Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell Sells 7,742 Shares

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 7,742 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $84.72, for a total transaction of $655,902.24. Following the transaction, the chief financial officer now owns 14,466 shares in the company, valued at approximately $1,225,559.52. The trade was a 34.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, February 3rd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The stock was sold at an average price of $105.63, for a total transaction of $211,260.00.
• 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 transaction 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 transaction 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.

Pegasystems Stock Performance

PEGA stock opened at $84.17 on Thursday. The company has a fifty day moving average price of $98.69 and a 200-day moving average price of $84.32. The company has a market capitalization of $7.23 billion, a P/E ratio of 83.34 and a beta of 1.11. Pegasystems Inc. has a 52-week low of $54.55 and a 52-week high of $113.67.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.20). Pegasystems had a net margin of 6.63% and a return on equity of 32.09%. As a group, sell-side analysts forecast that Pegasystems Inc. will post 1.87 earnings per share for the current fiscal year.

Pegasystems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend was Thursday, January 2nd. Pegasystems’s payout ratio is currently 11.88%.

Hedge Funds Weigh In On Pegasystems

Several large investors have recently modified their holdings of the business. Invesco Ltd. raised its stake in shares of Pegasystems by 189.0% during the fourth quarter. Invesco Ltd. now owns 2,364,242 shares of the technology company’s stock valued at $220,347,000 after acquiring an additional 1,546,281 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Pegasystems by 23.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 860,361 shares of the technology company’s stock worth $80,188,000 after buying an additional 164,986 shares during the period. Geode Capital Management LLC increased its position in shares of Pegasystems by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 825,762 shares of the technology company’s stock worth $76,983,000 after buying an additional 6,480 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in shares of Pegasystems by 0.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 807,671 shares of the technology company’s stock worth $75,275,000 after buying an additional 4,989 shares during the period. Finally, Shannon River Fund Management LLC increased its position in shares of Pegasystems by 1.3% during the fourth quarter. Shannon River Fund Management LLC now owns 798,356 shares of the technology company’s stock worth $74,407,000 after buying an additional 9,989 shares during the period. Institutional investors own 46.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PEGA shares. KeyCorp reaffirmed an “overweight” rating and set a $118.00 price target on shares of Pegasystems in a report on Tuesday, January 14th. JMP Securities reaffirmed a “market outperform” rating and set a $110.00 price target on shares of Pegasystems in a report on Thursday, February 13th. Rosenblatt Securities increased their price objective on shares of Pegasystems from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Citigroup increased their price objective on shares of Pegasystems from $99.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Wedbush increased their price objective on shares of Pegasystems from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Three equities 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $99.36.

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.