Pegasystems Inc. (NASDAQ:PEGA) CFO Sells $156,620.00 in Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $78.31, for a total transaction of $156,620.00. Following the transaction, the chief financial officer now directly owns 13,765 shares of the company’s stock, valued at $1,077,937.15. The trade was a 12.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, February 14th, Kenneth Stillwell sold 7,742 shares of Pegasystems stock. The stock was sold at an average price of $84.72, for a total transaction of $655,902.24.
• On Monday, February 3rd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were sold at an average price of $105.63, for a total value 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 value of $188,000.00.
• On Tuesday, December 10th, Kenneth Stillwell sold 6,200 shares of Pegasystems stock. The shares were sold at an average price of $94.67, for a total value of $586,954.00.

Pegasystems Stock Performance

Shares of Pegasystems stock opened at $76.86 on Friday. The company has a fifty day moving average of $94.74 and a 200 day moving average of $85.11. The company has a market capitalization of $6.60 billion, a P/E ratio of 76.10 and a beta of 1.11. Pegasystems Inc. has a fifty-two week low of $54.55 and a fifty-two week high of $113.67.

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

Pegasystems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were given a dividend of $0.03 per share. The ex-dividend date was Thursday, January 2nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.16%. Pegasystems’s dividend payout ratio is 11.88%.

Wall Street Analyst Weigh In

PEGA has been the subject of a number of recent research reports. Citigroup boosted their price target on Pegasystems from $99.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. KeyCorp reiterated an “overweight” rating and issued a $118.00 price target on shares of Pegasystems in a research report on Tuesday, January 14th. StockNews.com downgraded shares of Pegasystems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. JMP Securities reiterated a “market outperform” rating and issued a $110.00 price target on shares of Pegasystems in a research report on Thursday, February 13th. Finally, Rosenblatt Securities boosted 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. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $99.36.

Hedge Funds Weigh In On Pegasystems

A number of hedge funds and other institutional investors have recently modified their holdings of PEGA. Principal Securities Inc. increased 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. True Wealth Design LLC bought a new stake in shares of Pegasystems in the third quarter worth about $27,000. EverSource Wealth Advisors LLC increased its holdings 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 worth $30,000 after purchasing an additional 149 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Pegasystems by 49.1% in the third quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company’s stock worth $48,000 after purchasing an additional 216 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Pegasystems during the 4th quarter valued at approximately $61,000. Institutional investors 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.