Pegasystems Inc. (PEGA) Position Held by Cambridge Trust Co.
Cambridge Trust Co. maintained its stake in shares of Pegasystems Inc. (NASDAQ:PEGA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,000 shares of the technology company’s stock at the end of the second quarter. Cambridge Trust Co.’s holdings in Pegasystems were worth $292,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of PEGA. Daiwa Securities Group Inc. bought a new stake in shares of Pegasystems during the second quarter worth approximately $105,000. Sei Investments Co. boosted its stake in shares of Pegasystems by 4,892.9% in the second quarter. Sei Investments Co. now owns 2,097 shares of the technology company’s stock worth $122,000 after buying an additional 2,055 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Pegasystems during the first quarter worth approximately $137,000. Bank of Montreal Can boosted its stake in shares of Pegasystems by 31.4% in the first quarter. Bank of Montreal Can now owns 4,723 shares of the technology company’s stock worth $208,000 after buying an additional 1,129 shares during the last quarter. Finally, Janus Capital Management LLC bought a new stake in shares of Pegasystems during the first quarter worth approximately $239,000. Institutional investors and hedge funds own 44.79% of the company’s stock.
Pegasystems Inc. (PEGA) opened at 59.35 on Tuesday. The stock has a 50 day moving average price of $60.10 and a 200-day moving average price of $49.46. Pegasystems Inc. has a 1-year low of $24.71 and a 1-year high of $64.85. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 108.90 and a beta of 1.46.
Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings results on Wednesday, May 10th. The technology company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.16. Pegasystems had a return on equity of 14.77% and a net margin of 5.26%. The firm had revenue of $223.20 million during the quarter, compared to analyst estimates of $200.52 million. During the same quarter in the previous year, the business earned $0.23 EPS. Pegasystems’s revenue for the quarter was up 24.8% compared to the same quarter last year. On average, equities research analysts forecast that Pegasystems Inc. will post $1.06 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Monday, July 3rd were paid a $0.03 dividend. The ex-dividend date was Thursday, June 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.20%. Pegasystems’s dividend payout ratio is presently 23.08%.
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A number of analysts have commented on the company. BidaskClub cut Pegasystems from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research cut Pegasystems from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Wedbush restated an “outperform” rating and issued a $60.00 price target (down previously from $67.00) on shares of Pegasystems in a research report on Tuesday, June 6th. JMP Securities restated an “outperform” rating and issued a $63.00 price target (up previously from $55.00) on shares of Pegasystems in a research report on Wednesday, June 7th. Finally, Benchmark Co. restated a “buy” rating and issued a $67.00 price target (up previously from $60.00) on shares of Pegasystems in a research report on Tuesday, June 6th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $60.00.
In related news, Director Richard H. Jones sold 19,600 shares of Pegasystems stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $55.65, for a total value of $1,090,740.00. Following the completion of the transaction, the director now owns 569,769 shares in the company, valued at approximately $31,707,644.85. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Efstathios A. Kouninis sold 581 shares of Pegasystems stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $59.40, for a total value of $34,511.40. Following the completion of the transaction, the vice president now owns 843 shares of the company’s stock, valued at approximately $50,074.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 85,886 shares of company stock valued at $5,044,204. 53.61% of the stock is owned by company insiders.
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 platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.
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