Pegasystems Inc (NASDAQ:PEGA): Stock Institutional Investors Feel Good About

May 19, 2018 - By Michael Collier

Pegasystems Inc. (NASDAQ:PEGA) Logo

Sentiment for Pegasystems Inc (NASDAQ:PEGA)

Pegasystems Inc (NASDAQ:PEGA) institutional sentiment increased to 1.37 in Q4 2017. Its up 0.30, from 1.07 in 2017Q3. The ratio is positive, as 86 active investment managers increased and started new holdings, while 63 reduced and sold their holdings in Pegasystems Inc. The active investment managers in our partner’s database now hold: 32.76 million shares, down from 33.44 million shares in 2017Q3. Also, the number of active investment managers holding Pegasystems Inc in their top 10 holdings decreased from 4 to 3 for a decrease of 1. Sold All: 19 Reduced: 44 Increased: 49 New Position: 37.

Pegasystems, Inc. develops, markets, licenses, and software applications for marketing, sales, service, and activities in the United States and internationally. The company has market cap of $4.84 billion. It provides Pega Platform, a platform that enables clients to build enterprise applications. It has a 153.88 P/E ratio. The firm also offers customer relationship management applications, including Pega Marketing that enable enterprises to enhance customer experiences across inbound and outbound channels; Pega sales automation applications to automate and manage the sales process from prospecting to product fulfillment; Pega customer service applications to contact center desktop, case management for customer service, mobile field service, digital, self-service, and industry specific processes and data models; and activities applications to support exceptions and investigations, order fulfillment, claims processing, insurance underwriting, and product development, as well as risk, fraud, and compliance management.

The stock increased 0.49% or $0.3 during the last trading session, reaching $61.55. About 269,561 shares traded. Pegasystems Inc. (NASDAQ:PEGA) has risen 44.15% since May 19, 2017 and is uptrending. It has outperformed by 32.60% the S&P500.

Analysts await Pegasystems Inc. (NASDAQ:PEGA) to report earnings on August, 8. They expect $0.12 EPS, up 200.00 % or $0.08 from last year’s $0.04 per share. PEGA’s profit will be $9.43 million for 128.23 P/E if the $0.12 EPS becomes a reality. After $0.10 actual EPS reported by Pegasystems Inc. for the previous quarter, Wall Street now forecasts 20.00 % EPS growth.

Herald Investment Management Ltd holds 4.86% of its portfolio in Pegasystems Inc. for 328,500 shares. Ranger Investment Management L.P. owns 965,692 shares or 3.35% of their US portfolio. Moreover, Contour Asset Management Llc has 2.69% invested in the company for 1.03 million shares. The Massachusetts-based Ironwood Investment Management Llc has invested 2.04% in the stock. Tpg Group Holdings (Sbs) Advisors Inc., a Texas-based fund reported 1.73 million shares.

Since January 1, 0001, it had 0 buys, and 15 selling transactions for $4.10 million activity.

Pegasystems Inc. (NASDAQ:PEGA) Ratings Coverage

Ratings analysis reveals 100% of Pegasystems Inc’s analysts are positive. Out of 3 Wall Street analysts rating Pegasystems Inc, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $60.0 while the high is $73.0. The stock’s average target of $70 is 13.73% above today’s ($61.55) share price. PEGA was included in 4 notes of analysts from December 4, 2017. The firm has “Buy” rating given on Thursday, April 26 by DA Davidson. MUFG Securities Americas Inc maintained Pegasystems Inc. (NASDAQ:PEGA) on Tuesday, February 27 with “Buy” rating. As per Thursday, March 1, the company rating was maintained by Wedbush.

More notable recent Pegasystems Inc. (NASDAQ:PEGA) news were published by: which released: “Pegasystems: Cloud Transition Road Bumps” on May 13, 2018, also with their article: “Organizations that Fail to Adopt Agile Business Strategies Report 25 Percent Lower Satisfaction with Performance …” published on May 16, 2018, published: “Aflac, Commonwealth Bank of Australia, Google, and Liberty Global Join PegaWorld 2018 Keynote Lineup” on May 17, 2018. More interesting news about Pegasystems Inc. (NASDAQ:PEGA) were released by: and their article: “Pegasystems Named a Leader in Gartner’s Magic Quadrant for CRM Customer Engagement Center” published on May 18, 2018 as well as‘s news article titled: “Pegasystems’ (PEGA) CEO Alan Trefler on Q1 2018 Results – Earnings Call Transcript” with publication date: May 11, 2018.

Pegasystems Inc. (NASDAQ:PEGA) Institutional Positions Chart

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