Pegasystems (NASDAQ:PEGA) CFO Kenneth Stillwell Sells 16,256 Shares of Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 16,256 shares of the company’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $35.54, for a total value of $577,738.24. Following the transaction, the chief financial officer directly owned 87,225 shares of the company’s stock, valued at approximately $3,099,976.50. This represents a 15.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Friday, September 11th, Kenneth Stillwell sold 39,627 shares of Pegasystems stock. The stock was sold at an average price of $35.77, for a total value of $1,417,457.79.

Pegasystems Price Performance

Shares of NASDAQ PEGA traded down $1.17 during midday trading on Friday, hitting $32.40. 2,602,201 shares of the company’s stock were exchanged, compared to its average volume of 2,432,578. The firm’s fifty day simple moving average is $35.32 and its 200-day simple moving average is $36.87. The company has a market cap of $5.30 billion, a PE ratio of 20.12 and a beta of 0.94. Pegasystems Inc. has a twelve month low of $25.10 and a twelve month high of $63.26.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings results on Tuesday, October 20th. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.10). The business had revenue of $393.36 million during the quarter, compared to analyst estimates of $421.06 million. Pegasystems had a net margin of 16.86% and a return on equity of 35.22%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.30 earnings per share. Equities analysts anticipate that Pegasystems Inc. will post 1.43 EPS for the current fiscal year.

Pegasystems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 1st were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, October 1st. Pegasystems’s dividend payout ratio (DPR) is 7.45%.

Analysts Set New Price Targets

PEGA has been the subject of a number of research reports. DA Davidson set a $35.00 price target on shares of Pegasystems in a research report on Thursday, October 22nd. Citizens Jmp cut Pegasystems from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 22nd. Zacks Research downgraded Pegasystems from a “hold” rating to a “strong sell” rating in a report on Friday, October 23rd. Royal Bank Of Canada reissued an “outperform” rating and issued a $40.00 target price (up from $35.00) on shares of Pegasystems in a report on Thursday, October 22nd. Finally, William Blair cut Pegasystems from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 22nd. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Pegasystems has an average rating of “Hold” and an average target price of $45.73.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Alpine Bank Wealth Management purchased a new stake in shares of Pegasystems during the 3rd quarter worth approximately $27,000. Signature Equity Partners LLC increased its stake in Pegasystems by 302.2% in the 1st quarter. Signature Equity Partners LLC now owns 929 shares of the technology company’s stock valued at $40,000 after purchasing an additional 698 shares in the last quarter. Global Retirement Partners LLC purchased a new position in Pegasystems in the 2nd quarter valued at approximately $41,000. Allworth Financial LP acquired a new position in Pegasystems during the second quarter worth $42,000. Finally, Nisa Investment Advisors LLC raised its holdings in Pegasystems by 26.4% during the third quarter. Nisa Investment Advisors LLC now owns 1,547 shares of the technology company’s stock worth $52,000 after purchasing an additional 323 shares during the last quarter. 46.89% of the stock is owned by hedge funds and other institutional investors.

Pegasystems Company Profile

Pegasystems Inc is a software company that develops enterprise applications for customer engagement, workflow automation and business process management. Its technology helps organizations manage customer interactions, automate repetitive work, coordinate complex processes and make data-driven decisions across departments and channels.

The company’s portfolio includes Pega Platform, a low-code application development and workflow platform, along with solutions for customer service, sales automation, marketing, decisioning and artificial intelligence.