Pegasystems Inc. (NASDAQ:PEGA) CFO Sells $655,902.24 in Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 7,742 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $84.72, for a total transaction of $655,902.24. Following the sale, the chief financial officer now owns 14,466 shares of the company’s stock, valued at approximately $1,225,559.52. This represents a 34.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, February 3rd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The stock was sold at an average price of $105.63, for a total transaction of $211,260.00.
• On Thursday, January 2nd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were sold at an average price of $94.00, for a total transaction of $188,000.00.
• On Tuesday, December 10th, Kenneth Stillwell sold 6,200 shares of Pegasystems stock. The stock was sold at an average price of $94.67, for a total value of $586,954.00.
• On Monday, December 2nd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were sold at an average price of $94.60, for a total value of $189,200.00.

Pegasystems Price Performance

PEGA stock traded down $1.89 on Wednesday, reaching $84.17. 1,002,315 shares of the company were exchanged, compared to its average volume of 1,016,697. The firm has a market capitalization of $7.23 billion, a PE ratio of 83.34 and a beta of 1.11. Pegasystems Inc. has a 12 month low of $54.55 and a 12 month high of $113.67. The stock’s fifty day moving average price is $98.69 and its 200 day moving average price is $84.32.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.20). Pegasystems had a net margin of 6.63% and a return on equity of 32.09%. As a group, research analysts expect that Pegasystems Inc. will post 1.87 EPS for the current fiscal year.

Pegasystems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a $0.03 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.14%. Pegasystems’s payout ratio is presently 11.88%.

Analyst Upgrades and Downgrades

PEGA has been the subject of several research reports. Rosenblatt Securities lifted their price target on Pegasystems from $95.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. StockNews.com raised shares of Pegasystems from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st. Royal Bank of Canada increased their price target on shares of Pegasystems from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. KeyCorp reaffirmed an “overweight” rating and issued a $118.00 price objective on shares of Pegasystems in a research note on Tuesday, January 14th. Finally, Wedbush raised their target price on Pegasystems from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $99.36.

Institutional Trading of Pegasystems

Several institutional investors have recently bought and sold shares of PEGA. Principal Securities Inc. boosted its stake in shares of Pegasystems by 150.5% in the 4th quarter. Principal Securities Inc. now owns 278 shares of the technology company’s stock valued at $26,000 after purchasing an additional 167 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Pegasystems by 85.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company’s stock valued at $30,000 after acquiring an additional 149 shares during the last quarter. True Wealth Design LLC acquired a new stake in Pegasystems during the 3rd quarter valued at $27,000. Venturi Wealth Management LLC raised its position in Pegasystems by 49.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company’s stock valued at $48,000 after purchasing an additional 216 shares during the last quarter. Finally, Financial Management Professionals Inc. acquired a new position in Pegasystems in the third quarter worth $57,000. Institutional investors and hedge funds 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.