Pegasystems Inc. (NASDAQ:PEGA) Stock Holdings Boosted by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS boosted its stake in Pegasystems Inc. (NASDAQ:PEGA) by 12.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 102,730 shares of the technology company’s stock after acquiring an additional 11,225 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Pegasystems were worth $9,574,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Principal Securities Inc. boosted its position in shares of Pegasystems by 150.5% during the 4th quarter. Principal Securities Inc. now owns 278 shares of the technology company’s stock valued at $26,000 after purchasing an additional 167 shares in the last quarter. True Wealth Design LLC bought a new position in shares of Pegasystems during the 3rd quarter valued at about $27,000. Venturi Wealth Management LLC boosted its position in shares of Pegasystems by 49.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company’s stock valued at $48,000 after purchasing an additional 216 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in Pegasystems during the third quarter valued at about $57,000. Finally, Capital Performance Advisors LLP purchased a new stake in Pegasystems during the third quarter valued at about $67,000. Institutional investors own 46.89% of the company’s stock.

Analyst Ratings Changes

PEGA has been the subject of a number of research analyst reports. Rosenblatt Securities increased their price target 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. Barclays lowered their price target on Pegasystems from $103.00 to $97.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. KeyCorp restated an “overweight” rating and issued a $118.00 price objective on shares of Pegasystems in a research note on Tuesday, January 14th. Wedbush raised their price objective on shares of Pegasystems from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, StockNews.com raised Pegasystems from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $99.36.

Pegasystems Price Performance

Shares of Pegasystems stock opened at $86.06 on Wednesday. The business has a fifty day simple moving average of $98.85 and a two-hundred day simple moving average of $84.18. Pegasystems Inc. has a 1 year low of $54.55 and a 1 year high of $113.67. The company has a market capitalization of $7.39 billion, a price-to-earnings ratio of 62.82 and a beta of 1.11.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.20). Pegasystems had a return on equity of 37.83% and a net margin of 8.29%. As a group, equities analysts anticipate that Pegasystems Inc. will post 1.63 earnings per share for the current fiscal year.

Pegasystems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Thursday, January 2nd. Pegasystems’s dividend payout ratio (DPR) is presently 11.88%.

Insider Activity at Pegasystems

In related news, CFO Kenneth Stillwell sold 6,200 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $94.67, for a total value of $586,954.00. Following the sale, the chief financial officer now directly owns 18,466 shares of the company’s stock, valued at $1,748,176.22. This trade represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Efstathios A. Kouninis sold 299 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $96.90, for a total value of $28,973.10. The disclosure for this sale can be found here. Insiders have sold 14,003 shares of company stock valued at $1,346,086 over the last ninety days. 50.10% of the stock is owned by corporate insiders.

Pegasystems Company Profile

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.