Universal Beteiligungs und Servicegesellschaft mbH Has $9.86 Million Position in Pegasystems Inc. $PEGA

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Pegasystems Inc. (NASDAQ:PEGA) by 65.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 171,452 shares of the technology company’s stock after buying an additional 67,588 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.10% of Pegasystems worth $9,858,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Spire Wealth Management raised its stake in shares of Pegasystems by 274.2% during the second quarter. Spire Wealth Management now owns 565 shares of the technology company’s stock valued at $31,000 after acquiring an additional 414 shares during the last quarter. Mather Group LLC. bought a new position in Pegasystems during the 3rd quarter worth $33,000. MAI Capital Management lifted its holdings in Pegasystems by 124.5% during the 2nd quarter. MAI Capital Management now owns 696 shares of the technology company’s stock worth $38,000 after buying an additional 386 shares during the period. Blue Trust Inc. grew its position in shares of Pegasystems by 902.9% in the 3rd quarter. Blue Trust Inc. now owns 682 shares of the technology company’s stock valued at $39,000 after buying an additional 614 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Pegasystems by 159.8% in the second quarter. UMB Bank n.a. now owns 730 shares of the technology company’s stock valued at $40,000 after buying an additional 449 shares during the period. 46.89% of the stock is owned by institutional investors.

Pegasystems Stock Up 0.5%

Shares of NASDAQ PEGA opened at $50.38 on Friday. The firm has a market cap of $8.55 billion, a PE ratio of 33.81 and a beta of 1.08. The company’s fifty day simple moving average is $57.19 and its 200 day simple moving average is $56.78. Pegasystems Inc. has a 12-month low of $29.84 and a 12-month high of $68.10.

Pegasystems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were issued a $0.03 dividend. The ex-dividend date was Friday, January 2nd. This represents a $0.12 annualized dividend and a yield of 0.2%. Pegasystems’s dividend payout ratio is presently 8.05%.

Analyst Ratings Changes

PEGA has been the topic of a number of recent analyst reports. Rosenblatt Securities lifted their price objective on Pegasystems from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Wall Street Zen downgraded shares of Pegasystems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. JPMorgan Chase & Co. upped their price objective on shares of Pegasystems from $65.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, December 5th. Barclays lifted their target price on shares of Pegasystems from $58.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. Finally, DA Davidson upgraded shares of Pegasystems from a “neutral” rating to a “buy” rating and boosted their target price for the company from $60.00 to $85.00 in a report on Wednesday, October 22nd. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $70.05.

Insider Transactions at Pegasystems

In other news, insider Rifat Kerim Akgonul sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $60.19, for a total transaction of $240,760.00. Following the completion of the sale, the insider owned 112,845 shares in the company, valued at $6,792,140.55. The trade was a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Alan Trefler sold 45,000 shares of the stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $49.02, for a total value of $2,205,900.00. Following the completion of the transaction, the chairman owned 44,394,454 shares in the company, valued at approximately $2,176,216,135.08. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 169,272 shares of company stock worth $9,606,522. 49.70% of the stock is currently owned by insiders.

Pegasystems Company Profile

Pegasystems Inc is a software company specializing in customer engagement and digital process automation solutions. Headquartered in Cambridge, Massachusetts, Pegasystems develops enterprise applications designed to help organizations streamline operations, manage customer interactions and automate complex workflows. Its platform supports a wide range of use cases, from sales and marketing optimization to case management and robotic process automation.

The core of Pegasystems’ offering is the Pega Platform, a low-code development environment that enables businesses to build and deploy applications with minimal hand-coding.