Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>SS&C Technologies reported record second quarter financial results for 2026, demonstrating growth across multiple key metrics amid a mixed macroeconomic environment.</li><li>The company achieved adjusted revenue of $1.697 billion, marking a 10.3% year-over-year increase, and delivered adjusted diluted earnings per share (EPS) of $1.76, up 18.1%.</li><li>Adjusted consolidated EBITDA rose 11.7% to $671 million with a margin expansion of 50 basis points to 39.5%.</li></ul>

SS&C Technologies reported record second quarter financial results for 2026, demonstrating growth across multiple key metrics amid a mixed macroeconomic environment.The company achieved adjusted revenue of $1.697 billion, marking a 10.3% year-over-year increase, and delivered adjusted diluted earnings per share (EPS) of $1.76, up 18.1%.Adjusted consolidated EBITDA rose 11.7% to $671 million with a margin expansion of 50 basis points to 39.5%.

SS&C Technologies Gives Wall Street Record Results — But Q3 Growth May Cool!

<ul><li>SS&C Technologies delivered solid financial results for the first quarter of 2026 despite a challenging macroeconomic environment marked by geopolitical tensions, tariff issues, and elevated oil prices.</li><li>The company reported adjusted revenues of $1.648 billion, representing a 9% increase year-over-year, and an adjusted diluted earnings per share (EPS) of $1.69, a 14% rise.</li><li>Adjusted consolidated EBITDA reached a record $651 million, up 10%, with a margin improvement to 39.5%.</li></ul>

SS&C Technologies delivered solid financial results for the first quarter of 2026 despite a challenging macroeconomic environment marked by geopolitical tensions, tariff issues, and elevated oil prices.The company reported adjusted revenues of $1.648 billion, representing a 9% increase year-over-year, and an adjusted diluted earnings per share (EPS) of $1.69, a 14% rise.Adjusted consolidated EBITDA reached a record $651 million, up 10%, with a margin improvement to 39.5%.

Can SS&C Technologies Sustain 39.5% EBITDA Margins As Macro Headwinds Intensify?

<ul><li>SS&C Technologies delivered a strong finish to 2025, pairing record adjusted revenue of $1.655 billion with record adjusted diluted earnings per share of $1.69, record adjusted consolidated EBITDA of $651 million, and a 39.3% adjusted EBITDA margin.</li><li>Adjusted organic revenue growth was 5.3% on a constant-currency basis, with notable strength in Global Investor and Distribution Solutions and GlobeOp. Cash from operating activities rose 26% for the full year to $1.745 billion, translating to $6.89 per diluted share, supported by earnings growth, working capital utilization, and lower cash taxes.</li><li>Capital returns remained a central feature, with $384 million returned in the fourth quarter and over $1 billion of share repurchases completed across 2025, alongside dividends.</li></ul>

SS&C Technologies delivered a strong finish to 2025, pairing record adjusted revenue of $1.655 billion with record adjusted diluted earnings per share of $1.69, record adjusted consolidated EBITDA of $651 million, and a 39.3% adjusted EBITDA margin.Adjusted organic revenue growth was 5.3% on a constant-currency basis, with notable strength in Global Investor and Distribution Solutions and GlobeOp. Cash from operating activities rose 26% for the full year to $1.745 billion, translating to $6.89 per diluted share, supported by earnings growth, working capital utilization, and lower cash taxes.Capital returns remained a central feature, with $384 million returned in the fourth quarter and over $1 billion of share repurchases completed across 2025, alongside dividends.

SS&C Technologies’ Capital Firepower: Will Buybacks or Bold Acquisitions Unlock the Next Growth Wave?

Credit

<ul><li>SS&C Technologies Holdings, Inc. has delivered a robust financial performance in the third quarter of 2025, marked by an uptick in revenue and earnings per share.</li><li>The company reported record adjusted revenue of $1.569 billion, reflecting a 7% increase from the previous year, alongside a notable 17.2% growth to reach an adjusted diluted earnings per share of $1.57.</li><li>Adjusted consolidated EBITDA also reached a record high of $619 million, a rise of 9.3%, leading to a quarterly adjusted EBITDA margin of 39.5%.</li></ul>

SS&C Technologies Holdings, Inc. has delivered a robust financial performance in the third quarter of 2025, marked by an uptick in revenue and earnings per share.The company reported record adjusted revenue of $1.569 billion, reflecting a 7% increase from the previous year, alongside a notable 17.2% growth to reach an adjusted diluted earnings per share of $1.57.Adjusted consolidated EBITDA also reached a record high of $619 million, a rise of 9.3%, leading to a quarterly adjusted EBITDA margin of 39.5%.

SS&C Technologies Taps Into the $1 Trillion Private Credit Boom—Here’s Why It Matters!

Global TMT Analyst, Ex-PM, 30 years experience

Neil Campling

Thematic (Sector/Industry)

<ul>
<li>Apple iPhone 16 pre-orders weak and Questions on Apple Intelligence remain</li>
<li>Big software investor days. Expect AI to feature big on hype, but what to expect from TAM to ARR to products?</li>
<li>Semis: Samsung challenges, Intel relief but pressures remain, TSM momentum, this time with ByteDance </li>
</ul>


Apple iPhone 16 pre-orders weak and Questions on Apple Intelligence remain
Big software investor days. Expect AI to feature big on hype, but what to expect from TAM to ARR to products?
Semis: Samsung challenges, Intel relief but pressures remain, TSM momentum, this time with ByteDance 


TMT Daily:Apple, TikTok, PINS, Semis (TSM, Samsung, Intel), Software (EA, CRM, CRWD, WDAY, HUBS),EVs

United States

SS&C Technologies Holdings, Inc. develops and markets computer software for financial services providers.  The software enables trading and modeling, portfolio management and reporting, accounting, performance measurement, reconciliation, reporting, processing, and clearing.

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SS&C Technologies (SSNC US)

SS&C Technologies Gives Wall Street Record Results — But Q3 Growth May Cool!

SS&C Technologies reported record second quarter financial results for 2026, demonstrating growth across multiple key metrics amid a mixed...

Baptista Research

Can SS&C Technologies Sustain 39.5% EBITDA Margins As Macro Headwinds Intensify?

SS&C Technologies delivered solid financial results for the first quarter of 2026 despite a challenging macroeconomic environment marked by...

Baptista Research

SS&C Technologies’ Capital Firepower: Will Buybacks or Bold Acquisitions Unlock the Next Growth Wave?

SS&C Technologies delivered a strong finish to 2025, pairing record adjusted revenue of $1.655 billion with record adjusted diluted earnings...

Baptista Research

SS&C Technologies Taps Into the $1 Trillion Private Credit Boom—Here’s Why It Matters!

SS&C Technologies Holdings, Inc. has delivered a robust financial performance in the third quarter of 2025, marked by an uptick in revenue and...

Baptista Research

TMT Daily:Apple, TikTok, PINS, Semis (TSM, Samsung, Intel), Software (EA, CRM, CRWD, WDAY, HUBS),EVs

Apple iPhone 16 pre-orders disappointing. Big software investor days AI hype and product expectations. Challenges for Samsung, Intel relief short...

Neil Campling

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

SS&C Technologies Gives Wall Street Record Results — But Q3 Growth May Cool!

SS&C Technologies reported record second quarter financial results for 2026, demonstrating growth across multiple key metrics amid a mixed...

Baptista Research

Can SS&C Technologies Sustain 39.5% EBITDA Margins As Macro Headwinds Intensify?

SS&C Technologies delivered solid financial results for the first quarter of 2026 despite a challenging macroeconomic environment marked by...

Baptista Research

SS&C Technologies’ Capital Firepower: Will Buybacks or Bold Acquisitions Unlock the Next Growth Wave?

SS&C Technologies delivered a strong finish to 2025, pairing record adjusted revenue of $1.655 billion with record adjusted diluted earnings...

Baptista Research

SS&C Technologies Taps Into the $1 Trillion Private Credit Boom—Here’s Why It Matters!

SS&C Technologies Holdings, Inc. has delivered a robust financial performance in the third quarter of 2025, marked by an uptick in revenue and...

Baptista Research

TMT Daily:Apple, TikTok, PINS, Semis (TSM, Samsung, Intel), Software (EA, CRM, CRWD, WDAY, HUBS),EVs

​Apple iPhone 16 pre-orders disappointing. Big software investor days AI hype and product expectations. Challenges for Samsung, Intel relief short...

Neil Campling

Apple iPhone 16 pre-orders disappointing. Big software investor days AI hype and product expectations. Challenges for Samsung, Intel relief short...