SS&C Technologies Holdings, Inc. (SSNC, Financial) has announced impressive results for the second quarter, reporting revenue of $1.537 billion, surpassing the market consensus of $1.51 billion. These results reflect record adjusted revenues alongside a significant milestone in adjusted consolidated EBITDA, which exceeded $600 million.
The company's leadership remains optimistic about future prospects, particularly in Europe, the Middle East, and Australia. The recent acquisition of Calastone is expected to enhance SSNC’s reach in new markets, as well as bolster its ETF and digital asset capabilities, providing additional cross-selling opportunities.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for SS&C Technologies Holdings Inc (SSNC, Financial) is $93.71 with a high estimate of $105.00 and a low estimate of $75.00. The average target implies an upside of 12.00% from the current price of $83.67. More detailed estimate data can be found on the SS&C Technologies Holdings Inc (SSNC) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, SS&C Technologies Holdings Inc's (SSNC, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for SS&C Technologies Holdings Inc (SSNC, Financial) in one year is $72.41, suggesting a downside of 13.46% from the current price of $83.67. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the SS&C Technologies Holdings Inc (SSNC) Summary page.
