2,452 Shares in Pegasystems Inc. (NASDAQ:PEGA) Purchased by Callan Family Office LLC

Callan Family Office LLC purchased a new stake in Pegasystems Inc. (NASDAQ:PEGA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,452 shares of the technology company’s stock, valued at approximately $229,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Crossmark Global Holdings Inc. boosted its holdings in shares of Pegasystems by 110.0% in the third quarter. Crossmark Global Holdings Inc. now owns 25,195 shares of the technology company’s stock valued at $1,842,000 after acquiring an additional 13,200 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in Pegasystems by 4.9% during the fourth quarter. Sanctuary Advisors LLC now owns 4,667 shares of the technology company’s stock worth $435,000 after buying an additional 219 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Pegasystems by 48.0% during the fourth quarter. Global Retirement Partners LLC now owns 789 shares of the technology company’s stock worth $74,000 after buying an additional 256 shares in the last quarter. Foundry Partners LLC bought a new stake in Pegasystems during the third quarter worth approximately $9,567,000. Finally, Principal Financial Group Inc. boosted its holdings in Pegasystems by 9.7% during the fourth quarter. Principal Financial Group Inc. now owns 3,993 shares of the technology company’s stock worth $372,000 after buying an additional 354 shares in the last quarter. 46.89% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Leon Trefler sold 752 shares of Pegasystems stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $93.83, for a total transaction of $70,560.16. Following the completion of the transaction, the insider now directly owns 37,973 shares of the company’s stock, valued at $3,563,006.59. This trade represents a 1.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Efstathios A. Kouninis sold 299 shares of Pegasystems stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $96.90, for a total transaction of $28,973.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,342 shares of company stock worth $3,903,792. Corporate insiders own 50.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on PEGA shares. Royal Bank of Canada upped their price target on shares of Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. StockNews.com downgraded shares of Pegasystems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Barclays cut their target price on shares of Pegasystems from $103.00 to $97.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Citigroup increased their target price on shares of Pegasystems from $99.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, Rosenblatt Securities increased their target price on shares of Pegasystems from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $99.36.

Pegasystems Trading Up 0.6 %

NASDAQ:PEGA opened at $70.83 on Wednesday. The firm has a market capitalization of $6.08 billion, a PE ratio of 70.13 and a beta of 1.25. The firm’s fifty day simple moving average is $93.46 and its 200 day simple moving average is $85.43. Pegasystems Inc. has a 1 year low of $54.55 and a 1 year high of $113.67.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.20). Pegasystems had a return on equity of 32.09% and a net margin of 6.63%. As a group, analysts anticipate that Pegasystems Inc. will post 1.89 EPS for the current fiscal year.

Pegasystems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.03 per share. The ex-dividend date was Thursday, January 2nd. This represents a $0.12 annualized dividend and a dividend yield of 0.17%. Pegasystems’s dividend payout ratio (DPR) is currently 11.88%.

About Pegasystems

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.