10 Best Stocks to Buy According to Value Investor Oldfield Partners

3. SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Oldfield Partners’ Stake Value: $68,711,388

Percentage of Oldfield Partners’ 13F Portfolio: 12.98%

Number of Hedge Fund Holders: 50

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) enables businesses to manage their financial, office, and other business functions. For Q2 2024, SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) reported adjusted revenue of $1.452 billion, exceeding forecasts by $20 million and reflecting a 6.5% increase with notable advancements in alternative fund administration and wealth and investment technology.

Adjusted diluted earnings per share rose 17.6% to $1.27, and adjusted EBITDA was $558.9 million with a margin of 38.5%, up 170 basis points. Organic revenue growth was 6.4%, driven by strong performance in alternatives, GIDS, wealth and investment technology, and Intralinks. The GIDS business saw an unexpected boost due to seasonality and accelerated license revenue.

Cash from operations increased 16.8% to $385 million, and the cash flow conversion rate was over 120%. The company reduced debt by $25.2 million, lowering its net leverage ratio to 2.84 times consolidated EBITDA. SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) bought back 3.7 million shares for $227 million, marking the highest quarterly buyback in its history. The board has approved a new $1 billion stock repurchase program.