2 weeks Ago By ABMN Staff
Luxor Capital Group LP boosted its position in Pegasystems Inc. ( NASDAQ:PEGA – Free Report ) by 7.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 683,939 shares of the technology company’s stock after buying an additional 49,861 shares during the period. Pegasystems makes up about 2.9% of Luxor Capital Group LP’s holdings, making the stock its 9th biggest position.
Luxor Capital Group LP’s holdings in Pegasystems were worth $41,399,000 at the end of the most recent reporting period. Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc.
acquired a new position in shares of Pegasystems during the 2nd quarter worth $67,968,000. Norges Bank acquired a new position in shares of Pegasystems during the 4th quarter worth $22,784,000. Dimensional Fund Advisors LP boosted its position in shares of Pegasystems by 266.
8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 390,580 shares of the technology company’s stock worth $23,641,000 after buying an additional 284,095 shares in the last quarter. AQR Capital Management LLC boosted 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 last quarter. Finally, Vanguard Group Inc.
grew its holdings in Pegasystems by 4.9% in the 1st quarter. Vanguard Group Inc.
now owns 5,369,237 shares of the technology company’s stock valued at $347,067,000 after buying an additional 250,273 shares during the period. 46.89% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets In other news, insider Leon Trefler sold 752 shares of Pegasystems stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $60.21, for a total value of $45,277.
92. Following the completion of the transaction, the insider now directly owns 39,164 shares of the company’s stock, valued at approximately $2,358,064.44.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . In other Pegasystems news, Director Richard H. Jones sold 15,271 shares of the firm’s stock in a transaction on Thursday, August 1st.
The stock was sold at an average price of $69.25, for a total value of $1,057,516.75.
Following the sale, the director now directly owns 371,787 shares in the company, valued at $25,746,249.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link .
Also, insider Leon Trefler sold 752 shares of Pegasystems stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $60.21, for a total transaction of $45,277.
92. Following the completion of the sale, the insider now owns 39,164 shares in the company, valued at $2,358,064.44.
The disclosure for this sale can be found here . Over the last three months, insiders have sold 46,955 shares of company stock valued at $3,243,771. Company insiders own 50.
10% of the company’s stock. Analyst Upgrades and Downgrades Check Out Our Latest Report on PEGA Pegasystems Trading Down 0.7 % Pegasystems stock opened at $72.
88 on Friday. The stock has a market cap of $6.20 billion, a P/E ratio of 88.
88 and a beta of 1.07. The stock has a 50 day moving average of $67.
20 and a 200-day moving average of $62.82. Pegasystems Inc.
has a 52 week low of $37.66 and a 52 week high of $74.40.
Pegasystems ( NASDAQ:PEGA – Get Free Report ) last issued its earnings results on Wednesday, July 24th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.
22 by $0.30. The company had revenue of $351.
20 million during the quarter, compared to analyst estimates of $323.55 million. Pegasystems had a return on equity of 49.
62% and a net margin of 8.72%. The business’s revenue was up 17.
7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.41) EPS.
As a group, equities analysts predict that Pegasystems Inc. will post 1.54 earnings per share for the current fiscal year.
Pegasystems Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.03 per share.
The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.12 annualized dividend and a yield of 0.
16%. Pegasystems’s payout ratio is 14.63%.
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. Further Reading 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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