Blackhawk Capital Partners LLC. Invests $1.49 Million in Pegasystems Inc. (NASDAQ:PEGA)

Blackhawk Capital Partners LLC. purchased a new position in shares of Pegasystems Inc. (NASDAQ:PEGA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,929 shares of the technology company’s stock, valued at approximately $1,485,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PEGA. Principal Securities Inc. increased its stake in Pegasystems by 150.5% during the 4th quarter. Principal Securities Inc. now owns 278 shares of the technology company’s stock worth $26,000 after buying an additional 167 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of Pegasystems in the third quarter worth approximately $27,000. Venturi Wealth Management LLC increased its position in shares of Pegasystems by 49.1% during 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. purchased a new stake in shares of Pegasystems during the third quarter worth approximately $57,000. Finally, Capital Performance Advisors LLP acquired a new position in Pegasystems in the 3rd quarter valued at $67,000. 46.89% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on PEGA. Barclays lowered their target price on shares of Pegasystems from $103.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. KeyCorp restated an “overweight” rating and set a $118.00 price target on shares of Pegasystems in a research report on Tuesday, January 14th. Royal Bank of Canada increased their price objective on shares of Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Citigroup raised their target price on shares of Pegasystems from $99.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, JMP Securities restated a “market outperform” rating and issued a $110.00 target price on shares of Pegasystems in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $99.36.

Insider Buying and Selling at Pegasystems

In related news, CFO Kenneth Stillwell sold 7,742 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $84.72, for a total value of $655,902.24. Following the transaction, the chief financial officer now directly owns 14,466 shares of the company’s stock, valued at $1,225,559.52. This trade represents a 34.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Efstathios A. Kouninis sold 299 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $96.90, for a total transaction of $28,973.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,745 shares of company stock valued at $2,001,989. Insiders own 50.10% of the company’s stock.

Pegasystems Stock Performance

NASDAQ:PEGA opened at $78.17 on Tuesday. Pegasystems Inc. has a fifty-two week low of $54.55 and a fifty-two week high of $113.67. The company has a 50 day moving average price of $97.45 and a 200 day moving average price of $84.75. The stock has a market capitalization of $6.71 billion, a P/E ratio of 77.40 and a beta of 1.11.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.20). Pegasystems had a net margin of 6.63% and a return on equity of 32.09%. Research analysts forecast that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Pegasystems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were paid a dividend of $0.03 per share. The ex-dividend date was Thursday, January 2nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.15%. Pegasystems’s payout ratio is 11.88%.

Pegasystems 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.