Fuller & Thaler Asset Management Inc. Purchases 4,989 Shares of Pegasystems Inc. (NASDAQ:PEGA)

Fuller & Thaler Asset Management Inc. increased its holdings in shares of Pegasystems Inc. (NASDAQ:PEGA - Free Report) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 807,671 shares of the technology company's stock after buying an additional 4,989 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 0.94% of Pegasystems worth $75,275,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Principal Securities Inc. raised its position in shares of Pegasystems by 150.5% during the fourth quarter. Principal Securities Inc. now owns 278 shares of the technology company's stock worth $26,000 after purchasing an additional 167 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Pegasystems by 85.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company's stock valued at $30,000 after buying an additional 149 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Pegasystems in the fourth quarter valued at approximately $61,000. Global Retirement Partners LLC increased its position in shares of Pegasystems by 48.0% during the fourth quarter. Global Retirement Partners LLC now owns 789 shares of the technology company's stock worth $74,000 after acquiring an additional 256 shares in the last quarter. Finally, Covestor Ltd raised its holdings in shares of Pegasystems by 75.0% during the fourth quarter. Covestor Ltd now owns 1,493 shares of the technology company's stock worth $140,000 after acquiring an additional 640 shares during the period. 46.89% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PEGA shares. Loop Capital lowered their price target on shares of Pegasystems from $115.00 to $85.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Barclays dropped their target price on Pegasystems from $97.00 to $84.00 and set an "equal weight" rating on the stock in a report on Monday. DA Davidson raised their price target on Pegasystems from $70.00 to $90.00 and gave the company a "neutral" rating in a research note on Wednesday. Royal Bank of Canada boosted their price target on Pegasystems from $90.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Finally, StockNews.com downgraded Pegasystems from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $94.64.

Pegasystems Trading Up 28.8 %

Shares of NASDAQ PEGA opened at $88.55 on Thursday. The firm has a market cap of $7.61 billion, a P/E ratio of 87.67 and a beta of 1.22. The business's 50 day moving average is $73.03 and its 200-day moving average is $85.32. Pegasystems Inc. has a 1-year low of $54.55 and a 1-year high of $113.67.

Pegasystems (NASDAQ:PEGA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.20). Pegasystems had a return on equity of 32.09% and a net margin of 6.63%. Analysts forecast that Pegasystems Inc. will post 1.89 EPS for the current year.

Pegasystems Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.015 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.07%. Pegasystems's payout ratio is presently 11.88%.

Insider Transactions at Pegasystems

In related news, CFO Kenneth Stillwell sold 2,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $105.63, for a total value of $211,260.00. Following the transaction, the chief financial officer now owns 14,466 shares in the company, valued at approximately $1,528,043.58. This trade represents a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Alan Trefler sold 31,500 shares of the business's stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $68.41, for a total value of $2,154,915.00. Following the completion of the transaction, the chairman now directly owns 17,184,614 shares of the company's stock, valued at approximately $1,175,599,443.74. This trade represents a 0.18 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 112,291 shares of company stock valued at $8,289,469. 50.10% of the stock is currently owned by company insiders.

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.

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