Pegasystems Inc. (NASDAQ:PEGA) CFO Sells $188,000.00 in Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 2,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $94.00, for a total value of $188,000.00. Following the sale, the chief financial officer now owns 16,466 shares of the company’s stock, valued at approximately $1,547,804. The trade was a 10.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, December 10th, Kenneth Stillwell sold 6,200 shares of Pegasystems stock. The stock was sold at an average price of $94.67, for a total value of $586,954.00.
• On Monday, December 2nd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The stock was sold at an average price of $94.60, for a total transaction of $189,200.00.
• On Friday, October 25th, Kenneth Stillwell sold 5,792 shares of Pegasystems stock. The shares were sold at an average price of $79.15, for a total transaction of $458,436.80.

Pegasystems Trading Up 1.6 %

NASDAQ PEGA opened at $94.50 on Friday. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 68.98 and a beta of 1.09. Pegasystems Inc. has a 1-year low of $44.07 and a 1-year high of $97.94. The company has a 50 day moving average of $91.18 and a 200-day moving average of $75.12.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Pegasystems had a return on equity of 37.83% and a net margin of 8.29%. The company had revenue of $325.10 million for the quarter, compared to analyst estimates of $326.16 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The business’s revenue was down 2.8% on a year-over-year basis. On average, analysts forecast that Pegasystems Inc. will post 1.61 earnings per share for the current year.

Pegasystems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.13%. The ex-dividend date is Thursday, January 2nd. Pegasystems’s payout ratio is presently 8.76%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PEGA. True Wealth Design LLC bought a new stake in Pegasystems during the 3rd quarter worth about $27,000. Venturi Wealth Management LLC raised its holdings in Pegasystems by 49.1% in the third quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company’s stock worth $48,000 after purchasing an additional 216 shares during the period. Financial Management Professionals Inc. bought a new stake in shares of Pegasystems in the third quarter worth about $57,000. Capital Performance Advisors LLP acquired a new stake in Pegasystems during the 3rd quarter worth approximately $67,000. Finally, Headlands Technologies LLC raised its holdings in shares of Pegasystems by 29.9% during the second quarter. Headlands Technologies LLC now owns 1,129 shares of the technology company’s stock worth $68,000 after acquiring an additional 260 shares during the period. Institutional investors own 46.89% of the company’s stock.

Wall Street Analysts Forecast Growth

PEGA has been the subject of a number of research analyst reports. StockNews.com raised shares of Pegasystems from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st. Royal Bank of Canada upped their price target on Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Friday. Citigroup lifted their price objective on Pegasystems from $99.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Rosenblatt Securities upped their target price on Pegasystems from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Wedbush lifted their price target on shares of Pegasystems from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.50.

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.