Fiera Capital Corp Lowers Position in Pegasystems Inc. (NASDAQ:PEGA)

Fiera Capital Corp decreased its position in Pegasystems Inc. (NASDAQ:PEGA) by 3.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,129 shares of the technology company’s stock after selling 1,307 shares during the period. Fiera Capital Corp’s holdings in Pegasystems were worth $2,502,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Credit Suisse AG lifted its stake in shares of Pegasystems by 1.7% in the fourth quarter. Credit Suisse AG now owns 35,187 shares of the technology company’s stock valued at $2,803,000 after purchasing an additional 581 shares during the period. Amalgamated Bank lifted its stake in shares of Pegasystems by 5.9% in the fourth quarter. Amalgamated Bank now owns 10,264 shares of the technology company’s stock valued at $818,000 after purchasing an additional 574 shares during the period. State Street Corp lifted its stake in shares of Pegasystems by 1.3% in the third quarter. State Street Corp now owns 520,539 shares of the technology company’s stock valued at $35,438,000 after purchasing an additional 6,716 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Pegasystems by 28.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 193,347 shares of the technology company’s stock valued at $15,400,000 after purchasing an additional 43,139 shares during the period. Finally, Great West Life Assurance Co. Can acquired a new stake in shares of Pegasystems in the fourth quarter valued at about $1,502,000. Hedge funds and other institutional investors own 46.59% of the company’s stock.

In other news, SVP Leon Trefler sold 607 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $67.17, for a total value of $40,772.19. Following the completion of the transaction, the senior vice president now owns 13,420 shares of the company’s stock, valued at $901,421.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard H. Jones sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $67.70, for a total transaction of $812,400.00. Following the completion of the transaction, the director now directly owns 15,544 shares of the company’s stock, valued at approximately $1,052,328.80. The disclosure for this sale can be found here. In the last three months, insiders sold 24,514 shares of company stock valued at $1,824,933. Company insiders own 52.37% of the company’s stock.

Several analysts recently commented on PEGA shares. Wedbush raised their price objective on shares of Pegasystems from $96.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Rosenblatt Securities reiterated a “buy” rating on shares of Pegasystems in a research note on Thursday, April 30th. Sidoti initiated coverage on shares of Pegasystems in a research report on Tuesday, April 14th. They set a “buy” rating and a $116.00 target price for the company. KeyCorp cut their target price on shares of Pegasystems from $110.00 to $104.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, DA Davidson restated a “buy” rating and set a $105.00 target price on shares of Pegasystems in a research report on Thursday, February 13th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $108.33.

Shares of PEGA opened at $89.97 on Friday. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.98. The stock has a market cap of $7.21 billion, a P/E ratio of -81.79 and a beta of 1.24. The company has a 50-day moving average of $79.07 and a two-hundred day moving average of $80.70. Pegasystems Inc. has a 12-month low of $38.01 and a 12-month high of $103.13.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $265.59 million during the quarter, compared to analyst estimates of $255.98 million. Pegasystems had a negative net margin of 9.03% and a negative return on equity of 16.20%. The company’s revenue was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.12) earnings per share. As a group, analysts forecast that Pegasystems Inc. will post -1.14 EPS for the current fiscal year.

About Pegasystems

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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Institutional Ownership by Quarter for Pegasystems (NASDAQ:PEGA)

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