SS&C's Acquisition Flywheel: Buying the Cash-Generating Engine
SS&C Technologies is turning steady recurring software revenue and sizable free cash flow into a compounding acquisition engine. At roughly $18.5B market cap and $1.75B in free cash flow, management can both pay down debt and bolt on software franchises that expand margins and sticky revenue. This trade targets a re-rating toward a mid-20s P/E over…