Pegasystems Inc. (NASDAQ:PEGA) Insider Sells $54,211.68 in Stock

Pegasystems Inc. (NASDAQ:PEGA) insider Leon Trefler sold 752 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $72.09, for a total value of $54,211.68. Following the sale, the insider now directly owns 38,412 shares in the company, valued at approximately $2,769,121.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, July 1st, Leon Trefler sold 752 shares of Pegasystems stock. The stock was sold at an average price of $60.21, for a total value of $45,277.92.

Pegasystems Stock Performance

Shares of PEGA stock traded down $1.38 during mid-day trading on Friday, hitting $67.03. 685,591 shares of the stock were exchanged, compared to its average volume of 522,235. Pegasystems Inc. has a 12-month low of $37.66 and a 12-month high of $72.74. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 81.74 and a beta of 1.08. The stock’s fifty day simple moving average is $59.94 and its two-hundred day simple moving average is $59.43.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $323.55 million. During the same quarter in the previous year, the company posted ($0.41) earnings per share. The firm’s revenue was up 17.7% compared to the same quarter last year. On average, research analysts expect that Pegasystems Inc. will post 1.55 earnings per share for the current fiscal year.

Pegasystems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were given a $0.03 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $0.12 annualized dividend and a yield of 0.18%. Pegasystems’s dividend payout ratio (DPR) is 14.63%.

Institutional Trading of Pegasystems

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Pegasystems by 4.9% in the first quarter. Vanguard Group Inc. now owns 5,369,237 shares of the technology company’s stock valued at $347,067,000 after acquiring an additional 250,273 shares during the period. Edgestream Partners L.P. purchased a new position in Pegasystems in the 1st quarter valued at about $1,161,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Pegasystems by 3.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 946,109 shares of the technology company’s stock worth $46,227,000 after acquiring an additional 31,925 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Pegasystems by 6.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 49,541 shares of the technology company’s stock valued at $3,202,000 after purchasing an additional 2,831 shares during the period. Finally, Dynamic Technology Lab Private Ltd increased its stake in Pegasystems by 272.4% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 19,178 shares of the technology company’s stock valued at $937,000 after purchasing an additional 14,028 shares during the last quarter. Institutional investors and hedge funds own 46.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Loop Capital upgraded Pegasystems from a “hold” rating to a “buy” rating and lifted their price objective for the company from $68.00 to $84.00 in a research note on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Pegasystems from $78.00 to $83.00 and gave the stock an “overweight” rating in a research note on Wednesday. Royal Bank of Canada increased their price objective on shares of Pegasystems from $77.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. The Goldman Sachs Group lifted their price objective on shares of Pegasystems from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Finally, Barclays increased their target price on Pegasystems from $69.00 to $74.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.60.

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.