Fieldview Capital Management LLC Reduces Position in Pegasystems Inc. $PEGA

Fieldview Capital Management LLC lowered its position in Pegasystems Inc. (NASDAQ:PEGA) by 83.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,773 shares of the technology company’s stock after selling 69,172 shares during the quarter. Fieldview Capital Management LLC’s holdings in Pegasystems were worth $792,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of PEGA. Vanguard Group Inc. increased its holdings in shares of Pegasystems by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 11,272,359 shares of the technology company’s stock valued at $648,161,000 after acquiring an additional 221,791 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Pegasystems by 23.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,987,291 shares of the technology company’s stock worth $286,769,000 after purchasing an additional 937,216 shares during the period. AQR Capital Management LLC grew its position in Pegasystems by 236.2% during the 2nd quarter. AQR Capital Management LLC now owns 4,037,552 shares of the technology company’s stock worth $217,584,000 after purchasing an additional 2,836,733 shares during the last quarter. Bares Capital Management Inc. grew its position in Pegasystems by 76.6% during the 2nd quarter. Bares Capital Management Inc. now owns 3,542,716 shares of the technology company’s stock worth $191,767,000 after purchasing an additional 1,536,726 shares during the last quarter. Finally, State Street Corp increased its stake in Pegasystems by 255.3% in the second quarter. State Street Corp now owns 2,907,677 shares of the technology company’s stock valued at $157,393,000 after purchasing an additional 2,089,375 shares during the period. 46.89% of the stock is owned by institutional investors and hedge funds.

Pegasystems Stock Down 3.2%

Shares of NASDAQ:PEGA opened at $44.69 on Wednesday. Pegasystems Inc. has a 52 week low of $29.84 and a 52 week high of $68.10. The company has a 50-day moving average price of $48.20 and a 200 day moving average price of $54.57. The company has a market cap of $7.55 billion, a P/E ratio of 20.93 and a beta of 1.06.

Pegasystems (NASDAQ:PEGA) last issued its earnings results on Tuesday, February 10th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $504.32 million during the quarter, compared to the consensus estimate of $494.60 million. Pegasystems had a return on equity of 38.86% and a net margin of 22.54%.The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 EPS. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. Analysts expect that Pegasystems Inc. will post 1.89 EPS for the current year.

Pegasystems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were given a $0.03 dividend. The ex-dividend date was Friday, January 2nd. This represents a $0.12 annualized dividend and a yield of 0.3%. Pegasystems’s dividend payout ratio is presently 5.63%.

Insider Buying and Selling

In other Pegasystems news, Chairman Alan Trefler sold 45,000 shares of the business’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $49.02, for a total transaction of $2,205,900.00. Following the sale, the chairman directly owned 44,394,454 shares in the company, valued at approximately $2,176,216,135.08. The trade was a 0.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 50.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PEGA. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Pegasystems in a report on Monday, December 29th. Rosenblatt Securities restated a “buy” rating and issued a $62.00 price target on shares of Pegasystems in a research report on Thursday, February 12th. Citigroup reaffirmed a “buy” rating and set a $73.00 price objective (down from $81.00) on shares of Pegasystems in a research note on Thursday, February 12th. Royal Bank Of Canada set a $65.00 price objective on Pegasystems and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Finally, Wall Street Zen lowered Pegasystems from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Pegasystems presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.40.

About Pegasystems

Pegasystems Inc is a software company specializing in customer engagement and digital process automation solutions. Headquartered in Cambridge, Massachusetts, Pegasystems develops enterprise applications designed to help organizations streamline operations, manage customer interactions and automate complex workflows. Its platform supports a wide range of use cases, from sales and marketing optimization to case management and robotic process automation.

The core of Pegasystems’ offering is the Pega Platform, a low-code development environment that enables businesses to build and deploy applications with minimal hand-coding.