Company Reports

Founded in 1986, SS&C Technologies provides software products and software-enabled services to mostly financial services firms. SS&C introduced CAMRA—complete asset management, reporting, and accounting—in 1989. Since its inception, SS&C has acquired more than 50 companies; acquisitions have been a big part of its growth strategy.

SS&C Technologies reported third-quarter 2026 organic revenue growth of 5.2%, slightly above its 5.0% guidance midpoint. Adjusted EBITDA rose 9%. SS&C maintained its full-year organic revenue outlook and raised its 2026 adjusted earnings per share outlook by 0.7% at the midpoint.

SS&C Technologies reported second-quarter 2026 organic constant-currency revenue growth of 7.6%, up from 5.0% in the first quarter and above its midpoint guidance of 5.6%. SS&C made slight tweaks to its full-year outlook and continues to ramp up share repurchases.

Founded in 1986, SS&C Technologies provides software products and software-enabled services to mostly financial-services firms. SS&C introduced CAMRA—complete asset management, reporting, and accounting—in 1989. Since its inception, SS&C has acquired more than 50 companies; acquisitions have been a big part of its growth strategy.

SS&C Technologies reported first-quarter 2026 organic constant currency revenue growth of 5.0%, roughly steady from the 5.3% seen in the fourth quarter of 2025. SS&C slightly increased its full-year outlook. Shares were down 2% in after-hours trading.

After taking a fresh look at software companies across our coverage universe, we are downgrading our moat rating on SS&C Technologies to none from narrow.

Founded in 1986, SS&C Technologies provides software products and software-enabled services to mostly financial-services firms. SS&C introduced CAMRA—complete asset management, reporting, and accounting—in 1989. Since its inception, SS&C has acquired more than 50 companies; acquisitions have been a big part of its growth strategy.

Founded in 1986, SS&C Technologies provides software products and software-enabled services to mostly financial-services firms. SS&C introduced CAMRA—complete asset management, reporting, and accounting—in 1989. Since its inception, SS&C has acquired more than 50 companies; acquisitions have been a big part of its growth strategy.

SS&C Technologies reported a fourth quarter with steady organic revenue growth of 5.3% but limited margin expansion. The company gave its initial 2026 outlook, which includes organic revenue growth of 5.1% and 50 basis points of EBITDA margin expansion at the midpoint. Shares were mixed after hours.

After adjusting our model for SS&C Technologies, we are lowering our adjusted EBITDA margins as we consider trends in incremental margins and take a cautious view of the firm’s software businesses.

Founded in 1986, SS&C Technologies provides software products and software-enabled services to mostly financial-services firms. SS&C introduced CAMRA—complete asset management, reporting, and accounting—in 1989. Since its inception, SS&C has acquired more than 50 companies; acquisitions have been a big part of its growth strategy.

Founded in 1986, SS&C Technologies provides software products and software-enabled services to mostly financial-services firms. SS&C introduced CAMRA—complete asset management, reporting, and accounting—in 1989. Since its inception, SS&C has acquired more than 50 companies; acquisitions have been a big part of its growth strategy.

SS&C's third-quarter revenue grew 5.2% organically to $1.57 billion. With revenue and adjusted EPS topping the FactSet consensus and the firm’s outlook, we expect a positive market reaction. SS&C’s adjusted EPS outlook for 2025 rose 2% at the midpoint due to higher revenue and a lower tax rate.

Founded in 1986, SS&C Technologies provides software products and software-enabled services to mostly financial-services firms. SS&C introduced CAMRA—complete asset management, reporting, and accounting—in 1989. Since its inception, SS&C has acquired more than 50 companies; acquisitions have been a big part of its growth strategy.

SS&C Technologies reported 3.5% organic revenue growth in the second quarter, down from 5.1% in the first quarter, but better than its 2.5% midpoint guidance. For 2025, the firm expects 4.5% organic revenue growth (versus 4.4% previously) and adjusted EPS of $5.82-$6.06. (previously $5.68-$6.00).

SS&C Technologies announced on July 21 that it intends to acquire Calastone for $1.03 billion. The deal is expected to close in the fourth quarter of 2025 and will be funded with cash on hand and debt.

SS&C's revenue grew 5.1% organically to $1.51 billion, and adjusted EPS expanded 8.3% to $1.44 in the first quarter of 2025. Management nudged full-year organic revenue guidance to 4.4% from 5.0% at the midpoint, although it increased the profit outlook slightly, given the strong first quarter.

Founded in 1986, SS&C Technologies provides software products and software-enabled services to mostly financial-services firms. SS&C introduced CAMRA—complete asset management, reporting, and accounting—in 1989. Since inception, SS&C has acquired more than 50 companies; acquisitions have been a big part of its growth strategy.

Narrow moat-rated SS&C finished 2024 on a high note with organic revenue acceleration. Organic revenue grew 7.0%, up from 6.4% in the third quarter and well above the firm’s outlook at the midpoint of 2.4%. As is customary, SS&C provided its initial outlook for 2025. The firm’s full-year outlook was essentially in line with our and consensus expectations but the firm’s guidance has been conservative in recent quarters, so the market may view this as a positive. As we incorporate these results and modestly increase our revenue forecasts, we are increasing our fair value estimate to $95 from $88.

Founded in 1986, SS&C Technologies provides software products and software-enabled services to mostly financial-services firms. SS&C introduced CAMRA—complete asset management, reporting, and accounting—in 1989. Since inception, SS&C has acquired more than 50 companies; acquisitions have been a big part of its growth strategy.