Asset Management One Co. Ltd. Has $132,000 Stake in Pegasystems Inc. $PEGA

Asset Management One Co. Ltd. increased its stake in shares of Pegasystems Inc. (NASDAQ:PEGA) by 70.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,436 shares of the technology company’s stock after buying an additional 1,003 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Pegasystems were worth $132,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PEGA. Massachusetts Financial Services Co. MA bought a new stake in shares of Pegasystems during the 1st quarter valued at $151,149,000. Jacobs Levy Equity Management Inc. acquired a new position in Pegasystems in the first quarter valued at about $68,229,000. AQR Capital Management LLC raised its stake in Pegasystems by 60.1% in the first quarter. AQR Capital Management LLC now owns 1,200,819 shares of the technology company’s stock valued at $81,337,000 after purchasing an additional 450,951 shares in the last quarter. Teacher Retirement System of Texas lifted its position in Pegasystems by 275.3% during the first quarter. Teacher Retirement System of Texas now owns 603,183 shares of the technology company’s stock worth $41,933,000 after purchasing an additional 442,462 shares during the period. Finally, Herald Investment Management Ltd increased its holdings in Pegasystems by 100.0% in the 2nd quarter. Herald Investment Management Ltd now owns 703,600 shares of the technology company’s stock valued at $38,086,000 after buying an additional 351,800 shares during the period. Institutional investors own 46.89% of the company’s stock.

Pegasystems Price Performance

Pegasystems stock opened at $63.57 on Friday. The business has a 50 day moving average of $57.50 and a 200-day moving average of $52.51. The company has a market capitalization of $10.79 billion, a P/E ratio of 42.66 and a beta of 1.08. Pegasystems Inc. has a 1 year low of $29.84 and a 1 year high of $68.10.

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

Pegasystems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Wednesday, October 1st. Pegasystems’s dividend payout ratio is presently 8.05%.

Insider Buying and Selling at Pegasystems

In other Pegasystems news, CFO Kenneth Stillwell sold 17,171 shares of Pegasystems stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $66.40, for a total transaction of $1,140,154.40. Following the transaction, the chief financial officer directly owned 127,826 shares of the company’s stock, valued at approximately $8,487,646.40. The trade was a 11.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Alan Trefler sold 45,000 shares of the company’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $56.73, for a total value of $2,552,850.00. Following the completion of the sale, the chairman owned 44,979,364 shares in the company, valued at $2,551,679,319.72. This trade represents a 0.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 203,600 shares of company stock worth $12,002,082 over the last 90 days. Company insiders own 49.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PEGA shares. DA Davidson raised shares of Pegasystems from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $60.00 to $85.00 in a research note on Wednesday, October 22nd. Loop Capital lifted their price target on Pegasystems from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Royal Bank Of Canada restated an “outperform” rating and set a $80.00 price objective (up from $70.00) on shares of Pegasystems in a research report on Wednesday, October 22nd. Wedbush raised their price objective on Pegasystems from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Finally, Wall Street Zen raised Pegasystems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.