Diversified Trust Co Buys 3,989 Shares of Pegasystems Inc. $PEGA

Diversified Trust Co grew its stake in shares of Pegasystems Inc. (NASDAQ:PEGA) by 56.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,996 shares of the technology company’s stock after buying an additional 3,989 shares during the quarter. Diversified Trust Co’s holdings in Pegasystems were worth $595,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PEGA. CX Institutional bought a new position in shares of Pegasystems during the first quarter valued at about $36,000. SBI Securities Co. Ltd. grew its stake in shares of Pegasystems by 139.7% during the first quarter. SBI Securities Co. Ltd. now owns 549 shares of the technology company’s stock valued at $38,000 after buying an additional 320 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Pegasystems by 50.5% during the first quarter. GAMMA Investing LLC now owns 599 shares of the technology company’s stock valued at $42,000 after buying an additional 201 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Pegasystems during the first quarter valued at about $57,000. Finally, Vestcor Inc bought a new position in shares of Pegasystems during the first quarter valued at about $63,000. 46.89% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on PEGA shares. DA Davidson increased their target price on shares of Pegasystems from $50.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Barclays increased their target price on shares of Pegasystems from $50.00 to $58.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 23rd. Wedbush increased their target price on shares of Pegasystems from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Royal Bank Of Canada reiterated an “outperform” rating and set a $60.00 target price on shares of Pegasystems in a report on Tuesday, June 3rd. Finally, JMP Securities increased their target price on shares of Pegasystems from $55.00 to $62.50 and gave the stock a “market outperform” rating in a report on Tuesday, June 3rd. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.83.

Pegasystems Trading Up 0.6%

PEGA stock opened at $60.36 on Wednesday. The stock has a market capitalization of $10.33 billion, a PE ratio of 51.81 and a beta of 1.08. Pegasystems Inc. has a 12-month low of $29.84 and a 12-month high of $60.96. The stock’s 50 day simple moving average is $55.28 and its 200 day simple moving average is $48.09.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 EPS. On average, research analysts predict that Pegasystems Inc. will post 1.89 earnings per share for the current year.

Pegasystems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $0.12 annualized dividend and a yield of 0.2%. Pegasystems’s dividend payout ratio is 10.34%.

Insiders Place Their Bets

In other Pegasystems news, CFO Kenneth Stillwell sold 11,147 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $58.19, for a total transaction of $648,643.93. Following the completion of the sale, the chief financial officer directly owned 119,868 shares in the company, valued at approximately $6,975,118.92. The trade was a 8.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Alan Trefler sold 45,000 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $57.49, for a total value of $2,587,050.00. Following the transaction, the chairman directly owned 32,961,692 shares in the company, valued at $1,894,967,673.08. The trade was a 0.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 181,607 shares of company stock valued at $10,255,134. Insiders own 50.10% of the company’s stock.

Pegasystems Company 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.