Insider Selling: Pegasystems Inc. (NASDAQ:PEGA) CFO Sells 1,000 Shares of Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 1,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $73.17, for a total transaction of $73,170.00. Following the completion of the transaction, the chief financial officer now owns 17,262 shares of the company’s stock, valued at approximately $1,263,060.54. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Kenneth Stillwell also recently made the following trade(s):

• On Tuesday, September 3rd, Kenneth Stillwell sold 3,000 shares of Pegasystems stock. The shares were sold at an average price of $70.41, for a total value of $211,230.00.
• On Wednesday, August 21st, Kenneth Stillwell sold 3,019 shares of Pegasystems stock. The stock was sold at an average price of $67.55, for a total value of $203,933.45.
• On Thursday, August 1st, Kenneth Stillwell sold 3,000 shares of Pegasystems stock. The shares were sold at an average price of $69.39, for a total value of $208,170.00.

Pegasystems Price Performance

PEGA opened at $72.08 on Friday. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 87.90 and a beta of 1.07. The company’s 50 day simple moving average is $68.47 and its two-hundred day simple moving average is $63.24. Pegasystems Inc. has a 1-year low of $37.66 and a 1-year high of $74.40.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.22 by $0.30. The firm had revenue of $351.20 million during the quarter, compared to analysts’ expectations of $323.55 million. Pegasystems had a return on equity of 49.62% and a net margin of 8.72%. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.41) earnings per share. On average, equities analysts anticipate that Pegasystems Inc. will post 1.54 earnings per share for the current fiscal year.

Pegasystems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.12 annualized dividend and a dividend yield of 0.17%. Pegasystems’s payout ratio is 14.63%.

Analyst Ratings Changes

A number of research firms recently issued reports on PEGA. StockNews.com cut shares of Pegasystems from a “strong-buy” rating to a “buy” rating in a research note on Friday. The Goldman Sachs Group lifted their target price on shares of Pegasystems from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. William Blair upgraded shares of Pegasystems from a “market perform” rating to an “outperform” rating in a research report on Tuesday, July 30th. JMP Securities raised shares of Pegasystems from a “market perform” rating to an “outperform” rating and set a $85.00 price target on the stock in a research note on Wednesday, July 31st. Finally, Wedbush reiterated an “outperform” rating and set a $90.00 price objective on shares of Pegasystems in a research note on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Pegasystems has an average rating of “Moderate Buy” and a consensus target price of $83.60.

Institutional Investors Weigh In On Pegasystems

A number of hedge funds have recently modified their holdings of the company. Versant Capital Management Inc boosted its holdings in Pegasystems by 15,120.0% in the 2nd quarter. Versant Capital Management Inc now owns 761 shares of the technology company’s stock valued at $46,000 after purchasing an additional 756 shares during the last quarter. Headlands Technologies LLC increased its holdings in shares of Pegasystems by 64.0% during the 1st quarter. Headlands Technologies LLC now owns 869 shares of the technology company’s stock worth $56,000 after buying an additional 339 shares during the last quarter. Covestor Ltd raised its position in shares of Pegasystems by 633.9% during the 1st quarter. Covestor Ltd now owns 1,233 shares of the technology company’s stock valued at $80,000 after buying an additional 1,065 shares during the period. Point72 Hong Kong Ltd acquired a new position in Pegasystems in the second quarter valued at approximately $104,000. Finally, Picton Mahoney Asset Management purchased a new position in Pegasystems in the second quarter worth approximately $124,000. Hedge funds and other institutional investors own 46.89% of the company’s stock.

Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients' processes and workflows.