Insider Selling: Pegasystems Inc. (NASDAQ:PEGA) Insider Sells 752 Shares of Stock

Pegasystems Inc. (NASDAQ:PEGA) insider Leon Trefler sold 752 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $94.60, for a total transaction of $71,139.20. Following the completion of the sale, the insider now owns 36,884 shares of the company’s stock, valued at approximately $3,489,226.40. The trade was a 2.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, November 1st, Leon Trefler sold 8,288 shares of Pegasystems stock. The stock was sold at an average price of $81.23, for a total transaction of $673,234.24.
• On Monday, September 30th, Leon Trefler sold 752 shares of Pegasystems stock. The shares were sold at an average price of $72.00, for a total transaction of $54,144.00.

Pegasystems Stock Performance

NASDAQ:PEGA opened at $97.13 on Thursday. The firm’s 50-day moving average is $81.54 and its 200-day moving average is $69.71. Pegasystems Inc. has a 52-week low of $44.07 and a 52-week high of $97.86. The company has a market cap of $8.33 billion, a price-to-earnings ratio of 70.90 and a beta of 1.09.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data 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 net margin of 8.29% and a return on equity of 37.83%. The company had revenue of $325.10 million for the quarter, compared to the consensus estimate of $326.16 million. During the same quarter in the previous year, the firm posted $0.14 EPS. The business’s revenue was down 2.8% compared to the same quarter last year. Equities analysts predict that Pegasystems Inc. will post 1.61 EPS for the current year.

Pegasystems Announces Dividend

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

Wall Street Analyst Weigh In

PEGA has been the subject of several analyst reports. Citigroup lifted 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. Wedbush lifted their price objective on shares of Pegasystems from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Barclays lifted their price objective on shares of Pegasystems from $74.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Rosenblatt Securities lifted their price objective on shares of Pegasystems from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, StockNews.com raised shares of Pegasystems from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. True Wealth Design LLC bought a new stake in Pegasystems in the third quarter valued at about $27,000. Venturi Wealth Management LLC increased its stake in Pegasystems by 49.1% in the third quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company’s stock valued at $48,000 after acquiring an additional 216 shares during the period. Financial Management Professionals Inc. bought a new stake in Pegasystems in the third quarter valued at about $57,000. Capital Performance Advisors LLP bought a new stake in Pegasystems in the third quarter valued at about $67,000. Finally, Headlands Technologies LLC increased its stake 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 acquiring an additional 260 shares during the period. Institutional investors own 46.89% of the company’s stock.

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.