Scout Investments Inc. lessened its stake in Pegasystems Inc. (NASDAQ:PEGA) by 3.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 99,142 shares of the technology company’s stock after selling 3,700 shares during the quarter. Scout Investments Inc. owned approximately 0.13% of Pegasystems worth $4,742,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc increased its holdings in Pegasystems by 2.7% in the 3rd quarter. Vanguard Group Inc now owns 3,401,811 shares of the technology company’s stock worth $212,953,000 after acquiring an additional 90,839 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Pegasystems by 2.7% during the third quarter. Vanguard Group Inc. now owns 3,401,811 shares of the technology company’s stock worth $212,953,000 after buying an additional 90,839 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Pegasystems by 2.7% during the third quarter. BlackRock Inc. now owns 1,697,950 shares of the technology company’s stock worth $106,293,000 after buying an additional 45,356 shares in the last quarter. Standard Life Aberdeen plc grew its holdings in shares of Pegasystems by 63.0% during the third quarter. Standard Life Aberdeen plc now owns 1,238,757 shares of the technology company’s stock worth $77,608,000 after buying an additional 478,916 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Pegasystems by 6.7% during the third quarter. FMR LLC now owns 1,000,499 shares of the technology company’s stock worth $62,631,000 after buying an additional 62,385 shares in the last quarter. 46.08% of the stock is owned by institutional investors.

Pegasystems stock opened at $51.63 on Monday. Pegasystems Inc. has a 52-week low of $43.21 and a 52-week high of $67.95. The firm has a market cap of $4.03 billion, a PE ratio of 234.68 and a beta of 1.20.

Pegasystems (NASDAQ:PEGA) last released its earnings results on Wednesday, November 7th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.10). Pegasystems had a negative return on equity of 0.90% and a negative net margin of 1.08%. The business had revenue of $203.26 million for the quarter, compared to analysts’ expectations of $199.57 million. During the same period in the previous year, the company earned $0.09 EPS. Pegasystems’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts forecast that Pegasystems Inc. will post -0.09 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Tuesday, January 1st will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $0.12 annualized dividend and a dividend yield of 0.23%. Pegasystems’s payout ratio is 54.55%.

A number of equities research analysts have recently issued reports on the stock. Wedbush dropped their target price on shares of Pegasystems from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Thursday, November 8th. BidaskClub raised shares of Pegasystems from a “sell” rating to a “hold” rating in a report on Wednesday, January 9th. ValuEngine raised shares of Pegasystems from a “buy” rating to a “strong-buy” rating in a report on Friday, November 30th. Finally, Zacks Investment Research raised shares of Pegasystems from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 14th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $70.20.

In other news, Director Larry Weber sold 500 shares of the business’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $53.45, for a total transaction of $26,725.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kenneth Stillwell sold 1,500 shares of the business’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $53.40, for a total transaction of $80,100.00. Following the transaction, the chief financial officer now directly owns 11,866 shares in the company, valued at approximately $633,644.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,974 shares of company stock worth $407,201. Corporate insiders own 52.85% of the company’s stock.

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Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses, and supports software applications for marketing, sales automation, customer service, and operations in the United States and internationally. It provides Pega Platform, an application development product for clients. The company offers customer engagement applications, including Pega Marketing that enable enterprises to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega sales automation to automate and manage the sales process; and Pega customer service to anticipate customer needs, connect customers, the right people and systems, and automate customer interactions to evolve the customer service experience and to allow enterprises to deliver interactions across channels and enhance employee productivity.

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Institutional Ownership by Quarter for Pegasystems (NASDAQ:PEGA)

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