Leon Trefler Sells 2,049 Shares of Pegasystems Inc. (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) insider Leon Trefler sold 2,049 shares of Pegasystems stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $75.65, for a total transaction of $155,006.85. Following the completion of the transaction, the insider now directly owns 52,019 shares in the company, valued at $3,935,237.35. This trade represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Leon Trefler also recently made the following trade(s):

• On Tuesday, December 31st, Leon Trefler sold 752 shares of Pegasystems stock. The shares were sold at an average price of $93.83, for a total value of $70,560.16.

Pegasystems Price Performance

Pegasystems stock opened at $79.33 on Thursday. The business has a 50 day moving average of $95.11 and a 200-day moving average of $85.17. Pegasystems Inc. has a 1 year low of $54.55 and a 1 year high of $113.67. The company has a market capitalization of $6.81 billion, a P/E ratio of 78.54 and a beta of 1.11.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.20). Pegasystems had a net margin of 6.63% and a return on equity of 32.09%. Equities analysts anticipate that Pegasystems Inc. will post 1.89 EPS for the current year.

Pegasystems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date of this dividend was Thursday, January 2nd. Pegasystems’s dividend payout ratio is presently 11.88%.

Institutional Trading of Pegasystems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PEGA. Principal Securities Inc. increased its position in Pegasystems by 150.5% during the 4th quarter. Principal Securities Inc. now owns 278 shares of the technology company’s stock valued at $26,000 after purchasing an additional 167 shares during the period. True Wealth Design LLC acquired a new stake in Pegasystems during the 3rd quarter valued at approximately $27,000. EverSource Wealth Advisors LLC increased its position in Pegasystems by 85.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company’s stock valued at $30,000 after purchasing an additional 149 shares during the period. Venturi Wealth Management LLC grew its holdings in Pegasystems by 49.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company’s stock worth $48,000 after acquiring an additional 216 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Pegasystems during the 4th quarter worth about $61,000. Institutional investors and hedge funds own 46.89% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PEGA shares. Royal Bank of Canada boosted their price target on Pegasystems from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. KeyCorp reissued an “overweight” rating and set a $118.00 target price on shares of Pegasystems in a research note on Tuesday, January 14th. StockNews.com downgraded Pegasystems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. JMP Securities reissued a “market outperform” rating and set a $110.00 target price on shares of Pegasystems in a research note on Thursday, February 13th. Finally, Citigroup boosted their target price on Pegasystems from $99.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $99.36.

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.