Wealth Enhancement Advisory Services LLC Has $783,000 Holdings in Pegasystems Inc. (NASDAQ:PEGA)

Wealth Enhancement Advisory Services LLC raised its holdings in Pegasystems Inc. (NASDAQ:PEGA) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,401 shares of the technology company’s stock after buying an additional 141 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Pegasystems were worth $783,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB lifted its stake in shares of Pegasystems by 9.9% during the 4th quarter. Nordea Investment Management AB now owns 88,554 shares of the technology company’s stock worth $8,353,000 after buying an additional 7,947 shares during the last quarter. Franklin Resources Inc. raised its holdings in Pegasystems by 54.0% in the 3rd quarter. Franklin Resources Inc. now owns 141,031 shares of the technology company’s stock valued at $10,362,000 after acquiring an additional 49,433 shares during the period. Sanctuary Advisors LLC acquired a new stake in Pegasystems during the third quarter worth approximately $325,000. Geode Capital Management LLC boosted its holdings in shares of Pegasystems by 3.3% during the third quarter. Geode Capital Management LLC now owns 819,282 shares of the technology company’s stock worth $59,895,000 after acquiring an additional 25,901 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its position in shares of Pegasystems by 40.9% in the third quarter. Y Intercept Hong Kong Ltd now owns 17,198 shares of the technology company’s stock valued at $1,257,000 after purchasing an additional 4,988 shares during the last quarter. 46.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada lifted their price target on Pegasystems from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. StockNews.com raised Pegasystems from a “hold” rating to a “buy” rating in a report on Thursday, November 21st. Wedbush boosted their target price on shares of Pegasystems from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. KeyCorp reaffirmed an “overweight” rating and set a $118.00 price target on shares of Pegasystems in a research report on Tuesday. Finally, Barclays boosted their price objective on shares of Pegasystems from $74.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.91.

Insider Buying and Selling

In other Pegasystems news, insider Leon Trefler sold 752 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $94.60, for a total transaction of $71,139.20. Following the sale, the insider now owns 36,884 shares of the company’s stock, valued at approximately $3,489,226.40. The trade was a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Efstathios A. Kouninis sold 299 shares of the company’s stock in a transaction on Monday, December 16th. The stock was 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. Insiders sold a total of 27,914 shares of company stock worth $2,414,935 in the last ninety days. 50.10% of the stock is owned by insiders.

Pegasystems Trading Up 2.5 %

Shares of NASDAQ:PEGA opened at $102.49 on Friday. The firm has a 50 day moving average of $93.30 and a 200-day moving average of $77.28. Pegasystems Inc. has a 12 month low of $45.36 and a 12 month high of $104.59. The stock has a market capitalization of $8.79 billion, a PE ratio of 74.81 and a beta of 1.09.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. Pegasystems had a net margin of 8.29% and a return on equity of 37.83%. The business had revenue of $325.10 million during the quarter, compared to the consensus estimate of $326.16 million. During the same period in the previous year, the business earned $0.14 earnings per share. The company’s revenue was down 2.8% on a year-over-year basis. On average, research analysts predict that Pegasystems Inc. will post 1.61 EPS for the current fiscal year.

Pegasystems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.03 per share. The ex-dividend date was Thursday, January 2nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.12%. Pegasystems’s dividend payout ratio (DPR) is currently 8.76%.

Pegasystems 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.