Pegasystems Inc. (NASDAQ:PEGA) Shares Purchased by Inspire Investing LLC

Inspire Investing LLC grew its stake in Pegasystems Inc. (NASDAQ:PEGA - Free Report) by 298.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,540 shares of the technology company's stock after purchasing an additional 19,132 shares during the period. Inspire Investing LLC's holdings in Pegasystems were worth $2,380,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. True Wealth Design LLC purchased a new position in Pegasystems during the third quarter worth approximately $27,000. Venturi Wealth Management LLC raised its stake in shares of Pegasystems by 49.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company's stock worth $48,000 after buying an additional 216 shares during the period. Financial Management Professionals Inc. purchased a new position in shares of Pegasystems during the 3rd quarter valued at approximately $57,000. Capital Performance Advisors LLP acquired a new stake in Pegasystems in the 3rd quarter valued at $67,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Pegasystems in the 2nd quarter worth $104,000. Institutional investors and hedge funds own 46.89% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. KeyCorp reiterated an "overweight" rating and issued a $118.00 target price on shares of Pegasystems in a research report on Tuesday, January 14th. Rosenblatt Securities boosted their price objective on Pegasystems from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. StockNews.com upgraded Pegasystems from a "hold" rating to a "buy" rating in a research report on Thursday, November 21st. 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, Citigroup raised their price objective on Pegasystems from $99.00 to $123.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.91.

Insider Buying and Selling at Pegasystems

In related news, insider Leon Trefler sold 8,288 shares of the company's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $81.23, for a total transaction of $673,234.24. Following the sale, the insider now directly owns 37,636 shares of the company's stock, valued at $3,057,172.28. This represents a 18.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Efstathios A. Kouninis sold 528 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $83.00, for a total transaction of $43,824.00. The disclosure for this sale can be found here. Insiders sold a total of 27,914 shares of company stock worth $2,414,935 over the last three months. Insiders own 50.10% of the company's stock.

Pegasystems Stock Up 2.1 %

Shares of Pegasystems stock traded up $2.24 during mid-day trading on Thursday, hitting $108.75. The stock had a trading volume of 1,121,634 shares, compared to its average volume of 855,964. The firm has a 50-day moving average of $94.92 and a two-hundred day moving average of $78.87. The firm has a market cap of $9.33 billion, a P/E ratio of 79.38 and a beta of 1.09. Pegasystems Inc. has a 12-month low of $45.95 and a 12-month high of $108.92.

Pegasystems (NASDAQ:PEGA - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. Pegasystems had a return on equity of 37.83% and a net margin of 8.29%. The company had revenue of $325.10 million during the quarter, compared to analysts' expectations of $326.16 million. During the same quarter last year, the firm earned $0.14 earnings per share. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. Sell-side analysts expect that Pegasystems Inc. will post 1.63 earnings per share for the current year.

Pegasystems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.11%. The ex-dividend date of this dividend was Thursday, January 2nd. Pegasystems's dividend payout ratio (DPR) is presently 8.76%.

About Pegasystems

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.