Wealth Enhancement Advisory Services LLC Has $783,000 Position in Pegasystems Inc. (NASDAQ:PEGA)

Wealth Enhancement Advisory Services LLC boosted its holdings in Pegasystems Inc. (NASDAQ:PEGAFree Report) by 1.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,401 shares of the technology company’s stock after buying an additional 141 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Pegasystems were worth $783,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PEGA. Dimensional Fund Advisors LP increased its position in Pegasystems by 266.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 390,580 shares of the technology company’s stock valued at $23,641,000 after acquiring an additional 284,095 shares during the period. Renaissance Technologies LLC grew its stake in shares of Pegasystems by 4.5% in the second quarter. Renaissance Technologies LLC now owns 107,824 shares of the technology company’s stock worth $6,527,000 after purchasing an additional 4,600 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Pegasystems by 28.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,760 shares of the technology company’s stock valued at $349,000 after purchasing an additional 1,273 shares during the period. Optimist Retirement Group LLC raised its position in Pegasystems by 5.0% during the 2nd quarter. Optimist Retirement Group LLC now owns 3,434 shares of the technology company’s stock worth $208,000 after purchasing an additional 165 shares during the last quarter. Finally, Burgundy Asset Management Ltd. bought a new position in Pegasystems during the 2nd quarter worth $3,565,000. 46.89% of the stock is currently owned by institutional investors and hedge funds.

Pegasystems Stock Up 2.5 %

Pegasystems stock opened at $102.49 on Friday. The company has a market capitalization of $8.79 billion, a PE ratio of 74.81 and a beta of 1.09. Pegasystems Inc. has a 12-month low of $45.36 and a 12-month high of $104.59. The firm’s fifty day moving average is $93.30 and its 200 day moving average is $77.28.

Pegasystems (NASDAQ:PEGAGet Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. The firm had revenue of $325.10 million for the quarter, compared to analyst estimates of $326.16 million. Pegasystems had a net margin of 8.29% and a return on equity of 37.83%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 earnings per share. Sell-side analysts expect that Pegasystems Inc. will post 1.61 EPS for the current fiscal year.

Pegasystems Announces Dividend

The company also recently declared 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. This represents a $0.12 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend was Thursday, January 2nd. Pegasystems’s dividend payout ratio (DPR) is currently 8.76%.

Insider Buying and Selling at Pegasystems

In other news, CAO Efstathios A. Kouninis sold 299 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $96.90, for a total transaction of $28,973.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kenneth Stillwell sold 6,200 shares of Pegasystems stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $94.67, for a total transaction of $586,954.00. Following the completion of the sale, the chief financial officer now directly owns 18,466 shares of the company’s stock, valued at approximately $1,748,176.22. The trade was a 25.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,914 shares of company stock valued at $2,414,935. Company insiders own 50.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on PEGA. Royal Bank of Canada increased their price target on Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Rosenblatt Securities upped their target price on Pegasystems from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, October 25th. Wedbush increased their target price on shares of Pegasystems from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. StockNews.com upgraded shares of Pegasystems from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st. Finally, Citigroup increased their price objective on shares of Pegasystems from $99.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Pegasystems presently has a consensus rating of “Moderate Buy” and an average target price of $93.91.

Get Our Latest Stock Report on PEGA

Pegasystems Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Pegasystems (NASDAQ:PEGA)

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