Pegasystems Inc. (NASDAQ:PEGA) Stake Lifted by Caxton Associates LP

Caxton Associates LP lifted its holdings in Pegasystems Inc. (NASDAQ:PEGA) by 27.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,771 shares of the technology company’s stock after purchasing an additional 803 shares during the period. Caxton Associates LP’s holdings in Pegasystems were worth $351,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Principal Securities Inc. lifted its stake in Pegasystems by 150.5% during the fourth quarter. Principal Securities Inc. now owns 278 shares of the technology company’s stock valued at $26,000 after buying an additional 167 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Pegasystems by 85.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company’s stock worth $30,000 after purchasing an additional 149 shares during the period. Proficio Capital Partners LLC acquired a new position in Pegasystems in the 4th quarter valued at approximately $61,000. Global Retirement Partners LLC lifted its position in Pegasystems by 48.0% in the fourth quarter. Global Retirement Partners LLC now owns 789 shares of the technology company’s stock worth $74,000 after purchasing an additional 256 shares during the period. Finally, Covestor Ltd boosted its position in shares of Pegasystems by 75.0% during the 4th quarter. Covestor Ltd now owns 1,493 shares of the technology company’s stock valued at $140,000 after acquiring an additional 640 shares in the last quarter. Institutional investors own 46.89% of the company’s stock.

Pegasystems Price Performance

Shares of NASDAQ:PEGA opened at $93.04 on Thursday. The company’s 50-day moving average price is $75.30 and its two-hundred day moving average price is $86.62. Pegasystems Inc. has a one year low of $55.71 and a one year high of $113.67. The stock has a market capitalization of $7.96 billion, a PE ratio of 92.12 and a beta of 1.14.

Pegasystems (NASDAQ:PEGA) last released its earnings results on Wednesday, February 12th. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.20). Pegasystems had a return on equity of 32.09% and a net margin of 6.63%. On average, analysts anticipate that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Pegasystems Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were issued a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.06%. The ex-dividend date of this dividend was Tuesday, April 1st. Pegasystems’s payout ratio is currently 5.83%.

Insiders Place Their Bets

In related news, CFO Kenneth Stillwell sold 7,742 shares of Pegasystems stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $84.72, for a total transaction of $655,902.24. Following the completion of the sale, the chief financial officer now owns 14,466 shares of the company’s stock, valued at approximately $1,225,559.52. The trade was a 34.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Leon Trefler sold 2,049 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $75.65, for a total transaction of $155,006.85. Following the sale, the insider now owns 52,019 shares of the company’s stock, valued at $3,935,237.35. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 136,262 shares of company stock valued at $10,408,152 over the last 90 days. 50.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. DA Davidson upped their price target on Pegasystems from $70.00 to $90.00 and gave the company a “neutral” rating in a research report on Wednesday, April 23rd. Wedbush reaffirmed an “outperform” rating and set a $125.00 price objective on shares of Pegasystems in a report on Thursday, April 24th. StockNews.com upgraded shares of Pegasystems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. KeyCorp decreased their price target on shares of Pegasystems from $118.00 to $94.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Finally, JMP Securities reiterated a “market outperform” rating and set a $110.00 price objective on shares of Pegasystems in a report on Thursday, February 13th. Three research 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 company. According to MarketBeat.com, Pegasystems presently has an average rating of “Moderate Buy” and a consensus price target of $100.27.

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.