Pegasystems Inc. (PEGA) Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. increased its stake in shares of Pegasystems Inc. (NASDAQ:PEGA) by 176.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 159,331 shares of the technology company’s stock after acquiring an additional 101,735 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.21% of Pegasystems worth $9,297,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of Montreal Can boosted its stake in Pegasystems by 1.3% during the second quarter. Bank of Montreal Can now owns 4,785 shares of the technology company’s stock worth $280,000 after acquiring an additional 62 shares in the last quarter. Legal & General Group Plc boosted its stake in Pegasystems by 1.1% during the second quarter. Legal & General Group Plc now owns 14,206 shares of the technology company’s stock worth $830,000 after acquiring an additional 155 shares in the last quarter. ING Groep NV boosted its stake in Pegasystems by 3.3% during the second quarter. ING Groep NV now owns 25,914 shares of the technology company’s stock worth $1,512,000 after acquiring an additional 839 shares in the last quarter. Voya Investment Management LLC boosted its stake in Pegasystems by 6.2% during the second quarter. Voya Investment Management LLC now owns 17,380 shares of the technology company’s stock worth $1,014,000 after acquiring an additional 1,010 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Pegasystems by 2.2% during the second quarter. Swiss National Bank now owns 64,300 shares of the technology company’s stock worth $3,752,000 after acquiring an additional 1,400 shares in the last quarter. 44.47% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently issued reports on the stock. Mitsubishi UFJ Financial Group set a $57.00 target price on shares of Pegasystems and gave the stock a “buy” rating in a research note on Thursday, August 10th. BidaskClub lowered shares of Pegasystems from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research lowered shares of Pegasystems from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $63.00.

ILLEGAL ACTIVITY WARNING: “Pegasystems Inc. (PEGA) Shares Bought by Goldman Sachs Group Inc.” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/20/pegasystems-inc-pega-shares-bought-by-goldman-sachs-group-inc.html.

In other news, Director Richard H. Jones sold 11,200 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $59.97, for a total transaction of $671,664.00. Following the sale, the director now owns 529,292 shares in the company, valued at approximately $31,741,641.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Kenneth Stillwell sold 1,228 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $57.97, for a total transaction of $71,187.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,432 shares of company stock worth $1,834,674. Company insiders own 53.61% of the company’s stock.

Pegasystems Inc. (PEGA) opened at 59.30 on Friday. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 94.88 and a beta of 1.48. Pegasystems Inc. has a 1-year low of $29.10 and a 1-year high of $64.85. The firm has a 50 day moving average of $58.05 and a 200-day moving average of $55.73.

Pegasystems (NASDAQ:PEGA) last announced its earnings results on Wednesday, August 9th. The technology company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.04). Pegasystems had a net margin of 6.17% and a return on equity of 13.06%. The business had revenue of $197.98 million for the quarter, compared to the consensus estimate of $205.06 million. During the same quarter last year, the firm posted $0.19 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities research analysts anticipate that Pegasystems Inc. will post $0.97 earnings per share for the

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of Montreal Can boosted its stake in Pegasystems by 1.3% during the second quarter. Bank of Montreal Can now owns 4,785 shares of the technology company’s stock worth $280,000 after acquiring an additional 62 shares in the last quarter. Legal & General Group Plc boosted its stake in Pegasystems by 1.1% during the second quarter. Legal & General Group Plc now owns 14,206 shares of the technology company’s stock worth $830,000 after acquiring an additional 155 shares in the last quarter. ING Groep NV boosted its stake in Pegasystems by 3.3% during the second quarter. ING Groep NV now owns 25,914 shares of the technology company’s stock worth $1,512,000 after acquiring an additional 839 shares in the last quarter. Voya Investment Management LLC boosted its stake in Pegasystems by 6.2% during the second quarter. Voya Investment Management LLC now owns 17,380 shares of the technology company’s stock worth $1,014,000 after acquiring an additional 1,010 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Pegasystems by 2.2% during the second quarter. Swiss National Bank now owns 64,300 shares of the technology company’s stock worth $3,752,000 after acquiring an additional 1,400 shares in the last quarter. 44.47% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently issued reports on the stock. Mitsubishi UFJ Financial Group set a $57.00 target price on shares of Pegasystems and gave the stock a “buy” rating in a research note on Thursday, August 10th. BidaskClub lowered shares of Pegasystems from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research lowered shares of Pegasystems from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $63.00.

ILLEGAL ACTIVITY WARNING: “Pegasystems Inc. (PEGA) Shares Bought by Goldman Sachs Group Inc.” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/20/pegasystems-inc-pega-shares-bought-by-goldman-sachs-group-inc.html.

In other news, Director Richard H. Jones sold 11,200 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $59.97, for a total transaction of $671,664.00. Following the sale, the director now owns 529,292 shares in the company, valued at approximately $31,741,641.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Kenneth Stillwell sold 1,228 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $57.97, for a total transaction of $71,187.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,432 shares of company stock worth $1,834,674. Company insiders own 53.61% of the company’s stock.

Pegasystems Inc. (PEGA) opened at 59.30 on Friday. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 94.88 and a beta of 1.48. Pegasystems Inc. has a 1-year low of $29.10 and a 1-year high of $64.85. The firm has a 50 day moving average of $58.05 and a 200-day moving average of $55.73.

Pegasystems (NASDAQ:PEGA) last announced its earnings results on Wednesday, August 9th. The technology company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.04). Pegasystems had a net margin of 6.17% and a return on equity of 13.06%. The business had revenue of $197.98 million for the quarter, compared to the consensus estimate of $205.06 million. During the same quarter last year, the firm posted $0.19 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities research analysts anticipate that Pegasystems Inc. will post $0.97 earnings per share for the current fiscal year.

The firm also recently announced a dividend, which was paid on Friday, October 6th. Stockholders of record on Monday, October 2nd were issued a dividend of $0.03 per share. The ex-dividend date was Friday, September 29th. Pegasystems’s dividend payout ratio (DPR) is presently 19.67%.

About Pegasystems

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.

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Institutional Ownership by Quarter for Pegasystems (NASDAQ:PEGA)

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