Great West Life Assurance Co. Can maintained its position in Pegasystems Inc. (NASDAQ:PEGA) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,524 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in Pegasystems were worth $140,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its stake in shares of Pegasystems by 9.2% in the first quarter. Legal & General Group Plc now owns 9,285 shares of the company’s stock valued at $235,000 after buying an additional 782 shares during the last quarter. Algert Global LLC bought a new stake in shares of Pegasystems during the first quarter valued at approximately $244,000. Bank of Montreal Can bought a new stake in shares of Pegasystems during the second quarter valued at approximately $292,000. Zebra Capital Management LLC increased its stake in shares of Pegasystems by 18.9% in the first quarter. Zebra Capital Management LLC now owns 17,014 shares of the company’s stock valued at $432,000 after buying an additional 2,710 shares during the last quarter. Finally, HBK Investments L P increased its stake in shares of Pegasystems by 79.5% in the first quarter. HBK Investments L P now owns 28,300 shares of the company’s stock valued at $718,000 after buying an additional 12,538 shares during the last quarter. Institutional investors own 41.74% of the company’s stock.
Shares of Pegasystems Inc. (NASDAQ:PEGA) traded down 0.75% on Friday, hitting $29.27. The stock had a trading volume of 254,795 shares. The stock has a market cap of $2.23 billion, a P/E ratio of 57.39 and a beta of 1.88. Pegasystems Inc. has a 1-year low of $20.38 and a 1-year high of $30.23. The firm’s 50-day moving average is $26.37 and its 200 day moving average is $26.39.
Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. Pegasystems had a return on equity of 16.25% and a net margin of 5.44%. The company earned $189 million during the quarter, compared to analysts’ expectations of $185.19 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. Equities analysts forecast that Pegasystems Inc. will post $0.91 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be given a $0.03 dividend. The ex-dividend date is Thursday, September 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.41%. Pegasystems’s dividend payout ratio is currently 24.00%.
Several equities research analysts recently commented on the company. Wedbush reiterated an “outperform” rating and set a $32.00 target price on shares of Pegasystems in a report on Tuesday. Zacks Investment Research upgraded Pegasystems from a “sell” rating to a “hold” rating in a research note on Tuesday, August 30th. TheStreet lowered Pegasystems from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Finally, JMP Securities restated a “buy” rating on shares of Pegasystems in a research note on Wednesday, June 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Pegasystems presently has an average rating of “Hold” and an average price target of $30.67.
In related news, Director William W. Wyman sold 16,700 shares of the business’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $27.91, for a total transaction of $466,097.00. Following the completion of the transaction, the director now owns 16,741 shares of the company’s stock, valued at approximately $467,241.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Larry Weber sold 2,000 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $25.15, for a total value of $50,300.00. Following the transaction, the director now directly owns 4,546 shares of the company’s stock, valued at approximately $114,331.90. The disclosure for this sale can be found here. 53.44% of the stock is owned by company insiders.
Pegasystems Company Profile
Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega 7 platform. Its software is designed to assist clients in building, deploying, and evolving enterprise applications.
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