Pegasystems Inc. (NASDAQ:PEGA) CFO Sells $189,200.00 in Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $94.60, for a total transaction of $189,200.00. Following the completion of the transaction, the chief financial officer now owns 15,400 shares of the company’s stock, valued at $1,456,840. The trade was a 11.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Friday, October 25th, Kenneth Stillwell sold 5,792 shares of Pegasystems stock. The stock was sold at an average price of $79.15, for a total transaction of $458,436.80.
• On Tuesday, October 1st, Kenneth Stillwell sold 1,000 shares of Pegasystems stock. The shares were sold at an average price of $73.17, for a total transaction of $73,170.00.

Pegasystems Stock Performance

PEGA stock opened at $96.43 on Friday. The company has a market capitalization of $8.27 billion, a P/E ratio of 70.39 and a beta of 1.09. The company has a fifty day moving average price of $82.01 and a 200-day moving average price of $69.89. Pegasystems Inc. has a 52-week low of $44.07 and a 52-week high of $97.94.

Pegasystems (NASDAQ:PEGA) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. Pegasystems had a return on equity of 37.83% and a net margin of 8.29%. The business had revenue of $325.10 million during the quarter, compared to analyst estimates of $326.16 million. During the same period last year, the company earned $0.14 EPS. Pegasystems’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Pegasystems Inc. will post 1.61 earnings per share for the current fiscal year.

Pegasystems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Tuesday, October 1st. Pegasystems’s dividend payout ratio is currently 8.76%.

Analyst Ratings Changes

PEGA has been the topic of several recent analyst reports. StockNews.com upgraded Pegasystems from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. Rosenblatt Securities lifted their target price on Pegasystems from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Barclays increased their target price on shares of Pegasystems from $74.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Wedbush lifted their price target on shares of Pegasystems from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Citigroup increased their price objective on shares of Pegasystems from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.90.

Institutional Trading of Pegasystems

Institutional investors have recently added to or reduced their stakes in the stock. True Wealth Design LLC bought a new position in Pegasystems during the 3rd quarter worth approximately $27,000. Venturi Wealth Management LLC increased its position in shares of Pegasystems by 49.1% during the third quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company’s stock worth $48,000 after buying an additional 216 shares during the period. Financial Management Professionals Inc. bought a new position in Pegasystems during the third quarter worth $57,000. Capital Performance Advisors LLP bought a new position in Pegasystems during the third quarter worth $67,000. Finally, Headlands Technologies LLC lifted its holdings in Pegasystems by 29.9% in the second quarter. Headlands Technologies LLC now owns 1,129 shares of the technology company’s stock valued at $68,000 after buying an additional 260 shares during the period. 46.89% of the stock is currently owned by institutional investors.

About Pegasystems

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.