Peregrine Capital Management LLC Cuts Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Peregrine Capital Management LLC lowered its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 14.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 207,754 shares of the technology company's stock after selling 35,573 shares during the period. Peregrine Capital Management LLC owned about 0.08% of SS&C Technologies worth $17,354,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Atwood & Palmer Inc. increased its holdings in SS&C Technologies by 125.8% in the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after purchasing an additional 166 shares during the period. Parkside Financial Bank & Trust boosted its holdings in SS&C Technologies by 76.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock valued at $40,000 after acquiring an additional 229 shares during the last quarter. True Wealth Design LLC increased its position in SS&C Technologies by 163.6% during the 4th quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock valued at $42,000 after purchasing an additional 342 shares during the period. Colonial Trust Co SC raised its holdings in SS&C Technologies by 239.3% during the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock worth $42,000 after purchasing an additional 390 shares during the last quarter. Finally, Rialto Wealth Management LLC bought a new stake in shares of SS&C Technologies in the 4th quarter valued at $64,000. Institutional investors and hedge funds own 96.95% of the company's stock.

Insider Activity at SS&C Technologies

In other news, Director Jonathan E. Michael acquired 2,700 shares of the business's stock in a transaction on Thursday, May 1st. The shares were purchased at an average cost of $75.53 per share, with a total value of $203,931.00. Following the acquisition, the director directly owned 72,776 shares of the company's stock, valued at $5,496,771.28. The trade was a 3.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Jay Zamkow sold 12,500 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total transaction of $999,000.00. Following the completion of the sale, the director owned 12,476 shares of the company's stock, valued at approximately $997,081.92. This represents a 50.05% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 16.40% of the company's stock.

SS&C Technologies Stock Down 0.5%

Shares of NASDAQ SSNC traded down $0.39 during midday trading on Wednesday, hitting $82.94. 379,366 shares of the stock traded hands, compared to its average volume of 1,318,652. SS&C Technologies Holdings, Inc. has a one year low of $61.13 and a one year high of $89.73. The business has a 50 day moving average price of $79.32 and a two-hundred day moving average price of $80.12. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $20.46 billion, a PE ratio of 25.77 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.03. SS&C Technologies had a net margin of 13.69% and a return on equity of 18.68%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company posted $1.28 earnings per share. The business's revenue was up 5.5% on a year-over-year basis. On average, equities analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Monday, June 2nd. SS&C Technologies's dividend payout ratio is currently 31.06%.

Wall Street Analysts Forecast Growth

SSNC has been the subject of a number of analyst reports. Raymond James Financial lowered their target price on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $86.00 price objective (down from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. Needham & Company LLC decreased their target price on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Wall Street Zen raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. Finally, DA Davidson cut their price target on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a report on Monday, April 28th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, SS&C Technologies currently has a consensus rating of "Buy" and a consensus price target of $91.86.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.