SSNC
SS&C Technologies Holdings Inc
Next earnings Jul 21, 2026 · consensus $1.71 EPS, $1.70B rev
Last earnings -0.9% on 2026-04-23
$65.52
▲ +4.10%$65.52▼ -18.83%
over 1Y
L $62.94H $89.13
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+4.1%
1W+4.0%
1M-4.0%
3M-3.7%
YTD-23.0%
1Y-18.8%
Buy
Conviction
Horizon
Long (>12mo)
Street · 16 analysts
Buy
Sticky, recurring-revenue fund-admin and fintech leader at 20.8x earnings, throwing off $1.74B cash; leverage the main caveat.
Revenue $6.27B · FY2025
The read
The fundamentals carry the rating, but the price is rich (~18% above our fair-value estimate) — a quality-at-a-price call. The case rests on the business, not the entry; patient buyers may wait for a pullback.
SS&C is the world's leading hedge fund and private equity administrator and a deeply entrenched financial-software provider, serving more than 23,000 clients with mission-critical, contractually recurring services. FY2025 revenue grew 6.6% to $6.27B, continuing a steady climb from $5.05B in FY2021, and software-enabled services revenue rose to $5,211.1 million. Profitability is strong and durable: a 48.2% gross margin, 22.9% operating margin, operating income of $1.44B (+6.9%), net income of $797M (+4.8%), and diluted EPS of $3.15. The model converts beautifully to cash, generating $1,744.8 million of operating cash flow (+25.7%) on just $80.8M of capex.
Capital allocation is shareholder-friendly and acquisition-driven. In FY2025 SS&C repurchased $1.04B of stock (cutting shares 2.0%) and paid $254M in dividends, while continuing its serial M&A playbook (Calastone, Curo Fund Services, FPS Trust). The flip side is leverage: long-term debt rose 6.0% to $7.41B, and the Calastone deal added $1,050.0 million of incremental Term B-8 Loans. Liabilities/equity sits at 2.00x, so the balance sheet carries meaningful debt, though the $1.74B operating cash flow and recurring revenue base comfortably service it.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:49 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $5.05B | $5.28B | $5.50B | $5.88B | $6.27B |
| Gross profit | $2.41B | $2.52B | $2.65B | $2.86B | $3.02B |
| Operating income | $1.24B | $1.14B | $1.21B | $1.34B | $1.44B |
| Net income | $800M | $650M | $607M | $761M | $797M |
| Diluted EPS | $2.99 | $2.48 | $2.39 | $3.00 | $3.15 |
| Net margin | 15.8% | 12.3% | 11.0% | 12.9% | 12.7% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$22.4B
EV / EBITDA10.4
EV / Sales3.6
EV / FCF13.4
P / FCF9.2
PEG (trailing)4.35
Earnings yield5.2%
FCF yield10.8%
Quality & risk
ROIC (est.)7.9%
Free cash flow$1.66B
Total debt$7.43B
Net cash-$6.97B
Altman Z-Score1.51 distress
Piotroski F-Score5/9
Capital returns
Buyback yield6.7%
Dividend yield (est.)1.6%
Shareholder yield8.4%
Shares Δ YoY-2.0%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗4Period ending 2026-05-202026-05-22open ↗4Period ending 2026-05-202026-05-22open ↗4Period ending 2026-05-202026-05-22open ↗4Period ending 2026-05-202026-05-22open ↗4Period ending 2026-05-202026-05-22open ↗4Period ending 2026-05-202026-05-22open ↗4Period ending 2026-05-202026-05-22open ↗8-KPeriod ending 2026-05-202026-05-22open ↗144Filing2026-05-22open ↗144Filing2026-05-20open ↗144Filing2026-05-20open ↗SCHEDULE 13G/AFiling2026-05-15open ↗
Frequently asked
- Is SS&C Technologies Holdings Inc (SSNC) a buy?
- SSNC currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Sticky, recurring-revenue fund-admin and fintech leader at 20.8x earnings, throwing off $1.74B cash; leverage the main caveat.
- What is SSNC's fair value?
- A Modified-Graham model based on SSNC's SEC fundamentals estimates a fair value of about $53.76. It is an estimate from reported earnings, not a price target.
- Is SSNC overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, SSNC currently appears overvalued relative to its SEC-grounded earnings power.
- What is SS&C Technologies Holdings Inc's quality score?
- SSNC scores 65.46047827871318/100 (grade B-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001402436, latest 10-Q filed 2026-04-30) · EODHD · Proprietary analysis · as of 6/21/2026, 8:49:44 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.