SS&C Technologies (SSNC)
Market Price (6/14/2026): $67.685 | Market Cap: $16.3 BilSector: Information Technology | Industry: Application Software
SS&C Technologies (SSNC)
Market Price (6/14/2026): $67.685Market Cap: $16.3 BilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.5%, FCF Yield is 8.9% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 23% Stock buyback supportStock Buyback 3Y Total is 2.3 Bil Low stock price volatilityVol 12M is 24% Megatrend and thematic driversMegatrends include Cloud Computing, Fintech & Digital Payments, and Automation & Robotics. Themes include Software as a Service (SaaS), Show more. | Weak multi-year price returns2Y Excs Rtn is -26%, 3Y Excs Rtn is -51% | Key risksSSNC key risks include [1] the failure to successfully integrate businesses from its acquisition-led growth strategy and [2] the need to embed advanced technologies like AI into its products to maintain a competitive edge. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.5%, FCF Yield is 8.9% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 23% |
| Stock buyback supportStock Buyback 3Y Total is 2.3 Bil |
| Low stock price volatilityVol 12M is 24% |
| Megatrend and thematic driversMegatrends include Cloud Computing, Fintech & Digital Payments, and Automation & Robotics. Themes include Software as a Service (SaaS), Show more. |
| Weak multi-year price returns2Y Excs Rtn is -26%, 3Y Excs Rtn is -51% |
| Key risksSSNC key risks include [1] the failure to successfully integrate businesses from its acquisition-led growth strategy and [2] the need to embed advanced technologies like AI into its products to maintain a competitive edge. |
Qualitative Assessment
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SS&C Technologies (SSNC) stock has lost about 10% since 2/28/2026 because of the following key factors:
1. Q1 2026 GAAP Diluted Earnings Per Share Miss.
SS&C Technologies reported a diluted earnings per share (GAAP) of $0.91 for the first quarter of 2026, which fell below analysts' consensus estimates of $1.68. This miss, despite a beat in adjusted EPS, may have contributed to negative investor sentiment.
2. Concerns Regarding Financial Strength and High Debt Levels.
The company's financial strength has been flagged as a concern, with an Altman Z-score of 1.59 placing it in the "distress zone". Analysts have pointed to SS&C's substantial gross debt, which stood at $7.47 billion as of March 31, 2026, as a factor that could impact its financial stability.
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Stock Movement Drivers
Fundamental Drivers
The -9.4% change in SSNC stock from 2/28/2026 to 6/13/2026 was primarily driven by a -11.4% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 6132026 | Change |
|---|---|---|---|
| Stock Price ($) | 74.72 | 67.68 | -9.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,272 | 6,405 | 2.1% |
| Net Income Margin (%) | 12.7% | 12.6% | -0.5% |
| P/E Multiple | 22.8 | 20.2 | -11.4% |
| Shares Outstanding (Mil) | 243 | 242 | 0.5% |
| Cumulative Contribution | -9.4% |
Market Drivers
2/28/2026 to 6/13/2026| Return | Correlation | |
|---|---|---|
| SSNC | -9.4% | |
| Market (SPY) | 8.4% | 20.1% |
| Sector (XLK) | 33.3% | 4.8% |
Fundamental Drivers
The -20.4% change in SSNC stock from 11/30/2025 to 6/13/2026 was primarily driven by a -17.1% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 6132026 | Change |
|---|---|---|---|
| Stock Price ($) | 85.02 | 67.68 | -20.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,148 | 6,405 | 4.2% |
| Net Income Margin (%) | 13.9% | 12.6% | -8.7% |
| P/E Multiple | 24.3 | 20.2 | -17.1% |
| Shares Outstanding (Mil) | 244 | 242 | 1.0% |
| Cumulative Contribution | -20.4% |
Market Drivers
11/30/2025 to 6/13/2026| Return | Correlation | |
|---|---|---|
| SSNC | -20.4% | |
| Market (SPY) | 9.2% | 27.7% |
| Sector (XLK) | 29.5% | 17.8% |
Fundamental Drivers
The -14.8% change in SSNC stock from 5/31/2025 to 6/13/2026 was primarily driven by a -15.7% change in the company's P/E Multiple.| (LTM values as of) | 5312025 | 6132026 | Change |
|---|---|---|---|
| Stock Price ($) | 79.46 | 67.68 | -14.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,961 | 6,405 | 7.5% |
| Net Income Margin (%) | 13.7% | 12.6% | -7.6% |
| P/E Multiple | 23.9 | 20.2 | -15.7% |
| Shares Outstanding (Mil) | 246 | 242 | 1.8% |
| Cumulative Contribution | -14.8% |
Market Drivers
5/31/2025 to 6/13/2026| Return | Correlation | |
|---|---|---|
| SSNC | -14.8% | |
| Market (SPY) | 27.3% | 34.2% |
| Sector (XLK) | 61.0% | 20.5% |
Fundamental Drivers
The 28.5% change in SSNC stock from 5/31/2023 to 6/13/2026 was primarily driven by a 19.7% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312023 | 6132026 | Change |
|---|---|---|---|
| Stock Price ($) | 52.68 | 67.68 | 28.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,351 | 6,405 | 19.7% |
| Net Income Margin (%) | 11.3% | 12.6% | 12.0% |
| P/E Multiple | 21.8 | 20.2 | -7.6% |
| Shares Outstanding (Mil) | 250 | 242 | 3.7% |
| Cumulative Contribution | 28.5% |
Market Drivers
5/31/2023 to 6/13/2026| Return | Correlation | |
|---|---|---|
| SSNC | 28.5% | |
| Market (SPY) | 84.5% | 52.9% |
| Sector (XLK) | 129.7% | 37.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SSNC Return | 14% | -36% | 19% | 26% | 17% | -22% | 0% |
| Peers Return | 18% | -14% | 25% | 27% | -7% | -3% | 46% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| SSNC Win Rate | 50% | 33% | 42% | 58% | 75% | 33% | |
| Peers Win Rate | 58% | 45% | 52% | 57% | 55% | 37% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| SSNC Max Drawdown | -14% | -44% | -23% | -9% | -19% | -27% | |
| Peers Max Drawdown | -15% | -30% | -19% | -13% | -32% | -21% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: FISV, STT, BR, SEIC, MSCI. See SSNC Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/12/2026 (YTD)
How Low Can It Go
| Event | SSNC | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -19.0% | -18.8% |
| % Gain to Breakeven | 23.5% | 23.1% |
| Time to Breakeven | 135 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -21.3% | -9.5% |
| % Gain to Breakeven | 27.0% | 10.5% |
| Time to Breakeven | 87 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -13.5% | -6.7% |
| % Gain to Breakeven | 15.6% | 7.1% |
| Time to Breakeven | 126 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -43.3% | -24.5% |
| % Gain to Breakeven | 76.4% | 32.4% |
| Time to Breakeven | 832 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -47.2% | -33.7% |
| % Gain to Breakeven | 89.4% | 50.9% |
| Time to Breakeven | 168 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -24.6% | -19.2% |
| % Gain to Breakeven | 32.6% | 23.8% |
| Time to Breakeven | 50 days | 105 days |
In The Past
SS&C Technologies's stock fell -19.0% during the 2025 US Tariff Shock. Such a loss loss requires a 23.5% gain to breakeven.
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| Event | SSNC | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -21.3% | -9.5% |
| % Gain to Breakeven | 27.0% | 10.5% |
| Time to Breakeven | 87 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -43.3% | -24.5% |
| % Gain to Breakeven | 76.4% | 32.4% |
| Time to Breakeven | 832 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -47.2% | -33.7% |
| % Gain to Breakeven | 89.4% | 50.9% |
| Time to Breakeven | 168 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -24.6% | -19.2% |
| % Gain to Breakeven | 32.6% | 23.8% |
| Time to Breakeven | 50 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -23.3% | -12.2% |
| % Gain to Breakeven | 30.5% | 13.9% |
| Time to Breakeven | 370 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -30.8% | -17.9% |
| % Gain to Breakeven | 44.4% | 21.8% |
| Time to Breakeven | 144 days | 123 days |
In The Past
SS&C Technologies's stock fell -19.0% during the 2025 US Tariff Shock. Such a loss loss requires a 23.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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About SS&C Technologies (SSNC)
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Here are 1-3 brief analogies for SS&C Technologies:
The AWS for financial services and healthcare operations.
Like a specialized SAP or Oracle, providing critical operational software for financial and healthcare companies.
An ADP for the complex back-office and technology needs of financial firms and healthcare providers.
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SS&C Technologies (SSNC) Major Products and Services
Software Products
- Financial Services Software Suite: Provides extensive software for securities accounting, front-to-back office functions, portfolio/investment management, trading, digital process automation, and banking/lending.
- Healthcare Solutions Software: Offers software for claims adjudication, benefit/care management, and business intelligence within the healthcare industry.
Software-Enabled Services (Categorized)
- Fund and Investment Operations Outsourcing: Comprehensive services, including SS&C GlobeOp and Advent Outsourcing, handling middle and back-office functions for financial institutions.
- Wealth Management Platforms and Services: Includes the Black Diamond Wealth Platform, Bluedoor, Global Investor and Distribution Solutions, and ALPS Advisors, offering financial advice, asset management, and investor relations support.
- Retirement Solutions: Specialized services provided by SS&C Retirement Solutions for the administration and management of retirement plans.
- Healthcare Administration and Optimization: Services covering pharmacy, healthcare administration, and solutions aimed at optimizing health outcomes.
- Data Management and Virtual Data Rooms: Offers Advent Data Solutions for managing financial data and Virtual Data Rooms for secure document sharing.
- Professional Services: Consulting and implementation services assist clients with product deployment, alongside ongoing product support.
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Major Customers of SS&C Technologies (SSNC)
SS&C Technologies primarily sells its software products and software-enabled services to other companies. Its major customers fall into the following categories:
-
Financial Services Institutions: This broad segment includes a variety of entities that leverage SS&C's extensive suite of solutions for their complex business processes across front, middle, and back-office functions.
- Asset Managers: Such as hedge funds, private equity firms, mutual funds, and institutional asset managers, utilizing SS&C for securities accounting, trading, modeling, portfolio management, reporting, accounting, performance measurement, reconciliation, processing, clearing, compliance, and tax reporting. Services like SS&C GlobeOp are geared towards fund administration.
- Wealth Management Firms and Financial Advisors: These customers use platforms such as the Black Diamond Wealth Platform and Global Investor and Distribution Solutions for comprehensive portfolio management, client reporting, and advisory services.
- Banks and Lending Institutions: Benefiting from SS&C's banking and lending software, and digital process automation product suites.
- Broker-Dealers: For their trading software, processing, and clearing functions.
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Healthcare Organizations: This sector relies on SS&C for solutions that manage administrative and operational complexities within healthcare.
- Health Insurance Companies (Payers): These organizations use SS&C's healthcare solutions for critical functions such as claims adjudication, benefit management, care management, and business intelligence.
- Pharmacy Benefit Managers (PBMs) and Healthcare Administrators: Utilizing pharmacy, healthcare administration, and health outcomes optimization solutions.
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William C. Stone, Chairman and Chief Executive Officer
William C. Stone founded SS&C Technologies in 1986 and has continuously served as Chairman of the Board of Directors and Chief Executive Officer. Before founding SS&C, he directed the financial services consulting practice of KPMG LLP and served as Vice President of Administration and Special Investment Services at Advest, Inc. Under his leadership, SS&C went public in 1996, was taken private in 2005 through a transaction backed by The Carlyle Group, and returned to public trading in 2010. Stone has spearheaded over 60 acquisitions since 1995, playing a crucial role in expanding SS&C's product offerings and global reach.
Brian Schell, Executive Vice President and Chief Financial Officer
Brian Schell joined SS&C in August 2023 as Executive Vice President and Chief Financial Officer. Prior to SS&C, he served as CFO and Treasurer of Cboe Global Markets since 2018, having joined Cboe as part of the Bats Global Markets acquisition in 2017. As CFO of Bats since 2011, he played a lead role in the company's major accomplishments, including its April 2016 initial public offering and its acquisition by Cboe. Schell has over 30 years of experience at global financial institutions, including H&R Block, the FDIC, KPMG, and JP Morgan, and managed several successful acquisitions and integrations at Cboe.
Rahul Kanwar, President and Chief Operating Officer
Rahul Kanwar is the President and Chief Operating Officer of SS&C Technologies. He joined SS&C in 2005 when the company acquired the Eisnerfast LLC fund administration business from Eisner LLP, where he was responsible for managing and overseeing Eisnerfast LLC from 1998 onwards. Kanwar has been instrumental in the growth of SS&C's fund administration business through organic growth and acquisitions. He has significant audit experience in the financial services industry, particularly with hedge funds and brokers and dealers in securities.
Jason White, Senior Vice President, General Counsel, Chief Legal Officer and Corporate Secretary
Jason White serves as Senior Vice President, General Counsel, Chief Legal Officer, and Corporate Secretary at SS&C Technologies.
Anthony Caiafa, Chief Technology Officer
Anthony Caiafa serves as the Chief Technology Officer at SS&C Technologies.
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```htmlKey Risks for SS&C Technologies (SSNC)
-
Macroeconomic Uncertainty and Financial Market Volatility
SS&C Technologies is highly susceptible to external macroeconomic headwinds and volatility in financial markets. Global economic uncertainty, geopolitical instability, and broad macroeconomic shifts can directly impact the assets under administration (AUA) or assets under management (AUM) that SS&C services, as well as fund flows and deal volumes, which are core revenue drivers for its financial services clients. Currency fluctuations also pose a risk due to the company's significant international operations, with only 73% of its 2024 revenue coming from North America.
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Acquisition and Integration Risks
A central component of SS&C's growth strategy is through acquisitions and cross-selling. However, the successful integration of newly acquired businesses, such as Calastone, presents a significant operational and strategic risk. If these integrations are not executed effectively, there is a heightened risk of client churn and a failure to realize the anticipated revenue synergies and other benefits from these acquisitions.
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Substantial Indebtedness and Related Financial Risks
SS&C Technologies operates with a substantial amount of indebtedness. As of Q3 2025, the company had approximately $6.2 billion in net debt. This significant debt load makes the company's financial performance sensitive to changes in debt financing costs. Furthermore, restrictive covenants within the agreements governing its indebtedness may impose limitations on SS&C's ability to pursue certain business strategies. While the company actively manages its debt, this remains a persistent financial risk.
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SS&C Technologies Holdings, Inc. (SSNC) operates within substantial addressable markets across both the financial services and healthcare industries. The company's diverse offerings contribute to several large and growing market segments globally.
Financial Services Software Market
- The global financial services software market size was valued at approximately USD 122.74 billion in 2023 and is projected to reach USD 235.07 billion by 2031.
- Another estimate places the global market at USD 118.65 billion in 2021, with a projection to reach USD 282.71 billion by 2031.
- North America represented the largest share of this market, valued at USD 40.36 billion in 2023.
Healthcare IT Market
- The global healthcare IT market was estimated at USD 866.48 billion in 2025 and is expected to grow to USD 2,864.39 billion by 2033.
- Another report suggests the global healthcare IT market size was USD 354.04 billion in 2025 and is projected to reach USD 1,380.51 billion by 2034.
- North America held a significant share of the healthcare IT market, valued at USD 153.07 billion in 2025, representing 43.23% of the global revenue.
Wealth Management Technology Market
- The global wealth management platform market size was valued at USD 3.73 billion in 2025 and is projected to grow to USD 9.99 billion by 2034.
- The broader Wealth Tech Solution market size stood at USD 6.92 billion in 2025 and is projected to reach USD 13.52 billion by 2030.
- North America dominated the global wealth management platform market with a 33.10% share in 2025 and accounts for 38% of global wealth management software market volume.
Fund Administration Services Market
- The global fund administration services market size reached USD 12.9 billion in 2024 and is projected to reach USD 25.8 billion by 2033.
- North America was the largest regional market for these services, accounting for approximately USD 5.3 billion in 2024.
- The fund accounting software market alone was valued at USD 3.5 billion in 2023 and is estimated to grow at a CAGR of over 6% between 2024 and 2032.
Investment Accounting Software Market
- The global investment accounting software market is projected to reach USD 5.95 billion by 2025.
- Another estimate indicates the market is expected to grow from USD 4.98 billion in 2025 to USD 14.07 billion by 2032.
- North America is expected to hold approximately 40% of the investment accounting software market share.
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```htmlExpected Drivers of Future Revenue Growth for SS&C Technologies (SSNC)
SS&C Technologies (SSNC) is positioned for future revenue growth over the next 2-3 years, driven by several strategic initiatives and market trends:
- Strategic Acquisitions: SS&C has a consistent history of growth through strategic acquisitions that expand its product portfolio and market reach. Notable recent planned acquisitions, such as Calastone (expected in Q4 2025) and Battea Class Action Services (September 2024), are anticipated to significantly broaden SS&C's global network, market penetration, and service offerings, particularly in fund administration, settlement recovery, and global funds network capabilities.
- Expansion of Software-Enabled Services and Outsourcing: The increasing demand for SS&C's software-enabled services presents a significant opportunity to grow its client base as clients shift away from legacy solutions. The company's business model is built on recurring financial services revenue, with its GlobeOp and Global Investor and Distribution Services (GIDS) segments showing strong performance. Recurring revenue in financial services grew 6.7% in Q3 2025, and consistent client outsourcing trends are expected to continue driving top-line gains.
- Technological Innovation and AI Integration: SS&C is actively investing in artificial intelligence (AI) strategies, evidenced by its first AI agent sale to an insurance conglomerate in Q2 2025. Management views AI and automation as key growth drivers that will enhance efficiency, scalability, and competitive differentiation. The integration of AI-driven automation platforms, such as Blue Prism (acquired in 2022), is expected to improve operational efficiency and expand net margins.
- Global Market Penetration: The company is focused on international growth opportunities, with non-North American revenues accounting for 27% in 2024. Strategic acquisitions, like Calastone, are expected to significantly expand its global footprint. SS&C has observed strong growth in international markets, particularly in Europe, Australia, and the Middle East, including new superannuation mandates in Australia, which are contributing to new revenue streams.
- Growth in Alternative Investments and Cloud-Based Solutions: The increasing popularity of alternative investment strategies is driving demand for SS&C's specialized software and services, including solutions for hedge fund administration and private equity. Additionally, the ongoing shift towards cloud technology within the financial services industry serves as a major tailwind, enabling SS&C to provide scalable and cost-effective solutions to its clients.
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Capital Allocation Decisions (Last 3-5 Years) for SS&C Technologies (SSNC)
Share Repurchases
- In 2025, SS&C Technologies allocated over $1 billion towards share repurchases, acquiring 12.3 million shares at an average price of $84.12 per share.
- The company repurchased 4.9 million shares for $365 million at an average price of $74.46 per share in 2024.
- For 2023, $472 million was allocated towards stock buybacks, with 2.4 million shares repurchased for $131 million at an average price of $54.74 per share in Q4.
- In May 2025, the board authorized a renewal and 50% increase of its stock repurchase program, allowing for repurchases of up to $1.5 billion of outstanding common stock.
Share Issuance
- The diluted share count for SS&C Technologies decreased from 254.5 million in Q4 2024 to 251.5 million in Q4 2025, primarily as a result of share repurchases.
- SS&C Technologies Holdings' shares outstanding saw a decline of 0.28% in 2025 from 2024 (0.253 billion shares) and a 0.28% decline in 2024 from 2023 (0.254 billion shares), indicating a net reduction in shares.
Outbound Investments
- In 2025, SS&C acquired Calastone Limited for $1,030.0 million, and the acquisition closed on October 14, 2025. SS&C also acquired Curo Fund Services, a South African fund administration business, in September 2025.
- During 2024, the company acquired Battea-Class Action Services for $671.0 million. SS&C also entered into an initial strategic lift-out agreement with Insignia Financial to provide superannuation member administrative services in Australia.
- In 2022, SS&C acquired Blue Prism for $1.6 billion, and completed tuck-in acquisitions including Hubwise, Mineralware, O'Shares ETFs, Tier1, and Complete Financial Ops.
Capital Expenditures
- In Q4 2025, SS&C Technologies invested $10.5 million in capital expenditures.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 117.14 |
| Mkt Cap | 22.8 |
| Rev LTM | 6,864 |
| Op Inc LTM | 1,477 |
| FCF LTM | 1,358 |
| FCF 3Y Avg | 1,143 |
| CFO LTM | 1,481 |
| CFO 3Y Avg | 1,332 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.8% |
| Rev Chg 3Y Avg | 6.7% |
| Rev Chg Q | 10.8% |
| QoQ Delta Rev Chg LTM | 2.6% |
| Op Inc Chg LTM | 10.7% |
| Op Inc Chg 3Y Avg | 13.3% |
| Op Mgn LTM | 24.5% |
| Op Mgn 3Y Avg | 25.9% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 28.1% |
| CFO/Rev 3Y Avg | 25.8% |
| FCF/Rev LTM | 21.2% |
| FCF/Rev 3Y Avg | 20.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 22.8 |
| P/S | 2.9 |
| P/Op Inc | 13.4 |
| P/EBIT | 11.3 |
| P/E | 15.3 |
| P/CFO | 10.8 |
| Total Yield | 7.3% |
| Dividend Yield | 1.2% |
| FCF Yield 3Y Avg | 5.2% |
| D/E | 0.3 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 3.2% |
| 3M Rtn | 2.3% |
| 6M Rtn | -6.3% |
| 12M Rtn | -2.1% |
| 3Y Rtn | 23.7% |
| 1M Excs Rtn | 4.0% |
| 3M Excs Rtn | -9.8% |
| 6M Excs Rtn | -13.1% |
| 12M Excs Rtn | -26.7% |
| 3Y Excs Rtn | -47.0% |
Price Behavior
| Market Price | $67.68 | |
| Market Cap ($ Bil) | 16.3 | |
| First Trading Date | 03/31/2010 | |
| Distance from 52W High | -24.1% | |
| 50 Days | 200 Days | |
| DMA Price | $68.24 | $78.23 |
| DMA Trend | down | down |
| Distance from DMA | -0.8% | -13.5% |
| 3M | 1YR | |
| Volatility | 26.3% | 24.2% |
| Downside Capture | 51.05 | 93.65 |
| Upside Capture | 11.03 | 51.34 |
| Correlation (SPY) | 19.5% | 33.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.08 | 0.39 | 0.46 | 0.71 | 0.74 | 0.82 |
| Up Beta | 0.60 | 0.71 | 0.53 | 0.66 | 0.73 | 0.78 |
| Down Beta | 1.41 | 0.66 | 0.69 | 0.57 | 0.70 | 0.83 |
| Up Capture | -41% | 5% | 6% | 34% | 42% | 50% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 9 | 22 | 31 | 60 | 133 | 410 |
| Down Capture | -31% | 25% | 75% | 120% | 104% | 96% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 11 | 19 | 32 | 64 | 116 | 339 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SSNC | |
|---|---|---|---|---|
| SSNC | -15.6% | 24.3% | -0.74 | - |
| Sector ETF (XLK) | 54.9% | 22.5% | 1.86 | 20.2% |
| Equity (SPY) | 24.9% | 12.3% | 1.52 | 34.0% |
| Gold (GLD) | 25.5% | 27.4% | 0.81 | -7.3% |
| Commodities (DBC) | 30.1% | 19.0% | 1.25 | -17.6% |
| Real Estate (VNQ) | 13.5% | 13.5% | 0.69 | 30.0% |
| Bitcoin (BTCUSD) | -41.7% | 42.2% | -1.16 | 18.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SSNC | |
|---|---|---|---|---|
| SSNC | 0.0% | 24.2% | -0.03 | - |
| Sector ETF (XLK) | 22.4% | 25.1% | 0.79 | 53.2% |
| Equity (SPY) | 13.5% | 17.1% | 0.61 | 64.5% |
| Gold (GLD) | 16.8% | 18.2% | 0.75 | 4.0% |
| Commodities (DBC) | 8.4% | 19.4% | 0.33 | 9.2% |
| Real Estate (VNQ) | 2.8% | 18.8% | 0.05 | 58.5% |
| Bitcoin (BTCUSD) | 13.6% | 54.4% | 0.44 | 25.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SSNC | |
|---|---|---|---|---|
| SSNC | 9.4% | 28.2% | 0.36 | - |
| Sector ETF (XLK) | 25.1% | 24.6% | 0.92 | 59.5% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 66.6% |
| Gold (GLD) | 12.5% | 16.1% | 0.64 | 2.2% |
| Commodities (DBC) | 6.7% | 18.0% | 0.29 | 21.0% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 55.5% |
| Bitcoin (BTCUSD) | 60.3% | 66.8% | 1.00 | 16.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/23/2026 | -4.0% | -1.1% | -4.3% |
| 2/5/2026 | 3.2% | -5.1% | -0.4% |
| 10/23/2025 | 4.6% | 3.4% | 3.7% |
| 7/23/2025 | 2.6% | 2.1% | 6.0% |
| 4/24/2025 | -6.1% | -2.3% | 3.0% |
| 2/6/2025 | 6.0% | 8.3% | 1.6% |
| 10/24/2024 | -6.8% | -6.9% | 1.3% |
| 7/25/2024 | 6.3% | 6.1% | 8.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 13 | 16 |
| # Negative | 11 | 11 | 8 |
| Median Positive | 4.6% | 3.4% | 3.7% |
| Median Negative | -5.1% | -2.7% | -4.7% |
| Max Positive | 6.3% | 8.3% | 14.8% |
| Max Negative | -6.8% | -8.5% | -9.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 03/03/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/01/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
Recent Forward Guidance
Updated 6/1/2026Latest: Q1 2026 Earnings Reported 4/23/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | 1.64 Bil | 1.66 Bil | 1.68 Bil | 2.0% | Raised | Guidance: 1.63 Bil for Q1 2026 | |
| Q2 2026 Net Income | 408.00 Mil | 416.00 Mil | 424.00 Mil | 1.0% | Raised | Guidance: 412.00 Mil for Q1 2026 | |
| Q2 2026 EPS | 1.64 | 1.67 | 1.7 | 1.2% | Raised | Guidance: 1.65 for Q1 2026 | |
| 2026 Revenue | 6.66 Bil | 6.74 Bil | 6.82 Bil | 0.1% | Raised | Guidance: 6.73 Bil for 2026 | |
| 2026 Net Income | 1.67 Bil | 1.72 Bil | 1.76 Bil | 0.2% | Raised | Guidance: 1.71 Bil for 2026 | |
| 2026 EPS | 6.74 | 6.9 | 7.06 | 0.6% | Raised | Guidance: 6.86 for 2026 | |
| 2026 Free Cash Flow | 1.71 Bil | 1.76 Bil | 1.81 Bil | 0 | Affirmed | Guidance: 1.76 Bil for 2026 | |
| 2026 Capital Expenditures | 0.04 | 0.05 | 0.05 | 0 | Affirmed | Guidance: 0.05 for 2026 | |
Prior: Q4 2025 Earnings Reported 2/5/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | 1.61 Bil | 1.63 Bil | 1.65 Bil | 1.1% | Raised | Guidance: 1.61 Bil for Q4 2025 | |
| Q1 2026 Net Income | 404.00 Mil | 412.00 Mil | 420.00 Mil | 2.5% | Raised | Guidance: 402.00 Mil for Q4 2025 | |
| Q1 2026 EPS | 1.62 | 1.65 | 1.68 | 3.8% | Raised | Guidance: 1.59 for Q4 2025 | |
| 2026 Revenue | 6.65 Bil | 6.73 Bil | 6.81 Bil | 8.1% | Raised | Guidance: 6.23 Bil for 2025 | |
| 2026 Net Income | 1.66 Bil | 1.71 Bil | 1.76 Bil | 11.9% | Raised | Guidance: 1.53 Bil for 2025 | |
| 2026 EPS | 6.7 | 6.86 | 7.02 | 13.4% | Raised | Guidance: 6.05 for 2025 | |
| 2026 Free Cash Flow | 1.71 Bil | 1.76 Bil | 1.81 Bil | 14.1% | Raised | Guidance: 1.54 Bil for 2025 | |
| 2026 Capital Expenditures | 0.04 | 0.05 | 0.05 | ||||
Insider Activity
Updated 5/22/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Zamkow, Michael Jay | Direct | Sell | 5222026 | 66.68 | 3,000 | 200,043 | 1,227,195 | Form | |
| 2 | Zamkow, Michael Jay | Direct | Sell | 5222026 | 66.78 | 3,000 | 200,353 | 1,056,796 | Form | |
| 3 | Michael, Jonathan E | Direct | Sell | 5222026 | 66.86 | 2,740 | 183,196 | 5,307,614 | Form | |
| 4 | Boulanger, Normand A | Direct | Sell | 11262025 | 85.85 | 150,000 | 12,878,130 | 33,219,050 | Form | |
| 5 | Zamkow, Michael Jay | Direct | Sell | 5152025 | 79.92 | 12,500 | 999,000 | 997,082 | Form |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Application Software Resources |
| Capterra |
| Software Advice |
| InfoWorld |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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