LPL Financial LLC Has $1.03 Million Stock Position in Pegasystems Inc. (NASDAQ:PEGA)

LPL Financial LLC increased its position in shares of Pegasystems Inc. (NASDAQ:PEGA) by 136.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,995 shares of the technology company’s stock after acquiring an additional 6,344 shares during the quarter. LPL Financial LLC’s holdings in Pegasystems were worth $1,025,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Principal Securities Inc. grew its position in Pegasystems by 150.5% during the 4th quarter. Principal Securities Inc. now owns 278 shares of the technology company’s stock worth $26,000 after purchasing an additional 167 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Pegasystems by 85.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company’s stock worth $30,000 after buying an additional 149 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Pegasystems during the fourth quarter valued at $61,000. Global Retirement Partners LLC raised its position in Pegasystems by 48.0% during the fourth quarter. Global Retirement Partners LLC now owns 789 shares of the technology company’s stock valued at $74,000 after buying an additional 256 shares during the period. Finally, KBC Group NV lifted its stake in Pegasystems by 28.6% in the 4th quarter. KBC Group NV now owns 1,791 shares of the technology company’s stock worth $167,000 after acquiring an additional 398 shares in the last quarter. Institutional investors and hedge funds own 46.89% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. DA Davidson lowered their target price on Pegasystems from $90.00 to $70.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Barclays dropped their price objective on shares of Pegasystems from $103.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. JMP Securities reiterated a “market outperform” rating and issued a $110.00 target price on shares of Pegasystems in a research report on Thursday, February 13th. Rosenblatt Securities boosted their price target on shares of Pegasystems from $95.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, KeyCorp decreased their target price on shares of Pegasystems from $118.00 to $94.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $97.27.

Insider Buying and Selling at Pegasystems

In related news, Chairman Alan Trefler sold 31,500 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $77.38, for a total value of $2,437,470.00. Following the sale, the chairman now owns 17,308,786 shares of the company’s stock, valued at $1,339,353,860.68. The trade was a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kenneth Stillwell sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $105.63, for a total transaction of $211,260.00. Following the transaction, the chief financial officer now owns 14,466 shares of the company’s stock, valued at approximately $1,528,043.58. This represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,791 shares of company stock valued at $6,134,554 in the last 90 days. 50.10% of the stock is currently owned by company insiders.

Pegasystems Stock Performance

Shares of PEGA opened at $68.34 on Monday. Pegasystems Inc. has a 52 week low of $54.55 and a 52 week high of $113.67. The firm has a market capitalization of $5.87 billion, a P/E ratio of 67.66 and a beta of 1.22. The company has a 50-day simple moving average of $74.08 and a 200-day simple moving average of $85.45.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.20). Pegasystems had a net margin of 6.63% and a return on equity of 32.09%. As a group, equities analysts forecast that Pegasystems Inc. will post 1.89 earnings per share for the current year.

Pegasystems Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.015 per share. The ex-dividend date was Tuesday, April 1st. This represents a $0.06 dividend on an annualized basis and a yield of 0.09%. Pegasystems’s dividend payout ratio is currently 11.88%.

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.