Universal Beteiligungs und Servicegesellschaft mbH Has $5.62 Million Stake in Pegasystems Inc. $PEGA

Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Pegasystems Inc. (NASDAQ:PEGA) by 179.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,864 shares of the technology company’s stock after acquiring an additional 66,702 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Pegasystems worth $5,622,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Spire Wealth Management increased its holdings in Pegasystems by 274.2% in the second quarter. Spire Wealth Management now owns 565 shares of the technology company’s stock worth $31,000 after purchasing an additional 414 shares in the last quarter. UMB Bank n.a. boosted its stake in Pegasystems by 159.8% during the second quarter. UMB Bank n.a. now owns 730 shares of the technology company’s stock worth $40,000 after acquiring an additional 449 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Pegasystems by 335.7% in the second quarter. First Horizon Advisors Inc. now owns 732 shares of the technology company’s stock worth $40,000 after purchasing an additional 564 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Pegasystems in the second quarter worth $54,000. Finally, Headlands Technologies LLC bought a new stake in Pegasystems in the first quarter valued at $57,000. 46.89% of the stock is owned by institutional investors and hedge funds.

Pegasystems Price Performance

NASDAQ PEGA opened at $54.42 on Friday. The company has a fifty day moving average price of $58.52 and a 200-day moving average price of $54.44. The firm has a market cap of $9.24 billion, a price-to-earnings ratio of 36.52 and a beta of 1.09. Pegasystems Inc. has a 1 year low of $29.84 and a 1 year high of $68.10.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Tuesday, October 21st. The technology company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.12. Pegasystems had a net margin of 16.05% and a return on equity of 43.49%. The company had revenue of $381.35 million for the quarter, compared to analyst estimates of $351.95 million. During the same period last year, the firm earned $0.39 earnings per share. The firm’s revenue was up 17.3% on a year-over-year basis. On average, research analysts anticipate that Pegasystems Inc. will post 1.89 EPS for the current fiscal year.

Pegasystems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Wednesday, October 1st. Pegasystems’s dividend payout ratio (DPR) is 8.05%.

Insider Transactions at Pegasystems

In other news, CFO Kenneth Stillwell sold 17,171 shares of the firm’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $66.40, for a total transaction of $1,140,154.40. Following the completion of the sale, the chief financial officer directly owned 127,826 shares of the company’s stock, valued at $8,487,646.40. This trade represents a 11.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Efstathios A. Kouninis sold 4,425 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $67.25, for a total transaction of $297,581.25. Following the completion of the transaction, the chief accounting officer directly owned 206 shares in the company, valued at $13,853.50. This trade represents a 95.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 203,895 shares of company stock worth $12,179,202. Company insiders own 49.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wedbush raised their target price on Pegasystems from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Pegasystems in a research note on Wednesday. Wall Street Zen lowered Pegasystems from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Royal Bank Of Canada reissued an “outperform” rating and issued a $80.00 price target (up previously from $70.00) on shares of Pegasystems in a research report on Wednesday, October 22nd. Finally, Rosenblatt Securities upped their price objective on shares of Pegasystems from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $69.61.

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.