Robocap Asset Management Ltd Invests $2.36 Million in Pegasystems Inc. $PEGA

Key Points

• Robocap Asset Management opened a new position in Pegasystems, buying 39,493 shares valued at about $2.36 million, making PEGA its 21st-largest holding (2.1% of the fund).
• Pegasystems missed Q1 estimates, reporting $0.46 EPS vs. a $0.68 consensus and revenue of $429.97M vs. $473.24M, with revenue down 9.6% year‑over‑year.
• Insider activity and analyst view: insiders sold 52,594 shares in the last 90 days and now own ~49.7% of shares, while analysts hold a consensus “Moderate Buy” with an average target of $63.70.

Robocap Asset Management Ltd acquired a new position in Pegasystems Inc. (NASDAQ:PEGA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 39,493 shares of the technology company's stock, valued at approximately $2,359,000. Pegasystems accounts for 2.1% of Robocap Asset Management Ltd's holdings, making the stock its 21st largest position.

Several other large investors have also recently modified their holdings of PEGA. NewEdge Advisors LLC increased its holdings in shares of Pegasystems by 141,900.0% in the first quarter. NewEdge Advisors LLC now owns 4,260 shares of the technology company's stock worth $296,000 after buying an additional 4,257 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Pegasystems by 450.4% in the first quarter. Jones Financial Companies Lllp now owns 1,844 shares of the technology company's stock worth $128,000 after buying an additional 1,509 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Pegasystems by 5.6% in the first quarter. Goldman Sachs Group Inc. now owns 248,168 shares of the technology company's stock worth $17,253,000 after buying an additional 13,075 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Pegasystems by 18.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 155,783 shares of the technology company's stock worth $10,830,000 after buying an additional 23,713 shares during the period. Finally, Focus Partners Wealth increased its holdings in shares of Pegasystems by 55.0% in the first quarter. Focus Partners Wealth now owns 5,476 shares of the technology company's stock worth $381,000 after buying an additional 1,943 shares during the period. Hedge funds and other institutional investors own 46.89% of the company's stock.

Pegasystems Stock Performance

Pegasystems stock opened at $36.20 on Friday. The stock's 50 day simple moving average is $42.12 and its two-hundred day simple moving average is $50.60. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 19.46 and a beta of 0.88. Pegasystems Inc. has a fifty-two week low of $34.33 and a fifty-two week high of $68.10.

Pegasystems (NASDAQ:PEGA - Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The technology company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.22). Pegasystems had a net margin of 20.04% and a return on equity of 30.05%. The firm had revenue of $429.97 million for the quarter, compared to the consensus estimate of $473.24 million. During the same period in the previous year, the firm posted $0.76 earnings per share. The business's revenue was down 9.6% compared to the same quarter last year. On average, analysts predict that Pegasystems Inc. will post 1.94 earnings per share for the current year.

Pegasystems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, April 1st. Pegasystems's payout ratio is currently 6.45%.

Analyst Upgrades and Downgrades

PEGA has been the topic of several analyst reports. Royal Bank Of Canada reiterated an "outperform" rating and issued a $60.00 price objective (down from $65.00) on shares of Pegasystems in a report on Wednesday, April 22nd. DA Davidson set a $55.00 target price on Pegasystems and gave the stock a "buy" rating in a research note on Friday, April 17th. Wedbush reissued an "outperform" rating and issued a $60.00 target price on shares of Pegasystems in a research note on Thursday, April 23rd. Zacks Research cut Pegasystems from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 24th. Finally, Wall Street Zen cut Pegasystems from a "strong-buy" rating to a "hold" rating in a research note on Saturday, February 14th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $63.70.

Insider Transactions at Pegasystems

In other news, insider Rifat Kerim Akgonul sold 7,594 shares of the business's stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $43.39, for a total value of $329,503.66. Following the sale, the insider directly owned 111,429 shares of the company's stock, valued at $4,834,904.31. The trade was a 6.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kenneth Stillwell sold 44,000 shares of the business's stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $44.81, for a total transaction of $1,971,640.00. Following the completion of the transaction, the chief financial officer owned 109,123 shares of the company's stock, valued at approximately $4,889,801.63. The trade was a 28.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 52,594 shares of company stock valued at $2,344,024 in the last ninety days. 49.70% of the stock is currently owned by corporate insiders.

About Pegasystems

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.

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