Dynamic Technology Lab Private Ltd Buys Shares of 16,259 Pegasystems Inc. (PEGA)
Dynamic Technology Lab Private Ltd bought a new position in Pegasystems Inc. (NASDAQ:PEGA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,259 shares of the technology company’s stock, valued at approximately $949,000.
Several other institutional investors and hedge funds have also made changes to their positions in PEGA. Daiwa Securities Group Inc. acquired a new position in Pegasystems during the 2nd quarter worth $105,000. Sei Investments Co. lifted its holdings in Pegasystems by 4,892.9% during the 2nd quarter. Sei Investments Co. now owns 2,097 shares of the technology company’s stock worth $122,000 after buying an additional 2,055 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in Pegasystems during the 1st quarter worth $137,000. Cambridge Trust Co. acquired a new position in Pegasystems during the 1st quarter worth $219,000. Finally, Janus Capital Management LLC acquired a new position in Pegasystems during the 1st quarter worth $239,000. 44.47% of the stock is currently owned by institutional investors and hedge funds.
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Pegasystems Inc. (NASDAQ:PEGA) traded down 0.50% on Monday, reaching $59.80. The company’s stock had a trading volume of 21,790 shares. Pegasystems Inc. has a 12 month low of $29.10 and a 12 month high of $64.85. The firm has a market cap of $4.64 billion, a P/E ratio of 95.68 and a beta of 1.48. The firm’s 50 day moving average is $57.69 and its 200-day moving average is $55.45.
Pegasystems (NASDAQ:PEGA) last issued its earnings results on Wednesday, August 9th. The technology company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.04). Pegasystems had a net margin of 6.17% and a return on equity of 13.06%. The company had revenue of $197.98 million during the quarter, compared to analyst estimates of $205.06 million. During the same quarter in the prior year, the business earned $0.19 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities research analysts anticipate that Pegasystems Inc. will post $0.97 EPS for the current year.
The firm also recently declared a dividend, which was paid on Friday, October 6th. Stockholders of record on Monday, October 2nd were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, September 29th. Pegasystems’s dividend payout ratio (DPR) is presently 19.67%.
In other news, CFO Kenneth Stillwell sold 1,228 shares of Pegasystems stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $57.97, for a total transaction of $71,187.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Douglas I. Kra sold 1,194 shares of Pegasystems stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $60.20, for a total transaction of $71,878.80. Following the transaction, the senior vice president now owns 24,817 shares in the company, valued at approximately $1,493,983.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,432 shares of company stock worth $1,834,674. 53.61% of the stock is owned by company insiders.
PEGA has been the topic of several research reports. BidaskClub downgraded Pegasystems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised Pegasystems from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Wednesday, July 19th. Finally, Mitsubishi UFJ Financial Group set a $57.00 price objective on Pegasystems and gave the stock 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. Pegasystems has an average rating of “Buy” and a consensus price target of $63.00.
Pegasystems Company Profile
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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