Insider Selling: Pegasystems Inc. (NASDAQ:PEGA) Insider Sells $54,144.00 in Stock

Pegasystems Inc. (NASDAQ:PEGA) insider Leon Trefler sold 752 shares of Pegasystems stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $72.00, for a total value of $54,144.00. Following the completion of the sale, the insider now directly owns 38,388 shares in the company, valued at approximately $2,763,936. The sale 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 Wednesday, July 31st, Leon Trefler sold 752 shares of Pegasystems stock. The shares were sold at an average price of $72.09, for a total transaction of $54,211.68.

Pegasystems Price Performance

PEGA opened at $70.62 on Friday. The firm’s fifty day moving average price is $68.37 and its two-hundred day moving average price is $63.18. The company has a market capitalization of $6.00 billion, a price-to-earnings ratio of 86.12 and a beta of 1.07. Pegasystems Inc. has a 1 year low of $37.66 and a 1 year high of $74.40.

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

Pegasystems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be issued a dividend of $0.03 per share. The ex-dividend date is Tuesday, October 1st. This represents a $0.12 dividend on an annualized basis and a yield of 0.17%. Pegasystems’s payout ratio is 14.63%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PEGA shares. Barclays increased their price target on shares of Pegasystems from $69.00 to $74.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. DA Davidson boosted their price target on Pegasystems from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. JMP Securities raised shares of Pegasystems from a “market perform” rating to an “outperform” rating and set a $85.00 price objective on the stock in a research report on Wednesday, July 31st. The Goldman Sachs Group raised their target price on shares of Pegasystems from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Finally, Rosenblatt Securities increased their price target on shares of Pegasystems from $75.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.60.

Hedge Funds Weigh In On Pegasystems

Several hedge funds have recently made changes to their positions in PEGA. Versant Capital Management Inc lifted its holdings in shares of Pegasystems by 15,120.0% in the second quarter. Versant Capital Management Inc now owns 761 shares of the technology company’s stock worth $46,000 after buying an additional 756 shares in the last quarter. Headlands Technologies LLC lifted its stake in Pegasystems by 64.0% in the 1st quarter. Headlands Technologies LLC now owns 869 shares of the technology company’s stock worth $56,000 after purchasing an additional 339 shares in the last quarter. Covestor Ltd boosted its holdings in Pegasystems by 633.9% in the 1st quarter. Covestor Ltd now owns 1,233 shares of the technology company’s stock valued at $80,000 after purchasing an additional 1,065 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Pegasystems during the 2nd quarter valued at $104,000. Finally, Picton Mahoney Asset Management bought a new position in shares of Pegasystems in the second quarter worth $124,000. 46.89% of the stock is currently owned by hedge funds and other 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.