Duality Advisers LP Sells 1,544 Shares of Pegasystems Inc. (NASDAQ:PEGA)

Duality Advisers LP lessened its holdings in shares of Pegasystems Inc. (NASDAQ:PEGA) by 10.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,327 shares of the technology company’s stock after selling 1,544 shares during the quarter. Duality Advisers LP’s holdings in Pegasystems were worth $651,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PEGA. CWM LLC increased its stake in Pegasystems by 80.1% during the 3rd quarter. CWM LLC now owns 1,160 shares of the technology company’s stock valued at $50,000 after purchasing an additional 516 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in Pegasystems during the 3rd quarter valued at $91,000. Oak Thistle LLC purchased a new position in Pegasystems during the 3rd quarter worth $469,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Pegasystems by 14.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,251 shares of the technology company’s stock worth $402,000 after acquiring an additional 1,182 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new position in Pegasystems during the 3rd quarter worth $2,133,000. Institutional investors own 46.89% of the company’s stock.

Pegasystems Trading Down 0.7 %

Shares of Pegasystems stock opened at $58.88 on Thursday. The stock’s 50-day simple moving average is $63.09 and its 200 day simple moving average is $52.94. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.78 and a current ratio of 1.78. Pegasystems Inc. has a 52-week low of $37.66 and a 52-week high of $69.26. The stock has a market capitalization of $4.94 billion, a P/E ratio of 82.93 and a beta of 1.06.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.64. The company had revenue of $474.23 million during the quarter, compared to analyst estimates of $428.76 million. Pegasystems had a return on equity of 39.30% and a net margin of 4.73%. As a group, research analysts anticipate that Pegasystems Inc. will post 1.49 EPS for the current year.

Pegasystems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were given a $0.03 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.12 annualized dividend and a yield of 0.20%. Pegasystems’s dividend payout ratio (DPR) is presently 16.90%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PEGA shares. Royal Bank of Canada lifted their price objective on shares of Pegasystems from $65.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. StockNews.com raised shares of Pegasystems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 13th. Barclays cut their price target on shares of Pegasystems from $68.00 to $66.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. Wedbush reissued an “outperform” rating and issued a $90.00 price target on shares of Pegasystems in a report on Wednesday, April 10th. Finally, TheStreet raised shares of Pegasystems from a “d+” rating to a “c” rating in a report on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Pegasystems presently has an average rating of “Moderate Buy” and an average target price of $72.00.

Insider Activity

In related news, CAO Efstathios A. Kouninis sold 395 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $64.75, for a total transaction of $25,576.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Kenneth Stillwell sold 20,606 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $63.17, for a total transaction of $1,301,681.02. Following the transaction, the chief financial officer now directly owns 24,535 shares of the company’s stock, valued at $1,549,875.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Efstathios A. Kouninis sold 395 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $64.75, for a total value of $25,576.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,792 shares of company stock worth $2,781,669. 50.20% of the stock is currently owned by insiders.

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.