NumerixS Investment Technologies Inc acquired a new position in Pegasystems Inc. (NASDAQ:PEGA) during the first quarter, Holdings Channel reports. The fund acquired 4,200 shares of the technology company’s stock, valued at approximately $270,000.
Several other hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in shares of Pegasystems by 4.6% in the first quarter. PNC Financial Services Group Inc. now owns 4,489 shares of the technology company’s stock worth $291,000 after purchasing an additional 196 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Pegasystems by 46.1% in the fourth quarter. Parallel Advisors LLC now owns 792 shares of the technology company’s stock worth $37,000 after purchasing an additional 250 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Pegasystems by 0.5% in the first quarter. California State Teachers Retirement System now owns 59,518 shares of the technology company’s stock worth $3,869,000 after purchasing an additional 269 shares in the last quarter. Quantamental Technologies LLC lifted its position in shares of Pegasystems by 542.2% in the first quarter. Quantamental Technologies LLC now owns 411 shares of the technology company’s stock worth $27,000 after purchasing an additional 347 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Pegasystems by 22.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,725 shares of the technology company’s stock worth $130,000 after purchasing an additional 495 shares in the last quarter. 46.29% of the stock is currently owned by institutional investors and hedge funds.
In other Pegasystems news, Director Richard H. Jones sold 25,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $64.89, for a total value of $1,622,250.00. Following the transaction, the director now directly owns 297,537 shares in the company, valued at $19,307,175.93. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Efstathios A. Kouninis sold 500 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $65.50, for a total transaction of $32,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,765 shares of company stock worth $3,035,357. Corporate insiders own 52.85% of the company’s stock.
A number of equities analysts recently weighed in on PEGA shares. TheStreet upgraded shares of Pegasystems from a “c” rating to a “b-” rating in a report on Friday, March 22nd. Benchmark restated a “buy” rating and set a $80.00 target price (up from $72.00) on shares of Pegasystems in a report on Wednesday, May 8th. BidaskClub downgraded shares of Pegasystems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research upgraded shares of Pegasystems from a “strong sell” rating to a “hold” rating and set a $67.00 target price on the stock in a report on Tuesday, February 19th. Finally, JMP Securities boosted their target price on shares of Pegasystems from $72.00 to $81.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $79.20.
NASDAQ:PEGA opened at $71.44 on Monday. Pegasystems Inc. has a one year low of $43.21 and a one year high of $76.49. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.08.
Pegasystems (NASDAQ:PEGA) last released its quarterly earnings data on Tuesday, May 7th. The technology company reported ($0.31) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.24). Pegasystems had a negative net margin of 3.49% and a negative return on equity of 4.85%. The company had revenue of $212.50 million during the quarter, compared to analyst estimates of $237.63 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. Pegasystems’s revenue for the quarter was down 9.7% on a year-over-year basis. Analysts anticipate that Pegasystems Inc. will post -0.7 earnings per share for the current year.
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Pegasystems Inc develops, markets, licenses, and supports enterprise software applications in the United States, India, and internationally. It provides Pega Platform, an application development product for clients; and Pega Infinity, a software platform that unifies customer engagement and digital process automation.
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