As United Parcel Service (UPS) Stock Price Rose, Holder Atlanta Capital Group Lowered by $4.43 Million Its Stake; Sumitomo Mitsui Asset Management Company LTD Trimmed Its Position in Pegasystems (PEGA) by $2.87 Million as Stock Value Rose

June 23, 2018 - By reb123z

Pegasystems Inc. (NASDAQ:PEGA) Logo

Atlanta Capital Group decreased its stake in United Parcel Service Inc (UPS) by 86.94% based on its latest 2018Q1 regulatory filing with the SEC. Atlanta Capital Group sold 42,553 shares as the company’s stock rose 6.87% while stock markets declined. The institutional investor held 6,393 shares of the transportation company at the end of 2018Q1, valued at $669,000, down from 48,946 at the end of the previous reported quarter. Atlanta Capital Group who had been investing in United Parcel Service Inc for a number of months, seems to be less bullish one the $97.97B market cap company. The stock increased 0.25% or $0.28 during the last trading session, reaching $113.7. About 3.66M shares traded or 12.09% up from the average. United Parcel Service, Inc. (NYSE:UPS) has risen 9.01% since June 23, 2017 and is uptrending. It has underperformed by 3.56% the S&P500. Some Historical UPS News: 18/05/2018 – Flywire Partners with Higher Education Institution SP Jain for the First-Ever Competition Aimed at Student-Led Singapore-Based Start-Ups; 18/05/2018 – S&PGR Ups Spain’s Balearic Islands To ‘BBB+’; Outlook Positive; 10/05/2018 – UPS Board Announces Quarterly Dividend; 11/04/2018 – UPS Caught Flat-footed By E-Commerce; Pilots To Survey Shippers To Determine Impact; 02/05/2018 – CNBC Wires: EXCLUSIVE-UPS IN TALKS WITH TRUCKING COMPANY WERNER TO PARTNER ON NEW SERVICE; 29/05/2018 – Zcube Launches the Third Edition of Open Accelerator for Start-Ups in the Central Nervous System and Respiratory Areas; 16/04/2018 – UPS Closes Above 50-Day Moving Average: Technicals; 26/04/2018 – UPS sales top estimates but higher costs crimp margins; 16/03/2018 – DHL said it was launching a delivery service for online retailers in eight U.S. cities, as the logistics company takes a swipe at dominant players UPS and FedEx; 04/05/2018 – Mackenzie Ivy Global Balanced Cuts UPS, Buys More Oracle

Sumitomo Mitsui Asset Management Company Ltd decreased its stake in Pegasystems Inc (PEGA) by 7.06% based on its latest 2018Q1 regulatory filing with the SEC. Sumitomo Mitsui Asset Management Company Ltd sold 47,800 shares as the company’s stock rose 8.46% while stock markets declined. The institutional investor held 628,790 shares of the edp services company at the end of 2018Q1, valued at $38.14M, down from 676,590 at the end of the previous reported quarter. Sumitomo Mitsui Asset Management Company Ltd who had been investing in Pegasystems Inc for a number of months, seems to be less bullish one the $4.44 billion market cap company. The stock decreased 2.84% or $1.65 during the last trading session, reaching $56.45. About 909,624 shares traded or 98.09% up from the average. Pegasystems Inc. (NASDAQ:PEGA) has risen 8.75% since June 23, 2017 and is uptrending. It has underperformed by 3.82% the S&P500. Some Historical PEGA News: 23/05/2018 – Pega Client Excellence Awards Recognize Organizations and Individuals Revolutionizing Customer Engagement through Digital Trans; 19/03/2018 – ANALYSIS-Privacy issues emerge as major business risk for Facebook; 23/05/2018 – Pega Client Excellence Awards Recognize Organizations and Individuals Revolutionizing Customer Engagement through Digital Transformation; 28/05/2018 – Pegasystems Tour Scheduled By Wedbush for Jun. 4; 14/05/2018 – Pegasystems Non-Deal Roadshow Scheduled By Wedbush for May. 21; 02/05/2018 – Pegasystems Introduces First AI Capabilities Unified in Client Lifecycle Management; 16/05/2018 – Organizations that Fail to Adopt Agile Business Strategies Report 25 Percent Lower Satisfaction with Performance Across Key Bus; 10/05/2018 – PEGASYSTEMS INC – QTRLY NON-GAAP EARNINGS PER SHARE $0.24; 29/05/2018 – Virtusa Launches Innovation Lab for Pegasystems Solutions; 25/05/2018 – Zensar Partners With Pegasystems to Deliver Digital Transformation Solutions

Atlanta Capital Group, which manages about $1.02 billion and $660.32 million US Long portfolio, upped its stake in Microsoft Corp (NASDAQ:MSFT) by 19,568 shares to 173,991 shares, valued at $15.88 million in 2018Q1, according to the filing. It also increased its holding in Vaneck Vectors Etf Tr by 18,076 shares in the quarter, for a total of 208,941 shares, and has risen its stake in Janus Detroit Str Tr.

Since February 26, 2018, it had 0 insider purchases, and 2 selling transactions for $650,730 activity. Brothers Norman M. Jr sold 1,500 shares worth $170,130.

More notable recent United Parcel Service, Inc. (NYSE:UPS) news were published by: Seekingalpha.com which released: “UPS – A Stock For Your Watchlist” on June 11, 2018, also Seekingalpha.com with their article: “Buy United Parcel Service” published on June 11, 2018, Investorplace.com published: “The 5 Best Dividend Stocks for Income” on June 22, 2018. More interesting news about United Parcel Service, Inc. (NYSE:UPS) were released by: Seekingalpha.com and their article: “UPS expands CNG program” published on June 19, 2018 as well as Globenewswire.com‘s news article titled: “UPS And International Brotherhood Of Teamsters Reach Handshake Agreement For New National Master Agreement” with publication date: June 22, 2018.

Investors sentiment decreased to 1.12 in Q1 2018. Its down 0.11, from 1.23 in 2017Q4. It fall, as 81 investors sold UPS shares while 390 reduced holdings. 111 funds opened positions while 418 raised stakes. 446.74 million shares or 0.46% less from 448.80 million shares in 2017Q4 were reported. San Francisco Sentry Invest Group (Ca) stated it has 4,442 shares. First Corp In holds 0.45% of its portfolio in United Parcel Service, Inc. (NYSE:UPS) for 5,995 shares. Tower Research Ltd Liability Com (Trc) stated it has 0.05% in United Parcel Service, Inc. (NYSE:UPS). Halsey Associate Ct holds 104,845 shares. Wellington Shields Capital Llc invested in 0.08% or 4,962 shares. Bank Of New York Mellon owns 6.47M shares. Great West Life Assurance Company Can holds 0.17% or 657,975 shares. Nomura Asset Mgmt Commerce Limited has 202,927 shares for 0.23% of their portfolio. Wms Ptnrs Ltd Liability Corporation invested 2.23% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). Weatherly Asset Management Ltd Partnership owns 0.1% invested in United Parcel Service, Inc. (NYSE:UPS) for 4,000 shares. Richard C Young And Ltd holds 2.23% of its portfolio in United Parcel Service, Inc. (NYSE:UPS) for 107,023 shares. Levin Strategies Lp stated it has 3,400 shares. Shelton Cap Management holds 0.14% of its portfolio in United Parcel Service, Inc. (NYSE:UPS) for 19,740 shares. Bnp Paribas Arbitrage holds 201,518 shares. Jnba Fincl has invested 0.13% of its portfolio in United Parcel Service, Inc. (NYSE:UPS).

Analysts await United Parcel Service, Inc. (NYSE:UPS) to report earnings on July, 26. They expect $1.91 earnings per share, up 20.89% or $0.33 from last year’s $1.58 per share. UPS’s profit will be $1.65B for 14.88 P/E if the $1.91 EPS becomes a reality. After $1.55 actual earnings per share reported by United Parcel Service, Inc. for the previous quarter, Wall Street now forecasts 23.23% EPS growth.

Among 24 analysts covering United Parcel Service (NYSE:UPS), 12 have Buy rating, 1 Sell and 11 Hold. Therefore 50% are positive. United Parcel Service had 75 analyst reports since July 29, 2015 according to SRatingsIntel. Stifel Nicolaus maintained United Parcel Service, Inc. (NYSE:UPS) rating on Thursday, July 27. Stifel Nicolaus has “Hold” rating and $10300 target. The rating was maintained by Stifel Nicolaus on Thursday, February 1 with “Hold”. The firm has “Buy” rating given on Wednesday, March 7 by Loop Capital. The firm has “Hold” rating given on Thursday, October 5 by Robert W. Baird. On Thursday, February 1 the stock rating was maintained by BMO Capital Markets with “Hold”. The rating was reinitiated by Morgan Stanley with “Underweight” on Tuesday, February 23. The stock of United Parcel Service, Inc. (NYSE:UPS) earned “Hold” rating by Susquehanna on Wednesday, January 17. As per Tuesday, August 2, the company rating was maintained by Argus Research. On Wednesday, February 8 the stock rating was upgraded by Aegis Capital to “Buy”. The stock has “Hold” rating by Zacks on Tuesday, August 25.

Among 7 analysts covering Pegasystems (NASDAQ:PEGA), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Pegasystems had 20 analyst reports since September 11, 2015 according to SRatingsIntel. Wedbush maintained Pegasystems Inc. (NASDAQ:PEGA) rating on Tuesday, October 24. Wedbush has “Buy” rating and $66.0 target. The firm has “Outperform” rating given on Friday, February 24 by Wedbush. The rating was maintained by Benchmark on Friday, February 26 with “Hold”. Wedbush maintained Pegasystems Inc. (NASDAQ:PEGA) rating on Wednesday, December 21. Wedbush has “Outperform” rating and $40 target. The firm has “Buy” rating given on Tuesday, March 7 by Benchmark. Wedbush maintained the shares of PEGA in report on Tuesday, June 6 with “Buy” rating. Wedbush maintained the shares of PEGA in report on Thursday, November 9 with “Buy” rating. As per Thursday, August 10, the company rating was maintained by Mitsubishi UFJ. Wedbush maintained Pegasystems Inc. (NASDAQ:PEGA) rating on Thursday, March 1. Wedbush has “Buy” rating and $73.0 target. Wedbush maintained it with “Outperform” rating and $42 target in Thursday, January 26 report.

Sumitomo Mitsui Asset Management Company Ltd, which manages about $6.76B US Long portfolio, upped its stake in M & T Bk Corp (NYSE:MTB) by 12,198 shares to 56,937 shares, valued at $10.50M in 2018Q1, according to the filing. It also increased its holding in Lam Research Corp (NASDAQ:LRCX) by 325,967 shares in the quarter, for a total of 499,699 shares, and has risen its stake in Vanguard Whitehall Fds Inc (VWOB).

More recent Pegasystems Inc. (NASDAQ:PEGA) news were published by: Prnewswire.com which released: “Pegasystems Extends Cloud Choice with Google Cloud Partnership” on June 01, 2018. Also Nasdaq.com published the news titled: “Market Trends Toward New Normal in AZZ, Vishay Precision Group, Benchmark Electronics, Pegasystems, Syntel, and …” on June 20, 2018. Prnewswire.com‘s news article titled: “Pegasystems Launches Pega Community to Empower Anyone to Create Better Software” with publication date: June 05, 2018 was also an interesting one.

Analysts await Pegasystems Inc. (NASDAQ:PEGA) to report earnings on August, 8. They expect $0.08 earnings per share, up 100.00% or $0.04 from last year’s $0.04 per share. PEGA’s profit will be $6.29M for 176.41 P/E if the $0.08 EPS becomes a reality. After $0.10 actual earnings per share reported by Pegasystems Inc. for the previous quarter, Wall Street now forecasts -20.00% negative EPS growth.

Since January 2, 2018, it had 0 insider buys, and 24 insider sales for $6.17 million activity. Shares for $122,800 were sold by JONES RICHARD H on Tuesday, May 29. The insider KRA DOUGLAS I sold $914,527. The insider KOUNINIS EFSTATHIOS A sold $54,149. 10,000 shares valued at $651,600 were sold by KAPLAN STEVEN F on Wednesday, June 6. 10,000 shares valued at $594,993 were sold by PYLE MICHAEL R on Monday, March 5. WEBER LARRY also sold $46,613 worth of Pegasystems Inc. (NASDAQ:PEGA) on Monday, June 11.

United Parcel Service, Inc. (NYSE:UPS) Institutional Positions Chart

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