SS&C Technologies Holdings
SS&C Technologies Holdings, Inc. provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The last earnings update was 20 days ago. More info.
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- SS&C Technologies Holdings has significant price volatility in the past 3 months.
SSNC Share Price and Events
7 Day Returns
1 Year Returns
SSNC Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| SS&C Technologies Holdings (SSNC) | -1.6% | 2.8% | 46.4% | 18.5% | 103.8% | 216.8% |
| US Software | 2.4% | 5.5% | 19.8% | 25.6% | 110.4% | 139.4% |
| US Market | 1.2% | 2.1% | 14.6% | 3% | 39% | 43.5% |
1 Year Return vs Industry and Market
- SSNC underperformed the Software industry which returned 25.6% over the past year.
- SSNC outperformed the Market in United States of America which returned 3% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
SS&C Technologies Holdings
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for SS&C Technologies Holdings.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 14 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 11.1% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Software Unlevered Beta | Simply Wall St/ S&P Global | 1.14 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.141 (1 + (1- 21%) (52.71%)) |
1.413 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.41 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.413 * 5.96%) |
11.15% |
Discounted Cash Flow Calculation for NasdaqGS:SSNC using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for SS&C Technologies Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 11.15%) |
|
|---|---|---|---|
| 2019 | 1,125.75 | Analyst x4 | 1,012.83 |
| 2020 | 1,352.85 | Analyst x4 | 1,095.07 |
| 2021 | 1,388.00 | Analyst x1 | 1,010.82 |
| 2022 | 1,486.00 | Analyst x1 | 973.64 |
| 2023 | 1,586.00 | Analyst x1 | 934.93 |
| 2024 | 1,659.95 | Est @ 4.66% | 880.37 |
| 2025 | 1,727.73 | Est @ 4.08% | 824.41 |
| 2026 | 1,791.26 | Est @ 3.68% | 768.99 |
| 2027 | 1,852.03 | Est @ 3.39% | 715.33 |
| 2028 | 1,911.19 | Est @ 3.19% | 664.13 |
| Present value of next 10 years cash flows | $8,880.53 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $1,911.19 × (1 + 2.73%) ÷ (11.15% – 2.73%) |
$23,321.19 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $23,321.19 ÷ (1 + 11.15%)10 |
$8,104.07 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $8,880.53 + $8,104.07 |
$16,984.60 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $16,984.60 / 252.10 |
$67.37 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $67.37 |
| Current discount | Discount to share price of
$62.13
= -1 x ($62.13 - $67.37) / $67.37 |
7.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- SS&C Technologies Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- SS&C Technologies Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for SS&C Technologies Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
SS&C Technologies Holdings's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $0.44 |
| NasdaqGS:SSNC Share Price ** | NasdaqGS (2019-03-20) in USD | $62.13 |
| United States of America Software Industry PE Ratio | Median Figure of 84 Publicly-Listed Software Companies | 53.03x |
| United States of America Market PE Ratio | Median Figure of 3,058 Publicly-Listed Companies | 17.69x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of SS&C Technologies Holdings.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:SSNC Share Price ÷ EPS (both in USD) = 62.13 ÷ 0.44 |
139.97x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- SS&C Technologies Holdings is overvalued based on earnings compared to the US Software industry average.
- SS&C Technologies Holdings is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
SS&C Technologies Holdings's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 139.97x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts |
21.1%per year |
| United States of America Software Industry PEG Ratio | Median Figure of 66 Publicly-Listed Software Companies | 3.6x |
| United States of America Market PEG Ratio | Median Figure of 2,103 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 139.97x ÷ 21.1% |
6.63x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- SS&C Technologies Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
SS&C Technologies Holdings's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $18.26 |
| NasdaqGS:SSNC Share Price * | NasdaqGS (2019-03-20) in USD | $62.13 |
| United States of America Software Industry PB Ratio | Median Figure of 220 Publicly-Listed Software Companies | 5.84x |
| United States of America Market PB Ratio | Median Figure of 5,156 Publicly-Listed Companies | 1.89x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:SSNC Share Price ÷ Book Value per Share (both in USD) = 62.13 ÷ 18.26 |
3.4x |
* Primary Listing of SS&C Technologies Holdings.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- SS&C Technologies Holdings is good value based on assets compared to the US Software industry average.
Value checks
We assess SS&C Technologies Holdings's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Software industry average (and greater than 0)? (1 check) SS&C Technologies Holdings has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- SS&C Technologies Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- SS&C Technologies Holdings's earnings growth is expected to exceed the United States of America market average.
- SS&C Technologies Holdings's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:SSNC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts | 21.1% |
| NasdaqGS:SSNC Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts | 7.7% |
| United States of America Software Industry Earnings Growth Rate | Market Cap Weighted Average | 16.1% |
| United States of America Software Industry Revenue Growth Rate | Market Cap Weighted Average | 10.9% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 5,522 | 933 | 1 | |
| 2022-12-31 | 5,321 | 835 | 1 | |
| 2021-12-31 | 5,111 | 725 | 4 | |
| 2020-12-31 | 4,952 | 1,377 | 707 | 13 |
| 2019-12-31 | 4,745 | 1,132 | 500 | 13 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 3,421 | 640 | 103 |
| 2018-09-30 | 2,748 | 484 | 210 |
| 2018-06-30 | 2,174 | 395 | 217 |
| 2018-03-31 | 1,690 | 482 | 332 |
| 2017-12-31 | 1,675 | 472 | 329 |
| 2017-09-30 | 1,638 | 490 | 221 |
| 2017-06-30 | 1,603 | 474 | 195 |
| 2017-03-31 | 1,565 | 458 | 172 |
| 2016-12-31 | 1,481 | 418 | 131 |
| 2016-09-30 | 1,381 | 347 | 86 |
| 2016-06-30 | 1,279 | 269 | 13 |
| 2016-03-31 | 1,119 | 218 | 24 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
All data from SS&C Technologies Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 3.35 | 3.35 | 3.35 | 1.00 |
| 2022-12-31 | 3.00 | 3.00 | 3.00 | 1.00 |
| 2021-12-31 | 2.61 | 2.66 | 2.57 | 2.00 |
| 2020-12-31 | 2.23 | 2.38 | 2.07 | 5.00 |
| 2019-12-31 | 1.79 | 1.93 | 1.60 | 5.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.44 |
| 2018-09-30 | 0.94 |
| 2018-06-30 | 1.01 |
| 2018-03-31 | 1.61 |
| 2017-12-31 | 1.61 |
| 2017-09-30 | 1.08 |
| 2017-06-30 | 0.96 |
| 2017-03-31 | 0.85 |
| 2016-12-31 | 0.65 |
| 2016-09-30 | 0.43 |
| 2016-06-30 | 0.06 |
| 2016-03-31 | 0.12 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- SS&C Technologies Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess SS&C Technologies Holdings's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
SS&C Technologies Holdings has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has SS&C Technologies Holdings performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- SS&C Technologies Holdings's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
- SS&C Technologies Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- SS&C Technologies Holdings's 1-year earnings growth is negative, it can't be compared to the US Software industry average.
Earnings and Revenue History
All data from SS&C Technologies Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 3,421.10 | 103.20 | 513.80 | 305.50 |
| 2018-09-30 | 2,748.50 | 209.86 | 419.62 | 242.33 |
| 2018-06-30 | 2,174.30 | 217.06 | 333.72 | 194.33 |
| 2018-03-31 | 1,689.53 | 331.97 | 243.13 | 153.80 |
| 2017-12-31 | 1,675.30 | 328.90 | 238.10 | 153.30 |
| 2017-09-30 | 1,637.82 | 220.52 | 240.00 | 152.61 |
| 2017-06-30 | 1,602.93 | 195.07 | 243.57 | 152.92 |
| 2017-03-31 | 1,565.00 | 172.14 | 241.08 | 154.69 |
| 2016-12-31 | 1,481.40 | 131.00 | 239.60 | 152.70 |
| 2016-09-30 | 1,381.40 | 86.07 | 221.48 | 150.87 |
| 2016-06-30 | 1,278.99 | 12.71 | 237.49 | 150.56 |
| 2016-03-31 | 1,118.68 | 23.62 | 209.15 | 127.25 |
| 2015-12-31 | 1,000.29 | 42.86 | 192.78 | 110.42 |
| 2015-09-30 | 900.13 | 67.37 | 160.46 | 90.34 |
| 2015-06-30 | 811.83 | 142.81 | 106.69 | 66.89 |
| 2015-03-31 | 787.79 | 130.93 | 106.46 | 63.31 |
| 2014-12-31 | 767.86 | 131.13 | 99.47 | 57.29 |
| 2014-09-30 | 749.65 | 121.40 | 96.78 | 54.77 |
| 2014-06-30 | 736.56 | 124.04 | 96.19 | 53.95 |
| 2014-03-31 | 725.29 | 122.91 | 90.79 | 53.65 |
| 2013-12-31 | 712.70 | 117.90 | 87.07 | 53.86 |
| 2013-09-30 | 701.94 | 107.10 | 83.57 | 53.86 |
| 2013-06-30 | 687.99 | 81.25 | 81.88 | 53.94 |
| 2013-03-31 | 631.39 | 49.37 | 76.67 | 50.94 |
| 2012-12-31 | 551.84 | 45.82 | 68.66 | 45.78 |
| 2012-09-30 | 475.78 | 43.00 | 64.19 | 41.78 |
| 2012-06-30 | 404.54 | 40.28 | 57.98 | 37.91 |
| 2012-03-31 | 375.50 | 59.07 | 55.64 | 36.32 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- SS&C Technologies Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- SS&C Technologies Holdings used its assets less efficiently than the US Software industry average last year based on Return on Assets.
- SS&C Technologies Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess SS&C Technologies Holdings's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
SS&C Technologies Holdings has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is SS&C Technologies Holdings's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up SS&C Technologies Holdings's finances.
The net worth of a company is the difference between its assets and liabilities.
- SS&C Technologies Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- SS&C Technologies Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from SS&C Technologies Holdings Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 4,580.00 | 8,256.00 | 166.70 |
| 2018-09-30 | 4,223.00 | 6,686.10 | 732.20 |
| 2018-06-30 | 4,203.70 | 6,910.30 | 785.10 |
| 2018-03-31 | 2,815.91 | 1,986.57 | 74.08 |
| 2017-12-31 | 2,686.40 | 2,045.20 | 64.10 |
| 2017-09-30 | 2,507.64 | 2,217.21 | 103.28 |
| 2017-06-30 | 2,418.18 | 2,298.97 | 90.37 |
| 2017-03-31 | 2,329.07 | 2,444.55 | 108.84 |
| 2016-12-31 | 2,258.58 | 2,501.13 | 117.56 |
| 2016-09-30 | 2,225.19 | 2,490.27 | 101.80 |
| 2016-06-30 | 2,164.43 | 2,600.85 | 95.22 |
| 2016-03-31 | 2,138.93 | 2,724.02 | 101.83 |
| 2015-12-31 | 2,105.45 | 2,751.35 | 434.16 |
| 2015-09-30 | 2,075.25 | 2,828.94 | 503.81 |
| 2015-06-30 | 2,117.51 | 465.61 | 729.81 |
| 2015-03-31 | 1,337.77 | 595.25 | 88.33 |
| 2014-12-31 | 1,346.67 | 619.74 | 109.58 |
| 2014-09-30 | 1,328.10 | 601.55 | 75.08 |
| 2014-06-30 | 1,313.94 | 668.20 | 73.52 |
| 2014-03-31 | 1,257.75 | 729.85 | 78.37 |
| 2013-12-31 | 1,231.71 | 774.51 | 84.47 |
| 2013-09-30 | 1,196.05 | 836.16 | 81.58 |
| 2013-06-30 | 1,115.57 | 910.81 | 60.59 |
| 2013-03-31 | 1,093.20 | 967.47 | 68.84 |
| 2012-12-31 | 1,075.50 | 1,012.14 | 86.16 |
| 2012-09-30 | 1,056.95 | 1,070.80 | 80.26 |
| 2012-06-30 | 1,007.17 | 1,147.06 | 134.47 |
| 2012-03-31 | 1,010.45 | 85.00 | 41.94 |
- SS&C Technologies Holdings's level of debt (180.3%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (62.8% vs 180.3% today).
- Debt is not well covered by operating cash flow (7.8%, less than 20% of total debt).
- Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).
Financial health checks
We assess SS&C Technologies Holdings's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) SS&C Technologies Holdings has a total score of 1/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is SS&C Technologies Holdings's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
SS&C Technologies Holdings
shares you are expected to receive
$13
in your first year as a dividend.
Dividend Amount
- SS&C Technologies Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
- SS&C Technologies Holdings's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
| United States of America Software Industry Average Dividend Yield | Market Cap Weighted Average of 24 Stocks | 1.5% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2004 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 0.41 | 3.00 |
| 2020-12-31 | 0.41 | 5.00 |
| 2019-12-31 | 0.40 | 5.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-01 | 0.400 | 0.644 |
| 2018-11-20 | 0.320 | 0.651 |
| 2018-08-23 | 0.320 | 0.606 |
| 2018-05-18 | 0.280 | 0.524 |
| 2018-05-10 | 0.280 | 0.570 |
| 2018-05-01 | 0.280 | 0.574 |
| 2017-11-16 | 0.280 | 0.598 |
| 2017-08-18 | 0.280 | 0.706 |
| 2017-05-17 | 0.250 | 0.652 |
| 2017-02-17 | 0.250 | 0.692 |
| 2016-11-17 | 0.250 | 0.812 |
| 2016-08-18 | 0.250 | 0.776 |
| 2016-05-18 | 0.250 | 0.827 |
| 2016-02-24 | 0.250 | 0.820 |
| 2015-11-20 | 0.250 | 0.783 |
| 2015-11-09 | 0.250 | 0.699 |
| 2015-11-02 | 0.250 | 0.697 |
| 2015-05-21 | 0.250 | 0.749 |
| 2015-02-19 | 0.250 | 0.811 |
| 2014-11-14 | 0.250 | 0.909 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- SS&C Technologies Holdings is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
- SS&C Technologies Holdings is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Income/ dividend checks
We assess SS&C Technologies Holdings's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can SS&C Technologies Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) SS&C Technologies Holdings has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $8,860,319 |
| AGE | 63 |
| TENURE AS CEO | 33.2 years |
CEO Bio
Mr. William C. Stone, also known as Bill, has been the Chief Executive Officer and Chairman of the Board of Directors of SS&C Technologies Holdings, Inc. and SS&C Technologies, Inc. since 1986. Mr. Stone founded SS&C Technologies Inc. and SS&C Technologies Holdings, Inc., in 1986. He served as the President of SS&C Technologies Holdings Inc. from 1986 to April 1997 and also from March 1999 to October 2004. He served as President of SS&C Technologies Inc. from March 1999 to October 2004 and also as its Secretary. Mr. Stone directed the financial services consulting practice of KPMG LLP in Hartford, Connecticut and served as Vice President of Administration and Special Investment services at Advest, Inc. He served as a New York Stock Exchange and Municipal Securities Rulemaking Board Principal and was an Associated Person with the Commodity Futures Trading Commission. He has been a Non Executive Director of GlobeOp Financial Services S.A since May 31, 2012. He serves as a Director of University of Connecticut Foundation Inc. He served as member of the Board of Advisors of the University of Connecticut 's School of Business. He has held National Association of Securities Dealers (NASD) securities series licenses 6, 7, 8 and 22. Mr. Stone received a Bachelor of Business Administration (BBA) in Accounting from Marquette University.
CEO Compensation
- Bill's compensation has been consistent with company performance over the past year.
- Bill's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the SS&C Technologies Holdings management team in years:
- The average tenure for the SS&C Technologies Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Bill Stone
Founder
$9M
63
33.2 yrs
Rahul Kanwar
President & COO
$5M
43
Patrick Pedonti
Senior VP & CFO
$3M
66
16.6 yrs
Anthony Caiafa
Chief Technology Officer
0.6 yrs
Justine Stone
Head of Investor Relations
Joe Frank
Chief Legal Officer and Global Head of M&A
52
1.1 yrs
Steve Kremidas
Senior VP & Chief Development Officer
Henry Toy
Managing Director of GlobeOp Canada
Jim Ramenda
Senior Vice President of Enterprise Risk
8.1 yrs
Christy Bremner
Senior Vice President of SS&C Institutional & Investment Management
Board of Directors Tenure
Average tenure and age of the SS&C Technologies Holdings board of directors in years:
- The tenure for the SS&C Technologies Holdings board of directors is about average.
Board of Directors
Norm Boulanger
Vice Chairman
$4M
56
0.6 yrs
Bill Stone
Founder
$9M
63
33.2 yrs
Jon Michael
Director
$66K
65
8.9 yrs
David Varsano
Director
$66K
56
8 yrs
Mike Daniels
Director
$58K
63
5.4 yrs
Michael Zamkow
Director
$56K
62
4.8 yrs
Smita Conjeevaram
Director
$59K
57
3.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 26. Dec 18 | Buy | Jonathan Michael | Individual | 21. Dec 18 | 21. Dec 18 | 97 | $43.19 | $4,189 | ||
| 19. Dec 18 | Buy | Joseph Frank | Individual | 18. Dec 18 | 18. Dec 18 | 1 | $44.45 | $28 | ||
| 21. Nov 18 | Buy | Jonathan Michael | Individual | 20. Nov 18 | 20. Nov 18 | 10,000 | $44.58 | $445,793 | ||
| 19. Nov 18 | Buy | Michael Zamkow | Individual | 15. Nov 18 | 15. Nov 18 | 22,100 | $47.53 | $1,050,358 | ||
| 14. Nov 18 | Buy | Smita Conjeevaram | Individual | 12. Nov 18 | 12. Nov 18 | 3,000 | $48.52 | $145,554 | ||
| 07. Nov 18 | Buy | Jonathan Michael | Individual | 05. Nov 18 | 05. Nov 18 | 600 | $49.79 | $29,876 | ||
| 20. Sep 18 | Buy | Joseph Frank | Individual | 19. Sep 18 | 19. Sep 18 | 14 | $55.18 | $755 | ||
| 15. May 18 | Buy | Jonathan Michael | Individual | 11. May 18 | 11. May 18 | 12,543 | $49.10 | $615,883 | ||
Management checks
We assess SS&C Technologies Holdings's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) SS&C Technologies Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Is It Time To Consider Buying SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)?
received a lot of attention from a substantial price increase on the NASDAQGS over the last few months. … With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price … However, could the stock still be trading at a relatively cheap price?
Simply Wall St - – Full articleIntroducing SS&C Technologies Holdings, The Stock That Zoomed 206% In The Last Five Years
One flawed but reasonable way to assess how sentiment around a company has changed, is to compare the earnings per share (EPS) with the share price. … SS&C Technologies Holdings's earnings per share are down 9.4% per year, despite strong share price performance over five years. … In contrast revenue growth of 30% per year is probably viewed as evidence that SS&C Technologies Holdings is growing, a real positive.
Simply Wall St - – Full articleDon't Sell SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Before You Read This
SS&C Technologies Holdings has a price to earnings ratio of 55.37, based on the last twelve months. … How Do I Calculate SS&C Technologies Holdings's Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleCalculating The Intrinsic Value Of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)
(NASDAQ:SSNC) from its intrinsic value? … by taking the expected future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model
Simply Wall St - – Full articleIs SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Excessively Paying Its CEO?
How Does Bill Stone's Compensation Compare With Similar Sized Companies. … has a market capitalization of US$11b, and pays its CEO total annual compensation worth US$8.9m. … While we always look at total compensation first, we note that the salary component is less, at US$875k.
Simply Wall St - – Full articleRead This Before Selling SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares
So shareholders might well want to know whether insiders have been buying or selling shares in SS&C Technologies Holdings, Inc. … SS&C Technologies Holdings Insider Transactions Over The Last Year. … Overall, SS&C Technologies Holdings insiders were net buyers last year
Simply Wall St - – Full articleWhat Should Investors Know About SS&C Technologies Holdings Inc's (NASDAQ:SSNC) Return On Capital?
This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … To understand SS&C Technologies Holdings’s capital returns we will look at a useful metric called return on capital employed. … What is Return on Capital Employed (ROCE)?
Simply Wall St - – Full articleAt US$46.72, Is SS&C Technologies Holdings Inc (NASDAQ:SSNC) Worth Looking At Closely?
Today we're going to take a look at the well-established SS&C Technologies Holdings Inc (NASDAQ:SSNC). … A question to answer is whether SS&C Technologies Holdings's current trading price of $46.72 reflective of the actual value of the? … Let’s take a look at SS&C Technologies Holdings’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleSS&C Technologies Holdings Inc (NASDAQ:SSNC): A Look At Return On Capital
and want a simplistic look at the return on SS&C Technologies Holdings Inc (NASDAQ:SSNC) stock. … SS&C Technologies Holdings stock represents an ownership share in the company. … To understand SS&C Technologies Holdings’s capital returns we will look at a useful metric called return on capital employed.
Simply Wall St - – Full articleIs SS&C Technologies Holdings Inc (NASDAQ:SSNC) Excessively Paying Its CEO?
Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor. … CEOs leading companies of similar size and profitability
Simply Wall St - – Full articleCompany Info
Description
SS&C Technologies Holdings, Inc. provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company’s products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing. It provides solutions to clients in institutional asset and wealth management, alternative investment management, brokerage, retirement, financial advisory, and financial institutions vertical markets, commercial lenders, real estate investment trusts, corporate treasury groups, insurance companies, pension funds, municipal finance groups, and real estate property managers. The company also offers health care solutions, such as claims adjudication, benefit management, care management, and business intelligence services to health care industry that include pharmacy, healthcare administration, and health optimization solutions, as well as provides professional and products support services. SS&C Technologies Holdings, Inc. was founded in 1986 and is headquartered in Windsor, Connecticut.
Details
| Name: | SS&C Technologies Holdings, Inc. |
| SSNC | |
| Exchange: | NasdaqGS |
| Founded: | 1986 |
| $15,662,914,722 | |
| 252,099,062 | |
| Website: | http://www.ssctech.com |
| Address: |
SS&C Technologies Holdings, Inc. 80 Lamberton Road, Windsor, Connecticut, 06095, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | SSNC | New Common Stock | Nasdaq Global Select | US | USD | 31. Mar 2010 | |
| DB | WGSA | New Common Stock | Deutsche Boerse AG | DE | EUR | 31. Mar 2010 | |
| LSE | 0L1G | New Common Stock | London Stock Exchange | GB | USD | 31. Mar 2010 |
Number of employees
Current staff
Industry
| Application Software | |
| Software |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/21 00:26 |
| End of day share price update: | 2019/03/20 00:00 |
| Last estimates confirmation: | 2019/03/06 |
| Last earnings filing: | 2019/03/01 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
