SS&C Technologies Holdings, Inc.
- Open
- 82.03
- Day high
- 82.85
- Day low
- 81.93
- Prev close
- 82.28
- Volume
- 272K
- Mkt cap
- $19.4B
- P/E (TTM)
- 23.1
- EPS (TTM)
- $3.58
- P/B
- 2.9
- P/S
- 3.0
- Yield
- 0.65%
- Per share
- $0.54
SS&C Technologies Holdings, Inc. (SSNC) is a Technology company listed on NASDAQ. The stock is down 6% over the past year. Drillr has 1 published research article covering SSNC.
SS&C Technologies Holdings, Inc. (SSNC) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 6 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SSNC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 23, 2026 | $1.68 | $1.76 | +4.8% | $1.7B | +2.0% |
| Apr 23, 2026 | $1.66 | $1.69 | +1.8% | $1.6B | +1.2% |
| Feb 5, 2026 | $1.62 | $1.69 | +4.3% | $1.7B | +1.9% |
| Oct 23, 2025 | $1.47 | $1.57 | +6.8% | $1.6B | +1.0% |
| Jul 23, 2025 | $1.39 | $1.45 | +4.3% | $1.5B | +1.5% |
| Apr 24, 2025 | $1.41 | $1.44 | +2.1% | $1.5B | +0.7% |
| Feb 6, 2025 | $1.33 | $1.58 | +18.8% | $1.5B | +3.0% |
| Oct 24, 2024 | $1.26 | $1.29 | +2.4% | $1.5B | +1.6% |
| Jul 25, 2024 | $1.20 | $1.27 | +5.8% | $1.5B | +1.4% |
| Apr 25, 2024 | $1.22 | $1.28 | +4.9% | $1.4B | +1.3% |
| Feb 13, 2024 | $1.24 | $1.26 | +1.6% | $1.4B | +1.6% |
| Oct 26, 2023 | $1.16 | $1.17 | +0.9% | $1.4B | -0.9% |
SSNC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 18, 2026 | Schell Brian Nofficer: EVP & CFO | Option | 40,170 | — |
| Aug 18, 2026 | Schell Brian Nofficer: EVP & CFO | Tax | 17,937 | $81.50 |
| May 22, 2026 | Walton Debradirector | Option | 2,580 | — |
| May 22, 2026 | Walton Debradirector | Grant | 3,200 | — |
| May 22, 2026 | BOULANGER NORMAND Adirector | Option | 2,580 | — |
| May 22, 2026 | Conjeevaram Smitadirector | Grant | 3,200 | — |
| May 22, 2026 | Vanni d'Archirafi Francesco Paolodirector | Grant | 3,200 | — |
| May 22, 2026 | MICHAEL JONATHAN Edirector | Grant | 3,200 | — |
| May 22, 2026 | Varsano Daviddirector | Option | 2,580 | — |
| May 22, 2026 | ZAMKOW MICHAEL JAYdirector | Sell | 3,000 | $66.78 |
| May 22, 2026 | MICHAEL JONATHAN Edirector | Option | 2,580 | — |
| May 22, 2026 | Vanni d'Archirafi Francesco Paolodirector | Option | 2,580 | — |
| May 22, 2026 | ZAMKOW MICHAEL JAYdirector | Option | 2,580 | — |
| May 22, 2026 | Conjeevaram Smitadirector | Option | 2,580 | — |
| May 22, 2026 | ZAMKOW MICHAEL JAYdirector | Grant | 3,200 | — |
Source: SSNC SEC Form 4 filings, latest Aug 18, 2026. For informational purposes only — not investment advice.
See the full SSNC insider & 13F page →SS&C Technologies Holdings, Inc. company profile
Overview
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is a leading provider of software products and software-enabled services to the financial services and healthcare industries. Founded in 1986 and headquartered in Windsor, Connecticut, the company went public in 2010. SS&C has grown through a combination of organic development and strategic acquisitions to become a comprehensive technology solutions provider serving institutional investors, alternative asset managers, wealth managers, and healthcare organizations globally. The company operates across multiple geographic regions including the United States, United Kingdom, Europe, Middle East, Africa, Asia Pacific, and the Americas.
Business
SS&C Technologies operates in the financial technology (fintech) and healthcare technology sectors, providing mission-critical software and services that automate complex business processes for institutional clients. The company's offerings span the entire investment management lifecycle, from front-office trading and portfolio management to back-office accounting, compliance, and reporting. The company's business is organized into several key segments: 1. **Wealth and Investment Technologies** (approximately 25-30% of revenue): This segment includes the Black Diamond Wealth Platform, which provides portfolio management, reporting, and client relationship management tools for registered investment advisors and wealth managers. The platform helps advisors manage client portfolios, generate performance reports, and maintain regulatory compliance. This segment has been experiencing strong growth in the mid-teens range. 2. **Alternatives and Fund Administration** (approximately 35-40% of revenue): Anchored by SS&C GlobeOp, this segment provides comprehensive fund administration services to hedge funds, private equity firms, and other alternative investment managers. Services include accounting, investor reporting, regulatory compliance, and operational support. The company also offers Advent portfolio accounting software widely used by investment managers. 3. **Global Investor and Distribution Solutions (GIDS)** (approximately 15-20% of revenue): This segment focuses on investor onboarding, distribution, and communication services for asset managers. It includes solutions for investor relations, regulatory reporting, and distribution management. 4. **Healthcare Solutions** (approximately 5-10% of revenue): The company's DomaniRx platform provides pharmacy benefit management, claims adjudication, and healthcare administration services. This segment has been experiencing some volatility but represents a significant growth opportunity. 5. **Other Technology Solutions** (approximately 15-20% of revenue): This includes Intralinks virtual data rooms for secure document sharing during M&A transactions, Blue Prism robotic process automation (RPA) technology, and various banking and lending solutions. The company's software products are designed to handle complex financial calculations, regulatory reporting requirements, and large-scale data processing that would be difficult or impossible to manage manually. For example, their fund administration services can process thousands of investment transactions daily while maintaining accurate books and records for regulatory purposes.
Revenue model
SS&C Technologies generates revenue through multiple complementary business models: **Primary Revenue Streams:** 1. **Recurring Software Licenses and Subscriptions** (approximately 60-70% of total revenue): The company charges annual or multi-year licensing fees for its software platforms. This creates predictable, recurring revenue streams with high switching costs due to the mission-critical nature of the applications. 2. **Software-Enabled Services** (approximately 25-35% of revenue): SS&C provides outsourced services where they operate the technology on behalf of clients. For example, in fund administration, they handle the day-to-day accounting, reporting, and compliance functions for investment managers. These services typically involve processing fees based on assets under management or transaction volumes. 3. **Professional Services** (approximately 5-10% of revenue): Implementation, consulting, and support services help clients deploy and optimize SS&C's solutions. These services generate project-based revenue and ongoing support fees. **Customer Base:** The company's paying customers are primarily institutional clients including asset managers, hedge funds, private equity firms, wealth management firms, insurance companies, banks, and healthcare organizations. These clients typically have significant assets under management or complex operational requirements that justify the substantial costs of SS&C's enterprise-grade solutions. **Margin Drivers:** Several factors influence SS&C's profitability positively: the recurring nature of software revenue provides high gross margins (typically 75-80%); economies of scale allow the company to spread development costs across a large customer base; and the mission-critical nature of their solutions supports premium pricing. The company has also been investing heavily in automation through its Blue Prism RPA platform, which has enabled them to reduce headcount by over 1,000 full-time equivalents while maintaining service quality. Factors that could pressure margins include: wage inflation in key technology markets; increased competition requiring higher sales and marketing investments; regulatory changes requiring significant product modifications; and economic downturns that could pressure client assets under management (which affects fee-based revenue). The company's exposure to alternative asset managers also creates some cyclicality, as hedge fund and private equity performance can impact client retention and new business generation.
Competitive moat
SS&C Technologies possesses a relatively strong competitive moat built on several key factors: **Switching Costs and Mission-Critical Nature:** The company's primary moat stems from extremely high switching costs. Their software handles critical functions like accounting, compliance, and regulatory reporting where errors can result in significant financial penalties or regulatory sanctions. Once implemented, these systems become deeply integrated into clients' daily operations, making replacement costly, time-consuming, and risky. Implementation projects often take 6-18 months and require substantial client resources. **Scale and Specialization:** SS&C has built comprehensive, industry-specific solutions that would be difficult for smaller competitors to replicate. Their fund administration business, for example, requires deep expertise in complex financial instruments, multiple regulatory regimes, and the ability to process high transaction volumes with perfect accuracy. The company's scale allows them to invest in specialized talent and technology that smaller competitors cannot match. **Network Effects and Data Advantages:** In segments like Intralinks virtual data rooms, SS&C benefits from network effects where the value increases as more participants use the platform. Their extensive client base also provides valuable data insights that help improve their products and services. **Regulatory Expertise:** The company's deep knowledge of financial services regulations across multiple jurisdictions creates barriers to entry. New competitors would need years to develop equivalent regulatory expertise and gain the trust of highly regulated clients. **Potential Competitive Threats:** The company faces several challenges to its moat. Large technology companies like Microsoft, Amazon, and Google are increasingly targeting financial services with cloud-based solutions that could eventually commoditize some of SS&C's offerings. Fintech startups are also attacking specific segments with more modern, user-friendly solutions. Additionally, some large clients have sufficient scale to consider building internal solutions rather than paying SS&C's fees. The company's acquisition-heavy growth strategy also creates integration risks that could weaken service quality and client satisfaction. Overall, SS&C's moat appears moderately strong in the near term but faces long-term pressure from technological disruption and changing client expectations.
Risks & safety
**Overall Assessment:** SS&C Technologies presents a moderate margin of safety with solid financial fundamentals but elevated valuation metrics and meaningful debt levels. **Liquidity and Solvency:** - Cash position: $515 million with strong operating cash flow generation ($272 million in Q1 2025) - Current ratio: 1.11x indicates adequate short-term liquidity - Total debt-to-equity ratio: 1.02x represents moderate leverage - Net debt leverage ratio: 2.89x (within management's target range) - Strong free cash flow generation: $259 million in Q1 2025, $1.33 billion for full year 2024 **Valuation Metrics:** - P/E ratio: 24.1x (elevated relative to historical averages) - EV/EBITDA: 18.9x (higher than typical software multiples) - Price-to-book ratio: 2.99x - Graham Number: $23.33 vs. current price of $75.60 suggests significant overvaluation **Other Considerations:** - Highly recurring revenue base (60-70%) provides revenue stability - Mission-critical nature of products reduces client churn risk - Proven track record of consistent EBITDA margin expansion - Active share buyback program demonstrates capital allocation discipline - Exposure to cyclical alternative asset management industry creates some earnings volatility
Recent development
Over the past few years, SS&C Technologies has pursued several key strategic initiatives to drive growth and operational efficiency: **Automation and Digital Transformation:** The company's most significant strategic pivot has been its heavy investment in robotic process automation (RPA) through its Blue Prism acquisition. SS&C has deployed over 3,300 digital workers across its operations, resulting in the reduction of approximately 1,050 full-time employees while maintaining service quality. This automation initiative is expected to generate over $100 million in annual cost savings and has enabled the company to expand EBITDA margins consistently. **Artificial Intelligence Integration:** SS&C has launched a governance-first AI platform and introduced 20 new AI agents for complex content processing. The company is developing AI-driven solutions with embedded trust layers, recognizing that financial services clients require high levels of accuracy and auditability in automated processes. **Healthcare Market Expansion:** The company has been developing its DomaniRx pharmacy benefits platform, which processed over 100 million claims and is targeting the broader healthcare insurance market. While this segment has experienced some volatility, management sees significant long-term opportunity in serving healthcare organizations beyond the top-tier players. **Geographic Expansion:** SS&C has been expanding its international presence, particularly in the Middle East and EMEA regions. The company recently opened a new office in Riyadh, Saudi Arabia, and has been focusing on serving clients in emerging markets where alternative asset management is growing rapidly. **Strategic Acquisitions and Partnerships:** The company completed a $670 million acquisition of Battea-Class Action Services and announced a strategic lift-out agreement with Insignia Financial in Australia, expected to contribute $35-70 million in revenue. SS&C has also expanded its strategic alliance with Morningstar and continues to identify cross-selling opportunities across its client base. **Product Integration and Cross-Selling:** Management has identified 75 active cross-selling opportunities across their client base, with 15-20 already closed. The company has been integrating its various platforms, such as combining InnoTrust and Black Diamond technologies into a unified Trust Suite offering.
SSNC company profile · for informational purposes only — not investment advice.
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