AQR Capital Management LLC lessened its stake in Pegasystems Inc. (NASDAQ:PEGA) by 3.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,486 shares of the technology company’s stock after selling 1,296 shares during the quarter. AQR Capital Management LLC owned 0.05% of Pegasystems worth $3,026,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC bought a new stake in Pegasystems during the first quarter worth $34,000. Asset Management One Co. Ltd. bought a new stake in Pegasystems during the first quarter worth $34,000. Pacifica Partners Inc. bought a new stake in Pegasystems during the first quarter worth $36,000. FinTrust Capital Advisors LLC bought a new stake in Pegasystems during the first quarter worth $69,000. Finally, Piedmont Investment Advisors Inc. bought a new stake in Pegasystems during the fourth quarter worth $224,000. Institutional investors own 48.36% of the company’s stock.
In related news, CAO Efstathios A. Kouninis sold 490 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $92.00, for a total transaction of $45,080.00. Following the completion of the sale, the chief accounting officer now directly owns 2,520 shares of the company’s stock, valued at approximately $231,840. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Efstathios A. Kouninis sold 607 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $87.13, for a total transaction of $52,887.91. Following the completion of the sale, the chief accounting officer now owns 1,877 shares in the company, valued at approximately $163,543.01. The disclosure for this sale can be found here. Insiders sold 16,907 shares of company stock valued at $1,439,861 over the last quarter. 51.89% of the stock is currently owned by company insiders.
Shares of PEGA stock opened at $97.56 on Wednesday. The stock has a 50 day moving average price of $93.76 and a two-hundred day moving average price of $84.51. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.90 and a current ratio of 2.90. The company has a market capitalization of $7.81 billion, a P/E ratio of -88.69 and a beta of 1.26. Pegasystems Inc. has a fifty-two week low of $38.01 and a fifty-two week high of $103.13.
Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.01 by $0.04. Pegasystems had a negative return on equity of 16.20% and a negative net margin of 9.03%. The firm had revenue of $265.59 million for the quarter, compared to the consensus estimate of $255.98 million. During the same quarter last year, the company earned ($0.12) earnings per share. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. As a group, equities analysts predict that Pegasystems Inc. will post -1.01 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be issued a $0.03 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.12 annualized dividend and a dividend yield of 0.12%. Pegasystems’s dividend payout ratio is presently -9.60%.
Several equities analysts recently commented on the stock. DA Davidson upped their price target on shares of Pegasystems from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. JMP Securities increased their target price on shares of Pegasystems from $97.00 to $109.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. KeyCorp increased their target price on shares of Pegasystems from $104.00 to $112.00 and gave the stock an “overweight” rating in a report on Thursday, June 4th. Sidoti assumed coverage on shares of Pegasystems in a report on Tuesday, April 14th. They issued a “buy” rating and a $116.00 price objective for the company. Finally, Wedbush raised their price target on shares of Pegasystems from $96.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Pegasystems currently has an average rating of “Buy” and an average price target of $113.50.
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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