Treasurer of the State of North Carolina increased its position in Pegasystems Inc. (NASDAQ:PEGA) by 2.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,295 shares of the technology company’s stock after acquiring an additional 310 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Pegasystems were worth $1,089,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors bought a new stake in Pegasystems during the second quarter valued at approximately $32,000. Cutler Group LP bought a new stake in Pegasystems during the second quarter valued at approximately $43,000. Steward Partners Investment Advisory LLC bought a new stake in Pegasystems during the second quarter valued at approximately $53,000. Tower Research Capital LLC TRC lifted its position in Pegasystems by 352.3% during the second quarter. Tower Research Capital LLC TRC now owns 977 shares of the technology company’s stock valued at $70,000 after purchasing an additional 761 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in Pegasystems by 1,102.2% during the second quarter. Parkside Financial Bank & Trust now owns 1,094 shares of the technology company’s stock valued at $78,000 after purchasing an additional 1,003 shares during the last quarter. Institutional investors own 46.48% of the company’s stock.
Shares of PEGA opened at $75.94 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.72 and a current ratio of 1.72. Pegasystems Inc. has a fifty-two week low of $43.21 and a fifty-two week high of $79.67. The firm has a 50 day moving average price of $70.84 and a 200-day moving average price of $71.62.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be issued a $0.03 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.16%.
In other news, VP Efstathios A. Kouninis sold 427 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $70.00, for a total value of $29,890.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kenneth Stillwell sold 5,716 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.04, for a total transaction of $434,644.64. Following the completion of the sale, the chief financial officer now owns 10,233 shares of the company’s stock, valued at $778,117.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,362 shares of company stock valued at $2,176,353. Company insiders own 52.37% of the company’s stock.
Several equities research analysts have issued reports on PEGA shares. BidaskClub upgraded shares of Pegasystems from a “sell” rating to a “hold” rating in a research report on Friday, October 4th. Wedbush lifted their target price on shares of Pegasystems from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Zacks Investment Research upgraded shares of Pegasystems from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 10th. Finally, ValuEngine lowered shares of Pegasystems from a “buy” rating to a “hold” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $80.20.
Pegasystems Company Profile
Pegasystems Inc develops, markets, licenses, and supports enterprise software applications in the United States, India, and internationally. It provides Pega Platform, an application development product for clients; and Pega Infinity, a software platform that unifies customer engagement and digital process automation.
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