OxFORD Asset Management LLP Invests $1.17 Million in Pegasystems Inc. (PEGA) Stock

OxFORD Asset Management LLP acquired a new position in shares of Pegasystems Inc. (NASDAQ:PEGA) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 20,008 shares of the technology company’s stock, valued at approximately $1,167,000.

A number of other institutional investors have also recently made changes to their positions in PEGA. BlackRock Inc. grew its stake in Pegasystems by 68,220.8% during the first quarter. BlackRock Inc. now owns 2,292,845 shares of the technology company’s stock worth $100,541,000 after buying an additional 2,289,489 shares in the last quarter. Eagle Asset Management Inc. grew its stake 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 buying an additional 683,797 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD acquired a new stake in Pegasystems during the second quarter worth about $33,130,000. TPG Group Holdings SBS Advisors Inc. grew its stake in Pegasystems by 15.3% during the first quarter. TPG Group Holdings SBS Advisors Inc. now owns 1,781,723 shares of the technology company’s stock worth $78,129,000 after buying an additional 237,092 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake 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 buying an additional 225,809 shares in the last quarter. Hedge funds and other institutional investors own 44.47% of the company’s stock.

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Shares of Pegasystems Inc. (NASDAQ PEGA) opened at 60.30 on Friday. Pegasystems Inc. has a 1-year low of $28.80 and a 1-year high of $64.85. The firm has a market capitalization of $4.68 billion, a P/E ratio of 96.48 and a beta of 1.48. The stock has a 50 day moving average of $57.47 and a 200-day moving average of $55.14.

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

The business also recently disclosed a dividend, which was paid on Friday, October 6th. Investors of record on Monday, October 2nd were given a $0.03 dividend. The ex-dividend date of this dividend was Friday, September 29th. Pegasystems’s dividend payout ratio (DPR) is 19.67%.

In related news, VP Efstathios A. Kouninis sold 448 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $56.51, for a total value of $25,316.48. Following the transaction, the vice president now directly owns 585 shares in the company, valued at $33,058.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Michael R. Pyle sold 1,527 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $60.11, for a total transaction of $91,787.97. Following the completion of the transaction, the vice president now owns 30,974 shares in the company, valued at $1,861,847.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,432 shares of company stock worth $1,834,674. 53.61% of the stock is owned by company insiders.

A number of research firms have recently weighed in on PEGA. Zacks Investment Research downgraded shares of Pegasystems from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. BidaskClub downgraded shares of Pegasystems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Mitsubishi UFJ Financial Group set a $57.00 price target on shares of Pegasystems and gave the company a “buy” rating in a research note on Thursday, August 10th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Pegasystems presently has an average rating of “Buy” and an average price target of $63.00.

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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