Nisa Investment Advisors LLC Acquires New Shares in Pegasystems Inc. $PEGA

Nisa Investment Advisors LLC acquired a new stake in Pegasystems Inc. (NASDAQ:PEGA) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,328 shares of the technology company’s stock, valued at approximately $667,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its holdings in Pegasystems by 139.7% in the first quarter. SBI Securities Co. Ltd. now owns 549 shares of the technology company’s stock valued at $38,000 after purchasing an additional 320 shares during the last quarter. UMB Bank n.a. increased its holdings in Pegasystems by 159.8% in the second quarter. UMB Bank n.a. now owns 730 shares of the technology company’s stock valued at $40,000 after purchasing an additional 449 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Pegasystems by 50.5% in the first quarter. GAMMA Investing LLC now owns 599 shares of the technology company’s stock worth $42,000 after acquiring an additional 201 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Pegasystems during the first quarter worth about $57,000. Finally, Vestcor Inc acquired a new stake in shares of Pegasystems during the first quarter worth about $63,000. Institutional investors own 46.89% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on PEGA. Wedbush raised their price target on Pegasystems from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Weiss Ratings raised Pegasystems from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, October 25th. Barclays raised their price target on Pegasystems from $58.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Citigroup raised their price target on Pegasystems from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Finally, Rosenblatt Securities raised their price target on Pegasystems from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.61.

Pegasystems Stock Performance

Shares of NASDAQ PEGA opened at $63.64 on Friday. The stock has a 50 day moving average price of $57.71 and a 200 day moving average price of $52.84. Pegasystems Inc. has a 52 week low of $29.84 and a 52 week high of $68.10. The stock has a market capitalization of $10.80 billion, a PE ratio of 42.71 and a beta of 1.08.

Pegasystems (NASDAQ:PEGA) last posted 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. The business had revenue of $381.35 million for the quarter, compared to analysts’ expectations of $351.95 million. Pegasystems had a return on equity of 43.49% and a net margin of 16.05%.The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 EPS. As a group, research analysts forecast that Pegasystems Inc. will post 1.89 EPS for the current year.

Pegasystems Announces Dividend

The company 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 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, October 1st. Pegasystems’s dividend payout ratio (DPR) is presently 8.05%.

Insider Buying and Selling at Pegasystems

In related news, Director Larry Weber sold 2,636 shares of Pegasystems stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $56.98, for a total transaction of $150,199.28. Following the completion of the sale, the director directly owned 10,632 shares of the company’s stock, valued at approximately $605,811.36. This trade represents a 19.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Alan Trefler sold 45,000 shares of Pegasystems 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 directly owned 44,979,364 shares of the company’s stock, valued at approximately $2,551,679,319.72. The trade was 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 203,600 shares of company stock worth $12,002,082 in the last 90 days. Company insiders own 49.70% 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.