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1. Company Snapshot

1.a. Company Description

SS&C Technologies Holdings, Inc., together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries.The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions include portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions comprising claims adjudication, benefit management, care management, and business intelligence solutions.Its products and services allow professionals in the financial services and healthcare industries to automate complex business processes and are instrumental in helping its clients to manage information processing requirements.


The company's software-enabled services include SS&C GlobeOp, Global Investor and Distribution Solutions, SS&C Retirement Solutions, Black Diamond Wealth Platform, Bluedoor, Advent Outsourcing Services, Advent Data Solutions, ALPS Advisors, and Virtual Data Rooms, as well as pharmacy, healthcare administration, and health outcomes optimization solutions.Its software products comprise portfolio/investment accounting and analytics software, portfolio management software, trading software, digital process automation product suite, and banking and lending solutions, as well as research, analytics, risk, and training solutions.The company also provides professional services, including consulting and implementation services to assist clients; and product support services.


It operates in the United States; the United Kingdom; Europe, the Middle East, and Africa; the Asia Pacific and Japan; Canada; and the Americas.The company was founded in 1986 and is headquartered in Windsor, Connecticut.

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1.b. Last Insights on SSNC

SS&C Technologies' recent performance was negatively impacted by decreasing institutional investor holdings. Fisher Asset Management LLC and Board of the Pension Protection Fund trimmed their stakes by 42.6% and 86%, respectively. Additionally, Anchor Capital Advisors LLC and Assenagon Asset Management S.A. reduced their positions by 2.8% and 38.3%. Despite beating Q4 earnings estimates with $1.69 per share, the company's guidance and investor sentiment may be affected by these stake reductions. The company's plans for share repurchases and margin expansion may be overshadowed by these developments.

1.c. Company Highlights

2. SS&C Technologies Holdings' Q4 2025 Earnings: A Strong Finish to a Record Year

SS&C Technologies Holdings reported a strong Q4 2025, with adjusted revenue reaching $1.655 billion, an 8% increase year-over-year, and adjusted diluted EPS of $1.69, an 18% increase. The company's adjusted consolidated EBITDA was a record $651 million, reflecting an 8.7% increase and a margin of 39.3%, a 20 basis point expansion. The actual EPS of $1.69 beat estimates of $1.62, demonstrating the company's ability to execute and deliver strong results.

Publication Date: Feb -16

📋 Highlights
  • Record Q4 Adjusted Revenue & EPS:: Adjusted revenue reached $1.655 billion (+8%) and adjusted EPS hit $1.69 (+18%) in Q4 2025.
  • GIDS & GlobeOp Growth:: GIDS revenue grew 13.2% and GlobeOp revenue increased 9.6% year-over-year.
  • Adjusted Consolidated EBITDA:: EBITDA hit a record $651 million, up 8.7% ($52 million) with an expanded margin of 39.3%.
  • AI & Automation Outlook:: Strong 2026 growth expected in intelligent automation, leveraging AI for mission-critical operations and client scaling.
  • Margin Expansion Target:: Maintained 39% margins in 2025, with a goal to close 2026 at 40% through operational efficiency and scale.

Segment Performance

The company's GIDS segment saw revenue growth of 13.2%, while GlobeOp grew by 9.6%. The strong performance in these segments was driven by clients making long-term decisions to outsource, simplify, and scale their accounting models on SS&C's platform. As Rahul Kanwar noted, "We're seeing a consistent trend of clients entrusting us with complex mission-critical operations at scale, leading to recurring revenue and clear visibility into future growth."

Outlook and Guidance

SS&C is optimistic about its future prospects, driven by its ability to leverage AI and its strong position in the market. The company expects to drive long-term growth and profitability for its shareholders, with a focus on margin expansion. For 2026, analysts estimate revenue growth of 5.0%, which is relatively conservative given the company's historical performance.

Valuation

SS&C's valuation metrics are relatively attractive, with a P/E Ratio of 21.96, P/B Ratio of 2.54, and EV/EBITDA of 8.86. The company's ROE of 11.57% and ROIC of 7.53% indicate a strong ability to generate returns for shareholders. With a Net Debt / EBITDA ratio of -0.11, SS&C has a healthy balance sheet and is well-positioned to make strategic acquisitions or return capital to shareholders.

Growth Prospects

The company's Black Diamond platform, which administers $3.5 trillion for 4,000 RIAs, is expected to continue to be a crown jewel, with SS&C having integrated Morningstar's wealth management platform and moved 600 clients onto Black Diamond. The company's ability to leverage AI and fintechs is also expected to drive growth, with Bill Stone noting that they're "maintaining their competitive advantage through their deep expertise, mission-critical software, and ownership of their software and code."

3. NewsRoom

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Wall Street Analysts Predict a 33.9% Upside in SS&C Technologies (SSNC): Here's What You Should Know

Mar -04

Source: zacks.com

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SS&C Technologies Holdings, Inc. (SSNC) Presents at 47th Annual Raymond James Institutional Investor Conference Transcript

Mar -04

Source: seekingalpha.com

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SS&C Launches GenAI-Powered Sales Enablement Solution for Thornburg Investment Management

Feb -24

Source: businesswire.com

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Analyzing Elcom International (OTCMKTS:ELCO) and SS&C Technologies (NASDAQ:SSNC)

Feb -24

Source: defenseworld.net

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SS&C GlobeOp Forward Redemption Indicator

Feb -23

Source: businesswire.com

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8,932 Shares in SS&C Technologies Holdings, Inc. $SSNC Purchased by AMJ Financial Wealth Management

Feb -22

Source: defenseworld.net

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CenterBook Partners LP Acquires New Holdings in SS&C Technologies Holdings, Inc. $SSNC

Feb -21

Source: defenseworld.net

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SS&C ALPS Advisors Launches Actively Managed ETF Targeting SMR, Nuclear and Technology Opportunities

Feb -19

Source: businesswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.65%)

6. Segments

Software-enabled Services

Expected Growth: 5%

SS&C Technologies Holdings' Software-enabled Services segment growth is driven by increasing demand for cloud-based solutions, expansion into new markets, strategic acquisitions, and growing adoption of digital transformation in the financial services industry. Additionally, the company's investments in innovation, customer relationships, and operational efficiency contribute to its growth momentum.

Maintenance and Term Licenses

Expected Growth: 3%

SS&C Technologies Holdings, Inc.'s 3% growth in Maintenance and Term Licenses is driven by increasing adoption of cloud-based financial solutions, expansion into new markets, and strategic acquisitions. Additionally, the company's focus on digital transformation, regulatory compliance, and customer experience enhancements also contribute to this growth.

Professional Services

Expected Growth: 4%

SS&C Technologies Holdings' Professional Services segment growth is driven by increasing demand for cloud-based solutions, expansion into new markets, and strategic acquisitions. The company's expertise in investment management and financial services technology also contributes to its growth. Additionally, the rising need for outsourcing and consulting services in the financial industry further fuels the segment's growth.

Perpetual Licenses

Expected Growth: 2%

SS&C Technologies Holdings' Perpetual Licenses growth is driven by increasing demand for cloud-based financial technology solutions, expansion into new markets, and strategic acquisitions. The company's strong brand reputation, innovative products, and high customer retention rates also contribute to its growth. Additionally, the shift towards digital transformation in the financial industry fuels the adoption of perpetual licenses, further boosting growth.

7. Detailed Products

SS&C Advent

A comprehensive portfolio management and accounting solution for investment managers, hedge funds, and family offices.

SS&C GlobeOp

A comprehensive platform for fund administration, providing net asset value (NAV) calculation, accounting, and reporting.

SS&C Intralinks

A secure platform for virtual data rooms, enabling secure collaboration and file sharing for M&A, capital markets, and other transactions.

SS&C Eze

A comprehensive platform for investment management, providing order management, execution, and portfolio management capabilities.

SS&C DST

A comprehensive platform for wealth management, providing account servicing, trading, and reporting capabilities.

SS&C Alternative Investments

A comprehensive platform for alternative investment management, providing portfolio management, accounting, and reporting capabilities.

8. SS&C Technologies Holdings, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

SS&C Technologies Holdings, Inc. operates in a niche market with limited substitutes, reducing the threat of substitutes.

Bargaining Power Of Customers

SS&C Technologies Holdings, Inc. has a diverse customer base, reducing the bargaining power of individual customers.

Bargaining Power Of Suppliers

SS&C Technologies Holdings, Inc. relies on a few key suppliers, giving them some bargaining power, but the company's scale and diversification mitigate this risk.

Threat Of New Entrants

The financial technology industry has high barriers to entry, making it difficult for new entrants to compete with SS&C Technologies Holdings, Inc.

Intensity Of Rivalry

The financial technology industry is highly competitive, with many established players competing for market share, increasing the intensity of rivalry.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 51.46%
Debt Cost 9.70%
Equity Weight 48.54%
Equity Cost 10.97%
WACC 10.32%
Leverage 106.00%

11. Quality Control: SS&C Technologies Holdings, Inc. passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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InterDigital

A-Score: 6.6/10

Value: 3.7

Growth: 8.8

Quality: 9.0

Yield: 3.0

Momentum: 9.5

Volatility: 5.7

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SS&C Technologies Holdings

A-Score: 5.9/10

Value: 3.7

Growth: 6.1

Quality: 7.0

Yield: 2.0

Momentum: 7.0

Volatility: 9.7

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A-Score: 5.5/10

Value: 3.6

Growth: 8.1

Quality: 8.8

Yield: 0.0

Momentum: 6.0

Volatility: 6.3

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A-Score: 4.9/10

Value: 5.3

Growth: 8.2

Quality: 6.2

Yield: 0.0

Momentum: 2.5

Volatility: 7.3

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Alkami Technology

A-Score: 3.5/10

Value: 4.6

Growth: 7.1

Quality: 4.1

Yield: 0.0

Momentum: 0.5

Volatility: 4.7

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Commvault Systems

A-Score: 3.4/10

Value: 1.0

Growth: 6.9

Quality: 6.5

Yield: 0.0

Momentum: 1.5

Volatility: 4.3

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

74.4$

Current Price

74.4$

Potential

-0.00%

Expected Cash-Flows