SS&C Technologies Holdings, Inc. (SSNC)
NEUTRALFundamental
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 · EstreitaOnce 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 cíclicoRecurring 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
Valor Justo
$76.58
Preço Atual
$83.14
Margem de Segurança
-8.6%
Intervalo de Valor Justo
$49.77 - $103.38
Métodos de Estimativa
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
Sinais mistos: algumas áreas requerem atenção
Qualidade dos Resultados
Alta qualidade: resultados respaldados por caixa
Diluição de Ações
A recomprar ações. Favorável ao acionista
Governação
Equipa Executiva
| Nome | Cargo | Idade |
|---|---|---|
| Mr. William C. Stone | Founder, Chairman of the Board & CEO | 70 |
| Mr. Rahul Kanwar CPA | President & COO | 50 |
| Mr. Brian Norman Schell | Executive VP & CFO | 60 |
| Mr. Jason Douglas White | Senior VP, General Counsel, Chief Legal Officer & Corporate Secretary | 55 |
| Mr. Anthony Caiafa | Chief Technology Officer | - |
| Ms. Justine Stone | Head of Investor Relations | - |
| Mr. Eamonn Greaves | Global Head of Sales | - |
| Mr. Ezra Baylin | Senior Vice President & Global Head of Corporate Development | - |
| Ms. Meghan Rocha | MD & Head of Global Marketing | - |
| Ms. Darpan Bhargava | Senior 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.