SSNC

SS&C Technologies Holdings Inc

TMT, Finance/Real Estate


Presented:01/19/2018
Price:$49.98
Cap:$10.61B
Current Price:$76.00
Cap:$18.65B

Presented

Date01/19/2018
Price$49.98
Market Cap$10.61B
Ent Value$10.64B
P/E Ratio47.6x
Book Value$12.18
Div Yield0.56%
Shares O/S212.36M
Ave Daily Vol1,279,026
Short Int5.25%

Current

Price$76.00
Market Cap$18.65B
SS&C Technologies Holdings, Inc. engages in the development and provision of software solutions. Its portfolio of products provides functions including trading and modeling, middle-office functions such as portfolio management and reporting, and back-office functions such as accounting, performance measurement, reconciliation, reporting, processing and clearing. It caters to the institutional asset and wealth management, alternative investment management, financial advisory, and financial institutions vertical markets. It operates through the following geographical segments: United States; Canada; Americas excluding United States and Canada; United Kingdom; Europe Excluding United Kingdom; and Asia-Pacific and Japan. . The company was founded by William C. Stone in February 1986 and is headquartered in Windsor, CT.

Publicly traded companies mentioned herein: DST Systems Inc (DST), Kansas City Southern (KSU), SS&C Technologies Holdings Inc (SSNC)

Highlights

The presenter is long shares of SS&C Technologies (SSNC), the largest hedge fund administrator in the world, and sees additional upside from its announced acquisition of DST Systems beyond consensus estimates and management guidance. With the stock trading at ~$50, and the potential for 25% earnings accretion, there could be ~45% upside for SSNC shareholders by 2020 as DST’s margins come in ahead of current expectations.

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Idea Discussion

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