SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Stock Holdings Raised by Peregrine Capital Management LLC

Peregrine Capital Management LLC lifted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,327 shares of the technology company's stock after purchasing an additional 4,263 shares during the period. Peregrine Capital Management LLC owned about 0.10% of SS&C Technologies worth $18,439,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SSNC. Bleakley Financial Group LLC grew its stake in SS&C Technologies by 13.2% in the 3rd quarter. Bleakley Financial Group LLC now owns 4,228 shares of the technology company's stock worth $314,000 after acquiring an additional 494 shares during the period. Net Worth Advisory Group purchased a new stake in SS&C Technologies in the 3rd quarter worth approximately $331,000. Blue Trust Inc. grew its stake in SS&C Technologies by 557.0% in the 3rd quarter. Blue Trust Inc. now owns 1,971 shares of the technology company's stock worth $146,000 after acquiring an additional 1,671 shares during the period. Raymond James & Associates grew its stake in SS&C Technologies by 7.4% in the 3rd quarter. Raymond James & Associates now owns 412,006 shares of the technology company's stock worth $30,575,000 after acquiring an additional 28,238 shares during the period. Finally, OLD National Bancorp IN purchased a new stake in SS&C Technologies in the 3rd quarter worth approximately $331,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on SSNC shares. Raymond James lifted their target price on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a "strong-buy" rating in a research note on Friday, February 7th. StockNews.com upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. Royal Bank of Canada lifted their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Needham & Company LLC lifted their price target on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, DA Davidson lifted their price target on shares of SS&C Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a report on Monday, February 10th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $97.50.

Insider Buying and Selling

In related news, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the sale, the senior vice president now owns 6,412 shares of the company's stock, valued at $494,172.84. The trade was a 91.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO William C. Stone sold 247,300 shares of SS&C Technologies stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the sale, the chief executive officer now directly owns 31,837,926 shares in the company, valued at $2,439,103,510.86. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 520,000 shares of company stock valued at $40,777,638 in the last quarter. Company insiders own 15.40% of the company's stock.

SS&C Technologies Stock Down 0.6 %

Shares of NASDAQ:SSNC traded down $0.53 during midday trading on Friday, hitting $88.60. 2,166,520 shares of the company's stock traded hands, compared to its average volume of 1,437,951. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $21.94 billion, a PE ratio of 29.53 and a beta of 1.38. The firm's fifty day moving average price is $80.04 and its two-hundred day moving average price is $76.20. SS&C Technologies Holdings, Inc. has a twelve month low of $59.63 and a twelve month high of $89.50.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. On average, equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.13%. SS&C Technologies's payout ratio is 33.33%.

About SS&C Technologies

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.