Wilmington Savings Fund Society FSB Grows Stake in Pegasystems Inc. (NASDAQ:PEGA)

Wilmington Savings Fund Society FSB lifted its stake in shares of Pegasystems Inc. (NASDAQ:PEGA - Free Report) by 16,181.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,396 shares of the technology company's stock after buying an additional 4,369 shares during the period. Wilmington Savings Fund Society FSB's holdings in Pegasystems were worth $410,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of PEGA. The Manufacturers Life Insurance Company lifted its holdings in Pegasystems by 5.1% during the second quarter. The Manufacturers Life Insurance Company now owns 10,992 shares of the technology company's stock worth $665,000 after acquiring an additional 533 shares during the period. CWM LLC lifted its holdings in Pegasystems by 47.6% during the third quarter. CWM LLC now owns 31,306 shares of the technology company's stock worth $2,288,000 after acquiring an additional 10,103 shares during the period. Ellsworth Advisors LLC bought a new stake in Pegasystems during the third quarter worth $571,000. Inspire Advisors LLC bought a new stake in shares of Pegasystems in the third quarter valued at $229,000. Finally, Raymond James & Associates raised its stake in shares of Pegasystems by 166.8% in the third quarter. Raymond James & Associates now owns 70,432 shares of the technology company's stock valued at $5,148,000 after buying an additional 44,035 shares during the period. 46.89% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Pegasystems news, insider Leon Trefler sold 752 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $94.60, for a total transaction of $71,139.20. Following the sale, the insider now directly owns 36,884 shares in the company, valued at approximately $3,489,226.40. This trade represents a 2.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Efstathios A. Kouninis sold 299 shares of the firm's 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 14,003 shares of company stock worth $1,346,086 in the last 90 days. Insiders own 50.10% of the company's stock.

Analyst Upgrades and Downgrades

PEGA has been the topic of a number of analyst reports. Citigroup boosted their price objective on Pegasystems from $99.00 to $123.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Barclays decreased their price objective on Pegasystems from $103.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Friday. KeyCorp reiterated an "overweight" rating and set a $118.00 price objective on shares of Pegasystems in a research note on Tuesday, January 14th. Rosenblatt Securities boosted their price objective on Pegasystems from $95.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Wedbush boosted their target price on Pegasystems from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Pegasystems has an average rating of "Moderate Buy" and a consensus target price of $99.36.

Pegasystems Price Performance

PEGA traded down $0.26 during midday trading on Friday, reaching $85.02. 2,028,566 shares of the company's stock traded hands, compared to its average volume of 815,577. The firm has a fifty day moving average of $99.04 and a two-hundred day moving average of $83.87. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of 62.06 and a beta of 1.11. Pegasystems Inc. has a 52 week low of $54.55 and a 52 week high of $113.67.

Pegasystems (NASDAQ:PEGA - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.27 EPS for the quarter, missing analysts' consensus estimates of $1.47 by ($0.20). Pegasystems had a net margin of 8.29% and a return on equity of 37.83%. Sell-side analysts forecast that Pegasystems Inc. will post 1.63 EPS for the current year.

Pegasystems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend was Thursday, January 2nd. Pegasystems's dividend payout ratio is currently 8.76%.

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.