Prescott Group Capital Management L.L.C. Boosts Stock Position in Pegasystems Inc. $PEGA

Prescott Group Capital Management L.L.C. boosted its position in Pegasystems Inc. (NASDAQ:PEGA) by 100.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,000 shares of the technology company’s stock after purchasing an additional 26,000 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in Pegasystems were worth $2,815,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Amalgamated Bank increased its position in shares of Pegasystems by 5.3% during the first quarter. Amalgamated Bank now owns 3,060 shares of the technology company’s stock worth $213,000 after purchasing an additional 153 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Pegasystems by 139.7% during the first quarter. SBI Securities Co. Ltd. now owns 549 shares of the technology company’s stock worth $38,000 after acquiring an additional 320 shares during the last quarter. Spire Wealth Management increased its holdings 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 in the last quarter. UMB Bank n.a. increased its holdings in shares of Pegasystems by 159.8% during the second quarter. UMB Bank n.a. now owns 730 shares of the technology company’s stock valued at $40,000 after acquiring an additional 449 shares in the last quarter. Finally, Impact Partnership Wealth LLC raised its position in shares of Pegasystems by 19.7% in the 1st quarter. Impact Partnership Wealth LLC now owns 2,935 shares of the technology company’s stock valued at $204,000 after purchasing an additional 484 shares during the last quarter. Institutional investors own 46.89% of the company’s stock.

Insider Transactions at Pegasystems

In related news, CAO Efstathios A. Kouninis sold 4,425 shares of Pegasystems stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $67.25, for a total value of $297,581.25. Following the sale, the chief accounting officer directly owned 206 shares in the company, valued at approximately $13,853.50. The trade was a 95.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Alan Trefler sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $56.73, for a total value of $2,552,850.00. Following the sale, the chairman owned 44,979,364 shares of the company’s stock, valued at approximately $2,551,679,319.72. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 203,895 shares of company stock worth $12,179,202 in the last three months. 49.70% of the stock is owned by corporate insiders.

Pegasystems Trading Up 0.2%

NASDAQ PEGA opened at $59.09 on Friday. Pegasystems Inc. has a twelve month low of $29.84 and a twelve month high of $68.10. The stock has a 50-day moving average of $58.43 and a 200 day moving average of $53.76. The stock has a market capitalization of $10.03 billion, a price-to-earnings ratio of 39.66 and a beta of 1.09.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Tuesday, October 21st. The technology company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.12. Pegasystems had a return on equity of 43.49% and a net margin of 16.05%.The business had revenue of $381.35 million during the quarter, compared to analysts’ expectations of $351.95 million. During the same period in the previous year, the business earned $0.39 earnings per share. The business’s revenue was up 17.3% compared to the same quarter last year. Equities analysts predict that Pegasystems Inc. will post 1.89 EPS for the current fiscal year.

Pegasystems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.2%. Pegasystems’s payout ratio is currently 8.05%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PEGA shares. Loop Capital raised their price target on shares of Pegasystems from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $80.00 price target (up previously from $70.00) on shares of Pegasystems in a report on Wednesday, October 22nd. DA Davidson upgraded shares of Pegasystems from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $60.00 to $85.00 in a research note on Wednesday, October 22nd. Wedbush upped their price target on shares of Pegasystems from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Finally, Wall Street Zen raised Pegasystems from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.61.

Pegasystems 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.