Pegasystems Inc. (NASDAQ:PEGA) Shares Acquired by Kestra Investment Management LLC

Kestra Investment Management LLC raised its holdings in shares of Pegasystems Inc. (NASDAQ:PEGA) by 32.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,230 shares of the technology company’s stock after purchasing an additional 4,011 shares during the quarter. Kestra Investment Management LLC’s holdings in Pegasystems were worth $1,513,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PEGA. Principal Securities Inc. increased its stake in shares of Pegasystems by 150.5% in the fourth quarter. Principal Securities Inc. now owns 278 shares of the technology company’s stock worth $26,000 after buying an additional 167 shares during the last quarter. True Wealth Design LLC bought a new position in shares of Pegasystems during the third quarter worth about $27,000. Venturi Wealth Management LLC grew its stake in Pegasystems by 49.1% in the third quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company’s stock worth $48,000 after purchasing an additional 216 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in Pegasystems in the third quarter valued at about $57,000. Finally, Capital Performance Advisors LLP acquired a new stake in Pegasystems during the third quarter valued at approximately $67,000. 46.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on PEGA. JMP Securities reissued a “market outperform” rating and set a $110.00 price target on shares of Pegasystems in a research report on Thursday, February 13th. Barclays dropped their target price on shares of Pegasystems from $103.00 to $97.00 and set an “equal weight” rating on the stock in a report on Friday. Citigroup lifted their price target on shares of Pegasystems from $99.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Rosenblatt Securities increased their price objective on shares of Pegasystems from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, StockNews.com upgraded Pegasystems from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Pegasystems has an average rating of “Moderate Buy” and a consensus target price of $99.36.

Pegasystems Stock Performance

Shares of PEGA opened at $85.02 on Tuesday. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 62.06 and a beta of 1.11. The stock’s fifty day moving average is $99.04 and its 200-day moving average is $84.07. Pegasystems Inc. has a one year low of $54.55 and a one year high of $113.67.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.20). Pegasystems had a return on equity of 37.83% and a net margin of 8.29%. Analysts forecast that Pegasystems Inc. will post 1.63 EPS for the current fiscal year.

Pegasystems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were given a $0.03 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $0.12 dividend on an annualized basis and a yield of 0.14%. Pegasystems’s dividend payout ratio (DPR) is 8.76%.

Insider Buying and Selling at Pegasystems

In other news, insider Leon Trefler sold 752 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $94.60, for a total transaction of $71,139.20. Following the completion of the transaction, the insider now owns 36,884 shares in the company, valued at approximately $3,489,226.40. This trade represents a 2.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Kenneth Stillwell sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $105.63, for a total transaction of $211,260.00. Following the completion of the sale, the chief financial officer now owns 14,466 shares in the company, valued at $1,528,043.58. The trade was a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,003 shares of company stock valued at $1,346,086. 50.10% of the stock is owned by corporate insiders.

Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients’ processes and workflows.