Efstathios A. Kouninis Sells 500 Shares of Pegasystems Inc. (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios A. Kouninis sold 500 shares of the stock in a transaction dated Thursday, September 16th. The shares were sold at an average price of $132.50, for a total value of $66,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of PEGA stock opened at $129.94 on Wednesday. The company has a market capitalization of $10.58 billion, a P/E ratio of 812.13 and a beta of 1.18. The business’s 50 day moving average is $132.76 and its two-hundred day moving average is $127.97. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 1.13. Pegasystems Inc. has a 12-month low of $109.06 and a 12-month high of $148.80.

Pegasystems (NASDAQ:PEGA) last released its earnings results on Wednesday, July 28th. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of ($0.49) by $0.72. The business had revenue of $325.70 million for the quarter, compared to the consensus estimate of $269.70 million. Pegasystems had a negative return on equity of 11.22% and a net margin of 1.32%. On average, research analysts predict that Pegasystems Inc. will post -0.73 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Friday, October 1st will be given a $0.03 dividend. The ex-dividend date of this dividend is Thursday, September 30th. This represents a $0.12 annualized dividend and a dividend yield of 0.09%. Pegasystems’s dividend payout ratio (DPR) is presently -8.76%.

A number of research analysts have recently weighed in on the company. Macquarie increased their price objective on Pegasystems from $165.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, June 4th. Royal Bank of Canada increased their price objective on Pegasystems from $150.00 to $165.00 in a report on Tuesday, June 15th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Pegasystems has an average rating of “Buy” and a consensus target price of $159.20.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Pegasystems by 1.1% in the second quarter. Vanguard Group Inc. now owns 3,734,054 shares of the technology company’s stock valued at $519,743,000 after acquiring an additional 39,841 shares in the last quarter. Praesidium Investment Management Company LLC lifted its position in shares of Pegasystems by 30.8% in the first quarter. Praesidium Investment Management Company LLC now owns 1,613,907 shares of the technology company’s stock valued at $184,534,000 after acquiring an additional 380,135 shares in the last quarter. Bamco Inc. NY lifted its position in shares of Pegasystems by 4.8% in the first quarter. Bamco Inc. NY now owns 1,303,269 shares of the technology company’s stock valued at $149,016,000 after acquiring an additional 59,619 shares in the last quarter. William Blair Investment Management LLC lifted its position in shares of Pegasystems by 30.5% in the second quarter. William Blair Investment Management LLC now owns 1,281,078 shares of the technology company’s stock valued at $178,313,000 after acquiring an additional 299,695 shares in the last quarter. Finally, Foxhaven Asset Management LP lifted its position in shares of Pegasystems by 89.3% in the first quarter. Foxhaven Asset Management LP now owns 1,119,465 shares of the technology company’s stock valued at $128,000,000 after acquiring an additional 528,008 shares in the last quarter. Institutional investors and hedge funds own 47.36% of the company’s stock.

Pegasystems Company Profile

Pegasystems, Inc engages in the development, market, license, and support of software, which allows organizations to build, deploy, and change enterprise applications. The company was founded by Alan Trefler in 1983 and is headquartered in Cambridge, MA.

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