Peregrine Capital Management LLC Sells 39,904 Shares of SS&C Technologies Holdings, Inc. $SSNC

Peregrine Capital Management LLC reduced its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 26.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 113,007 shares of the technology company’s stock after selling 39,904 shares during the quarter. Peregrine Capital Management LLC’s holdings in SS&C Technologies were worth $10,031,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caldwell Trust Co bought a new position in shares of SS&C Technologies during the 2nd quarter worth approximately $27,000. Osterweis Capital Management Inc. acquired a new position in shares of SS&C Technologies during the 2nd quarter worth approximately $40,000. 1248 Management LLC bought a new position in shares of SS&C Technologies in the first quarter valued at $45,000. Salem Investment Counselors Inc. raised its holdings in shares of SS&C Technologies by 71.7% in the 3rd quarter. Salem Investment Counselors Inc. now owns 625 shares of the technology company’s stock valued at $55,000 after purchasing an additional 261 shares during the period. Finally, McIlrath & Eck LLC acquired a new position in SS&C Technologies during the third quarter worth approximately $60,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Buying and Selling

In other news, Director Normand A. Boulanger sold 150,000 shares of SS&C Technologies stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $85.85, for a total value of $12,877,500.00. Following the completion of the transaction, the director directly owned 386,924 shares of the company’s stock, valued at approximately $33,217,425.40. This trade represents a 27.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 16.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SSNC shares. Jefferies Financial Group boosted their target price on SS&C Technologies from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Needham & Company LLC lifted their price target on SS&C Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Royal Bank Of Canada boosted their target price on shares of SS&C Technologies from $97.00 to $99.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Weiss Ratings reissued a “buy (b)” rating on shares of SS&C Technologies in a research report on Wednesday, October 8th. Finally, Morgan Stanley boosted their price target on SS&C Technologies from $88.00 to $92.00 and gave the company an “equal weight” rating in a research note on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.75.

SS&C Technologies Stock Up 0.6%

Shares of NASDAQ SSNC opened at $88.93 on Friday. The stock has a 50-day moving average price of $86.28 and a two-hundred day moving average price of $85.83. The company has a market cap of $21.70 billion, a price-to-earnings ratio of 26.39 and a beta of 1.19. SS&C Technologies Holdings, Inc. has a 12 month low of $69.61 and a 12 month high of $91.07. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.94.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, October 23rd. The technology company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.55 billion. SS&C Technologies had a net margin of 13.86% and a return on equity of 19.80%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business earned $1.29 EPS. SS&C Technologies has set its Q4 2025 guidance at 1.560-1.620 EPS and its FY 2025 guidance at 6.020-6.080 EPS. As a group, analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, December 1st. SS&C Technologies’s dividend payout ratio is currently 32.05%.

SS&C Technologies Profile

SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.

SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.