WINTON GROUP Ltd Has $1.23 Million Position in Pegasystems Inc. $PEGA

WINTON GROUP Ltd increased its position in Pegasystems Inc. (NASDAQ:PEGA) by 59.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 40,987 shares of the technology company’s stock after acquiring an additional 15,343 shares during the quarter. WINTON GROUP Ltd’s holdings in Pegasystems were worth $1,228,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. International Assets Investment Management LLC bought a new position in shares of Pegasystems during the fourth quarter worth about $28,000. EFG International AG acquired a new position in shares of Pegasystems during the 4th quarter valued at $32,000. Signature Equity Partners LLC raised its holdings in shares of Pegasystems by 302.2% during the first quarter. Signature Equity Partners LLC now owns 929 shares of the technology company’s stock valued at $40,000 after purchasing an additional 698 shares during the period. Global Retirement Partners LLC acquired a new stake in Pegasystems in the second quarter valued at approximately $41,000. Finally, Allworth Financial LP bought a new position in shares of Pegasystems in the second quarter valued at $42,000. 46.89% of the stock is owned by institutional investors.

Insider Transactions at Pegasystems

In related news, CAO Efstathios A. Kouninis sold 1,063 shares of Pegasystems stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $38.75, for a total transaction of $41,191.25. Following the transaction, the chief accounting officer owned 1,164 shares in the company, valued at approximately $45,105. The trade was a 47.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kerim Akgonul sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $33.99, for a total transaction of $101,970.00. Following the completion of the transaction, the insider directly owned 108,049 shares of the company’s stock, valued at $3,672,585.51. This represents a 2.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 4,813 shares of company stock worth $167,394. Insiders own 48.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada set a $35.00 price objective on shares of Pegasystems and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Citigroup lowered Pegasystems from a “market outperform” rating to a “market perform” rating in a research note on Wednesday, July 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Pegasystems in a report on Tuesday, September 1st. Barclays reiterated an “overweight” rating and issued a $39.00 price objective (down from $48.00) on shares of Pegasystems in a report on Thursday, July 23rd. Finally, DA Davidson set a $32.00 price target on shares of Pegasystems and gave the stock a “buy” rating in a report on Friday, July 24th. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $50.10.

Pegasystems Price Performance

Shares of PEGA stock opened at $36.24 on Monday. The firm has a market capitalization of $5.96 billion, a PE ratio of 20.47 and a beta of 0.89. The company has a 50 day moving average price of $32.73 and a 200-day moving average price of $36.04. Pegasystems Inc. has a 52 week low of $25.10 and a 52 week high of $68.10.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Tuesday, July 21st. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). Pegasystems had a return on equity of 32.21% and a net margin of 18.66%.The firm had revenue of $420.72 million during the quarter, compared to analysts’ expectations of $427.38 million. During the same quarter last year, the business earned $0.28 earnings per share. The business’s quarterly revenue was up 9.4% on a year-over-year basis. Analysts anticipate that Pegasystems Inc. will post 1.66 earnings per share for the current year.

Pegasystems Profile

Pegasystems Inc develops enterprise software for customer engagement, workflow automation and business process management. Its solutions help organizations manage customer service, sales, marketing, operations and back-office processes across digital and traditional channels.

The company’s product portfolio includes Pega Platform, a low-code application development and automation platform; Pega Customer Service and Pega Sales; Pega Customer Decision Hub for real-time, personalized customer engagement; and tools for case management, robotic process automation and artificial intelligence.