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SS&C Technologies Holdings, Inc. (SSNC)

NEUTRAL
TechnologySoftware - ApplicationUnited States

Fundamental

69

Preço

$83.14

Capitalização de Mercado

$19.46B

Parte 1 · Quanto vale a empresa

Visão Geral

SS&C sells software and back-office outsourcing services that run the administrative plumbing of the financial and healthcare industries: fund accounting and investor reporting for hedge funds and private equity, portfolio and trading systems for asset managers and insurers, and claims and benefits processing for healthcare payers. Much of its growth has come from acquiring smaller specialist software firms and folding their clients onto SS&C's platforms.

Como gera receita

Clients pay recurring fees, often for multi-year contracts, to run their fund administration, recordkeeping or claims processing on SS&C's systems, so revenue is largely subscription- and outsourcing-based rather than one-off software sales. Because these functions are central to a client's daily operations, contracts tend to be sticky, and SS&C has repeatedly used acquisitions to add both new clients and new product lines to this recurring base.

Vantagem competitiva

Custos de mudança · Estreita

Once a fund manager or insurer runs its books and client reporting through SS&C's systems, moving to another provider means migrating years of records and retraining staff during a period of regulatory scrutiny, which discourages switching. The advantage is narrow because the market for financial and healthcare back-office software includes both large-scale competitors and smaller niche specialists.

O que impulsiona a procura

Moderadamente cíclico

Recurring contract fees provide a stable base, but some revenue tied to assets under administration rises and falls with financial market levels, while healthcare-related revenue is more insulated from the economic cycle. Overall demand is moderately sensitive to how much fund and asset managers are willing to spend on outsourcing and technology.

Principais riscos

  • Acquisition integration risk — SS&C's growth strategy relies heavily on acquiring other companies; failing to integrate their systems and clients smoothly can hurt client satisfaction and the company's reputation.
  • Cybersecurity and data protection — SS&C's systems hold confidential financial and health information for clients and their end customers; a breach could disrupt operations and expose the company to liability and reputational harm.
  • Fragmented, competitive market — The company faces competition from both large-scale providers with broad offerings and smaller niche players focused on specific market segments, limiting pricing power.
  • Regulatory compliance burden — Operating critical infrastructure for regulated financial and healthcare clients means SS&C itself must meet a wide range of industry regulations, and compliance failures could disrupt client operations.

Os argumentos a favor

Buyers argue that deeply embedded, recurring outsourcing contracts across financial services and healthcare give SS&C a resilient revenue base, and that a long history of successfully absorbing acquisitions shows a repeatable way to keep adding scale.

Os argumentos contra

Sellers fear that a growth strategy built on continuous acquisitions eventually runs into integration problems or pricier targets, and that competition from both large and niche software providers limits how much SS&C can raise prices on its core recurring contracts.

Written by the editors, published on 18 de agosto de 2026

Direct competitors

Who this company fights with for the same customers

No editorial profile for this company yet

No competitor list for this company yet.

Balanço & Liquidez

Receita

$6.56B

Últimos 12 meses (até 30/06/2026)

Resultado Líquido

$864M

Últimos 12 meses (até 30/06/2026)

Fluxo de Caixa Livre

$1.66B

Capital Próprio Total

$6.89B

Passivo Total

$13.77B

Rácio de Liquidez

1.06

Cobertura de Juros

3.55

Dívida/EBITDA

3.63

Resultados Por Ação

Receita & Resultado Líquido

Fluxo de Caixa Livre

Decomposição dos Resultados

Demonstração histórica

Margens ao longo do tempo

A dívida ao longo do tempo

Quanto pesa a dívida

Grelha do crescimento

Crescimento — Receitas

Estimativa de Valor Justo

Justamente Valorizada

Valor Justo

$76.58

Preço Atual

$83.14

Margem de Segurança

-8.6%

Intervalo de Valor Justo

$49.77 - $103.38

Métodos de Estimativa

Analyst Target:$92.33
DCF:$110.05
PE-based:$36.08
Graham Growth:$63.21
EPV:$47.98
Consenso dos Analistas:Compra Forte (13B / 3H / 0S)
Última Surpresa de Resultados:+2.77%

Métricas de Avaliação

Rácio P/E

24.07

ROE

11.6%

Rácio P/B

2.95

P/FCF

11.19

Margem Bruta

48.1%

ROIC

8.0%

Radar de Rentabilidade

Value Creation (Economic Moat)

ROIC

8.0%

WACC

8.7%

ROIC − WACC

-0.7 pp

ROIC is roughly in line with the cost of capital — the company is barely covering its capital cost.

Critérios de Análise Fundamental

Aprovado (21)

  • EPS shows upward trend
  • EPS CAGR 15.83%
  • Price CAGR 11.24%
  • ROIC 8.0%
  • Gross Margin 48.1%
  • P/FCF 11.19
  • P/B Ratio 2.95
  • Debt/Equity ratio
  • Operating Margin 23.6%
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 12.7%
  • Revenue Growth 5Y 6.1%
  • Analyst Consensus 81% Buy
  • Earnings Surprise avg 2.7%
  • Earnings Quality (OCF/NI) 2.10
  • Share Dilution -0.2%

Reprovado (6)

  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • PEG Ratio 3.59
  • Net Margin Trend 13.2% vs 13.3%
  • Piotroski F-Score 4/9

Indisponível (1)

  • Dividend Payout NaN%

Piotroski F-Score

4/9

Sinais mistos: algumas áreas requerem atenção

score
criteria

Qualidade dos Resultados

2.10

Alta qualidade: resultados respaldados por caixa

Diluição de Ações

-0.2%

A recomprar ações. Favorável ao acionista

Governação

Equipa Executiva

NomeCargoIdade
Mr. William C. StoneFounder, Chairman of the Board & CEO70
Mr. Rahul Kanwar CPAPresident & COO50
Mr. Brian Norman SchellExecutive VP & CFO60
Mr. Jason Douglas WhiteSenior VP, General Counsel, Chief Legal Officer & Corporate Secretary55
Mr. Anthony CaiafaChief Technology Officer-
Ms. Justine StoneHead of Investor Relations-
Mr. Eamonn GreavesGlobal Head of Sales-
Mr. Ezra BaylinSenior Vice President & Global Head of Corporate Development-
Ms. Meghan RochaMD & Head of Global Marketing-
Ms. Darpan BhargavaSenior Vice President & Global Head of Human Resources-

Risco de Auditoria

1

Risco do Conselho

5

Risco de Remuneração

3

Risco dos Direitos dos Acionistas

4

Parte 2 · O preço e o momento de entrar

Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.

Latest News

Recent headlines for SSNC, sourced from Markets Gazette.

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