Fiera Capital Corp lowered its position in Pegasystems Inc. (NASDAQ:PEGA) by 3.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,129 shares of the technology company’s stock after selling 1,307 shares during the period. Fiera Capital Corp’s holdings in Pegasystems were worth $2,502,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the business. Mastrapasqua Asset Management Inc. raised its position in shares of Pegasystems by 1.4% in the fourth quarter. Mastrapasqua Asset Management Inc. now owns 11,320 shares of the technology company’s stock worth $902,000 after acquiring an additional 160 shares during the period. Synovus Financial Corp raised its position in shares of Pegasystems by 7.2% during the 1st quarter. Synovus Financial Corp now owns 6,015 shares of the technology company’s stock worth $427,000 after purchasing an additional 406 shares during the last quarter. Signaturefd LLC acquired a new position in shares of Pegasystems during the 1st quarter worth about $34,000. Rhumbline Advisers raised its position in shares of Pegasystems by 1.3% during the 4th quarter. Rhumbline Advisers now owns 38,791 shares of the technology company’s stock worth $3,090,000 after purchasing an additional 482 shares during the last quarter. Finally, Pacifica Partners Inc. acquired a new position in shares of Pegasystems during the 1st quarter worth about $36,000. Institutional investors and hedge funds own 46.59% of the company’s stock.
In other news, CAO Efstathios A. Kouninis sold 490 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $92.00, for a total value of $45,080.00. Following the completion of the sale, the chief accounting officer now owns 2,520 shares of the company’s stock, valued at approximately $231,840. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard H. Jones sold 12,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $67.70, for a total transaction of $812,400.00. Following the completion of the sale, the director now directly owns 15,544 shares of the company’s stock, valued at approximately $1,052,328.80. The disclosure for this sale can be found here. In the last three months, insiders sold 24,514 shares of company stock valued at $1,824,933. Corporate insiders own 52.37% of the company’s stock.
Shares of NASDAQ PEGA opened at $89.97 on Friday. Pegasystems Inc. has a 12-month low of $38.01 and a 12-month high of $103.13. The stock has a market cap of $7.21 billion, a PE ratio of -81.79 and a beta of 1.24. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.98. The company has a 50-day moving average of $79.07 and a 200 day moving average of $80.70.
Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. Pegasystems had a negative net margin of 9.03% and a negative return on equity of 16.20%. The company had revenue of $265.59 million during the quarter, compared to analysts’ expectations of $255.98 million. During the same quarter in the prior year, the company earned ($0.12) EPS. Pegasystems’s revenue was up 25.0% compared to the same quarter last year. On average, sell-side analysts forecast that Pegasystems Inc. will post -1.14 EPS for the current fiscal year.
Several research analysts recently weighed in on PEGA shares. Wedbush upped their price target on shares of Pegasystems from $96.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Zacks Investment Research upgraded shares of Pegasystems from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a research report on Saturday. KeyCorp reduced their price target on shares of Pegasystems from $110.00 to $104.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Sidoti started coverage on shares of Pegasystems in a research note on Tuesday, April 14th. They set a “buy” rating and a $116.00 price objective for the company. Finally, DA Davidson reaffirmed a “buy” rating and set a $105.00 price objective on shares of Pegasystems in a research note on Thursday, February 13th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $108.33.
Pegasystems Inc develops, markets, licenses, and supports enterprise software applications in the United States, India, and internationally. It provides Pega Platform, an application development product for clients; and Pega Infinity, a software platform that unifies customer engagement and digital process automation.
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