6 days Ago By ABMN Staff
Alliancebernstein L.P. trimmed its stake in shares of Pegasystems Inc.
( NASDAQ:PEGA – Free Report ) by 12.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,578 shares of the technology company’s stock after selling 4,774 shares during the period.
Alliancebernstein L.P.’s holdings in Pegasystems were worth $3,223,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Principal Securities Inc. lifted its position in shares of Pegasystems by 150.
5% in the fourth 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.
EverSource Wealth Advisors LLC boosted its position in shares of Pegasystems by 85.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company’s stock valued at $30,000 after acquiring an additional 149 shares during the last quarter.
Proficio Capital Partners LLC bought a new stake in Pegasystems in the fourth quarter worth $61,000. Global Retirement Partners LLC raised its stake in Pegasystems by 48.0% during the fourth quarter.
Global Retirement Partners LLC now owns 789 shares of the technology company’s stock valued at $74,000 after purchasing an additional 256 shares in the last quarter. Finally, KBC Group NV lifted its position in Pegasystems by 28.6% during the fourth quarter.
KBC Group NV now owns 1,791 shares of the technology company’s stock valued at $167,000 after purchasing an additional 398 shares during the last quarter. 46.89% of the stock is currently owned by institutional investors.
Insider Transactions at Pegasystems In other news, CFO Kenneth Stillwell sold 2,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $105.63, for a total transaction of $211,260.
00. Following the sale, the chief financial officer now owns 14,466 shares in the company, valued at approximately $1,528,043.58.
The trade was a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink .
Also, insider Leon Trefler sold 2,049 shares of Pegasystems stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $75.65, for a total transaction of $155,006.
85. Following the completion of the sale, the insider now owns 52,019 shares of the company’s stock, valued at $3,935,237.35.
This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Over the last three months, insiders have sold 80,791 shares of company stock valued at $6,134,554. Corporate insiders own 50.10% of the company’s stock.
Pegasystems Stock Performance Pegasystems ( NASDAQ:PEGA – Get Free Report ) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.27 earnings per share 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%. On average, research analysts predict that Pegasystems Inc.
will post 1.89 EPS for the current fiscal year. Pegasystems Cuts Dividend The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th.
Shareholders of record on Tuesday, April 1st will be issued a $0.015 dividend. This represents a $0.
06 annualized dividend and a yield of 0.09%. The ex-dividend date is Tuesday, April 1st.
Pegasystems’s dividend payout ratio is currently 11.88%. Wall Street Analysts Forecast Growth Several brokerages have weighed in on PEGA.
StockNews.com cut Pegasystems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. KeyCorp restated an “overweight” rating and set a $118.
00 price target on shares of Pegasystems in a report on Tuesday, January 14th. Citigroup increased their target price on shares of Pegasystems from $99.00 to $123.
00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Barclays dropped their price target on shares of Pegasystems from $103.00 to $97.
00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Finally, DA Davidson decreased their price objective on shares of Pegasystems from $90.00 to $70.
00 and set a “neutral” rating for the company in a research note on Monday. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.
com, Pegasystems currently has an average rating of “Moderate Buy” and a consensus price target of $99.36. View Our Latest Analysis on PEGA About Pegasystems ( 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. Featured Stories 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.
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