1 week Ago By Defense World Staff
JPMorgan Chase & Co. lowered its stake in Pegasystems Inc. ( NASDAQ:PEGA – Free Report ) by 90.
4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 243,260 shares of the technology company’s stock after selling 2,287,110 shares during the period. JPMorgan Chase & Co.
owned 0.28% of Pegasystems worth $22,672,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds also recently made changes to their positions in the company.
Principal Securities Inc. lifted its holdings in shares of Pegasystems by 150.5% during the 4th quarter.
Principal Securities Inc. now owns 278 shares of the technology company’s stock valued at $26,000 after purchasing an additional 167 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Pegasystems by 85.
6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company’s stock valued at $30,000 after purchasing an additional 149 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Pegasystems during the 4th quarter worth approximately $61,000.
Global Retirement Partners LLC raised its position in Pegasystems by 48.0% during the fourth quarter. Global Retirement Partners LLC now owns 789 shares of the technology company’s stock worth $74,000 after acquiring an additional 256 shares in the last quarter.
Finally, KBC Group NV raised its holdings in shares of Pegasystems by 28.6% in the 4th 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 period.
Institutional investors own 46.89% of the company’s stock. Wall Street Analysts Forecast Growth Several brokerages have issued reports on PEGA.
Royal Bank of Canada raised their price target on Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, January 3rd.
StockNews.com cut shares of Pegasystems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Rosenblatt Securities boosted their price target on Pegasystems from $95.
00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. KeyCorp restated an “overweight” rating and set a $118.
00 price objective on shares of Pegasystems in a research note on Tuesday, January 14th. Finally, Barclays cut their target price on Pegasystems from $103.00 to $97.
00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.
com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $99.36. Insider Buying and Selling In other Pegasystems news, insider Leon Trefler sold 2,049 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th.
The shares were sold at an average price of $75.65, for a total transaction of $155,006.85.
Following the sale, the insider now owns 52,019 shares in the company, valued at approximately $3,935,237.35. This trade represents a 3.
79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, insider Rifat Kerim Akgonul sold 2,000 shares of the firm’s stock in a transaction on Wednesday, March 12th.
The shares were sold at an average price of $72.25, for a total transaction of $144,500.00.
Following the sale, the insider now owns 56,534 shares in the company, valued at $4,084,581.50. The trade was a 3.
42 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last quarter, insiders have sold 80,791 shares of company stock valued at $6,134,554.
50.10% of the stock is owned by insiders. Pegasystems Price Performance PEGA stock opened at $70.
69 on Thursday. The firm has a 50 day simple moving average of $79.37 and a two-hundred day simple moving average of $85.
53. The stock has a market cap of $6.07 billion, a PE ratio of 69.
99 and a beta of 1.22. Pegasystems Inc.
has a one year low of $54.55 and a one year high of $113.67.
Pegasystems ( NASDAQ:PEGA – Get Free Report ) last announced 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 expect that Pegasystems Inc.
will post 1.89 EPS for the current fiscal year. Pegasystems Cuts Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th.
Stockholders of record on Tuesday, April 1st will be paid a $0.015 dividend. This represents a $0.
06 annualized dividend and a dividend yield of 0.08%. The ex-dividend date of this dividend is Tuesday, April 1st.
Pegasystems’s dividend payout ratio (DPR) 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. Featured Stories Five stocks we like better than Pegasystems 3 Dividend Kings To Consider Quantum Computing: The $6.5 Billion Opportunity You Can’t Ignore What is the NASDAQ Stock Exchange? Are Tariffs Threatening Disney’s Comeback Story? The 3 Best Blue-Chip Stocks to Buy Now Is Alphabet a Generational Buying Opportunity at These Levels? 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 – Free Report ). 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.
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