Peregrine Capital Management LLC Has $15.71 Million Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Peregrine Capital Management LLC trimmed its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 257,144 shares of the technology company's stock after selling 42,291 shares during the period. Peregrine Capital Management LLC owned 0.10% of SS&C Technologies worth $15,714,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Nordea Investment Management AB grew its holdings in shares of SS&C Technologies by 127.0% during the 4th quarter. Nordea Investment Management AB now owns 242,712 shares of the technology company's stock valued at $14,839,000 after acquiring an additional 135,775 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. acquired a new stake in shares of SS&C Technologies in the 4th quarter valued at $2,388,000. Bank of New York Mellon Corp lifted its stake in shares of SS&C Technologies by 5.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,352,557 shares of the technology company's stock valued at $71,063,000 after purchasing an additional 68,359 shares during the last quarter. Nomura Holdings Inc. lifted its stake in shares of SS&C Technologies by 571.4% in the 3rd quarter. Nomura Holdings Inc. now owns 409,563 shares of the technology company's stock valued at $21,518,000 after purchasing an additional 348,563 shares during the last quarter. Finally, Oribel Capital Management LP acquired a new stake in shares of SS&C Technologies in the 3rd quarter valued at $8,596,000. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Stock Performance

Shares of SSNC traded up $0.35 during trading hours on Tuesday, reaching $63.00. 819,725 shares of the company traded hands, compared to its average volume of 948,102. The stock's fifty day moving average is $62.88 and its 200 day moving average is $58.45. The stock has a market cap of $15.57 billion, a P/E ratio of 26.47 and a beta of 1.43. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.07 and a current ratio of 1.07. SS&C Technologies Holdings, Inc. has a 1-year low of $46.61 and a 1-year high of $65.86.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.13 EPS for the quarter, meeting analysts' consensus estimates of $1.13. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. SS&C Technologies had a net margin of 11.03% and a return on equity of 16.74%. Equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.61 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.24 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.96 dividend on an annualized basis and a yield of 1.52%. SS&C Technologies's payout ratio is currently 40.34%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SSNC shares. TheStreet raised shares of SS&C Technologies from a "c+" rating to a "b" rating in a research note on Friday, February 23rd. Royal Bank of Canada lifted their price objective on shares of SS&C Technologies from $65.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, February 14th. Truist Financial lifted their price objective on shares of SS&C Technologies from $55.00 to $60.00 and gave the company a "hold" rating in a research note on Wednesday, February 14th. Citigroup boosted their target price on shares of SS&C Technologies from $70.00 to $71.00 and gave the stock a "buy" rating in a research report on Thursday, February 15th. Finally, Needham & Company LLC boosted their target price on shares of SS&C Technologies from $62.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, February 14th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, SS&C Technologies currently has an average rating of "Moderate Buy" and an average target price of $69.44.

About SS&C Technologies

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.