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

Baptista Research

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.

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 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?