Vontobel Holding Ltd. Cuts Stock Position in Pegasystems Inc. (NASDAQ:PEGA)

Vontobel Holding Ltd. decreased its position in shares of Pegasystems Inc. (NASDAQ:PEGA) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,525 shares of the technology company’s stock after selling 6,892 shares during the period. Vontobel Holding Ltd.’s holdings in Pegasystems were worth $2,713,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Pegasystems by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,004,116 shares of the technology company’s stock valued at $217,229,000 after purchasing an additional 310,242 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Pegasystems by 3.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 946,109 shares of the technology company’s stock valued at $46,227,000 after buying an additional 31,925 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Pegasystems by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 318,002 shares of the technology company’s stock valued at $13,804,000 after buying an additional 10,653 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Pegasystems in the third quarter worth about $2,104,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Pegasystems during the third quarter worth about $114,000. 46.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Pegasystems

In other Pegasystems news, Director Richard H. Jones sold 10,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $63.39, for a total value of $633,900.00. Following the completion of the transaction, the director now owns 379,658 shares in the company, valued at $24,066,520.62. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Kenneth Stillwell sold 20,606 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $63.17, for a total value of $1,301,681.02. Following the completion of the sale, the chief financial officer now owns 24,535 shares of the company’s stock, valued at approximately $1,549,875.95. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard H. Jones sold 10,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $63.39, for a total transaction of $633,900.00. Following the transaction, the director now owns 379,658 shares of the company’s stock, valued at $24,066,520.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,792 shares of company stock worth $2,781,669. 50.20% of the stock is owned by company insiders.

Pegasystems Trading Down 0.9 %

NASDAQ PEGA opened at $58.40 on Friday. The company has a fifty day moving average of $62.40 and a 200 day moving average of $52.46. The company has a market capitalization of $4.90 billion, a PE ratio of 82.25 and a beta of 1.06. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.78 and a quick ratio of 1.78. Pegasystems Inc. has a 1 year low of $37.66 and a 1 year high of $69.26.

Pegasystems (NASDAQ:PEGA) last posted its earnings results on Wednesday, February 14th. The technology company reported $1.42 EPS for the quarter, topping the consensus estimate of $0.78 by $0.64. Pegasystems had a return on equity of 39.30% and a net margin of 4.73%. The firm had revenue of $474.23 million for the quarter, compared to analyst estimates of $428.76 million. Research analysts forecast that Pegasystems Inc. will post 1.49 earnings per share for the current year.

Pegasystems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date was Thursday, March 28th. Pegasystems’s dividend payout ratio (DPR) is presently 16.90%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Royal Bank of Canada increased their price objective on shares of Pegasystems from $65.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. The Goldman Sachs Group raised their price target on shares of Pegasystems from $50.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. StockNews.com raised shares of Pegasystems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 13th. Barclays reduced their target price on Pegasystems from $68.00 to $66.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Citigroup lifted their price target on Pegasystems from $86.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.56.

Pegasystems Profile

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software 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 Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients' processes and workflows.