Pegasystems Inc. (NASDAQ:PEGA) CFO Sells $73,170.00 in Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 1,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $73.17, for a total value of $73,170.00. Following the sale, the chief financial officer now directly owns 17,262 shares in the company, valued at $1,263,060.54. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, September 3rd, Kenneth Stillwell sold 3,000 shares of Pegasystems stock. The stock was sold at an average price of $70.41, for a total value of $211,230.00.
• 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.

Pegasystems Stock Performance

Shares of PEGA stock opened at $72.08 on Friday. Pegasystems Inc. has a fifty-two week low of $37.66 and a fifty-two week high of $74.40. The firm has a market capitalization of $6.13 billion, a PE ratio of 87.90 and a beta of 1.07. The stock’s 50-day simple moving average is $68.47 and its 200-day simple moving average is $63.24.

Pegasystems (NASDAQ:PEGA) last issued its earnings results on Wednesday, July 24th. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.30. Pegasystems had a return on equity of 49.62% and a net margin of 8.72%. The firm had revenue of $351.20 million for the quarter, compared to analyst estimates of $323.55 million. During the same quarter in the prior year, the firm earned ($0.41) earnings per share. Pegasystems’s revenue for the quarter was up 17.7% on a year-over-year basis. Sell-side analysts forecast that Pegasystems Inc. will post 1.54 earnings per share for the current year.

Pegasystems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be issued a dividend of $0.03 per share. The ex-dividend date is Tuesday, October 1st. This represents a $0.12 annualized dividend and a dividend yield of 0.17%. Pegasystems’s dividend payout ratio (DPR) is presently 14.63%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PEGA. Versant Capital Management Inc grew its position 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 purchasing an additional 756 shares during the period. Headlands Technologies LLC boosted its stake in shares of Pegasystems by 64.0% in the first quarter. Headlands Technologies LLC now owns 869 shares of the technology company’s stock worth $56,000 after buying an additional 339 shares during the last quarter. Covestor Ltd grew its holdings in Pegasystems by 633.9% during the first 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. Point72 Hong Kong Ltd purchased a new position in Pegasystems during the second quarter valued at approximately $104,000. Finally, Picton Mahoney Asset Management acquired a new position in Pegasystems in the second quarter valued at approximately $124,000. 46.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PEGA has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their target price on shares of Pegasystems from $78.00 to $83.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Loop Capital raised Pegasystems from a “hold” rating to a “buy” rating and upped their price target for the stock from $68.00 to $84.00 in a research report on Thursday, August 1st. Wedbush reissued an “outperform” rating and issued a $90.00 price objective on shares of Pegasystems in a research report on Monday, July 29th. Citigroup boosted their target price on Pegasystems from $87.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Finally, Rosenblatt Securities increased their price target on Pegasystems from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.60.

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.