Pegasystems Inc. $PEGA Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its stake in Pegasystems Inc. (NASDAQ:PEGA) by 95.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 473,897 shares of the technology company’s stock after acquiring an additional 231,691 shares during the quarter. Quantinno Capital Management LP’s holdings in Pegasystems were worth $20,169,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PEGA. NewEdge Advisors LLC lifted its stake in shares of Pegasystems by 141,900.0% in the 1st quarter. NewEdge Advisors LLC now owns 4,260 shares of the technology company’s stock worth $296,000 after acquiring an additional 4,257 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Pegasystems by 450.4% during the first quarter. Jones Financial Companies Lllp now owns 1,844 shares of the technology company’s stock valued at $128,000 after acquiring an additional 1,509 shares during the period. Goldman Sachs Group Inc. raised its holdings in Pegasystems by 5.6% during the first quarter. Goldman Sachs Group Inc. now owns 248,168 shares of the technology company’s stock worth $17,253,000 after purchasing an additional 13,075 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Pegasystems by 18.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 155,783 shares of the technology company’s stock worth $10,830,000 after purchasing an additional 23,713 shares in the last quarter. Finally, Focus Partners Wealth lifted its position in Pegasystems by 55.0% in the first quarter. Focus Partners Wealth now owns 5,476 shares of the technology company’s stock worth $381,000 after purchasing an additional 1,943 shares during the period. Institutional investors and hedge funds own 46.89% of the company’s stock.

Insider Buying and Selling

In related news, CAO Efstathios A. Kouninis sold 750 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $36.99, for a total value of $27,742.50. Following the completion of the sale, the chief accounting officer owned 2,144 shares in the company, valued at approximately $79,306.56. This represents a 25.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rifat Kerim Akgonul sold 4,545 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $33.35, for a total value of $151,575.75. Following the completion of the sale, the insider owned 107,070 shares of the company’s stock, valued at $3,570,784.50. The trade was a 4.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,795 shares of company stock worth $229,613 in the last 90 days. 48.40% of the stock is owned by company insiders.

Pegasystems Stock Up 1.7%

NASDAQ:PEGA opened at $30.55 on Friday. The stock has a fifty day simple moving average of $31.71 and a 200 day simple moving average of $38.67. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 17.26 and a beta of 0.87. Pegasystems Inc. has a 1-year low of $25.10 and a 1-year high of $68.10.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Tuesday, July 21st. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.08). Pegasystems had a return on equity of 32.21% and a net margin of 18.66%.The company had revenue of $420.72 million for the quarter, compared to analyst estimates of $427.38 million. During the same quarter in the previous year, the firm posted $0.28 EPS. Pegasystems’s quarterly revenue was up 9.4% on a year-over-year basis. Equities analysts predict that Pegasystems Inc. will post 1.71 earnings per share for the current year.

Pegasystems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.03 per share. The ex-dividend date was Wednesday, July 1st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. Pegasystems’s payout ratio is currently 6.78%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PEGA shares. William Blair cut Pegasystems from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 22nd. DA Davidson set a $32.00 price target on shares of Pegasystems and gave the stock a “buy” rating in a research report on Friday, July 24th. Barclays restated an “overweight” rating and set a $39.00 price objective (down from $48.00) on shares of Pegasystems in a research report on Thursday, July 23rd. Zacks Research lowered shares of Pegasystems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Finally, Loop Capital cut shares of Pegasystems from a “buy” rating to a “hold” rating and reduced their target price for the stock from $55.00 to $25.00 in a report on Thursday, July 23rd. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $50.10.

Pegasystems Company Profile

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.