Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios A. Kouninis Sells 932 Shares

Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios A. Kouninis sold 932 shares of Pegasystems stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $71.00, for a total transaction of $66,172.00. Following the completion of the transaction, the chief accounting officer now owns 2 shares of the company’s stock, valued at approximately $142. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Pegasystems Stock Performance

Shares of PEGA traded up $0.08 during trading hours on Wednesday, hitting $67.89. The stock had a trading volume of 597,734 shares, compared to its average volume of 536,546. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 82.79 and a beta of 1.07. The firm has a 50-day moving average price of $64.33 and a 200 day moving average price of $62.42. Pegasystems Inc. has a fifty-two week low of $37.66 and a fifty-two week high of $72.74.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data 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 net margin of 8.72% and a return on equity of 49.62%. The firm had revenue of $351.20 million for the quarter, compared to analyst estimates of $323.55 million. During the same period in the prior year, the business posted ($0.41) EPS. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. As a group, analysts predict that Pegasystems Inc. will post 1.54 EPS for the current fiscal year.

Pegasystems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were issued a $0.03 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $0.12 dividend on an annualized basis and a yield of 0.18%. Pegasystems’s payout ratio is 14.63%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC grew its position in Pegasystems by 80.1% during the fourth quarter. Quadrant Capital Group LLC now owns 508 shares of the technology company’s stock worth $25,000 after buying an additional 226 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Pegasystems by 15,120.0% during the 2nd quarter. Versant Capital Management Inc now owns 761 shares of the technology company’s stock worth $46,000 after buying an additional 756 shares in the last quarter. Headlands Technologies LLC boosted its stake in shares of Pegasystems by 64.0% in the 1st quarter. Headlands Technologies LLC now owns 869 shares of the technology company’s stock valued at $56,000 after purchasing an additional 339 shares during the last quarter. Covestor Ltd grew its holdings in Pegasystems by 633.9% during the 1st quarter. Covestor Ltd now owns 1,233 shares of the technology company’s stock worth $80,000 after acquiring an additional 1,065 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in shares of Pegasystems during the second quarter worth $104,000. 46.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PEGA shares. Wedbush reaffirmed an “outperform” rating and issued a $90.00 target price on shares of Pegasystems in a report on Monday, July 29th. Royal Bank of Canada boosted their price target on Pegasystems from $77.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. upped their target price on shares of Pegasystems from $78.00 to $83.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. DA Davidson boosted their price target on shares of Pegasystems from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Finally, William Blair raised shares of Pegasystems from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 30th. Three investment 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.