Nationwide Fund Advisors decreased its position in shares of Pegasystems Inc. (NASDAQ:PEGA) by 1.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,898 shares of the company’s stock after selling 855 shares during the period. Nationwide Fund Advisors owned 0.06% of Pegasystems worth $1,354,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Teacher Retirement System of Texas boosted its position in shares of Pegasystems by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 5,330 shares of the company’s stock worth $144,000 after buying an additional 654 shares during the last quarter. Swiss National Bank boosted its position in shares of Pegasystems by 1.2% in the second quarter. Swiss National Bank now owns 65,000 shares of the company’s stock worth $1,752,000 after buying an additional 800 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Pegasystems by 3.0% in the second quarter. Rhumbline Advisers now owns 39,682 shares of the company’s stock worth $1,069,000 after buying an additional 1,157 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Pegasystems by 4.0% in the second quarter. State Board of Administration of Florida Retirement System now owns 39,669 shares of the company’s stock worth $1,069,000 after buying an additional 1,513 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Pegasystems by 2.3% in the second quarter. American Century Companies Inc. now owns 160,874 shares of the company’s stock worth $4,336,000 after buying an additional 3,637 shares during the last quarter. 44.10% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Pegasystems (NASDAQ:PEGA)

Shares of Pegasystems Inc. (NASDAQ:PEGA) traded up 0.84% during mid-day trading on Wednesday, reaching $36.10. The company has a market capitalization of $2.76 billion, a P/E ratio of 78.48 and a beta of 1.56. Pegasystems Inc. has a 12 month low of $20.38 and a 12 month high of $36.85. The stock has a 50-day moving average price of $32.35 and a 200-day moving average price of $28.48.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Pegasystems had a return on equity of 15.13% and a net margin of 4.77%. The firm had revenue of $182.80 million for the quarter, compared to analyst estimates of $185.88 million. During the same period in the prior year, the firm posted $0.17 EPS. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. Equities research analysts forecast that Pegasystems Inc. will post $0.94 earnings per share for the current fiscal year.

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A number of research analysts have issued reports on the company. Zacks Investment Research cut Pegasystems from a “hold” rating to a “sell” rating in a report on Saturday, August 6th. JMP Securities reaffirmed a “buy” rating on shares of Pegasystems in a report on Thursday, November 3rd. Wedbush lifted their price target on Pegasystems from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, November 3rd. Sidoti cut Pegasystems from a “buy” rating to a “neutral” rating in a report on Monday, November 14th. Finally, TheStreet cut Pegasystems from a “buy” rating to a “hold” rating in a report on Friday, August 26th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $32.75.

In other Pegasystems news, Director William W. Wyman sold 16,700 shares of the company’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $27.91, for a total value of $466,097.00. Following the transaction, the director now directly owns 16,741 shares of the company’s stock, valued at approximately $467,241.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Leon Trefler sold 4,313 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $33.13, for a total value of $142,889.69. Following the completion of the transaction, the senior vice president now directly owns 14,587 shares in the company, valued at $483,267.31. The disclosure for this sale can be found here. 53.44% of the stock is owned by company insiders.

About Pegasystems

Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega 7 platform. Its software is designed to assist clients in building, deploying, and evolving enterprise applications.

5 Day Chart for NASDAQ:PEGA

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