Alan Trefler Sells 45,000 Shares of Pegasystems (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) Chairman Alan Trefler sold 45,000 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $60.03, for a total transaction of $2,701,350.00. Following the completion of the sale, the chairman directly owned 44,889,364 shares of the company’s stock, valued at $2,694,708,520.92. This trade represents a 0.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, October 21st, Alan Trefler sold 45,000 shares of Pegasystems stock. The shares were sold at an average price of $56.73, for a total value of $2,552,850.00.
• On Tuesday, September 16th, Alan Trefler sold 45,000 shares of Pegasystems stock. The shares were sold at an average price of $58.22, for a total value of $2,619,900.00.

Pegasystems Trading Up 0.2%

Shares of PEGA stock traded up $0.13 during mid-day trading on Friday, reaching $59.09. The stock had a trading volume of 762,171 shares, compared to its average volume of 1,819,003. The stock’s 50-day moving average price is $58.33 and its two-hundred day moving average price is $53.45. Pegasystems Inc. has a 52-week low of $29.84 and a 52-week high of $68.10. The firm has a market capitalization of $10.03 billion, a PE ratio of 39.66 and a beta of 1.09.

Pegasystems (NASDAQ:PEGA) last posted its earnings results on Tuesday, October 21st. The technology company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.12. The company had revenue of $381.35 million during the quarter, compared to analyst estimates of $351.95 million. Pegasystems had a net margin of 16.05% and a return on equity of 43.49%. Pegasystems’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. On average, equities research analysts forecast that Pegasystems Inc. will post 1.89 earnings per share for the current year.

Pegasystems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were issued a $0.03 dividend. The ex-dividend date was Wednesday, October 1st. This represents a $0.12 annualized dividend and a yield of 0.2%. Pegasystems’s payout ratio is 8.05%.

Institutional Trading of Pegasystems

Several hedge funds and other institutional investors have recently made changes to their positions in PEGA. Amalgamated Bank raised its stake in Pegasystems by 5.3% during the first quarter. Amalgamated Bank now owns 3,060 shares of the technology company’s stock valued at $213,000 after buying an additional 153 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Pegasystems by 27.3% during the third quarter. UMB Bank n.a. now owns 929 shares of the technology company’s stock valued at $53,000 after acquiring an additional 199 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Pegasystems by 50.5% in the 1st quarter. GAMMA Investing LLC now owns 599 shares of the technology company’s stock worth $42,000 after purchasing an additional 201 shares during the last quarter. Paralel Advisors LLC boosted its stake in Pegasystems by 0.3% in the 3rd quarter. Paralel Advisors LLC now owns 76,960 shares of the technology company’s stock worth $4,425,000 after purchasing an additional 224 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its stake in Pegasystems by 20.5% in the 3rd quarter. Global Retirement Partners LLC now owns 1,331 shares of the technology company’s stock worth $77,000 after purchasing an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 46.89% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Rosenblatt Securities upped their price objective on shares of Pegasystems from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Wall Street Zen raised shares of Pegasystems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Barclays lifted their price objective on Pegasystems from $58.00 to $67.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Loop Capital increased their target price on Pegasystems from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Finally, Citigroup raised their target price on Pegasystems from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Pegasystems has an average rating of “Moderate Buy” and an average target price of $69.61.

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.