3 hours Ago By Defense World Staff
Bank of Montreal Can decreased its holdings in Pegasystems Inc. ( NASDAQ:PEGA – Free Report ) by 91.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The fund owned 3,908 shares of the technology company’s stock after selling 43,590 shares during the period. Bank of Montreal Can’s holdings in Pegasystems were worth $364,000 at the end of the most recent quarter. Other institutional investors have also bought and sold shares of the company.
Principal Securities Inc. increased its holdings in shares of Pegasystems by 150.5% in the fourth quarter.
Principal Securities Inc. now owns 278 shares of the technology company’s stock valued at $26,000 after purchasing an additional 167 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Pegasystems by 85.
6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company’s stock worth $30,000 after acquiring an additional 149 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Pegasystems in the 4th quarter worth $61,000.
Global Retirement Partners LLC raised its holdings in shares of Pegasystems by 48.0% during the 4th quarter. Global Retirement Partners LLC now owns 789 shares of the technology company’s stock worth $74,000 after acquiring an additional 256 shares during the period.
Finally, KBC Group NV boosted its position in shares of Pegasystems by 28.6% during the 4th quarter. KBC Group NV now owns 1,791 shares of the technology company’s stock valued at $167,000 after acquiring an additional 398 shares during the last quarter.
46.89% of the stock is owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades A number of brokerages have commented on PEGA.
Rosenblatt Securities reduced their target price on shares of Pegasystems from $115.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday.
Royal Bank of Canada lifted their price target on shares of Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd.
StockNews.com cut Pegasystems from a “buy” rating to a “hold” rating in a report on Thursday, April 17th. Citigroup cut their target price on Pegasystems from $119.
00 to $107.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, DA Davidson decreased their price target on Pegasystems from $90.
00 to $70.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company.
Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.82. Insiders Place Their Bets In related news, CFO Kenneth Stillwell sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd.
The shares were sold at an average price of $105.63, for a total value of $211,260.00.
Following the sale, the chief financial officer now owns 14,466 shares of the company’s stock, valued at $1,528,043.58. This trade represents 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 available through this hyperlink . Also, Chairman Alan Trefler sold 31,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 16th.
The stock was sold at an average price of $68.41, for a total transaction of $2,154,915.00.
Following the transaction, the chairman now owns 17,184,614 shares of the company’s stock, valued at $1,175,599,443.74. This trade represents a 0.
18 % decrease in their position. The disclosure for this sale can be found here . Insiders sold a total of 112,291 shares of company stock worth $8,289,469 over the last 90 days.
Corporate insiders own 50.10% of the company’s stock. Pegasystems Trading Up 3.
6 % PEGA opened at $68.76 on Wednesday. The stock’s 50-day moving average price is $72.
95 and its 200 day moving average price is $85.30. Pegasystems Inc.
has a 12-month low of $54.55 and a 12-month high of $113.67.
The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 68.08 and a beta of 1.
22. Pegasystems ( NASDAQ:PEGA – Get Free Report ) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.
27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.20).
Pegasystems had a return on equity of 32.09% and a net margin of 6.63%.
On average, research analysts forecast that Pegasystems Inc. will post 1.89 earnings per share for the current year.
Pegasystems Cuts Dividend The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were given a $0.015 dividend.
The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.06 annualized dividend and a yield of 0.
09%. Pegasystems’s dividend payout ratio is presently 11.88%.
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. Read More Five stocks we like better than Pegasystems With Risk Tolerance, One Size Does Not Fit All How to Invest in Micro-Cap Stocks Like a Pro What is the FTSE 100 index? Investors Sell Microsoft Stock on OpenAI News—Time to Buy? What is the Shanghai Stock Exchange Composite Index? Take-Two Interactive: A Defensive Play Set to Explode 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 ..
