17,285 Shares in Pegasystems Inc. $PEGA Bought by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. purchased a new stake in Pegasystems Inc. (NASDAQ:PEGA) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 17,285 shares of the technology company’s stock, valued at approximately $936,000.

Other large investors also recently bought and sold shares of the company. Spire Wealth Management increased its position in shares of Pegasystems by 274.2% during the second quarter. Spire Wealth Management now owns 565 shares of the technology company’s stock worth $31,000 after purchasing an additional 414 shares in the last quarter. MAI Capital Management grew its stake in Pegasystems by 124.5% during the 2nd quarter. MAI Capital Management now owns 696 shares of the technology company’s stock worth $38,000 after buying an additional 386 shares during the last quarter. UMB Bank n.a. grew its stake in Pegasystems by 159.8% during the 2nd quarter. UMB Bank n.a. now owns 730 shares of the technology company’s stock worth $40,000 after buying an additional 449 shares during the last quarter. First Horizon Advisors Inc. increased its position in Pegasystems by 335.7% during the second quarter. First Horizon Advisors Inc. now owns 732 shares of the technology company’s stock worth $40,000 after buying an additional 564 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Pegasystems during the second quarter worth approximately $54,000. Institutional investors and hedge funds own 46.89% of the company’s stock.

Pegasystems Stock Performance

PEGA stock opened at $54.32 on Friday. The stock has a market capitalization of $9.22 billion, a PE ratio of 36.46 and a beta of 1.09. The company has a fifty day moving average of $58.16 and a 200-day moving average of $54.66. Pegasystems Inc. has a one year low of $29.84 and a one year high of $68.10.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings results on Tuesday, October 21st. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.12. The business had revenue of $381.35 million for the quarter, compared to analyst estimates of $351.95 million. Pegasystems had a net margin of 16.05% and a return on equity of 43.49%. The business’s revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 earnings per share. Equities analysts forecast that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Pegasystems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, October 1st. Pegasystems’s dividend payout ratio (DPR) is currently 8.05%.

Insider Transactions at Pegasystems

In other Pegasystems news, insider Leon Trefler sold 14,865 shares of the business’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $63.40, for a total transaction of $942,441.00. Following the sale, the insider directly owned 118,799 shares in the company, valued at approximately $7,531,856.60. The trade was a 11.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kenneth Stillwell sold 11,442 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $62.18, for a total transaction of $711,463.56. Following the transaction, the chief financial officer directly owned 127,826 shares in the company, valued at approximately $7,948,220.68. This trade represents a 8.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 203,895 shares of company stock valued at $12,179,202. 50.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PEGA shares. DA Davidson raised Pegasystems from a “neutral” rating to a “buy” rating and increased their price objective for the company from $60.00 to $85.00 in a report on Wednesday, October 22nd. Rosenblatt Securities increased their price target on shares of Pegasystems from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Wall Street Zen downgraded shares of Pegasystems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. Barclays lifted their price objective on shares of Pegasystems from $58.00 to $67.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. Finally, Wedbush upped their target price on shares of Pegasystems from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Pegasystems has an average rating of “Moderate Buy” and a consensus price target of $69.61.

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.