Lindenwold Advisors INC Purchases Shares of 5,306 Pegasystems Inc. $PEGA

Key Points

• Lindenwold Advisors INC acquired 5,306 shares of Pegasystems Inc. valued at approximately $287,000, marking a new stake by the institutional investor.
• Several analysts have raised their target prices for Pegasystems, with Wedbush and Loop Capital both establishing new target prices of $70, reflecting positive outlooks.
• Pegasystems recently announced a quarterly dividend of $0.03, with the ex-dividend date set for October 1st, translating to an annual yield of 0.2%.

Lindenwold Advisors INC purchased a new stake in Pegasystems Inc. (NASDAQ:PEGA - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,306 shares of the technology company's stock, valued at approximately $287,000.

Other institutional investors also recently modified their holdings of the company. CX Institutional bought a new position in shares of Pegasystems in the first quarter valued at $36,000. SBI Securities Co. Ltd. increased its holdings in shares of Pegasystems by 139.7% in the first quarter. SBI Securities Co. Ltd. now owns 549 shares of the technology company's stock valued at $38,000 after buying an additional 320 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Pegasystems by 50.5% in the first quarter. GAMMA Investing LLC now owns 599 shares of the technology company's stock valued at $42,000 after buying an additional 201 shares in the last quarter. UMB Bank n.a. raised its stake in Pegasystems by 159.8% during the 2nd quarter. UMB Bank n.a. now owns 730 shares of the technology company's stock valued at $40,000 after purchasing an additional 449 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Pegasystems during the 1st quarter valued at $57,000. Institutional investors own 46.89% of the company's stock.

Wall Street Analysts Forecast Growth

PEGA has been the topic of several recent analyst reports. Wedbush boosted their target price on shares of Pegasystems from $68.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Weiss Ratings reissued a "hold (c+)" rating on shares of Pegasystems in a research note on Wednesday. Loop Capital boosted their target price on shares of Pegasystems from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. DA Davidson boosted their target price on shares of Pegasystems from $50.00 to $60.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Citigroup boosted their target price on shares of Pegasystems from $66.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $61.83.

Insider Transactions at Pegasystems

In related news, Chairman Alan Trefler sold 45,000 shares of the company's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $58.22, for a total value of $2,619,900.00. Following the completion of the sale, the chairman directly owned 45,024,364 shares in the company, valued at approximately $2,621,318,472.08. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Kenneth Stillwell sold 11,147 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $58.19, for a total transaction of $648,643.93. Following the completion of the sale, the chief financial officer owned 119,868 shares of the company's stock, valued at $6,975,118.92. This represents a 8.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 132,607 shares of company stock valued at $7,644,274 in the last three months. 49.70% of the stock is currently owned by company insiders.

Pegasystems Stock Down 4.5%

Pegasystems stock opened at $53.72 on Friday. The company's fifty day simple moving average is $55.55 and its 200-day simple moving average is $49.88. Pegasystems Inc. has a 12 month low of $29.84 and a 12 month high of $61.00. The stock has a market cap of $9.19 billion, a P/E ratio of 46.11 and a beta of 1.08.

Pegasystems (NASDAQ:PEGA - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.24 by $0.04. Pegasystems had a net margin of 13.14% and a return on equity of 42.42%. The business had revenue of $384.51 million for the quarter, compared to analysts' expectations of $345.07 million. During the same period in the previous year, the company posted $0.26 EPS. Pegasystems's revenue was up 9.5% on a year-over-year basis. On average, equities research analysts expect that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Pegasystems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a $0.03 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $0.12 dividend on an annualized basis and a yield of 0.2%. Pegasystems's dividend payout ratio is currently 10.34%.

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.

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