SS&C Technologies Holdings Inc

SSNC: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$87.00	Cdyvy	Pkxnqszmj

SS&C Earnings: Software Businesses Seeing Some Air Pockets but Company Is Seeing Margin Progress

Rajiv Bhatia

Oct 27, 2023

SS&C reported a third quarter that was a tad soft on revenue. Revenues, adjusted EBITDA, and adjusted EPS of $1.37 billion, $534 million, $1.17, respectively, compared with the FactSet consensus estimates of $1.38 billion, $532 million, and $1.18. Overall, there was little in the firm's third-quarter earnings release that would alter our long-term view of the firm, and we will maintain our narrow moat rating and fair value estimate of $75 per share.

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