UBS Reiterates Buy Rating on SS&C Technologies Holdings, Inc. (SSNC)
UBS analyst Kevin McVeigh reiterated a Buy rating and $101.00 price target on SS&C Technologies Holdings, Inc. (NASDAQ: SSNC).
The analyst commented, "SS&C reported impressive Q326 results—10+ consecutive beats— highlighting 5.2% organic growth and flex its free cash flow strength amid 5% fewer shares because of repurchases. As expected, organic growth decelerated to 5.2% down from 7.6% in Q2 amid fewer license sales renewals. That said, we remind investors in Q325 SS&C offered 4.5% Q425 organic revenue growth only to deliver 5.3%. As such, we believe 4% Q426 as opposed to 5.2% in Q326 is likely conservative. While we monitor what we consider unfounded AI-fueled disruption fears, we remind investors SSNC operates at the core of regulated financial / insurance workflows amid complex, compliant solutions over multiple decades operating as systems of record. Additionally, medium-term we view internal efficiencies possible with the automation from BluePrism.The quarter saw slower growth in GIDS [6.3% vs. 8.9%], WIT [1.9% vs. 9.8%], and Intralinks [6.3% vs. 7.4%], partially offset by Healthcare acceleration. Record adjusted EBITDA of $674.8m grew 9% y/y with margin expanding 40bps y/y to +39.9% fueling ~15% y/y adjusted EPS to $1.78. 2026 guidance was narrowed, the revenue midpoint nudged to $6.756b [vs. $6.752b prior] and EPS raised to $7.14 [vs. $7.09 prior]. SS&C's alternatives franchise remains strong evidenced by AUA reaching ~$3.116t in Q326 up from $3.060t in Q226 and $2.628t in Q325, [+18.6% y/y growth and +1.8% q/q growth.] With 2Y forward P/E below 3YR avg despite a structurally higher margins and capital return, our BUY rating + $101 PT are unchanged."
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Shares of SS&C Technologies Holdings, Inc. closed at $89.54 yesterday.

