Strs Ohio Sells 3,445 Shares of Pegasystems Inc. (NASDAQ:PEGA)

Strs Ohio decreased its holdings in shares of Pegasystems Inc. (NASDAQ:PEGA) by 17.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,815 shares of the technology company’s stock after selling 3,445 shares during the period. Strs Ohio’s holdings in Pegasystems were worth $772,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Pegasystems by 3.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 946,109 shares of the technology company’s stock valued at $46,227,000 after acquiring an additional 31,925 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Pegasystems by 75.9% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 4,634 shares of the technology company’s stock valued at $226,000 after acquiring an additional 2,000 shares in the last quarter. New York State Teachers Retirement System bought a new stake in shares of Pegasystems during the fourth quarter valued at approximately $85,000. Oak Thistle LLC increased its position in shares of Pegasystems by 59.1% during the fourth quarter. Oak Thistle LLC now owns 17,202 shares of the technology company’s stock valued at $840,000 after acquiring an additional 6,390 shares in the last quarter. Finally, Quent Capital LLC increased its position in shares of Pegasystems by 1.8% during the fourth quarter. Quent Capital LLC now owns 12,846 shares of the technology company’s stock valued at $628,000 after acquiring an additional 228 shares in the last quarter. Institutional investors own 46.89% of the company’s stock.

Insider Activity at Pegasystems

In other Pegasystems news, CFO Kenneth Stillwell sold 2,000 shares of Pegasystems stock in a transaction on Friday, March 1st. The shares were sold at an average price of $66.43, for a total value of $132,860.00. Following the sale, the chief financial officer now directly owns 16,000 shares in the company, valued at approximately $1,062,880. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Pegasystems news, CFO Kenneth Stillwell sold 2,000 shares of Pegasystems stock in a transaction on Friday, March 1st. The shares were sold at an average price of $66.43, for a total value of $132,860.00. Following the sale, the chief financial officer now directly owns 16,000 shares in the company, valued at approximately $1,062,880. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard H. Jones sold 10,000 shares of Pegasystems stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $63.39, for a total transaction of $633,900.00. Following the completion of the sale, the director now owns 379,658 shares in the company, valued at $24,066,520.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,792 shares of company stock worth $2,781,669. 50.20% of the stock is owned by corporate insiders.

Pegasystems Trading Down 0.7 %

Shares of Pegasystems stock opened at $58.88 on Thursday. The company’s fifty day simple moving average is $63.09 and its 200-day simple moving average is $52.94. The stock has a market capitalization of $4.94 billion, a PE ratio of 82.93 and a beta of 1.06. Pegasystems Inc. has a 1-year low of $37.66 and a 1-year high of $69.26. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.78 and a quick ratio of 1.78.

Pegasystems (NASDAQ:PEGA) last released its earnings results on Wednesday, February 14th. The technology company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.64. Pegasystems had a net margin of 4.73% and a return on equity of 39.30%. The company had revenue of $474.23 million for the quarter, compared to analysts’ expectations of $428.76 million. As a group, equities analysts anticipate that Pegasystems Inc. will post 1.49 earnings per share for the current year.

Pegasystems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend was Thursday, March 28th. Pegasystems’s dividend payout ratio (DPR) is 16.90%.

Wall Street Analysts Forecast Growth

PEGA has been the subject of several analyst reports. TheStreet raised shares of Pegasystems from a “d+” rating to a “c” rating in a research report on Thursday, February 15th. DA Davidson reaffirmed a “neutral” rating and issued a $60.00 target price on shares of Pegasystems in a research report on Monday, March 4th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $75.00 target price on shares of Pegasystems in a research report on Tuesday. Royal Bank of Canada lifted their target price on shares of Pegasystems from $65.00 to $77.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Finally, Citigroup lifted their target price on shares of Pegasystems from $86.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

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.