SS&C Technologies Holdings Inc Stock Research

Market Summary

USD55.24+1.42

Market Closed

2.64%

SSNC Stock Price

SSNC RSI Chart

SSNC Valuation

Market Cap

13.9B

Price/Earnings (Trailing)

21.32

Price/Sales (Trailing)

2.62

EV/EBITDA

7.22

Price/Free Cashflow

12.95

SSNC Price/Sales (Trailing)

SSNC Profitability

EBT Margin

16.58%

Return on Equity

10.76%

Return on Assets

3.9%

Free Cashflow Yield

7.72%

SSNC Fundamentals

SSNC Revenue

Revenue (TTM)

5.3B

Revenue Y/Y

3.41%

Revenue Q/Q

1.31%

SSNC Earnings

Earnings (TTM)

650.2M

Earnings Y/Y

-17.3%

Earnings Q/Q

29.69%

Price Action

52 Week Range

45.2579.06

(Low)(High)

Last 7 days

-8.0%

Last 30 days

-13.8%

Last 90 days

5.8%

Trailing 12 Months

-29.9%

SSNC Financial Health

Current Ratio

1.11

SSNC Investor Care

Dividend Yield

1.45%

Dividend/Share (TTM)

0.8

Buy Backs (1Y)

1.95%

Diluted EPS (TTM)

2.48

Peers (Alternatives to SS&C Tech Holdings)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MSFT	2.1T	204.1B	-1.92%	-6.89%	30.5	10.08	10.38%	-5.25%
ORCL	228.6B	46.1B	-7.20%	4.35%	25.98	4.96	11.29%	-14.28%
CRM	186.7B	31.4B	6.91%	-6.75%	897.78	5.96	19.41%	-85.60%
ADBE	163.2B	17.6B	-11.04%	-20.88%	34.32	9.27	11.54%	-1.37%
ZM	20.9B	4.4B	-7.13%	-28.23%	201.15	4.75	7.15%	-92.46%
AZPN	12.1B	-	-3.12%	49.09%	44.35	17.39	-	-
MID-CAP
PLAN	9.6B	631.5M	-1.97%	16.85%	-45.68	15.19	33.30%	-26.60%
MANH	8.9B	767.1M	-2.98%	9.04%	69.2	11.63	15.59%	16.73%
GWRE	6.5B	869.9M	3.14%	-9.62%	-33	7.53	13.87%	-103.37%
APPN	3.1B	468.0M	2.00%	-15.48%	-20.53	6.62	26.74%	-70.26%
PING	2.4B	308.3M	1.17%	7.67%	-23.16	7.93	13.75%	-237.98%
SMALL-CAP
ZUO	1.2B	383.7M	4.07%	-32.35%	-9.91	3.24	14.43%	-50.89%
YEXT	1.2B	399.9M	30.95%	57.36%	-14.32	2.91	4.73%	8.15%
UPLD	152.1M	317.3M	-43.48%	-70.17%	-2.22	0.48	5.06%	-17.52%

Financials for SS&C Tech Holdings

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2021Q4	2021Q3
Revenue	0.5%	5,283	5,259	5,183	5,051	4,960
Gross Profit	0.6%	2,515	2,499	2,499	2,409	-
Operating Expenses	2.6%	1,372	1,337	1,302	1,167	-
S&GA Expenses	4.4%	500	479	455	394	-
R&D Expenses	1.6%	447	440	430	415	-
EBITDA	17.2%	1,860	1,587	1,910	-	-
EBITDA Margin	40.9%	0.35*	0.25*	-	-	-
Earnings Before Taxes	-1.9%	876	893	925	1,037	-
EBT Margin	-2.3%	0.17*	0.17*	0.18*	-	-
Interest Expenses	51.8%	312	206	-	-	-
Net Income	-6.3%	650	694	718	800	-
Net Income Margin	-6.7%	0.12*	0.13*	0.14*	-	-
Free Cahsflow	-8.9%	1,071	1,175	1,258	-	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.9%	16,653	16,501	17,500	18,891	17,333
Current Assets	-1.9%	2,424	2,472	3,086	4,128	4,252
Cash Equivalents	9.5%	440	402	438	558	564
Net PPE	-0.6%	344	346	357	357	382
Goodwill	1.7%	8,863	8,713	8,867	50.00	8,046
Liabilities	-1.5%	10,550	10,714	11,386	12,648	11,110
Current Liabilities	-0.3%	2,191	2,198	2,776	3,806	3,851
LT Debt, Current	-3.0%	56.00	57.00	58.00	147	47.00
LT Debt, Non Current	-2.2%	7,024	7,184	7,235	7,374	5,902
Shareholder's Equity	5.5%	6,044	5,727	6,112	6,233	6,165
Retained Earnings	6.1%	2,740	2,582	2,473	2,414	2,293
Additional Paid-In Capital	1.0%	5,112	5,062	5,039	4,984	4,896
Shares Outstanding	-0.4%	251	252	255	255	256
Minority Interest	0.2%	57.00	57.00	57.00	57.00	58.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-9.2%	1,134	1,249	1,314	1,427	1,429
Share Based Compensation	0.2%	125	125	144	126	114
Cashflow From Investing	2.2%	-1,757	-1,797	-1,803	-1,713	-148
Cashflow From Financing	-74.6%	-1,184	-678	-549	1,144	557
Dividend Payments	-0.7%	203	205	194	184	174
Buy Backs	23.5%	476	385	334	477	488

Risks for SSNC

What is the probability of a big loss on SSNC?

65.4%

Probability that SS&C Tech Holdings stock will be more than 20% underwater in next one year

47.7%

Probability that SS&C Tech Holdings stock will be more than 30% underwater in next one year.

28.1%

Probability that SS&C Tech Holdings stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does SSNC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if SS&C Tech Holdings was unfortunately bought at previous high price.

Drawdowns

Returns for SSNC

Cumulative Returns on SSNC

14.8%

10-Year Cumulative Returns

8.7%

7-Year Cumulative Returns

1.1%

5-Year Cumulative Returns

6.8%

3-Year Cumulative Returns

What are the long-term rolling returns for SSNC?

FIve years rolling returns for SS&C Tech Holdings.

Annualized Returns

Which funds bought or sold SSNC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	21.8	2,475,260	10,024,300	0.01%
2023-03-08	SHEETS SMITH WEALTH MANAGEMENT	sold off	-100	-3,682,000	-	-%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-24.7	-37,000	171,000	-%
2023-03-06	NORTH STAR ASSET MANAGEMENT INC	added	2.36	2,864,030	27,561,000	1.71%
2023-03-01	Meixler Investment Management, Ltd.	reduced	-2.2	26,762	438,762	0.44%
2023-02-28	Voya Investment Management LLC	reduced	-10.07	-171,856	8,577,140	0.01%
2023-02-24	National Pension Service	reduced	-86.56	-18,711,300	3,154,210	0.01%
2023-02-24	NATIXIS	new	-	32,590	32,590	-%
2023-02-24	SRS Capital Advisors, Inc.	added	19.89	51,353	219,353	0.03%
2023-02-22	CVA Family Office, LLC	new	-	6,768	6,768	-%

Latest Funds Activity

Are funds buying SSNC calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own SSNC

No. of Funds

SS&C Tech Holdings News

Schedule 13G FIlings of SS&C Tech Holdings

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	select equity group, l.p.	0.1%	84	SC 13G/A
Feb 10, 2023	janus henderson group plc	5.9%	14,973,823	SC 13G/A
Feb 09, 2023	vanguard group inc	8.34%	21,017,381	SC 13G/A
Feb 07, 2023	stone william c	13.7%	34,815,161	SC 13G/A
Jan 27, 2023	blackrock inc.	10.2%	25,636,953	SC 13G/A
Jan 27, 2023	pzena investment management llc	5.01%	12,635,958	SC 13G
Jan 23, 2023	blackrock inc.	10.2%	25,636,953	SC 13G/A
Feb 14, 2022	select equity group, l.p.	6.2%	15,734,073	SC 13G
Feb 07, 2022	stone william c	13.3%	34,476,620	SC 13G/A
Feb 04, 2022	blackrock inc.	8.0%	20,267,454	SC 13G

SSNC Fair Value

SS&C Tech Holdings fair value in different scenarios

The table shows the Fair Value estimates for SS&C Tech Holdings for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	41.81 -24.31%	66.36 20.13%	118.61 114.72%	270.70 390.04%	393.43 612.22%
Current Inflation	38.73 -29.89%	59.97 8.56%	104.36 88.92%	232.91 321.63%	335.61 507.55%
Very High Inflation	34.91 -36.80%	52.28 -5.36%	87.67 58.71%	189.48 243.01%	269.72 388.27%

Historical SS&C Tech Holdings Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of SS&C Tech Holdings

View All Filings

Date Filed	Form Type	Document
Mar 08, 2023	8-K	Current Report
Mar 06, 2023	4	Insider Trading
Mar 06, 2023	4	Insider Trading
Mar 06, 2023	4	Insider Trading
Mar 06, 2023	4	Insider Trading
Feb 28, 2023	10-K	Annual Report
Feb 14, 2023	SC 13G/A	Major Ownership Report
Feb 10, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 07, 2023	8-K	Current Report

Latest Insider Trading transactions for SSNC

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-12-12	STONE WILLIAM C	acquired	4,488,000	11.22	400,000	chairman of the board & ceo
2022-09-15	Varsano David	acquired	56,060	14.2829	3,925	-
2022-08-26	MICHAEL JONATHAN E	acquired	69,270	11.545	6,000	-
2022-08-12	Kanwar Rahul	sold	-4,577,150	62.502	-73,232	president & coo
2022-08-12	Kanwar Rahul	acquired	821,663	11.22	73,232	president & coo
2022-08-11	Kanwar Rahul	acquired	523,974	11.22	46,700	president & coo
2022-08-11	Kanwar Rahul	sold	-2,944,900	63.06	-46,700	president & coo
2022-08-10	Kanwar Rahul	acquired	888,363	11.0951	80,068	president & coo
2022-08-10	Kanwar Rahul	sold	-5,008,930	62.5585	-80,068	president & coo
2021-12-22	MICHAEL JONATHAN E	bought	2,512	81.05	31.00	-

About SS&C Tech Holdings

SSNC Income Statement

2022-12-31

Consolidated Statements of Comprehensive Income (Loss) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues:
Total revenues	$ 5,283.0	$ 5,051.0	$ 4,667.9
Cost of revenues:
Total cost of revenues	2,767.7	2,641.7	2,574.1
Gross profit	2,515.3	2,409.3	2,093.8
Operating expenses:
Selling and marketing	500.1	394.1	356.3
Research and development	447.3	414.9	399.4
General and administrative	425.0	358.0	352.3
Total operating expenses	1,372.4	1,167.0	1,108.0
Operating income	1,142.9	1,242.3	985.8
Interest income	4.3	4.1	4.0
Interest expense	(312.2)	(205.7)	(249.9)
Other (expense) income, net	20.8	(18.2)	41.6
Equity in earnings of unconsolidated affiliates, net	25.8	25.4	(1.5)
Loss on extinguishment of debt, net	(5.5)	(10.9)	(4.2)
Income before income taxes	876.1	1,037.0	775.8
Provision for income taxes (Note 17)	227.1	236.4	150.6
Net income	649.0	800.6	625.2
Net income attributable to noncontrolling interest	1.2	(0.6)	0.0
Net income attributable to SS&C common stockholders	$ 650.2	$ 800.0	$ 625.2
Basic earnings per share attributable to SS&C common stockholders	$ 2.56	$ 3.13	$ 2.44
Diluted earnings per share attributable to SS&C common stockholders	$ 2.48	$ 2.99	$ 2.35
Basic weighted-average number of common shares outstanding	254.0	255.6	256.4
Diluted weighted-average number of common and common equivalent shares outstanding	262.0	267.3	266.6
Net income	$ 649.0	$ 800.6	$ 625.2
Other comprehensive (loss) income, net of tax:
Change in unrealized income (loss) on interest rate swaps	4.8	0.7	(2.7)
Defined benefit pension adjustment	(1.3)	3.4	(3.2)
Foreign currency exchange translation adjustment	(311.6)	(45.1)	57.9
Total other comprehensive (loss) income, net of tax	(308.1)	(41.0)	52.0
Comprehensive income	340.9	759.6	677.2
Comprehensive income attributable to noncontrolling interest	1.2	(0.6)	0.0
Comprehensive income attributable to SS&C common stockholders	342.1	759.0	677.2
Software-enabled Services [Member]
Revenues:
Total revenues	4,273.9	4,256.1	3,891.3
Cost of revenues:
Total cost of revenues	2,414.8	2,326.0	2,257.3
License, Maintenance and Related [Member]
Revenues:
Total revenues	1,009.1	794.9	776.6
Cost of revenues:
Total cost of revenues	$ 352.9	$ 315.7	$ 316.8

SSNC Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 440.1	$ 564.0
Funds receivable and funds held on behalf of clients	966.3	2,755.7
Accounts receivable, net of allowance for credit losses of $21.7 and $17.9, respectively (Note 3)	778.6	713.4
Contract asset	42.3	27.4
Prepaid expenses and other current assets	193.8	187.5
Restricted cash and cash equivalents	3.3	4.2
Total current assets	2,424.4	4,252.2
Property, plant and equipment, net (Note 4)	343.9	382.0
Operating lease right-of-use assets (Note 5)	260.6	291.2
Investments (Note 6)	193.9	172.8
Unconsolidated affiliates (Note 7)	266.9	306.1
Contract asset	115.9	77.9
Goodwill (Note 9)	8,863.0	8,045.5
Intangible and other assets, net of accumulated amortization of $3,445.4 and $2,890.5, respectively (Note 9)	4,184.7	3,805.3
Total assets	16,653.3	17,333.0
Current liabilities:
Current portion of long-term debt (Note 10)	55.7	47.4
Client funds obligations	966.3	2,755.7
Accounts payable	49.5	28.7
Income taxes payable	34.3	25.5
Accrued employee compensation and benefits	235.8	322.2
Interest payable	28.4	27.5
Other accrued expenses	356.1	310.1
Deferred revenues	464.7	334.0
Total current liabilities	2,190.8	3,851.1
Long-term debt, net of current portion (Note 10)	7,023.9	5,901.5
Operating lease liabilities (Note 5)	237.0	268.2
Other long-term liabilities	225.8	254.0
Deferred income taxes	872.9	835.0
Total liabilities	10,550.4	11,109.8
Commitments and contingencies (Note 18)
Redeemable noncontrolling interest (Note 6)	2.1	0.0
Stockholders’ equity (Note 11):
Preferred stock, $0.01 par value per share, 5.0 million shares authorized; no shares issued	0.0	0.0
Additional paid-in capital	5,111.6	4,895.7
Accumulated other comprehensive loss	(550.1)	(242.0)
Retained earnings	2,740.1	2,293.0
Cost of common stock in treasury, 20.9 and 13.1 million shares, respectively	(1,260.1)	(784.0)
Total stockholders’ equity	6,044.2	6,165.4
Noncontrolling interest (Note 12)	56.6	57.8
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Total	6,100.8	6,223.2
Total liabilities and stockholders’ equity	16,653.3	17,333.0
Class A Non-Voting Common Stock [Member]
Stockholders’ equity (Note 11):
Common stock	0.0	0.0
Common Stock [Member]
Stockholders’ equity (Note 11):
Common stock	$ 2.7	$ 2.7