BayBridge Capital Group LLC Invests $432,000 in Pegasystems Inc. (NASDAQ:PEGA)

BayBridge Capital Group LLC bought a new stake in Pegasystems Inc. (NASDAQ:PEGA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,638 shares of the technology company’s stock, valued at approximately $432,000.

Several other large investors also recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in shares of Pegasystems by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 819,282 shares of the technology company’s stock worth $59,895,000 after buying an additional 25,901 shares in the last quarter. Fisher Asset Management LLC grew its position in Pegasystems by 0.6% in the third quarter. Fisher Asset Management LLC now owns 484,296 shares of the technology company’s stock worth $35,397,000 after acquiring an additional 3,000 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Pegasystems by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 322,424 shares of the technology company’s stock worth $23,566,000 after acquiring an additional 11,102 shares during the last quarter. Eagle Asset Management Inc. increased its stake in Pegasystems by 440.5% during the third quarter. Eagle Asset Management Inc. now owns 147,350 shares of the technology company’s stock worth $10,770,000 after acquiring an additional 120,090 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Pegasystems by 54.0% during the third quarter. Franklin Resources Inc. now owns 141,031 shares of the technology company’s stock valued at $10,362,000 after purchasing an additional 49,433 shares during the period. Institutional investors own 46.89% of the company’s stock.

Pegasystems Stock Up 0.2 %

Shares of NASDAQ PEGA opened at $105.47 on Friday. Pegasystems Inc. has a twelve month low of $47.82 and a twelve month high of $113.67. The firm has a market cap of $9.04 billion, a PE ratio of 76.99 and a beta of 1.11. The business has a fifty day simple moving average of $98.76 and a two-hundred day simple moving average of $82.46.

Pegasystems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend was Thursday, January 2nd. Pegasystems’s dividend payout ratio (DPR) is presently 8.76%.

Analyst Ratings Changes

Several research firms have recently weighed in on PEGA. Citigroup boosted their target price on Pegasystems from $99.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. StockNews.com raised shares of Pegasystems from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. Wedbush lifted their price target on shares of Pegasystems from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Rosenblatt Securities increased their price objective on shares of Pegasystems from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada boosted their target price on Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.82.

Insiders Place Their Bets

In related news, CFO Kenneth Stillwell sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $94.60, for a total value of $189,200.00. Following the completion of the transaction, the chief financial officer now owns 15,400 shares of the company’s stock, valued at $1,456,840. The trade was a 11.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Leon Trefler sold 752 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $93.83, for a total value of $70,560.16. Following the sale, the insider now directly owns 37,973 shares in the company, valued at $3,563,006.59. This trade represents a 1.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,003 shares of company stock worth $1,346,086 in the last three months. Corporate insiders own 50.10% of the company’s stock.

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.