Kenneth Stillwell Sells 7,742 Shares of Pegasystems Inc. (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 7,742 shares of the company’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 completion of the transaction, the chief financial officer now owns 14,466 shares of the company’s stock, valued at approximately $1,225,559.52. The trade was a 34.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 stock was 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 transaction of $586,954.00.
• On Monday, December 2nd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The stock was sold at an average price of $94.60, for a total transaction of $189,200.00.

Pegasystems Trading Down 4.4 %

Shares of PEGA opened at $77.89 on Friday. Pegasystems Inc. has a twelve month low of $54.55 and a twelve month high of $113.67. The company has a market cap of $6.69 billion, a P/E ratio of 77.12 and a beta of 1.11. The company’s fifty day simple moving average is $98.16 and its 200-day simple moving average is $84.30.

Pegasystems (NASDAQ:PEGA) last announced its earnings results on Wednesday, February 12th. The technology company reported $1.27 earnings per share 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%. Analysts predict that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Pegasystems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date of this dividend was Thursday, January 2nd. Pegasystems’s payout ratio is presently 11.88%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Principal Securities Inc. grew its holdings in shares of Pegasystems by 150.5% in the fourth quarter. Principal Securities Inc. now owns 278 shares of the technology company’s stock worth $26,000 after purchasing an additional 167 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Pegasystems by 85.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company’s stock worth $30,000 after acquiring an additional 149 shares in the last quarter. True Wealth Design LLC bought a new position in Pegasystems during the 3rd quarter worth about $27,000. Venturi Wealth Management LLC grew its holdings in Pegasystems by 49.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company’s stock worth $48,000 after acquiring an additional 216 shares in the last quarter. Finally, Financial Management Professionals Inc. bought a new position in Pegasystems during the 3rd quarter worth about $57,000. 46.89% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on PEGA. Wedbush boosted their target price on shares of Pegasystems from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Citigroup boosted their target price on shares of Pegasystems from $99.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. KeyCorp reaffirmed an “overweight” rating and set a $118.00 price target on shares of Pegasystems in a research note on Tuesday, January 14th. StockNews.com raised shares of Pegasystems from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. Finally, Rosenblatt Securities upped their price target on shares of Pegasystems from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Pegasystems presently has an average rating of “Moderate Buy” and an average price target of $99.36.

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.