Bares Capital’s Top 5 Stock Picks

4. Pegasystems Inc. (NASDAQ:PEGA)

Number of Hedge Fund Holders: 26
Bares Capital Management’s Equity Stake: $286.43 Million
2023 share price performance: 31%

Pegasystems Inc. (NASDAQ:PEGA) affirms Bares Capital Management’s investments in technology as it develops, markets, licenses, and supports enterprise software. Its software applications include a real-time AI-powered decision engine to enhance customer acquisition and experiences across paid media channels.

Amid the impressive run in the tech sector, Pegasystems Inc. (NASDAQ:PEGA) stock gained 31% in 2023, outperforming the overall market. The company is poised for another impressive 2024, going by the expected earnings of $2.75 a share against the $2.43 expected,

CEO Alan Trefler expressed enthusiasm for Pegasystems Inc. (NASDAQ:PEGA)’s trajectory, stating, “We delivered transformative innovation to change the way the world builds software while deepening and expanding our client relationships.”

Pegasystems Inc. (NASDAQ:PEGA) was seen in the portfolios of 26 hedge funds in the fourth quarter, with Bares Capital Management as the biggest holder, with stakes worth $286.43 million.

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