US Bancorp DE grew its position in Pegasystems Inc. (NASDAQ:PEGA) by 3.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,752 shares of the technology company’s stock after buying an additional 1,145 shares during the quarter. US Bancorp DE’s holdings in Pegasystems were worth $1,795,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. We Are One Seven LLC boosted its holdings in shares of Pegasystems by 787.4% in the first quarter. We Are One Seven LLC now owns 3,248 shares of the technology company’s stock worth $197,000 after buying an additional 2,882 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of Pegasystems in the first quarter worth approximately $218,000. Greenwood Capital Associates LLC purchased a new stake in shares of Pegasystems in the second quarter worth approximately $228,000. State of Alaska Department of Revenue purchased a new stake in shares of Pegasystems in the second quarter worth approximately $250,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of Pegasystems in the first quarter worth approximately $312,000. Institutional investors own 45.43% of the company’s stock.
A number of analysts have recently issued reports on PEGA shares. TheStreet lowered shares of Pegasystems from a “b” rating to a “c+” rating in a research report on Thursday, May 24th. ValuEngine raised shares of Pegasystems from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. BidaskClub raised shares of Pegasystems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Wedbush reissued an “outperform” rating and issued a $76.00 price target (down from $78.00) on shares of Pegasystems in a research report on Monday, August 6th. Finally, Zacks Investment Research raised shares of Pegasystems from a “sell” rating to a “hold” rating in a research report on Wednesday, June 27th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $69.80.
NASDAQ PEGA opened at $62.55 on Thursday. The company has a market capitalization of $5.01 billion, a PE ratio of 284.32, a P/E/G ratio of 47.78 and a beta of 1.08. Pegasystems Inc. has a 52-week low of $45.40 and a 52-week high of $67.95.
Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Wednesday, August 8th. The technology company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.35). The business had revenue of $196.78 million for the quarter, compared to the consensus estimate of $217.24 million. Pegasystems had a negative net margin of 0.43% and a positive return on equity of 0.01%. Pegasystems’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 EPS. research analysts anticipate that Pegasystems Inc. will post 0.17 EPS for the current fiscal year.
In related news, CFO Kenneth Stillwell sold 1,949 shares of the firm’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $54.44, for a total transaction of $106,103.56. Following the transaction, the chief financial officer now owns 13,749 shares of the company’s stock, valued at $748,495.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Larry Weber sold 750 shares of the firm’s stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of $62.15, for a total transaction of $46,612.50. Following the transaction, the director now directly owns 2,770 shares in the company, valued at approximately $172,155.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,369 shares of company stock worth $1,064,842. Insiders own 52.85% of the company’s stock.
Pegasystems Inc develops, markets, licenses, and supports software applications for marketing, sales automation, customer service, and operations in the United States and internationally. It provides Pega Platform, an application development product for clients to build and extend their own applications.
Recommended Story: Google Finance Portfolio Workaround
Want to see what other hedge funds are holding PEGA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pegasystems Inc. (NASDAQ:PEGA).
Receive News & Ratings for Pegasystems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pegasystems and related companies with MarketBeat.com's FREE daily email newsletter.