Pegasystems Inc. (NASDAQ:PEGA) CFO Sells $211,260.00 in Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 2,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $105.63, for a total value of $211,260.00. Following the completion of the sale, the chief financial officer now owns 14,466 shares of the company’s stock, valued at $1,528,043.58. This represents a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, January 2nd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The stock was sold at an average price of $94.00, for a total value of $188,000.00.
• 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 value of $189,200.00.

Pegasystems Stock Performance

Shares of PEGA stock opened at $108.49 on Thursday. The stock’s 50-day simple moving average is $98.26 and its 200-day simple moving average is $82.11. The firm has a market capitalization of $9.30 billion, a PE ratio of 79.19 and a beta of 1.11. Pegasystems Inc. has a fifty-two week low of $47.82 and a fifty-two week high of $113.67.

Pegasystems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend was Thursday, January 2nd. Pegasystems’s dividend payout ratio is presently 8.76%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Rosenblatt Securities boosted their price target on Pegasystems from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. StockNews.com raised Pegasystems from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st. Wedbush boosted their price target on Pegasystems from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Barclays upped their target price on Pegasystems from $82.00 to $103.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada upped their target price on Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.82.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PEGA. Greenwood Capital Associates LLC purchased a new stake in shares of Pegasystems in the third quarter worth about $436,000. Crossmark Global Holdings Inc. boosted its position in Pegasystems by 110.0% during the third quarter. Crossmark Global Holdings Inc. now owns 25,195 shares of the technology company’s stock worth $1,842,000 after purchasing an additional 13,200 shares in the last quarter. Foundry Partners LLC purchased a new position in Pegasystems during the third quarter worth approximately $9,567,000. Nordea Investment Management AB boosted its position in Pegasystems by 9.9% during the fourth quarter. Nordea Investment Management AB now owns 88,554 shares of the technology company’s stock worth $8,353,000 after purchasing an additional 7,947 shares in the last quarter. Finally, Versor Investments LP purchased a new position in Pegasystems during the third quarter worth approximately $497,000. 46.89% of the stock is owned by institutional investors and hedge funds.

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.