Signaturefd LLC Has $68,000 Stock Holdings in Pegasystems Inc. $PEGA

Signaturefd LLC raised its holdings in Pegasystems Inc. (NASDAQ:PEGA) by 129.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,262 shares of the technology company’s stock after buying an additional 711 shares during the quarter. Signaturefd LLC’s holdings in Pegasystems were worth $68,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA bought a new stake in shares of Pegasystems in the first quarter valued at approximately $151,149,000. TPG GP A LLC boosted its holdings in Pegasystems by 4.3% in the 1st quarter. TPG GP A LLC now owns 2,022,733 shares of the technology company’s stock valued at $140,620,000 after purchasing an additional 82,845 shares during the period. AQR Capital Management LLC boosted its holdings in Pegasystems by 60.1% in the 1st quarter. AQR Capital Management LLC now owns 1,200,819 shares of the technology company’s stock valued at $81,337,000 after purchasing an additional 450,951 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Pegasystems in the 1st quarter worth $68,229,000. Finally, Teacher Retirement System of Texas increased its holdings in shares of Pegasystems by 275.3% during the 1st quarter. Teacher Retirement System of Texas now owns 603,183 shares of the technology company’s stock worth $41,933,000 after purchasing an additional 442,462 shares during the period. 46.89% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PEGA has been the subject of several research reports. Citigroup increased their target price on shares of Pegasystems from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Wedbush lifted their price objective on Pegasystems from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Pegasystems in a research note on Saturday, September 27th. DA Davidson raised their target price on Pegasystems from $50.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Finally, Loop Capital boosted their price target on shares of Pegasystems from $60.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $61.83.

Pegasystems Trading Down 3.6%

NASDAQ:PEGA opened at $55.46 on Monday. Pegasystems Inc. has a 1-year low of $29.84 and a 1-year high of $61.00. The firm has a market capitalization of $9.49 billion, a price-to-earnings ratio of 47.61 and a beta of 1.08. The business’s 50-day moving average price is $55.94 and its two-hundred day moving average price is $49.42.

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

Pegasystems Announces Dividend

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

Insider Activity at Pegasystems

In other news, insider Rifat Kerim Akgonul sold 9,879 shares of the business’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $57.82, for a total value of $571,203.78. Following the completion of the transaction, the insider owned 78,560 shares of the company’s stock, valued at $4,542,339.20. The trade was a 11.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Efstathios A. Kouninis sold 2,544 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $59.00, for a total transaction of $150,096.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 177,607 shares of company stock valued at $10,044,574. 49.70% of the stock is owned by corporate insiders.

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.