GSA Capital Partners LLP Increases Stock Position in Pegasystems Inc. (NASDAQ:PEGA)

GSA Capital Partners LLP lifted its position in Pegasystems Inc. (NASDAQ:PEGA - Free Report) by 136.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,066 shares of the technology company's stock after purchasing an additional 23,141 shares during the period. GSA Capital Partners LLP's holdings in Pegasystems were worth $2,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc lifted its stake in shares of Pegasystems by 15,120.0% in the 2nd quarter. Versant Capital Management Inc now owns 761 shares of the technology company's stock valued at $46,000 after purchasing an additional 756 shares during the period. Venturi Wealth Management LLC increased its holdings in Pegasystems by 49.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company's stock worth $48,000 after acquiring an additional 216 shares in the last quarter. Headlands Technologies LLC increased its holdings in Pegasystems by 64.0% in the 1st quarter. Headlands Technologies LLC now owns 869 shares of the technology company's stock worth $56,000 after acquiring an additional 339 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in Pegasystems in the 3rd quarter worth $57,000. Finally, Capital Performance Advisors LLP purchased a new stake in Pegasystems in the 3rd quarter worth $67,000. 46.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Wedbush boosted their price target on shares of Pegasystems from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. DA Davidson upped their target price on shares of Pegasystems from $60.00 to $70.00 and gave the stock a "neutral" rating in a report on Friday, July 26th. Royal Bank of Canada upped their target price on shares of Pegasystems from $77.00 to $90.00 and gave the stock an "outperform" rating in a report on Friday, July 26th. Rosenblatt Securities upped their target price on shares of Pegasystems from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, StockNews.com raised shares of Pegasystems from a "hold" rating to a "buy" rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Pegasystems currently has an average rating of "Moderate Buy" and a consensus target price of $85.90.

Insider Transactions at Pegasystems

In related news, CAO Efstathios A. Kouninis sold 750 shares of the company's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $71.00, for a total transaction of $53,250.00. Following the sale, the chief accounting officer now directly owns 2 shares in the company, valued at approximately $142. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Efstathios A. Kouninis sold 750 shares of the company's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $71.00, for a total transaction of $53,250.00. Following the sale, the chief accounting officer now directly owns 2 shares in the company, valued at approximately $142. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Efstathios A. Kouninis sold 932 shares of the company's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $71.00, for a total transaction of $66,172.00. Following the sale, the chief accounting officer now owns 2 shares in the company, valued at $142. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,093 shares of company stock valued at $3,042,389. 50.10% of the stock is currently owned by corporate insiders.

Pegasystems Trading Up 1.6 %

NASDAQ PEGA traded up $1.37 during trading hours on Tuesday, reaching $89.39. The company had a trading volume of 562,264 shares, compared to its average volume of 547,685. The stock has a 50-day moving average of $73.52 and a 200 day moving average of $66.14. Pegasystems Inc. has a 1-year low of $44.07 and a 1-year high of $89.61. The stock has a market capitalization of $7.67 billion, a P/E ratio of 64.25 and a beta of 1.06.

Pegasystems (NASDAQ:PEGA - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The technology company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.04. The company had revenue of $325.10 million for the quarter, compared to analysts' expectations of $326.16 million. Pegasystems had a net margin of 8.29% and a return on equity of 37.83%. Pegasystems's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.14 earnings per share. As a group, sell-side analysts predict that Pegasystems Inc. will post 1.61 EPS for the current year.

Pegasystems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.03 per share. The ex-dividend date was Tuesday, October 1st. This represents a $0.12 annualized dividend and a dividend yield of 0.13%. Pegasystems's dividend payout ratio is presently 8.76%.

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.