UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Pegasystems Inc. (NASDAQ:PEGA – Free Report) by 0.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,535 shares of the technology company’s stock after acquiring an additional 834 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Pegasystems were worth $8,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PEGA. Pacer Advisors Inc. purchased a new stake in Pegasystems during the 2nd quarter valued at about $67,968,000. Luxor Capital Group LP lifted its holdings in shares of Pegasystems by 7.9% during the second quarter. Luxor Capital Group LP now owns 683,939 shares of the technology company’s stock worth $41,399,000 after purchasing an additional 49,861 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Pegasystems by 104.5% during the second quarter. AQR Capital Management LLC now owns 554,777 shares of the technology company’s stock worth $33,381,000 after purchasing an additional 283,508 shares during the period. Acadian Asset Management LLC boosted its position in Pegasystems by 6.9% in the second quarter. Acadian Asset Management LLC now owns 533,948 shares of the technology company’s stock valued at $32,304,000 after buying an additional 34,416 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Pegasystems by 0.6% in the 3rd quarter. Fisher Asset Management LLC now owns 484,296 shares of the technology company’s stock worth $35,397,000 after buying an additional 3,000 shares during the period. Hedge funds and other institutional investors own 46.89% of the company’s stock.
Insider Activity at Pegasystems
In related news, insider Leon Trefler sold 752 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $72.00, for a total transaction of $54,144.00. Following the completion of the sale, the insider now directly owns 38,388 shares in the company, valued at approximately $2,763,936. This trade represents a 1.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rifat Kerim Akgonul sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $80.07, for a total transaction of $80,070.00. Following the sale, the insider now owns 47,119 shares of the company’s stock, valued at $3,772,818.33. This represents a 2.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,415 shares of company stock valued at $1,667,761. 50.10% of the stock is currently owned by insiders.
Analyst Ratings Changes
Get Our Latest Stock Analysis on Pegasystems
Pegasystems Stock Performance
NASDAQ PEGA opened at $94.41 on Tuesday. The business has a fifty day moving average price of $82.94 and a 200 day moving average price of $70.48. The company has a market cap of $8.10 billion, a P/E ratio of 68.91 and a beta of 1.09. Pegasystems Inc. has a one year low of $44.07 and a one year high of $97.94.
Pegasystems (NASDAQ:PEGA – Get Free Report) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The business had revenue of $325.10 million during the quarter, compared to analysts’ expectations of $326.16 million. Pegasystems had a net margin of 8.29% and a return on equity of 37.83%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 earnings per share. As a group, sell-side analysts predict that Pegasystems Inc. will post 1.61 EPS for the current fiscal year.
Pegasystems Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were given a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.13%. Pegasystems’s dividend payout ratio (DPR) is presently 8.76%.
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.
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