WINTON GROUP Ltd decreased its holdings in shares of Pegasystems Inc. (NASDAQ:PEGA) by 44.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,980 shares of the technology company’s stock after selling 2,406 shares during the quarter. WINTON GROUP Ltd’s holdings in Pegasystems were worth $415,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in PEGA. Captrust Financial Advisors increased its stake in shares of Pegasystems by 44.2% during the 1st quarter. Captrust Financial Advisors now owns 509 shares of the technology company’s stock worth $58,000 after purchasing an additional 156 shares during the last quarter. Eaton Vance Management acquired a new position in shares of Pegasystems during the 1st quarter worth $63,000. FORA Capital LLC acquired a new position in Pegasystems in the 1st quarter valued at $75,000. Paragon Wealth Strategies LLC acquired a new position in Pegasystems in the 2nd quarter valued at $99,000. Finally, Panagora Asset Management Inc. grew its stake in Pegasystems by 8,781.8% in the 1st quarter. Panagora Asset Management Inc. now owns 977 shares of the technology company’s stock valued at $112,000 after buying an additional 966 shares during the last quarter. Institutional investors own 47.36% of the company’s stock.
PEGA has been the topic of a number of research analyst reports. Macquarie raised their target price on shares of Pegasystems from $165.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, June 4th. Royal Bank of Canada raised their target price on shares of Pegasystems from $150.00 to $165.00 in a research note on Tuesday, June 15th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $159.20.
Pegasystems (NASDAQ:PEGA) last released its quarterly earnings data on Wednesday, July 28th. The technology company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.72. The company had revenue of $325.70 million during the quarter, compared to the consensus estimate of $269.70 million. Pegasystems had a net margin of 1.32% and a negative return on equity of 11.22%. Analysts expect that Pegasystems Inc. will post -0.73 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Friday, October 1st will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date is Thursday, September 30th. Pegasystems’s payout ratio is -8.76%.
In other news, CFO Kenneth Stillwell sold 1,101 shares of the firm’s stock in a transaction dated Tuesday, August 24th. The shares were sold at an average price of $133.10, for a total transaction of $146,543.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Efstathios A. Kouninis sold 500 shares of the firm’s stock in a transaction dated Thursday, September 16th. The stock was sold at an average price of $132.50, for a total transaction of $66,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,274 shares of company stock valued at $303,648 over the last ninety days. 50.50% of the stock is owned by insiders.
Pegasystems, Inc engages in the development, market, license, and support of software, which allows organizations to build, deploy, and change enterprise applications. The company was founded by Alan Trefler in 1983 and is headquartered in Cambridge, MA.
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