Pegasystems Inc. (PEGA) Holdings Increased by BlackRock Inc.

BlackRock Inc. boosted its stake in shares of Pegasystems Inc. (NASDAQ:PEGA) by 0.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,398,718 shares of the technology company’s stock after purchasing an additional 14,682 shares during the quarter. BlackRock Inc.’s holdings in Pegasystems were worth $145,481,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Swiss National Bank raised its holdings in Pegasystems by 2.4% during the 1st quarter. Swiss National Bank now owns 67,700 shares of the technology company’s stock worth $4,106,000 after buying an additional 1,600 shares during the period. SG Americas Securities LLC raised its holdings in Pegasystems by 29.0% during the 1st quarter. SG Americas Securities LLC now owns 7,471 shares of the technology company’s stock worth $453,000 after buying an additional 1,679 shares during the period. Virtu Financial LLC raised its holdings in Pegasystems by 47.2% during the 4th quarter. Virtu Financial LLC now owns 5,816 shares of the technology company’s stock worth $274,000 after buying an additional 1,865 shares during the period. California Public Employees Retirement System raised its holdings in Pegasystems by 1.8% during the 4th quarter. California Public Employees Retirement System now owns 116,756 shares of the technology company’s stock worth $5,505,000 after buying an additional 2,027 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its holdings in Pegasystems by 208.8% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,048 shares of the technology company’s stock worth $144,000 after buying an additional 2,061 shares during the period. Hedge funds and other institutional investors own 45.79% of the company’s stock.

Several research firms have issued reports on PEGA. ValuEngine downgraded Pegasystems from a “buy” rating to a “hold” rating in a report on Friday, June 8th. Wedbush restated an “outperform” rating and set a $61.85 price objective (down previously from $73.00) on shares of Pegasystems in a report on Friday, March 16th. BidaskClub downgraded Pegasystems from a “buy” rating to a “hold” rating in a report on Friday, May 11th. Zacks Investment Research downgraded Pegasystems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, TheStreet raised Pegasystems from a “c+” rating to a “b” rating in a research note on Wednesday, March 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $67.67.

In related news, CFO Kenneth Stillwell sold 2,048 shares of the business’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $60.21, for a total value of $123,310.08. Following the completion of the sale, the chief financial officer now owns 12,176 shares of the company’s stock, valued at approximately $733,116.96. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Steven F. Kaplan sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 6th. The shares were sold at an average price of $65.16, for a total value of $651,600.00. Following the completion of the sale, the director now directly owns 44,776 shares of the company’s stock, valued at approximately $2,917,604.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,290 shares of company stock worth $2,813,254. Company insiders own 52.85% of the company’s stock.

Pegasystems opened at $56.45 on Friday, MarketBeat reports. Pegasystems Inc. has a fifty-two week low of $45.40 and a fifty-two week high of $67.95. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 256.59, a price-to-earnings-growth ratio of 11.97 and a beta of 1.01.

Pegasystems (NASDAQ:PEGA) last released its earnings results on Thursday, May 10th. The technology company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.07). Pegasystems had a net margin of 2.12% and a return on equity of 3.62%. The business had revenue of $235.18 million for the quarter, compared to analysts’ expectations of $228.97 million. During the same period last year, the firm earned $0.66 EPS. The company’s revenue was down 8.2% compared to the same quarter last year. equities research analysts forecast that Pegasystems Inc. will post 0.61 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Monday, July 2nd will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, June 29th. This represents a $0.12 annualized dividend and a yield of 0.21%. Pegasystems’s dividend payout ratio (DPR) is presently 54.55%.

Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses, and supports software applications for marketing, sales automation, customer service, and operations in the United States and internationally. It provides Pega Platform, an application development product for clients to build and extend their own applications.

Want to see what other hedge funds are holding PEGA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pegasystems Inc. (NASDAQ:PEGA).

Institutional Ownership by Quarter for Pegasystems (NASDAQ:PEGA)

Receive News & Ratings for Pegasystems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pegasystems and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply