Thames Capital Management LLC Invests $2.84 Million in Pegasystems Inc. (NASDAQ:PEGA)

Thames Capital Management LLC bought a new position in Pegasystems Inc. (NASDAQ:PEGA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 30,450 shares of the technology company's stock, valued at approximately $2,838,000.

Other large investors have also made changes to their positions in the company. Sanctuary Advisors LLC boosted its position in Pegasystems by 4.9% during the 4th quarter. Sanctuary Advisors LLC now owns 4,667 shares of the technology company's stock worth $435,000 after acquiring an additional 219 shares during the period. Global Retirement Partners LLC lifted its position in shares of Pegasystems by 48.0% in the fourth quarter. Global Retirement Partners LLC now owns 789 shares of the technology company's stock worth $74,000 after purchasing an additional 256 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Pegasystems by 9.7% during the fourth quarter. Principal Financial Group Inc. now owns 3,993 shares of the technology company's stock worth $372,000 after purchasing an additional 354 shares during the period. Kestra Investment Management LLC lifted its position in Pegasystems by 32.8% in the 4th quarter. Kestra Investment Management LLC now owns 16,230 shares of the technology company's stock worth $1,513,000 after buying an additional 4,011 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Pegasystems by 1.2% during the 4th quarter. Swiss National Bank now owns 84,000 shares of the technology company's stock valued at $7,829,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 46.89% of the company's stock.

Pegasystems Stock Down 0.3 %

Shares of PEGA stock traded down $0.23 during trading hours on Friday, reaching $67.48. 230,816 shares of the company's stock were exchanged, compared to its average volume of 657,352. Pegasystems Inc. has a fifty-two week low of $54.55 and a fifty-two week high of $113.67. The stock has a market capitalization of $5.80 billion, a P/E ratio of 66.82 and a beta of 1.22. The business has a fifty day moving average price of $78.57 and a 200-day moving average price of $85.50.

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

Pegasystems Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.015 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.06 annualized dividend and a yield of 0.09%. Pegasystems's dividend payout ratio is 11.88%.

Wall Street Analysts Forecast Growth

PEGA has been the subject of several recent research reports. KeyCorp reiterated an "overweight" rating and set a $118.00 price objective on shares of Pegasystems in a report on Tuesday, January 14th. StockNews.com lowered Pegasystems from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Citigroup boosted their price target on Pegasystems from $99.00 to $123.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Rosenblatt Securities lifted their price objective on shares of Pegasystems from $95.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, Royal Bank of Canada raised their target price on Pegasystems from $90.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $99.36.

Insider Buying and Selling at Pegasystems

In other news, CFO Kenneth Stillwell sold 2,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $69.75, for a total transaction of $139,500.00. Following the completion of the transaction, the chief financial officer now directly owns 21,245 shares of the company's stock, valued at approximately $1,481,838.75. This trade represents a 8.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Alan Trefler sold 31,500 shares of Pegasystems stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $70.93, for a total transaction of $2,234,295.00. Following the sale, the chairman now owns 17,247,614 shares in the company, valued at approximately $1,223,373,261.02. This trade represents a 0.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,791 shares of company stock valued at $6,134,554 in the last quarter. Corporate insiders own 50.10% of the company's stock.

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.