SG Americas Securities LLC Grows Stake in Pegasystems Inc. $PEGA

SG Americas Securities LLC increased its stake in shares of Pegasystems Inc. (NASDAQ:PEGA) by 613.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,235 shares of the technology company’s stock after purchasing an additional 19,977 shares during the period. SG Americas Securities LLC’s holdings in Pegasystems were worth $1,336,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Spire Wealth Management lifted its position in shares of Pegasystems by 274.2% in the second quarter. Spire Wealth Management now owns 565 shares of the technology company’s stock valued at $31,000 after acquiring an additional 414 shares in the last quarter. Mather Group LLC. acquired a new position in Pegasystems in the 3rd quarter valued at $33,000. Blue Trust Inc. lifted its holdings in Pegasystems by 902.9% in the 3rd quarter. Blue Trust Inc. now owns 682 shares of the technology company’s stock valued at $39,000 after purchasing an additional 614 shares in the last quarter. MAI Capital Management boosted its stake in Pegasystems by 124.5% during the 2nd quarter. MAI Capital Management now owns 696 shares of the technology company’s stock worth $38,000 after purchasing an additional 386 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Pegasystems by 159.8% during the second quarter. UMB Bank n.a. now owns 730 shares of the technology company’s stock worth $40,000 after buying an additional 449 shares in the last quarter. 46.89% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Pegasystems

In related news, CAO Efstathios A. Kouninis sold 4,425 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $67.25, for a total transaction of $297,581.25. Following the completion of the transaction, the chief accounting officer owned 206 shares of the company’s stock, valued at approximately $13,853.50. This trade represents a 95.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kenneth Stillwell sold 17,171 shares of Pegasystems stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $66.40, for a total transaction of $1,140,154.40. Following the completion of the sale, the chief financial officer owned 127,826 shares of the company’s stock, valued at $8,487,646.40. This trade represents a 11.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 205,301 shares of company stock valued at $12,297,609 over the last quarter. 49.70% of the stock is owned by insiders.

Pegasystems Stock Performance

PEGA opened at $51.99 on Friday. The stock has a market capitalization of $8.82 billion, a PE ratio of 34.89 and a beta of 1.08. Pegasystems Inc. has a one year low of $29.84 and a one year high of $68.10. The business’s 50 day moving average price is $58.02 and its 200 day moving average price is $56.88.

Pegasystems (NASDAQ:PEGA) last posted its earnings results on Tuesday, October 21st. The technology company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.12. The company had revenue of $381.35 million for the quarter, compared to the consensus estimate of $351.95 million. Pegasystems had a return on equity of 43.49% and a net margin of 16.05%.The company’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share. As a group, equities research analysts forecast that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Pegasystems Announces Dividend

The business also recently announced 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 of this dividend was Friday, January 2nd. This represents a $0.12 dividend on an annualized basis and a yield of 0.2%. Pegasystems’s dividend payout ratio is presently 8.05%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PEGA. Rosenblatt Securities raised their price target on shares of Pegasystems from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Barclays raised their target price on shares of Pegasystems from $58.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. JPMorgan Chase & Co. upped their price target on Pegasystems from $65.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, December 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Pegasystems in a report on Monday, December 29th. Finally, Wall Street Zen downgraded Pegasystems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Pegasystems presently has an average rating of “Moderate Buy” and a consensus target price of $70.05.

Pegasystems Profile

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.