SS&C Technologies Holdings Inc
SSNC · Services-Prepackaged Software · 240.8M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $312M (gross $472M, SBC $160M)
Reference price $66.68 · est. market cap ~$16.1B — last insider sale, 2026-05-22 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B76Fund-administration software franchise with strong free cash flow and margins, offset by leverage.
Strengths
- Strong FCF and margins — FCF $1.66B (92nd), operating margin 22.9% (86th), FCF margin 26.5%
- Durable, sticky financial-services software base — per 10-K
- Steady growth — revenue +6.6%, net income +4.8%
Risks
- Elevated leverage — D/E 1.08 (78th), interest coverage 3.31
- Acquisition-driven growth and integration — per 10-K
- Tight liquidity — current ratio 1.07 (24th)
Notable findings
- Material weaknessand ● a material weakness in our internal controls could have a material adverse effect on us
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Exec changeRecent 8-K item 5.02 8-K ↗
- Insider sellingInsider selling — 3 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$583,592, last 6mo) Form 4 ↗
- Notable holderHeld by 5 notable fund(s): FMR LLC, STATE STREET CORP, CITADEL ADVISORS LLC +2 more (as of 2026-03-31)
- New fund positionNotable fund(s) opened this quarter: Bridgewater Associates, LP
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
48.2%
Operating margin
22.9%
Net margin
12.7%
Return on equity
11.6%
Return on assets
3.8%
ROIC
7.9%
Revenue growth (QoQ)
-0.4%
Net-income growth
4.8%
Debt / equity
1.1×
Net debt / EBITDA
3.2×
Interest coverage
3.3×
Current ratio
1.1×
Free cash flow
$1.7B
EBITDA
$2.1B
Tangible book value
-$6.3B
Cash & investments
$636M
Stock comp / revenue
4.1%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-22 | ZAMKOW MICHAEL JAY | Option exercise | 3.0K | $30.45 |
| 2026-05-22 | ZAMKOW MICHAEL JAY | Sell | 3.0K | $66.68 |
| 2026-05-20 | ZAMKOW MICHAEL JAY | Option exercise | 2.6K | — |
| 2026-05-20 | Walton Debra | Option exercise | 2.6K | — |
| 2026-05-20 | Varsano David | Option exercise | 2.6K | — |
| 2026-05-20 | Vanni d'Archirafi Francesco Paolo | Option exercise | 2.6K | — |
| 2026-05-20 | MICHAEL JONATHAN E | Option exercise | 6.0K | $30.45 |
| 2026-05-20 | MICHAEL JONATHAN E | Sell | 2.7K | $66.86 |
| 2026-05-20 | MICHAEL JONATHAN E | Option exercise | 2.6K | — |
| 2026-05-20 | Conjeevaram Smita | Option exercise | 2.6K | — |
| 2026-05-20 | ZAMKOW MICHAEL JAY | Option exercise | 3.0K | $30.45 |
| 2026-05-20 | BOULANGER NORMAND A | Option exercise | 2.6K | — |
| 2026-05-20 | ZAMKOW MICHAEL JAY | Sell | 3.0K | $66.78 |
| 2026-03-27 | Varsano David | Option exercise | 6.0K | $30.45 |
| 2026-03-24 | Vanni d'Archirafi Francesco Paolo | Option exercise | 1.2K | — |
| 2026-03-02 | White Jason Douglas | Option exercise | 6.6K | — |
| 2026-03-02 | White Jason Douglas | Tax withheld | 3.4K | $75.19 |
| 2026-03-02 | STONE WILLIAM C | Option exercise | 22K | — |
| 2026-03-02 | Kanwar Rahul | Option exercise | 18K | — |
| 2026-03-02 | Kanwar Rahul | Tax withheld | 9.7K | $75.19 |
| 2026-02-22 | Kanwar Rahul | Option exercise | 16K | — |
| 2026-02-22 | Kanwar Rahul | Tax withheld | 8.8K | $71.38 |
| 2026-02-22 | White Jason Douglas | Option exercise | 6.0K | — |
| 2026-02-22 | White Jason Douglas | Tax withheld | 3.0K | $71.38 |
| 2026-02-22 | Schell Brian N | Option exercise | 5.3K | — |
| 2026-02-22 | Schell Brian N | Tax withheld | 2.4K | $71.38 |
| 2026-02-22 | STONE WILLIAM C | Option exercise | 20K | — |
| 2026-02-14 | White Jason Douglas | Tax withheld | 1.7K | $72.09 |
| 2026-02-14 | White Jason Douglas | Option exercise | 4.3K | — |
| 2026-02-14 | Schell Brian N | Option exercise | 3.8K | — |
| 2026-02-14 | Schell Brian N | Tax withheld | 1.8K | $72.09 |
| 2026-02-14 | Kanwar Rahul | Option exercise | 11K | — |
| 2026-02-14 | Kanwar Rahul | Tax withheld | 4.7K | $72.09 |
| 2026-02-14 | STONE WILLIAM C | Option exercise | 14K | — |
| 2026-02-13 | White Jason Douglas | Tax withheld | 40K | $72.09 |
| 2026-02-13 | Kanwar Rahul | Option exercise | 211K | — |
| 2026-02-13 | Kanwar Rahul | Tax withheld | 116K | $72.09 |
| 2026-02-13 | Schell Brian N | Tax withheld | 33K | $72.09 |
| 2026-02-13 | Schell Brian N | Option exercise | 74K | — |
| 2026-02-13 | STONE WILLIAM C | Option exercise | 263K | — |
| 2026-02-13 | White Jason Douglas | Option exercise | 79K | — |
| 2025-12-23 | STONE WILLIAM C | Gift | 148K | — |
| 2025-11-25 | BOULANGER NORMAND A | Option exercise | 200K | $33.89 |
| 2025-11-25 | BOULANGER NORMAND A | Sell | 150K | $85.85 |
| 2025-10-13 | STONE WILLIAM C | Option exercise | 420K | $33.89 |
| 2025-08-15 | Schell Brian N | Option exercise | 40K | — |
| 2025-08-15 | Schell Brian N | Tax withheld | 19K | $86.83 |
| 2025-05-21 | BOULANGER NORMAND A | Option exercise | 3.3K | — |
| 2025-05-21 | ZAMKOW MICHAEL JAY | Option exercise | 3.3K | — |
| 2025-05-21 | Conjeevaram Smita | Option exercise | 3.3K | — |
| 2025-05-21 | Varsano David | Option exercise | 3.3K | — |
| 2025-05-21 | MICHAEL JONATHAN E | Option exercise | 3.3K | — |
| 2025-05-21 | Walton Debra | Option exercise | 3.3K | — |
| 2025-05-13 | ZAMKOW MICHAEL JAY | Sell | 12K | $79.92 |
| 2025-05-02 | ZAMKOW MICHAEL JAY | Option exercise | 6.0K | $30.19 |
| 2025-05-02 | ZAMKOW MICHAEL JAY | Sell | 6.0K | $77.05 |
| 2025-05-02 | ZAMKOW MICHAEL JAY | Sell | 13K | $77.60 |
| 2025-05-01 | MICHAEL JONATHAN E | Buy | 2.7K | $75.53 |
| 2025-03-21 | Varsano David | Option exercise | 6.0K | $30.19 |
| 2025-03-19 | MICHAEL JONATHAN E | Option exercise | 6.0K | $30.19 |
| 2025-03-03 | White Jason Douglas | Tax withheld | 3.3K | $89.05 |
| 2025-03-03 | Kanwar Rahul | Option exercise | 17K | — |
| 2025-03-03 | STONE WILLIAM C | Option exercise | 22K | — |
| 2025-03-03 | Kanwar Rahul | Tax withheld | 9.6K | $89.05 |
| 2025-03-03 | White Jason Douglas | Option exercise | 6.5K | — |
| 2025-02-27 | ZAMKOW MICHAEL JAY | Gift | 15K | — |
| 2025-02-27 | ZAMKOW MICHAEL JAY | Gift | 15K | — |
| 2025-02-25 | ZAMKOW MICHAEL JAY | Sell | 23K | $88.39 |
| 2025-02-24 | Kanwar Rahul | Tax withheld | 7.0K | $88.60 |
| 2025-02-24 | Kanwar Rahul | Option exercise | 16K | — |
| 2025-02-24 | STONE WILLIAM C | Option exercise | 20K | — |
| 2025-02-24 | White Jason Douglas | Option exercise | 5.9K | — |
| 2025-02-24 | White Jason Douglas | Tax withheld | 3.0K | $88.60 |
| 2025-02-24 | Schell Brian N | Option exercise | 5.2K | — |
| 2025-02-24 | Schell Brian N | Tax withheld | 1.6K | $88.60 |
| 2025-02-18 | White Jason Douglas | Option exercise | 56K | $50.01 |
| 2025-02-18 | White Jason Douglas | Sell | 15K | $88.96 |
| 2025-02-18 | White Jason Douglas | Option exercise | 15K | $59.17 |
| 2025-02-18 | White Jason Douglas | Sell | 56K | $88.96 |
| 2025-01-10 | Walton Debra | Option exercise | 1.7K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-22 | Exec/director changeShareholder voteOtherExhibits | filing ↗ |
| 2026-04-23 | ResultsExhibits | filing ↗ |
| 2026-02-05 | ResultsExhibits | filing ↗ |
| 2025-10-23 | ResultsExhibits | filing ↗ |
| 2025-10-14 | Material agreementAcquisition/dispositionDebt obligationReg FDExhibits | filing ↗ |
| 2025-07-23 | ResultsExhibits | filing ↗ |
| 2025-07-21 | OtherExhibits | filing ↗ |
| 2025-05-22 | Exec/director changeShareholder voteOtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-22 | 2026-05-20 | 0001193125-26-236866 ↗ |
| 10-Q | 2026-04-30 | 2026-03-31 | 0001193125-26-197201 ↗ |
| 8-K | 2026-04-23 | 2026-04-23 | 0001193125-26-173733 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001193125-26-076745 ↗ |
| 8-K | 2026-02-05 | 2026-02-05 | 0001193125-26-039384 ↗ |
| 10-Q | 2025-10-30 | 2025-09-30 | 0001193125-25-258517 ↗ |
| 8-K | 2025-10-23 | 2025-10-23 | 0001193125-25-248806 ↗ |
| 8-K | 2025-10-14 | 2025-10-14 | 0001193125-25-238996 ↗ |
| 10-Q | 2025-07-30 | 2025-06-30 | 0000950170-25-100229 ↗ |
| 8-K | 2025-07-23 | 2025-07-23 | 0000950170-25-097888 ↗ |
| 8-K | 2025-07-21 | 2025-07-21 | 0000950170-25-097062 ↗ |
| 8-K | 2025-05-22 | 2025-05-21 | 0000950170-25-076481 ↗ |