SS&C Technologies (SSNC)

• Market cap: $18.8B
• 1 day: 2.09%
• 5 days: -0.66%
• 1 month: 3.25%
• 3 months: 0.38%
• 6 months: 22.00%
• Year to date: 25.49%
• 1 year: 27.17%
• 5 years: 24.62%
• 10 years: 168.48%
• Sector: Information Technology
• Industry: Prepackaged Software

About: SS&C Technologies provides software products and software-enabled services to a variety of customers primarily in financial services but also healthcare firms. SS&C GlobeOp provides fund administration services to alternative and traditional asset managers. In addition, SS&C provides portfolio accounting, portfolio management, trading, banking/lending, and other software to asset managers, banks, and financial advisors. SS&C's purchase of Intralinks makes it a leading player in virtual data room solutions. With its 2018 purchase of DST Systems, SS&C gained a foothold in the healthcare industry with pharmacy health management solutions and medical claim administration services. In 2022, SS&C completed the acquisition of Blue Prism.

Employees: 26,600

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

240% more first-time investments, than exits

New positions opened: 119 | Existing positions closed: 35

30% more repeat investments, than reductions

Existing positions increased: 254 | Existing positions reduced: 196

17% more capital invested

Capital invested by funds: $12.8B [Q2] → $15B (+$2.16B) [Q3]

15% more funds holding

Funds holding: 564 [Q2] → 648 (+84) [Q3]

7% more funds holding in top 10

Funds holding in top 10: 14 [Q2] → 15 (+1) [Q3]

0.51% less ownership

Funds ownership: 82.73% [Q2] → 82.22% (-0.51%) [Q3]

43% less call options, than puts

Call options by funds: $30.6M | Put options by funds: $53.9M

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $85 12% upside
• Avg. target: $89 17% upside
• High target: $92 21% upside

3 analyst ratings

• positive: 3 100%
• neutral: 0 0%
• negative: 0 0%

Raymond James Patrick O'Shaughnessy 88% 1-year accuracy 21 / 24 met price target	12% upside $85	Strong Buy Maintained	25 Oct 2024
Needham Mayank Tandon 67% 1-year accuracy 77 / 115 met price target	19% upside $90	Buy Reiterated	25 Oct 2024
DA Davidson Peter Heckmann 74% 1-year accuracy 34 / 46 met price target	21% upside $92	Buy Maintained	10 Oct 2024