Pegasystems (NASDAQ:PEGA) CFO Kenneth Stillwell Sells 44,000 Shares

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 44,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $44.81, for a total value of $1,971,640.00. Following the transaction, the chief financial officer directly owned 109,123 shares in the company, valued at approximately $4,889,801.63. This represents a 28.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Pegasystems Stock Down 2.5%

PEGA traded down $1.10 during trading on Thursday, reaching $42.50. The company had a trading volume of 1,602,600 shares, compared to its average volume of 2,308,862. The business has a 50 day simple moving average of $47.88 and a 200-day simple moving average of $54.49. The stock has a market cap of $7.18 billion, a P/E ratio of 19.90 and a beta of 1.06. Pegasystems Inc. has a 52 week low of $29.84 and a 52 week high of $68.10.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Pegasystems had a net margin of 22.54% and a return on equity of 38.86%. The business had revenue of $504.32 million for the quarter, compared to analysts’ expectations of $494.60 million. During the same quarter in the previous year, the business posted $0.80 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. As a group, equities research analysts expect that Pegasystems Inc. will post 1.89 EPS for the current fiscal year.

Pegasystems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were paid a $0.03 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.12 annualized dividend and a yield of 0.3%. Pegasystems’s dividend payout ratio (DPR) is presently 5.63%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PEGA shares. Wedbush cut their target price on Pegasystems from $75.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, February 12th. Citizens Jmp decreased their price target on Pegasystems from $78.00 to $58.00 and set a “market outperform” rating for the company in a research note on Thursday, February 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Pegasystems in a report on Monday, December 29th. Zacks Research raised Pegasystems from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. lifted their target price on Pegasystems from $65.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.60.

Institutional Trading of Pegasystems

A number of large investors have recently modified their holdings of PEGA. NewEdge Advisors LLC increased its holdings in Pegasystems by 1.4% during the 3rd quarter. NewEdge Advisors LLC now owns 13,652 shares of the technology company’s stock worth $785,000 after purchasing an additional 189 shares during the period. UMB Bank n.a. lifted its holdings in shares of Pegasystems by 27.3% in the 3rd quarter. UMB Bank n.a. now owns 929 shares of the technology company’s stock worth $53,000 after buying an additional 199 shares during the period. Paralel Advisors LLC grew its position in shares of Pegasystems by 0.3% during the 3rd quarter. Paralel Advisors LLC now owns 76,960 shares of the technology company’s stock worth $4,425,000 after buying an additional 224 shares in the last quarter. Global Retirement Partners LLC increased its stake in shares of Pegasystems by 20.5% during the third quarter. Global Retirement Partners LLC now owns 1,331 shares of the technology company’s stock valued at $77,000 after buying an additional 226 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Pegasystems by 5.0% during the third quarter. EverSource Wealth Advisors LLC now owns 4,798 shares of the technology company’s stock valued at $276,000 after buying an additional 228 shares during the period. Hedge funds and other institutional investors own 46.89% of the company’s stock.

About Pegasystems

Pegasystems Inc is a software company specializing in customer engagement and digital process automation solutions. Headquartered in Cambridge, Massachusetts, Pegasystems develops enterprise applications designed to help organizations streamline operations, manage customer interactions and automate complex workflows. Its platform supports a wide range of use cases, from sales and marketing optimization to case management and robotic process automation.

The core of Pegasystems’ offering is the Pega Platform, a low-code development environment that enables businesses to build and deploy applications with minimal hand-coding.