New York State Common Retirement Fund increased its stake in shares of Pegasystems Inc. (NASDAQ:PEGA) by 10.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,299 shares of the technology company’s stock after buying an additional 4,199 shares during the period. New York State Common Retirement Fund owned about 0.06% of Pegasystems worth $2,554,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PEGA. Vanguard Group Inc. boosted its position in Pegasystems by 8.1% during the second quarter. Vanguard Group Inc. now owns 3,007,693 shares of the technology company’s stock worth $175,499,000 after purchasing an additional 225,809 shares during the period. Contour Asset Management LLC boosted its position in Pegasystems by 39.7% during the second quarter. Contour Asset Management LLC now owns 1,777,848 shares of the technology company’s stock worth $103,737,000 after purchasing an additional 504,955 shares during the period. Whale Rock Capital Management LLC boosted its position in Pegasystems by 4.2% during the second quarter. Whale Rock Capital Management LLC now owns 1,031,758 shares of the technology company’s stock worth $60,203,000 after purchasing an additional 41,824 shares during the period. Eagle Asset Management Inc. boosted its position in Pegasystems by 1,002.7% during the second quarter. Eagle Asset Management Inc. now owns 751,993 shares of the technology company’s stock worth $43,878,000 after purchasing an additional 683,797 shares during the period. Finally, State Street Corp boosted its position in Pegasystems by 6.4% during the second quarter. State Street Corp now owns 721,167 shares of the technology company’s stock worth $42,085,000 after purchasing an additional 43,182 shares during the period. Institutional investors and hedge funds own 45.77% of the company’s stock.

Pegasystems Inc. (NASDAQ:PEGA) opened at $47.15 on Friday. Pegasystems Inc. has a 1 year low of $35.35 and a 1 year high of $64.85. The firm has a market cap of $3,624.38, a PE ratio of 85.73 and a beta of 1.24.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Pegasystems had a net margin of 5.67% and a return on equity of 9.86%. The company had revenue of $179.80 million during the quarter, compared to analyst estimates of $200.15 million. During the same period last year, the business earned $0.17 earnings per share. Pegasystems’s revenue was down 1.7% compared to the same quarter last year. equities analysts expect that Pegasystems Inc. will post 0.26 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be given a $0.03 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.25%. Pegasystems’s dividend payout ratio (DPR) is currently 21.82%.

In other news, VP Michael R. Pyle sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $49.06, for a total value of $196,240.00. Following the completion of the transaction, the vice president now directly owns 54,343 shares in the company, valued at $2,666,067.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Efstathios A. Kouninis sold 728 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $49.73, for a total transaction of $36,203.44. Following the completion of the transaction, the chief accounting officer now owns 1,012 shares of the company’s stock, valued at $50,326.76. The disclosure for this sale can be found here. Insiders sold 14,304 shares of company stock valued at $770,683 over the last 90 days. 53.61% of the stock is owned by company insiders.

PEGA has been the subject of a number of research reports. Zacks Investment Research lowered shares of Pegasystems from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. TheStreet lowered shares of Pegasystems from a “b-” rating to a “c” rating in a research report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $63.00.

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Pegasystems 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.

Institutional Ownership by Quarter for Pegasystems (NASDAQ:PEGA)

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