Strs Ohio Buys Shares of 15,156 Pegasystems Inc. $PEGA

Strs Ohio bought a new stake in shares of Pegasystems Inc. (NASDAQ:PEGA) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 15,156 shares of the technology company’s stock, valued at approximately $1,054,000.

Several other institutional investors have also added to or reduced their stakes in PEGA. CX Institutional purchased a new stake in Pegasystems during the 1st quarter valued at $36,000. SBI Securities Co. Ltd. boosted its stake in shares of Pegasystems by 139.7% in the 1st quarter. SBI Securities Co. Ltd. now owns 549 shares of the technology company’s stock worth $38,000 after buying an additional 320 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Pegasystems by 50.5% in the 1st quarter. GAMMA Investing LLC now owns 599 shares of the technology company’s stock worth $42,000 after buying an additional 201 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Pegasystems in the 1st quarter worth $57,000. Finally, Vestcor Inc purchased a new position in shares of Pegasystems in the 1st quarter worth $63,000. 46.89% of the stock is currently owned by hedge funds and other institutional investors.

Pegasystems Stock Performance

Shares of Pegasystems stock opened at $59.68 on Friday. Pegasystems Inc. has a one year low of $29.84 and a one year high of $60.96. The stock’s fifty day moving average is $54.69 and its 200 day moving average is $47.59. The stock has a market cap of $10.21 billion, a P/E ratio of 51.23 and a beta of 1.08.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The business had revenue of $384.51 million for the quarter, compared to analysts’ expectations of $345.07 million. Pegasystems had a return on equity of 42.42% and a net margin of 13.14%.The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the firm earned $0.26 earnings per share. Analysts predict that Pegasystems Inc. will post 1.89 EPS for the current year.

Pegasystems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $0.12 dividend on an annualized basis and a yield of 0.2%. Pegasystems’s dividend payout ratio (DPR) is currently 10.34%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada restated an “outperform” rating and issued a $60.00 price target on shares of Pegasystems in a research note on Tuesday, June 3rd. Citigroup raised their price target on Pegasystems from $66.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Loop Capital raised their price target on Pegasystems from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. DA Davidson raised their price target on Pegasystems from $50.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Finally, Barclays raised their price target on Pegasystems from $50.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 23rd. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Pegasystems currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.83.

Insider Buying and Selling at Pegasystems

In other Pegasystems news, CAO Efstathios A. Kouninis sold 2,544 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $59.00, for a total transaction of $150,096.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Larry Weber sold 2,636 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $56.98, for a total value of $150,199.28. Following the sale, the director directly owned 10,632 shares in the company, valued at approximately $605,811.36. This represents a 19.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 181,607 shares of company stock valued at $10,255,134. 49.70% of the stock is currently owned by corporate insiders.

About Pegasystems

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.