Pegasystems Inc. (PEGA) Holdings Cut by GSA Capital Partners LLP

GSA Capital Partners LLP trimmed its holdings in shares of Pegasystems Inc. (NASDAQ:PEGA) by 64.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,969 shares of the technology company’s stock after selling 16,321 shares during the period. GSA Capital Partners LLP’s holdings in Pegasystems were worth $523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Comerica Bank purchased a new stake in Pegasystems during the 2nd quarter worth about $1,234,000. Scout Investments Inc. increased its position in shares of Pegasystems by 3.9% during the second quarter. Scout Investments Inc. now owns 95,225 shares of the technology company’s stock worth $5,556,000 after purchasing an additional 3,575 shares in the last quarter. Vista Equity Partners Management LLC increased its position in shares of Pegasystems by 81.2% during the first quarter. Vista Equity Partners Management LLC now owns 302,571 shares of the technology company’s stock worth $13,268,000 after purchasing an additional 135,582 shares in the last quarter. Credit Suisse AG increased its position in shares of Pegasystems by 403.2% during the first quarter. Credit Suisse AG now owns 159,924 shares of the technology company’s stock worth $7,013,000 after purchasing an additional 128,144 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in Pegasystems in the 2nd quarter valued at about $782,000. 44.47% of the stock is owned by institutional investors.

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Several equities analysts recently issued reports on the company. BidaskClub cut Pegasystems from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Mitsubishi UFJ Financial Group set a $57.00 price objective on Pegasystems and gave the company a “buy” rating in a report on Thursday, August 10th. Finally, Zacks Investment Research lowered Pegasystems from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Pegasystems currently has a consensus rating of “Buy” and a consensus price target of $63.00.

In related news, SVP Leon Trefler sold 6,393 shares of Pegasystems stock in a transaction on Monday, August 21st. The shares were sold at an average price of $54.65, for a total value of $349,377.45. Following the transaction, the senior vice president now owns 16,680 shares in the company, valued at approximately $911,562. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Larry Weber sold 500 shares of Pegasystems stock in a transaction on Monday, August 14th. The stock was sold at an average price of $55.55, for a total transaction of $27,775.00. Following the completion of the transaction, the director now owns 2,454 shares in the company, valued at approximately $136,319.70. The disclosure for this sale can be found here. Insiders sold a total of 31,432 shares of company stock worth $1,834,674 in the last quarter. Insiders own 53.61% of the company’s stock.

Shares of Pegasystems Inc. (PEGA) opened at 59.65 on Wednesday. Pegasystems Inc. has a one year low of $28.43 and a one year high of $64.85. The firm has a market capitalization of $4.63 billion, a P/E ratio of 95.44 and a beta of 1.48. The company has a 50-day moving average price of $57.16 and a 200 day moving average price of $55.07.

Pegasystems (NASDAQ:PEGA) last announced its earnings results on Wednesday, August 9th. The technology company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.04). The firm had revenue of $197.98 million during the quarter, compared to the consensus estimate of $205.06 million. Pegasystems had a return on equity of 13.06% and a net margin of 6.17%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.19 EPS. Analysts expect that Pegasystems Inc. will post $0.97 earnings per share for the current fiscal year.

The company also recently announced a dividend, which was paid on Friday, October 6th. Investors of record on Monday, October 2nd were issued a $0.03 dividend. The ex-dividend date was Friday, September 29th. Pegasystems’s dividend payout ratio (DPR) is presently 19.67%.

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 platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.

Institutional Ownership by Quarter for Pegasystems (NASDAQ:PEGA)

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