Pegasystems Inc. (NASDAQ:PEGA) CAO Sells $28,973.10 in Stock

Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios A. Kouninis sold 299 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $96.90, for a total value of $28,973.10. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Efstathios A. Kouninis also recently made the following trade(s):

• On Tuesday, November 5th, Efstathios A. Kouninis sold 528 shares of Pegasystems stock. The stock was sold at an average price of $83.00, for a total transaction of $43,824.00.
• On Friday, October 25th, Efstathios A. Kouninis sold 303 shares of Pegasystems stock. The shares were sold at an average price of $81.00, for a total value of $24,543.00.

Pegasystems Trading Down 0.6 %

NASDAQ:PEGA traded down $0.55 during trading hours on Tuesday, hitting $96.66. 439,046 shares of the stock traded hands, compared to its average volume of 537,994. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of 70.55 and a beta of 1.09. The firm has a 50 day moving average price of $85.38 and a 200 day moving average price of $71.77. Pegasystems Inc. has a fifty-two week low of $44.07 and a fifty-two week high of $97.94.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The company had revenue of $325.10 million during the quarter, compared to analyst estimates of $326.16 million. Pegasystems had a return on equity of 37.83% and a net margin of 8.29%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 earnings per share. Research analysts predict that Pegasystems Inc. will post 1.61 EPS for the current year.

Pegasystems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.12%. The ex-dividend date is Thursday, January 2nd. Pegasystems’s payout ratio is presently 8.76%.

Analysts Set New Price Targets

Several brokerages have weighed in on PEGA. Rosenblatt Securities increased their price target on Pegasystems from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Wedbush boosted their target price on shares of Pegasystems from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Citigroup lifted their target price on shares of Pegasystems from $87.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. StockNews.com upgraded Pegasystems from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st. Finally, Barclays increased their price target on shares of Pegasystems from $74.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $85.90.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PEGA. Franklin Resources Inc. raised its stake in Pegasystems by 54.0% in the 3rd quarter. Franklin Resources Inc. now owns 141,031 shares of the technology company’s stock worth $10,362,000 after purchasing an additional 49,433 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Pegasystems during the third quarter valued at $325,000. Geode Capital Management LLC increased its holdings in Pegasystems by 3.3% in the third quarter. Geode Capital Management LLC now owns 819,282 shares of the technology company’s stock worth $59,895,000 after purchasing an additional 25,901 shares in the last quarter. Y Intercept Hong Kong Ltd grew its holdings in Pegasystems by 40.9% in the third quarter. Y Intercept Hong Kong Ltd now owns 17,198 shares of the technology company’s stock worth $1,257,000 after purchasing an additional 4,988 shares during the period. Finally, Hodges Capital Management Inc. acquired a new position in Pegasystems during the 3rd quarter worth approximately $4,503,000. 46.89% of the stock is currently owned by institutional investors.

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.