SS&C Technologies trades at a forward price-to-earnings ratio of 9.0x against analyst targets implying 22% upside and converts 158% of net income into free cash flow, but a confirmed long-term downtrend and inconsistent earnings record over the past 4 quarters create meaningful near-term timing risk.
Thesis pillars
- Geographic Concentration Us↑Improving
- Free Cash Flow Quality↓Deteriorating
- Analyst Upside Recovery Case↑Improving
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 26, 2026
SS&C Technologies Holdings, Inc (SSNC) Stock Analysis
Range Bound setup
Technology · Software - Application
Sell if holding. At $80.49, A.R:R 1.2:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 6.5%; Concentration risk — Geographic: United States (67.0%).
SS&C Technologies provides software and software-enabled outsourcing services for financial services and healthcare clients across 35 countries, generating $6.27 billion in revenue in 2025 with 67% from U.S. clients and more than 23,000 clients globally. Revenue is primarily... Read more
Sell if holding. At $80.49, A.R:R 1.2:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 6.5%; Concentration risk — Geographic: United States (67.0%). Chart setup: RSI 50 mid-range, Bollinger mid-band. Score 5.4/10, moderate confidence.
Passes 5/8 gates (clean insider activity, news events none recent, earnings proximity 98d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: moderate.
About SS&C Technologies Holdings, Inc
About SS&C Technologies Holdings, Inc
SS&C Technologies generated $6,272.2 million in revenue for the year ended December 31, 2025, with 67% from clients in the United States and 33% from outside the U.S. The company served more than 23,000 clients through 100+ offices in 35 countries, employing more than 28,000 people, and software-enabled services revenues alone reached $5,211.1 million. Asia Pacific revenue grew 22.9% from 2023 to 2025, reaching $344.0 million.
SS&C earns revenue primarily through software-enabled outsourcing services and subscription-based on-demand cloud solutions structured under contracts with initial terms of one to five years, requiring monthly or quarterly payments and renewing automatically unless terminated. Pricing scales across factors including assets under management, number of accounts serviced, transaction volumes, and medical or pharmacy claims volume. The company has maintained average revenue retention rates greater than 95% on its software-enabled services and maintenance contracts for each of the last five years. The product portfolio spans securities accounting, front-to-back-office operations, risk analytics, regulatory reporting, and healthcare claims processing, distributed to hedge funds, private equity funds, mutual funds, wealth managers, health plans, and pharmacy benefit managers. Software-enabled services revenues grew from $4,488.3 million in 2023 to $5,211.1 million in 2025.
Show full overview
SS&C's software manages mission-critical operations — trade processing, fund administration, transfer agency, and regulatory filings — for institutions that face significant friction switching providers given the complexity of migrating account, transaction, and compliance data. The 10-K explicitly lists the difficulty of potential customers to change software service providers as a factor affecting client retention, and notes that many existing clients use SS&C's products for a relatively small portion of their total funds and investment vehicles, representing an organic expansion opportunity. The largest client in 2025 accounted for less than 5% of revenues, reflecting a base dispersed across more than 23,000 clients.
See also: Technology · Software - Application
From SS&C Technologies Holdings, Inc's most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated 2026-10-29Recent Developments — SS&C Technologies Holdings, Inc
Latest news
- NEWS SS&C (SSNC) Reports Q2: Everything You Need To Know Ahead Of Earnings - Yahoo Finance — Yahoo Finance neutral
- NEWS Analysts Offer Insights on Technology Companies: Manhattan Associates (MANH) and SS&C Technologies Holdings (SSNC) - The — The Globe and Mail neutral
- NEWS Is SS&C Technologies Holdings (SSNC) Cheap As Its Higher Dividend Sparks A Valuation Debate? - Yahoo Finance — Yahoo Finance positive
- NEWS Danica Pension Livsforsikringsaktieselskab Buys New Stake in SS&C Technologies Holdings, Inc. $SSNC - MarketBeat — MarketBeat positive
- NEWS SSNC Maintained by DA Davidson -- Price Target Holds at $96 - GuruFocus — GuruFocus positive
Generated 2026-10-29T11:14:35Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHGeographicUnited States67%10-K Item 1: 'In 2025, we generated 67% of our revenues from clients in the United States and 33% from clients outside the United States.'
Material Events(8-K, last 90d)
- 2026-05-22Item 5.02LOWAt the May 20, 2026 Annual Meeting, stockholders approved the Third Amended and Restated 2023 Stock Incentive Plan, increasing shares reserved for issuance by 10,000,000. Board approved the plan on March 11, 2026, subject to stockholder approval.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
2 floor-breakers
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Growth below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. At $80.49, A.R:R 1.2:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 6.5%; Concentration risk — Geographic: United States (67.0%). Chart setup: RSI 50 mid-range, Bollinger mid-band. Prior stop was $76.29. Score 5.4/10, moderate confidence.
Analyst target: $85.74 (+6.5% upside). Prior stop was $76.29. Stop-loss: $76.29.
Concentration risk — Geographic: United States (67.0%); Thin upside margin: 6.5%; Sector modifier (Technology): -0.8.
SS&C Technologies Holdings, Inc trades at a P/E of 23.2 (forward 10.4). TrendMatrix value score: 7.2/10. Verdict: Sell.
16 analysts cover SSNC with a consensus score of 4.1/5. Average price target: $99.
What does SS&C Technologies Holdings, Inc do?SS&C Technologies provides software and software-enabled outsourcing services for financial services and healthcare...
SS&C Technologies provides software and software-enabled outsourcing services for financial services and healthcare clients across 35 countries, generating $6.27 billion in revenue in 2025 with 67% from U.S. clients and more than 23,000 clients globally. Revenue is primarily from multi-year contracts priced on assets under management, transaction volumes, and account counts. The company maintained revenue retention rates greater than 95% on core products for each of the last five years.