Pegasystems Inc. (NASDAQ:PEGA) Shares Bought by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. grew its position in shares of Pegasystems Inc. (NASDAQ:PEGA - Free Report) by 28.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,000 shares of the technology company's stock after purchasing an additional 4,000 shares during the period. Prescott Group Capital Management L.L.C.'s holdings in Pegasystems were worth $1,678,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PEGA. Private Advisor Group LLC acquired a new position in Pegasystems in the 3rd quarter valued at $310,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Pegasystems in the third quarter worth approximately $604,000. New York State Teachers Retirement System grew its holdings in Pegasystems by 5.4% in the third quarter. New York State Teachers Retirement System now owns 4,099 shares of the technology company's stock valued at $300,000 after purchasing an additional 211 shares during the period. Farther Finance Advisors LLC increased its position in Pegasystems by 19.4% during the third quarter. Farther Finance Advisors LLC now owns 2,306 shares of the technology company's stock worth $169,000 after purchasing an additional 374 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS purchased a new position in Pegasystems during the third quarter worth approximately $6,688,000. 46.89% of the stock is currently owned by hedge funds and other institutional investors.

Pegasystems Trading Up 0.6 %

NASDAQ PEGA traded up $0.41 during mid-day trading on Tuesday, reaching $70.83. 907,781 shares of the company's stock traded hands, compared to its average volume of 601,853. Pegasystems Inc. has a 1-year low of $54.55 and a 1-year high of $113.67. The company has a fifty day simple moving average of $93.91 and a 200-day simple moving average of $85.42. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 70.13 and a beta of 1.25.

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

Pegasystems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.17%. The ex-dividend date of this dividend was Thursday, January 2nd. Pegasystems's dividend payout ratio is currently 11.88%.

Analysts Set New Price Targets

A number of analysts have recently commented on PEGA shares. JMP Securities restated a "market outperform" rating and set a $110.00 price objective on shares of Pegasystems in a report on Thursday, February 13th. Citigroup upped their price target on Pegasystems from $99.00 to $123.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. StockNews.com lowered Pegasystems from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Royal Bank of Canada increased their target price on shares of Pegasystems from $90.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Finally, Barclays reduced their price target on shares of Pegasystems from $103.00 to $97.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $99.36.

Insider Buying and Selling at Pegasystems

In other Pegasystems news, insider Leon Trefler sold 752 shares of Pegasystems stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $93.83, for a total value of $70,560.16. Following the completion of the transaction, the insider now directly owns 37,973 shares in the company, valued at $3,563,006.59. The trade was a 1.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Efstathios A. Kouninis sold 299 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $96.90, for a total value of $28,973.10. The disclosure for this sale can be found here. Insiders have sold 48,342 shares of company stock worth $3,903,792 over the last quarter. 50.10% of the stock is owned by corporate 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.