Lisanti Capital Growth LLC Acquires 24,960 Shares of Pegasystems Inc. $PEGA

Lisanti Capital Growth LLC increased its holdings in shares of Pegasystems Inc. (NASDAQ:PEGA) by 36.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,526 shares of the technology company’s stock after purchasing an additional 24,960 shares during the period. Pegasystems makes up 1.3% of Lisanti Capital Growth LLC’s portfolio, making the stock its 25th biggest position. Lisanti Capital Growth LLC owned approximately 0.06% of Pegasystems worth $5,585,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Jefferies Financial Group Inc. bought a new stake in Pegasystems in the 4th quarter valued at approximately $357,000. Legato Capital Management LLC lifted its stake in Pegasystems by 144.6% in the 4th quarter. Legato Capital Management LLC now owns 31,185 shares of the technology company’s stock valued at $1,862,000 after acquiring an additional 18,435 shares in the last quarter. Prescott Group Capital Management L.L.C. lifted its stake in Pegasystems by 38.6% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 72,071 shares of the technology company’s stock valued at $4,304,000 after acquiring an additional 20,071 shares in the last quarter. Leonteq Securities AG bought a new stake in Pegasystems in the 4th quarter valued at approximately $58,000. Finally, PNC Financial Services Group Inc. lifted its stake in Pegasystems by 3.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,378 shares of the technology company’s stock valued at $500,000 after acquiring an additional 272 shares in the last quarter. Institutional investors own 46.89% of the company’s stock.

Pegasystems Stock Up 0.3%

NASDAQ:PEGA opened at $34.35 on Friday. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 18.47 and a beta of 0.88. Pegasystems Inc. has a twelve month low of $32.00 and a twelve month high of $68.10. The stock’s 50 day moving average price is $39.25 and its two-hundred day moving average price is $48.04.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Tuesday, April 21st. The technology company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.22). The company had revenue of $429.97 million for the quarter, compared to analyst estimates of $473.24 million. Pegasystems had a return on equity of 30.05% and a net margin of 20.04%.The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period last year, the firm earned $0.76 EPS. As a group, analysts anticipate that Pegasystems Inc. will post 1.95 earnings per share for the current year.

Pegasystems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. Pegasystems’s payout ratio is 6.45%.

Wall Street Analyst Weigh In

PEGA has been the topic of several research reports. Weiss Ratings upgraded Pegasystems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Zacks Research cut Pegasystems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. KeyCorp set a $60.00 target price on Pegasystems in a research note on Thursday, February 5th. Citizens Jmp cut their target price on Pegasystems from $78.00 to $58.00 and set a “market outperform” rating on the stock in a research note on Thursday, February 12th. Finally, Wall Street Zen cut Pegasystems from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 14th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $63.70.

Insiders Place Their Bets

In other Pegasystems news, CAO Efstathios A. Kouninis sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $42.88, for a total transaction of $42,880.00. Following the transaction, the chief accounting officer owned 3,365 shares of the company’s stock, valued at $144,291.20. The trade was a 22.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kenneth Stillwell sold 44,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $44.81, for a total value of $1,971,640.00. Following the transaction, the chief financial officer directly owned 109,123 shares in the company, valued at $4,889,801.63. This trade represents a 28.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 57,139 shares of company stock valued at $2,495,599 in the last 90 days. 48.40% of the stock is currently owned by insiders.

About Pegasystems

Pegasystems Inc is a software company specializing in customer engagement and digital process automation solutions. Headquartered in Cambridge, Massachusetts, Pegasystems develops enterprise applications designed to help organizations streamline operations, manage customer interactions and automate complex workflows. Its platform supports a wide range of use cases, from sales and marketing optimization to case management and robotic process automation.

The core of Pegasystems’ offering is the Pega Platform, a low-code development environment that enables businesses to build and deploy applications with minimal hand-coding.