Strs Ohio continued to hold its stake in Pegasystems Inc. (NASDAQ:PEGA) during the second quarter, Holdings Channel reports. The firm owned 19,900 shares of the technology company’s stock at the end of the second quarter. Strs Ohio’s holdings in Pegasystems were worth $1,161,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Virginia Retirement Systems ET AL acquired a new stake in Pegasystems during the first quarter valued at about $2,026,000. Eagle Asset Management Inc. acquired a new stake in Pegasystems during the first quarter valued at about $2,990,000. Karp Capital Management Corp acquired a new stake in Pegasystems during the first quarter valued at about $336,000. UBS Asset Management Americas Inc. boosted its stake in Pegasystems by 193.4% in the first quarter. UBS Asset Management Americas Inc. now owns 19,356 shares of the technology company’s stock valued at $849,000 after buying an additional 12,758 shares during the period. Finally, Suntrust Banks Inc. boosted its stake in Pegasystems by 3.0% in the first quarter. Suntrust Banks Inc. now owns 8,471 shares of the technology company’s stock valued at $371,000 after buying an additional 250 shares during the period. Institutional investors and hedge funds own 44.79% of the company’s stock.

Pegasystems Inc. (NASDAQ PEGA) opened at 53.025 on Monday. Pegasystems Inc. has a one year low of $24.94 and a one year high of $64.85. The firm has a market cap of $4.12 billion, a PE ratio of 84.840 and a beta of 1.46. The company has a 50-day moving average price of $59.59 and a 200-day moving average price of $50.35.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.04. Pegasystems had a net margin of 6.17% and a return on equity of 13.33%. The firm had revenue of $197.98 million for the quarter, compared to the consensus estimate of $205.06 million. During the same quarter last year, the company earned $0.19 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. Equities analysts predict that Pegasystems Inc. will post $0.97 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Monday, July 3rd were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Thursday, June 29th. Pegasystems’s dividend payout ratio (DPR) is 19.67%.

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Several equities research analysts have recently issued reports on the company. Zacks Investment Research cut Pegasystems from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. BidaskClub cut Pegasystems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. JMP Securities restated an “outperform” rating and set a $63.00 price objective (up previously from $55.00) on shares of Pegasystems in a report on Wednesday, June 7th. Benchmark Co. restated a “buy” rating and set a $67.00 price objective (up previously from $60.00) on shares of Pegasystems in a report on Tuesday, June 6th. Finally, Wedbush restated an “outperform” rating and set a $60.00 price objective (down previously from $67.00) on shares of Pegasystems in a report on Tuesday, June 6th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $63.00.

In other Pegasystems news, Director Richard H. Jones sold 11,200 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $59.97, for a total transaction of $671,664.00. Following the completion of the sale, the director now directly owns 529,292 shares in the company, valued at $31,741,641.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard H. Jones sold 14,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $57.90, for a total transaction of $810,600.00. Following the sale, the director now owns 537,292 shares of the company’s stock, valued at $31,109,206.80. The disclosure for this sale can be found here. Insiders have sold 66,286 shares of company stock valued at $3,953,464 over the last 90 days. Corporate insiders own 53.61% of the company’s stock.

Pegasystems Company Profile

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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Institutional Ownership by Quarter for Pegasystems (NASDAQ:PEGA)

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