CWA Asset Management Group LLC Makes New $1.99 Million Investment in Pegasystems Inc. $PEGA

CWA Asset Management Group LLC purchased a new stake in Pegasystems Inc. (NASDAQ:PEGA) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 33,328 shares of the technology company’s stock, valued at approximately $1,990,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Hazlett Burt & Watson Inc. bought a new stake in shares of Pegasystems during the 3rd quarter worth $28,000. Hantz Financial Services Inc. grew its stake in Pegasystems by 321.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 565 shares of the technology company’s stock valued at $32,000 after buying an additional 431 shares during the last quarter. Mather Group LLC. bought a new position in Pegasystems in the 3rd quarter worth $33,000. MAI Capital Management raised its holdings in Pegasystems by 124.5% in the 2nd quarter. MAI Capital Management now owns 696 shares of the technology company’s stock worth $38,000 after acquiring an additional 386 shares during the period. Finally, Blue Trust Inc. lifted its position in Pegasystems by 902.9% during the 3rd quarter. Blue Trust Inc. now owns 682 shares of the technology company’s stock worth $39,000 after acquiring an additional 614 shares during the last quarter. 46.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Pegasystems news, 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 transaction of $2,205,900.00. Following the completion of the transaction, the chairman directly owned 44,394,454 shares in the company, valued at $2,176,216,135.08. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kenneth Stillwell sold 44,000 shares of Pegasystems stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $44.81, for a total value of $1,971,640.00. Following the transaction, the chief financial officer directly owned 109,123 shares of the company’s stock, valued at approximately $4,889,801.63. The trade was a 28.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 97,594 shares of company stock worth $4,549,924 in the last quarter. Corporate insiders own 50.10% of the company’s stock.

Pegasystems Stock Up 0.6%

NASDAQ PEGA opened at $43.42 on Monday. The stock has a market cap of $7.34 billion, a P/E ratio of 20.34 and a beta of 1.06. The company’s 50-day simple moving average is $45.62 and its 200 day simple moving average is $53.98. Pegasystems Inc. has a twelve month low of $29.84 and a twelve month high of $68.10.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. The firm had revenue of $504.32 million during the quarter, compared to analyst estimates of $494.60 million. Pegasystems had a net margin of 22.54% and a return on equity of 38.86%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.80 earnings per share. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. Research analysts anticipate that Pegasystems Inc. will post 1.89 earnings per share for the current year.

Pegasystems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Wednesday, April 1st. Pegasystems’s dividend payout ratio (DPR) is 5.63%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PEGA. Wedbush decreased their price target on shares of Pegasystems from $75.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. Royal Bank Of Canada set a $65.00 price objective on Pegasystems and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Citizens Jmp decreased their target price on Pegasystems from $78.00 to $58.00 and set a “market outperform” rating for the company in a research note on Thursday, February 12th. Zacks Research raised Pegasystems from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Pegasystems in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.60.

Pegasystems 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.