Ss&c Technologies Stock Intrinsic Value – SS&C TECHNOLOGIES Reports Q2 FY2023 Earnings Results

🌥️Earnings Overview

On July 27 2023, SS&C TECHNOLOGIES ($NASDAQ:SSNC) announced its earnings results for the second quarter of FY2023, which closed on June 30 2023. The company reported total revenue of USD 1362.6 million for the quarter, a 2.6% rise from the same quarter of the previous year. Additionally, net income was USD 130.7 million, a year-over-year increase of 18.2%.

Market Price

SS&C TECHNOLOGIES reported its earnings results for the second quarter of fiscal year 2023 on Thursday. The company’s stock opened at $62.9 and closed at $61.4, representing a decrease of 2.1% from its prior closing price of $62.8. The company’s financial performance for the quarter was in line with analysts’ expectations, but the stock did not react positively to the news due to the investor sentiment in the market.

In addition, SS&C TECHNOLOGIES announced that it would be launching new products and services to meet customer needs in the upcoming months. The company remains confident in its outlook for the future and continues to focus on innovation and customer service initiatives. SS&C TECHNOLOGIES is committed to delivering value to its shareholders by actively managing its portfolio and striving to improve operational efficiency. Despite the challenges posed by market conditions, SS&C TECHNOLOGIES remains focused on its growth strategy and is hopeful for a positive outcome in the coming quarters. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Ss&c Technologies. More…

Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Ss&c Technologies. More…

Key Ratios Snapshot

Some of the financial key ratios for Ss&c Technologies are shown below. More…

Analysis – Ss&c Technologies Stock Intrinsic Value

At GoodWhale, we have conducted an in-depth analysis of SS&C TECHNOLOGIES‘ wellbeing. Our proprietary Valuation Line returned a fair value of $70.9 for the company’s stock. However, at the current market price of $61.4, the stock is undervalued by 13.3%. This presents an attractive opportunity for investors, as SS&C TECHNOLOGIES shares may be bought at a lower price than their intrinsic worth. We believe it is a great time to invest in SS&C TECHNOLOGIES due to the potential upside. More…

Peers

SS&C Technologies Holdings Inc is a financial services company that provides software and services to the investment and financial services industry. The company operates in three segments: Investment Management, Portfolio Analytics, and Data Management. SS&C Technologies Holdings Inc has a market cap of $13.54 billion and is headquartered in Windsor, Connecticut.

The company’s primary competitors are Linkage Software Co Ltd, GetBusy PLC, and Workday Inc.

– Linkage Software Co Ltd ($SHSE:688588)

As of 2022, Linkage Software Co Ltd has a market cap of 4.01B and a Return on Equity of 7.4%. The company specializes in software development and related services. Its products are used by organizations of all sizes, from small businesses to Fortune 500 companies. Linkage is a publicly traded company listed on the Tokyo Stock Exchange.

– GetBusy PLC ($LSE:GETB)

Busy PLC is a provider of accounting and business software solutions for small and medium-sized businesses. The company has a market capitalization of 28.07 million as of 2022 and a return on equity of 38.82%. The company’s products are designed to automate accounting and business processes, making it easier for businesses to manage their finances and operations. Busy PLC also offers a range of services to support its customers, including training, implementation, and technical support.

– Workday Inc ($NASDAQ:WDAY)

Workday is a leading provider of enterprise cloud applications for finance and human resources. Founded in 2005, Workday delivers financial management, human capital management, and analytics applications designed for the world’s largest companies, educational institutions, and government agencies. More than 1,000 organizations, ranging from medium-sized businesses to Fortune 50 enterprises, have adopted Workday.

Summary

Investors in SS&C Technologies should be encouraged by the company’s second quarter results for FY 2023. Total revenues increased by 2.6% compared to the same period in the previous year, while net income grew 18.2% year over year. The strong performance suggests that the company is on the right track, and investors may want to consider looking further into SS&C Technologies’ financials. The company’s overall financial health and growth rate should be monitored closely as it navigates the challenging economic landscape.