Cable Hill Partners LLC Acquires Shares of 2,551 Pegasystems Inc. (NASDAQ:PEGA)

Cable Hill Partners LLC acquired a new stake in shares of Pegasystems Inc. (NASDAQ:PEGA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,551 shares of the technology company’s stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Pegasystems by 1.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,401 shares of the technology company’s stock worth $783,000 after acquiring an additional 141 shares in the last quarter. Principal Securities Inc. lifted its position in shares of Pegasystems by 150.5% during the fourth quarter. Principal Securities Inc. now owns 278 shares of the technology company’s stock worth $26,000 after acquiring an additional 167 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Pegasystems by 5.4% in the third quarter. New York State Teachers Retirement System now owns 4,099 shares of the technology company’s stock worth $300,000 after buying an additional 211 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of 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 buying an additional 216 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its position in shares of Pegasystems by 4.9% in the fourth quarter. Sanctuary Advisors LLC now owns 4,667 shares of the technology company’s stock worth $435,000 after buying an additional 219 shares in the last quarter. 46.89% of the stock is owned by institutional investors.

Pegasystems Trading Down 3.2 %

Shares of NASDAQ:PEGA opened at $76.37 on Friday. The stock’s 50-day moving average price is $96.46 and its 200-day moving average price is $84.74. Pegasystems Inc. has a 12-month low of $54.55 and a 12-month high of $113.67. The stock has a market capitalization of $6.56 billion, a P/E ratio of 75.61 and a beta of 1.11.

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

Pegasystems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.16%. Pegasystems’s dividend payout ratio (DPR) is currently 11.88%.

Analysts Set New Price Targets

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

Insider Activity

In related news, insider Leon Trefler sold 752 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $94.60, for a total value of $71,139.20. Following the sale, the insider now directly owns 36,884 shares of the company’s stock, valued at $3,489,226.40. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Efstathios A. Kouninis sold 299 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $96.90, for a total value of $28,973.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,245 shares of company stock valued at $4,439,459. 50.10% of the stock is currently owned by 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.