Dimensional Fund Advisors LP Lowers Holdings in Pegasystems Inc. (PEGA)
Dimensional Fund Advisors LP decreased its position in Pegasystems Inc. (NASDAQ:PEGA) by 2.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,383,243 shares of the technology company’s stock after selling 31,197 shares during the period. Dimensional Fund Advisors LP owned about 1.79% of Pegasystems worth $80,714,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Daiwa Securities Group Inc. acquired a new stake in Pegasystems in the second quarter valued at $105,000. Sei Investments Co. grew its holdings in Pegasystems by 4,892.9% in the second quarter. Sei Investments Co. now owns 2,097 shares of the technology company’s stock valued at $122,000 after purchasing an additional 2,055 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Pegasystems in the first quarter valued at $137,000. Cambridge Trust Co. acquired a new stake in Pegasystems in the first quarter valued at $219,000. Finally, Janus Capital Management LLC acquired a new stake in Pegasystems in the first quarter valued at $239,000. 44.47% of the stock is currently owned by institutional investors.
In related news, Director Richard H. Jones sold 11,200 shares of Pegasystems stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $59.97, for a total value of $671,664.00. Following the transaction, the director now directly owns 529,292 shares in the company, valued at approximately $31,741,641.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Leon Trefler sold 6,393 shares of Pegasystems stock in a transaction on Monday, August 21st. The stock was sold at an average price of $54.65, for a total value of $349,377.45. Following the completion of the transaction, the senior vice president now owns 16,680 shares in the company, valued at $911,562. The disclosure for this sale can be found here. Insiders sold a total of 32,954 shares of company stock worth $1,925,203 over the last 90 days. Insiders own 53.61% of the company’s stock.
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Shares of Pegasystems Inc. (NASDAQ PEGA) opened at 59.65 on Friday. Pegasystems Inc. has a 1-year low of $28.43 and a 1-year high of $64.85. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 95.44 and a beta of 1.48. The company’s 50 day moving average price is $56.87 and its 200-day moving average price is $54.63.
Pegasystems (NASDAQ:PEGA) last issued its earnings results on Wednesday, August 9th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.04). The company had revenue of $197.98 million during the quarter, compared to analyst estimates of $205.06 million. Pegasystems had a return on equity of 13.06% and a net margin of 6.17%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 earnings per share. Equities analysts expect that Pegasystems Inc. will post $0.97 EPS for the current fiscal year.
The business also recently announced a dividend, which was paid on Friday, October 6th. Investors of record on Monday, October 2nd were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, September 29th. Pegasystems’s payout ratio is 19.67%.
PEGA has been the topic of several research reports. BidaskClub lowered Pegasystems from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Zacks Investment Research lowered Pegasystems from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Finally, Mitsubishi UFJ Financial Group set a $57.00 target price on Pegasystems and gave the company a “buy” rating in a report on Thursday, August 10th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $63.00.
Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.
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