Leon Trefler Sells 752 Shares of Pegasystems Inc. (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) insider Leon Trefler sold 752 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $60.21, for a total transaction of $45,277.92. Following the completion of the transaction, the insider now owns 39,164 shares in the company, valued at $2,358,064.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Leon Trefler also recently made the following trade(s):

• On Tuesday, April 30th, Leon Trefler sold 752 shares of Pegasystems stock. The stock was sold at an average price of $60.34, for a total transaction of $45,375.68.

Pegasystems Stock Down 0.5 %

PEGA stock opened at $58.44 on Thursday. The stock has a market cap of $4.97 billion, a PE ratio of 71.27 and a beta of 1.08. The firm’s 50-day simple moving average is $59.62 and its 200 day simple moving average is $57.44. Pegasystems Inc. has a fifty-two week low of $37.66 and a fifty-two week high of $69.26.

Pegasystems (NASDAQ:PEGA) last released its earnings results on Wednesday, April 24th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $330.15 million for the quarter, compared to analyst estimates of $339.70 million. Pegasystems had a net margin of 5.32% and a return on equity of 45.00%. Equities analysts forecast that Pegasystems Inc. will post 1.5 EPS for the current fiscal year.

Pegasystems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be paid a dividend of $0.03 per share. The ex-dividend date is Monday, July 1st. This represents a $0.12 annualized dividend and a yield of 0.21%. Pegasystems’s payout ratio is 14.63%.

Wall Street Analyst Weigh In

PEGA has been the topic of a number of recent research reports. JMP Securities restated a “market perform” rating on shares of Pegasystems in a research report on Wednesday, June 12th. Royal Bank of Canada restated an “outperform” rating and issued a $77.00 price target on shares of Pegasystems in a research report on Tuesday, June 11th. Rosenblatt Securities restated a “buy” rating and issued a $75.00 price target on shares of Pegasystems in a research report on Tuesday, April 23rd. Wedbush reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of Pegasystems in a report on Wednesday, June 12th. Finally, Citigroup dropped their price objective on shares of Pegasystems from $87.00 to $82.00 and set a “buy” rating on the stock in a report on Wednesday, June 26th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.50.

Hedge Funds Weigh In On Pegasystems

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Pegasystems by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,004,116 shares of the technology company’s stock valued at $217,229,000 after buying an additional 310,242 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Pegasystems by 3.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 946,109 shares of the technology company’s stock worth $46,227,000 after purchasing an additional 31,925 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its stake in shares of Pegasystems by 272.4% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 19,178 shares of the technology company’s stock worth $937,000 after purchasing an additional 14,028 shares during the last quarter. Bares Capital Management Inc. grew its stake in shares of Pegasystems by 1.6% in the 4th quarter. Bares Capital Management Inc. now owns 5,862,346 shares of the technology company’s stock worth $286,434,000 after purchasing an additional 90,993 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Pegasystems in the 4th quarter worth approximately $22,784,000. 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.