Shares of financial technology vendor SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)detracted from performance after the company reported mixed first quarter earnings, with organic revenue growth coming in below Street expectations. The company raised fiscal year 2019 adjusted EPS guidance, but the stock had already run up significantly before earnings. We retain conviction, as we believe SS&C will continue to generate attractive earnings growth through market share gains, cross sales of its services portfolio, new product introductions, additional M&A, and synergy-led margin expansion.
From Ron Baron (Trades, Portfolio)'s Baron Growth Fund second-quarter 2019 shareholder commentary.
This article first appeared on GuruFocus.
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