Lisanti Capital Growth LLC Has $5.59 Million Position in Pegasystems Inc. $PEGA

Lisanti Capital Growth LLC increased its holdings in shares of Pegasystems Inc. (NASDAQ:PEGA) by 36.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,526 shares of the technology company’s stock after acquiring an additional 24,960 shares during the quarter. Pegasystems comprises 1.3% of Lisanti Capital Growth LLC’s portfolio, making the stock its 25th biggest holding. Lisanti Capital Growth LLC’s holdings in Pegasystems were worth $5,585,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PEGA. AQR Capital Management LLC increased its holdings in shares of Pegasystems by 236.2% during the 2nd quarter. AQR Capital Management LLC now owns 4,037,552 shares of the technology company’s stock worth $217,584,000 after acquiring an additional 2,836,733 shares during the last quarter. State Street Corp increased its holdings in shares of Pegasystems by 255.3% during the 2nd quarter. State Street Corp now owns 2,907,677 shares of the technology company’s stock worth $157,393,000 after acquiring an additional 2,089,375 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Pegasystems by 357.6% during the 3rd quarter. American Century Companies Inc. now owns 1,586,793 shares of the technology company’s stock worth $91,241,000 after acquiring an additional 1,239,998 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Pegasystems by 271.7% during the 3rd quarter. First Trust Advisors LP now owns 1,111,736 shares of the technology company’s stock worth $63,925,000 after acquiring an additional 812,634 shares during the last quarter. Finally, Shannon River Fund Management LLC increased its holdings in shares of Pegasystems by 105.8% during the 3rd quarter. Shannon River Fund Management LLC now owns 1,384,219 shares of the technology company’s stock worth $79,593,000 after acquiring an additional 711,654 shares during the last quarter. 46.89% of the stock is owned by institutional investors and hedge funds.

Pegasystems Price Performance

PEGA opened at $34.35 on Friday. The business has a fifty day simple moving average of $39.25 and a 200 day simple moving average of $48.04. The company has a market capitalization of $5.74 billion, a PE ratio of 18.47 and a beta of 0.88. Pegasystems Inc. has a 1 year low of $32.00 and a 1 year high of $68.10.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Tuesday, April 21st. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.22). The firm had revenue of $429.97 million during the quarter, compared to the consensus estimate of $473.24 million. Pegasystems had a net margin of 20.04% and a return on equity of 30.05%. The business’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 earnings per share. Equities analysts anticipate that Pegasystems Inc. will post 1.95 earnings per share for the current fiscal year.

Pegasystems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Wednesday, April 1st. Pegasystems’s dividend payout ratio is presently 6.45%.

Insider Activity

In other news, CAO Efstathios A. Kouninis sold 1,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $42.88, for a total transaction of $42,880.00. Following the completion of the sale, the chief accounting officer directly owned 3,365 shares in the company, valued at approximately $144,291.20. This represents a 22.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kenneth Stillwell sold 44,000 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $44.81, for a total value of $1,971,640.00. Following the sale, the chief financial officer owned 109,123 shares of the company’s stock, valued at approximately $4,889,801.63. The trade was a 28.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 57,139 shares of company stock worth $2,495,599. 48.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wedbush reissued an “outperform” rating and set a $60.00 target price on shares of Pegasystems in a report on Thursday, April 23rd. Wall Street Zen lowered Pegasystems from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 14th. Royal Bank Of Canada restated an “outperform” rating and issued a $60.00 price target (down from $65.00) on shares of Pegasystems in a research note on Wednesday, April 22nd. DA Davidson set a $55.00 price target on Pegasystems and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, Citigroup boosted their price target on Pegasystems from $70.00 to $71.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Pegasystems presently has an average rating of “Moderate Buy” and an average target price of $63.70.

About Pegasystems

Pegasystems Inc is a software company specializing in customer engagement and digital process automation solutions. Headquartered in Cambridge, Massachusetts, Pegasystems develops enterprise applications designed to help organizations streamline operations, manage customer interactions and automate complex workflows. Its platform supports a wide range of use cases, from sales and marketing optimization to case management and robotic process automation.

The core of Pegasystems’ offering is the Pega Platform, a low-code development environment that enables businesses to build and deploy applications with minimal hand-coding.