Guggenheim Capital LLC Lowers Holdings in Pegasystems Inc. (NASDAQ:PEGA)

Guggenheim Capital LLC cut its position in Pegasystems Inc. (NASDAQ:PEGA) by 2.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,666 shares of the technology company’s stock after selling 396 shares during the quarter. Guggenheim Capital LLC’s holdings in Pegasystems were worth $711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC raised its position in shares of Pegasystems by 502.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,754 shares of the technology company’s stock valued at $56,000 after buying an additional 1,463 shares in the last quarter. Gyon Technologies Capital Management LP purchased a new stake in shares of Pegasystems during the 4th quarter valued at $61,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of Pegasystems during the 1st quarter valued at $87,000. Captrust Financial Advisors raised its position in shares of Pegasystems by 109.8% during the 1st quarter. Captrust Financial Advisors now owns 1,326 shares of the technology company’s stock valued at $107,000 after buying an additional 694 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Pegasystems during the 1st quarter valued at $117,000. 46.89% of the stock is currently owned by hedge funds and other institutional investors.

Pegasystems Stock Down 3.0 %

Shares of Pegasystems stock opened at $49.41 on Wednesday. The company has a market cap of $4.11 billion, a price-to-earnings ratio of -32.08 and a beta of 1.03. The company’s 50 day moving average is $50.69 and its 200 day moving average is $47.92. Pegasystems Inc. has a twelve month low of $29.05 and a twelve month high of $59.23. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 3.43.

Pegasystems (NASDAQ:PEGA) last announced its earnings results on Wednesday, July 26th. The technology company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.07). Pegasystems had a negative net margin of 9.80% and a negative return on equity of 59.82%. The business had revenue of $298.27 million for the quarter, compared to analysts’ expectations of $309.61 million. Research analysts anticipate that Pegasystems Inc. will post -0.01 EPS for the current year.

Pegasystems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Monday, July 3rd were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, June 30th. This represents a $0.12 annualized dividend and a yield of 0.24%. Pegasystems’s dividend payout ratio (DPR) is currently -7.79%.

Insider Buying and Selling at Pegasystems

In other news, insider Leon Trefler sold 3,244 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $50.00, for a total value of $162,200.00. Following the completion of the sale, the insider now owns 28,130 shares in the company, valued at approximately $1,406,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Pegasystems news, CAO Efstathios A. Kouninis sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $49.50, for a total transaction of $49,500.00. Following the transaction, the chief accounting officer now owns 107 shares of the company’s stock, valued at approximately $5,296.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Leon Trefler sold 3,244 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $50.00, for a total transaction of $162,200.00. Following the transaction, the insider now directly owns 28,130 shares in the company, valued at approximately $1,406,500. The disclosure for this sale can be found here. Insiders sold 6,270 shares of company stock worth $317,173 over the last 90 days. 50.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PEGA shares. StockNews.com started coverage on shares of Pegasystems in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Citigroup reduced their target price on shares of Pegasystems from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, July 28th. JPMorgan Chase & Co. raised their price target on shares of Pegasystems from $55.00 to $58.00 in a report on Tuesday, June 13th. DA Davidson lifted their target price on shares of Pegasystems from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, July 28th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $62.00 target price on shares of Pegasystems in a research note on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $53.82.

Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software applications 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 Platform, an intelligent automation software for clients' processes and workflows; and Pega Infinity, a software platform that unifies customer engagement and digital process automation.