Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell Sells 3,000 Shares of Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 3,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $70.41, for a total transaction of $211,230.00. Following the transaction, the chief financial officer now owns 15,197 shares in the company, valued at $1,070,020.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, August 21st, Kenneth Stillwell sold 3,019 shares of Pegasystems stock. The stock was sold at an average price of $67.55, for a total transaction of $203,933.45.
• On Thursday, August 1st, Kenneth Stillwell sold 3,000 shares of Pegasystems stock. The shares were sold at an average price of $69.39, for a total transaction of $208,170.00.
• On Monday, July 1st, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were sold at an average price of $59.78, for a total transaction of $119,560.00.
• On Wednesday, June 26th, Kenneth Stillwell sold 1,000 shares of Pegasystems stock. The shares were sold at an average price of $60.00, for a total transaction of $60,000.00.

Pegasystems Stock Up 0.1 %

PEGA opened at $67.89 on Thursday. Pegasystems Inc. has a twelve month low of $37.66 and a twelve month high of $72.74. The company has a 50-day simple moving average of $64.52 and a 200 day simple moving average of $62.46. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 82.79 and a beta of 1.07.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.52 earnings per share 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 business had revenue of $351.20 million during the quarter, compared to analysts’ expectations of $323.55 million. During the same quarter in the prior year, the business posted ($0.41) earnings per share. Pegasystems’s revenue was up 17.7% compared to the same quarter last year. Sell-side analysts anticipate that Pegasystems Inc. will post 1.54 EPS for the current fiscal year.

Pegasystems Dividend Announcement

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

Institutional Investors Weigh In On Pegasystems

Institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. acquired a new stake in shares of Pegasystems in the 4th quarter valued at approximately $258,000. Versor Investments LP acquired a new stake in shares of Pegasystems in the 4th quarter valued at approximately $271,000. Teacher Retirement System of Texas acquired a new stake in shares of Pegasystems in the 4th quarter valued at approximately $584,000. BNP Paribas Financial Markets boosted its stake in shares of Pegasystems by 259.2% in the 4th quarter. BNP Paribas Financial Markets now owns 43,846 shares of the technology company’s stock valued at $2,142,000 after purchasing an additional 31,639 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Pegasystems in the 4th quarter valued at approximately $710,000. Institutional investors own 46.89% of the company’s stock.

Analyst Upgrades and Downgrades

PEGA has been the topic of several research reports. Citigroup decreased their price objective on shares of Pegasystems from $87.00 to $82.00 and set a “buy” rating on the stock in a report on Wednesday, June 26th. William Blair upgraded shares of Pegasystems from a “market perform” rating to an “outperform” rating in a report on Tuesday, July 30th. Loop Capital upgraded shares of Pegasystems from a “hold” rating to a “buy” rating and upped their price objective for the company from $68.00 to $84.00 in a report on Thursday, August 1st. JMP Securities upgraded shares of Pegasystems from a “market perform” rating to an “outperform” rating and set a $85.00 price objective on the stock in a report on Wednesday, July 31st. Finally, Rosenblatt Securities boosted their target price on shares of Pegasystems from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $82.60.

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.