Oak Thistle LLC Grows Stock Holdings in Pegasystems Inc. (NASDAQ:PEGA)

Oak Thistle LLC lifted its stake in Pegasystems Inc. (NASDAQ:PEGAFree Report) by 59.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,202 shares of the technology company’s stock after purchasing an additional 6,390 shares during the period. Oak Thistle LLC’s holdings in Pegasystems were worth $840,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PEGA. Arizona State Retirement System lifted its position in Pegasystems by 2.0% during the third quarter. Arizona State Retirement System now owns 11,810 shares of the technology company’s stock valued at $513,000 after buying an additional 228 shares during the period. Quent Capital LLC lifted its position in Pegasystems by 1.8% during the 4th quarter. Quent Capital LLC now owns 12,846 shares of the technology company’s stock valued at $628,000 after acquiring an additional 228 shares during the period. Treasurer of the State of North Carolina boosted its stake in Pegasystems by 1.4% during the second quarter. Treasurer of the State of North Carolina now owns 18,319 shares of the technology company’s stock worth $903,000 after acquiring an additional 250 shares in the last quarter. Prudential Financial Inc. boosted its stake in Pegasystems by 11.1% during the first quarter. Prudential Financial Inc. now owns 3,869 shares of the technology company’s stock worth $312,000 after acquiring an additional 385 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Pegasystems by 1.9% in the third quarter. Public Employees Retirement System of Ohio now owns 21,614 shares of the technology company’s stock worth $695,000 after purchasing an additional 405 shares during the period. Hedge funds and other institutional investors own 46.89% of the company’s stock.

Pegasystems Price Performance

Shares of NASDAQ:PEGA opened at $62.10 on Wednesday. The company has a market capitalization of $5.21 billion, a P/E ratio of 87.47 and a beta of 1.06. Pegasystems Inc. has a 1-year low of $37.66 and a 1-year high of $69.26. The firm’s 50 day simple moving average is $59.30 and its two-hundred day simple moving average is $50.93. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.78 and a quick ratio of 1.78.

Pegasystems (NASDAQ:PEGAGet Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.64. The business had revenue of $474.23 million during the quarter, compared to analyst estimates of $428.76 million. Pegasystems had a net margin of 4.73% and a return on equity of 39.30%. Research analysts expect that Pegasystems Inc. will post 1.49 EPS for the current fiscal year.

Pegasystems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date of this dividend is Thursday, March 28th. Pegasystems’s dividend payout ratio (DPR) is presently 16.90%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PEGA shares. Wedbush reaffirmed an “outperform” rating and issued a $58.00 price objective on shares of Pegasystems in a research report on Thursday, February 15th. StockNews.com upgraded Pegasystems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 13th. Barclays raised Pegasystems from an “underweight” rating to an “equal weight” rating and set a $52.00 target price for the company in a research report on Friday, January 12th. TheStreet raised shares of Pegasystems from a “d+” rating to a “c” rating in a report on Thursday, February 15th. Finally, Citigroup lifted their price target on shares of Pegasystems from $86.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.44.

View Our Latest Research Report on PEGA

Insider Activity

In related news, CFO Kenneth Stillwell sold 20,606 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $63.17, for a total value of $1,301,681.02. Following the completion of the sale, the chief financial officer now directly owns 24,535 shares in the company, valued at $1,549,875.95. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Pegasystems news, CFO Kenneth Stillwell sold 20,606 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $63.17, for a total transaction of $1,301,681.02. Following the completion of the transaction, the chief financial officer now owns 24,535 shares in the company, valued at $1,549,875.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Efstathios A. Kouninis sold 395 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $64.75, for a total value of $25,576.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,040 shares of company stock worth $2,605,991. 50.20% of the stock is currently owned by corporate insiders.

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.

Read More

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:PEGAFree Report).

Institutional Ownership by Quarter for Pegasystems (NASDAQ:PEGA)

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.