Universal Beteiligungs und Servicegesellschaft mbH Has $9.86 Million Holdings in Pegasystems Inc. $PEGA

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Pegasystems Inc. (NASDAQ:PEGA) by 65.1% in the third quarter, Holdings Channel.com reports. The firm owned 171,452 shares of the technology company’s stock after buying an additional 67,588 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Pegasystems were worth $9,858,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Spire Wealth Management lifted its holdings in shares of Pegasystems by 274.2% in the second quarter. Spire Wealth Management now owns 565 shares of the technology company’s stock valued at $31,000 after purchasing an additional 414 shares in the last quarter. Mather Group LLC. purchased a new stake in Pegasystems in the 3rd quarter valued at $33,000. MAI Capital Management lifted its stake in Pegasystems by 124.5% during the 2nd quarter. MAI Capital Management now owns 696 shares of the technology company’s stock valued at $38,000 after acquiring an additional 386 shares in the last quarter. Blue Trust Inc. lifted its stake in Pegasystems by 902.9% during the 3rd quarter. Blue Trust Inc. now owns 682 shares of the technology company’s stock valued at $39,000 after acquiring an additional 614 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in Pegasystems by 159.8% during the 2nd quarter. UMB Bank n.a. now owns 730 shares of the technology company’s stock worth $40,000 after acquiring an additional 449 shares during the last quarter. 46.89% of the stock is owned by institutional investors.

Insider Transactions at Pegasystems

In other news, CFO Kenneth Stillwell sold 14,405 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $57.87, for a total transaction of $833,617.35. Following the completion of the transaction, the chief financial officer owned 131,621 shares in the company, valued at approximately $7,616,907.27. This represents a 9.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Alan Trefler sold 45,000 shares of the business’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $49.02, for a total value of $2,205,900.00. Following the completion of the sale, the chairman owned 44,394,454 shares in the company, valued at $2,176,216,135.08. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 169,272 shares of company stock worth $9,606,522 over the last 90 days. 49.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PEGA has been the topic of a number of recent analyst reports. DA Davidson raised shares of Pegasystems from a “neutral” rating to a “buy” rating and raised their price target for the company from $60.00 to $85.00 in a research report on Wednesday, October 22nd. Barclays lifted their target price on shares of Pegasystems from $58.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. upped their target price on Pegasystems from $65.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, December 5th. Wedbush increased their price target on Pegasystems from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Pegasystems in a research report on Monday, December 29th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Pegasystems has an average rating of “Moderate Buy” and an average price target of $70.05.

Pegasystems Trading Up 0.5%

NASDAQ:PEGA opened at $50.38 on Friday. Pegasystems Inc. has a 12 month low of $29.84 and a 12 month high of $68.10. The firm’s 50 day moving average is $57.19 and its 200 day moving average is $56.78. The stock has a market capitalization of $8.55 billion, a PE ratio of 33.81 and a beta of 1.08.

Pegasystems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, January 2nd. Pegasystems’s dividend payout ratio is currently 8.05%.

Pegasystems Profile

Pegasystems Inc is a software company specializing in customer engagement and digital process automation solutions. Headquartered in Cambridge, Massachusetts, Pegasystems develops enterprise applications designed to help organizations streamline operations, manage customer interactions and automate complex workflows. Its platform supports a wide range of use cases, from sales and marketing optimization to case management and robotic process automation.

The core of Pegasystems’ offering is the Pega Platform, a low-code development environment that enables businesses to build and deploy applications with minimal hand-coding.