Wilson Asset Management International PTY Ltd. Acquires New Holdings in Pegasystems Inc. $PEGA

Wilson Asset Management International PTY Ltd. bought a new position in shares of Pegasystems Inc. (NASDAQ:PEGA) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 20,000 shares of the technology company’s stock, valued at approximately $1,150,000.

A number of other institutional investors have also recently added to or reduced their stakes in PEGA. Hazlett Burt & Watson Inc. bought a new position in shares of Pegasystems during the third quarter valued at $28,000. Spire Wealth Management raised its position in Pegasystems by 274.2% during the 2nd quarter. Spire Wealth Management now owns 565 shares of the technology company’s stock worth $31,000 after purchasing an additional 414 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Pegasystems by 321.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 565 shares of the technology company’s stock worth $32,000 after buying an additional 431 shares during the period. Mather Group LLC. bought a new stake in shares of Pegasystems in the 3rd quarter valued at about $33,000. Finally, MAI Capital Management increased its stake in shares of Pegasystems by 124.5% in the second quarter. MAI Capital Management now owns 696 shares of the technology company’s stock valued at $38,000 after buying an additional 386 shares during the period. 46.89% of the stock is owned by institutional investors.

Pegasystems Price Performance

Shares of PEGA opened at $40.12 on Monday. Pegasystems Inc. has a one year low of $29.84 and a one year high of $68.10. The company has a market cap of $6.81 billion, a PE ratio of 26.93 and a beta of 1.07. The stock has a 50-day moving average of $55.14 and a 200-day moving average of $56.27.

Pegasystems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were issued a dividend of $0.03 per share. The ex-dividend date was Friday, January 2nd. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. Pegasystems’s payout ratio is currently 8.05%.

Insider Transactions at Pegasystems

In other Pegasystems news, Chairman Alan Trefler sold 45,000 shares of the business’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $49.02, for a total transaction of $2,205,900.00. Following the completion of the sale, the chairman owned 44,394,454 shares in the company, valued at approximately $2,176,216,135.08. The trade was a 0.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kenneth Stillwell sold 14,405 shares of the company’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $57.87, for a total transaction of $833,617.35. Following the transaction, the chief financial officer owned 131,621 shares in the company, valued at approximately $7,616,907.27. The trade was a 9.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 108,405 shares of company stock valued at $5,896,127 over the last ninety days. 50.10% of the stock is owned by company insiders.

Analyst Ratings Changes

PEGA has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Pegasystems in a research note on Monday, December 29th. 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. DA Davidson upgraded shares of Pegasystems from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $60.00 to $85.00 in a research report on Wednesday, October 22nd. Royal Bank Of Canada restated an “outperform” rating and issued a $80.00 target price (up previously from $70.00) on shares of Pegasystems in a report on Wednesday, October 22nd. Finally, Barclays upped their price target on shares of Pegasystems from $58.00 to $67.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.55.

About Pegasystems

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.