530 Shares in Pegasystems Inc. (NASDAQ:PEGA) Acquired by Headlands Technologies LLC

Headlands Technologies LLC purchased a new position in shares of Pegasystems Inc. (NASDAQ:PEGA) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 530 shares of the technology company’s stock, valued at approximately $26,000.

A number of other institutional investors have also added to or reduced their stakes in PEGA. Harvest Fund Management Co. Ltd bought a new stake in Pegasystems during the 4th quarter worth approximately $44,000. Parkside Financial Bank & Trust grew its holdings in Pegasystems by 219.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock valued at $26,000 after purchasing an additional 364 shares during the period. Handelsbanken Fonder AB lifted its position in shares of Pegasystems by 45.6% during the fourth quarter. Handelsbanken Fonder AB now owns 8,944 shares of the technology company’s stock worth $437,000 after acquiring an additional 2,800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Pegasystems by 40.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,002 shares of the technology company’s stock worth $635,000 after buying an additional 3,751 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. raised its position in shares of Pegasystems by 7.8% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 21,820 shares of the technology company’s stock worth $1,066,000 after buying an additional 1,572 shares in the last quarter. 46.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Citigroup increased their price objective on Pegasystems from $86.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. StockNews.com raised Pegasystems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 13th. Royal Bank of Canada raised their target price on Pegasystems from $65.00 to $77.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Rosenblatt Securities reissued a “buy” rating and issued a $75.00 target price on shares of Pegasystems in a research note on Tuesday, April 23rd. Finally, Wedbush restated an “outperform” rating and issued a $90.00 price objective on shares of Pegasystems in a report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $72.33.

Insiders Place Their Bets

In other news, insider Leon Trefler sold 752 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $60.34, for a total transaction of $45,375.68. Following the completion of the sale, the insider now owns 39,188 shares of the company’s stock, valued at approximately $2,364,603.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related 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 transaction of $132,860.00. Following the transaction, the chief financial officer now owns 16,000 shares in the company, valued at approximately $1,062,880. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Leon Trefler sold 752 shares of Pegasystems stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $60.34, for a total transaction of $45,375.68. Following the transaction, the insider now owns 39,188 shares in the company, valued at approximately $2,364,603.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,544 shares of company stock valued at $3,435,845. Company insiders own 50.20% of the company’s stock.

Pegasystems Stock Performance

PEGA stock opened at $58.90 on Friday. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 71.83 and a beta of 1.05. The firm has a 50 day moving average price of $62.49 and a 200-day moving average price of $53.62. Pegasystems Inc. has a 52-week low of $37.66 and a 52-week high of $69.26.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.64. The company had revenue of $474.23 million during the quarter, compared to the consensus estimate of $428.76 million. Pegasystems had a net margin of 5.32% and a return on equity of 45.00%. As a group, sell-side analysts forecast that Pegasystems Inc. will post 1.5 earnings per share for the current fiscal year.

Pegasystems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date was Thursday, March 28th. Pegasystems’s dividend payout ratio (DPR) is presently 14.63%.

Pegasystems Company 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.