | 11.11B |
| Stockholders Equity | 6.70B | 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 | 1.87B | 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 | -699.00M | -221.70M | -152.30M | 712.80M | -1.18B | 556.70M |
SS&C Technologies Holdings Technical Analysis
Positive
83.47
Price Trends
81.35
Positive
75.73
Positive
73.95
Positive
Market Momentum
1.76
Negative
52.14
Neutral
72.10
Neutral
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 83.47 is above the 20-day moving average (MA) of 81.55, above the 50-day MA of 81.35, and above the 200-day MA of 73.95, indicating a bullish trend. The MACD of 1.76 indicates Negative momentum. The RSI at 52.14 is Neutral, neither overbought nor oversold. The STOCH value of 72.10 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | $4.33B | 46.89 | 14.49% | ― | 13.90% | 1906.95% | |
74 Outperform | $19.47B | 23.24 | 12.60% | 1.34% | 8.75% | 2.60% | |
73 Outperform | $2.45B | 74.74 | 3.36% | ― | 8.57% | ― | |
72 Outperform | $4.67B | 103.37 | -123.75% | ― | 19.67% | ― | |
69 Neutral | $17.61B | 23.42 | -33.43% | 0.06% | 24.09% | 34.17% | |
67 Neutral | $2.02B | 59.15 | 10.84% | ― | 8.62% | -58.32% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
SSNC
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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.