Pegasystems Inc. (NASDAQ:PEGA) CFO Sells $188,000.00 in Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 2,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $94.00, for a total transaction of $188,000.00. Following the completion of the transaction, the chief financial officer now directly owns 16,466 shares of the company’s stock, valued at approximately $1,547,804. The trade was a 10.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, December 10th, Kenneth Stillwell sold 6,200 shares of Pegasystems stock. The shares were sold at an average price of $94.67, for a total transaction of $586,954.00.
• On Monday, December 2nd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The stock was sold at an average price of $94.60, for a total value of $189,200.00.
• On Friday, October 25th, Kenneth Stillwell sold 5,792 shares of Pegasystems stock. The shares were sold at an average price of $79.15, for a total value of $458,436.80.

Pegasystems Price Performance

Shares of PEGA stock traded up $1.52 during trading hours on Friday, reaching $94.50. 531,491 shares of the company traded hands, compared to its average volume of 553,396. The firm has a 50-day moving average price of $91.18 and a 200 day moving average price of $75.12. The company has a market cap of $8.10 billion, a P/E ratio of 68.98 and a beta of 1.09. Pegasystems Inc. has a 12-month low of $44.07 and a 12-month high of $97.94.

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

Pegasystems Announces Dividend

The firm also recently declared 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. The ex-dividend date is Thursday, January 2nd. This represents a $0.12 dividend on an annualized basis and a yield of 0.13%. Pegasystems’s payout ratio is presently 8.76%.

Institutional Investors Weigh In On Pegasystems

Institutional investors and hedge funds have recently modified their holdings of the stock. Greenwood Capital Associates LLC bought a new stake in Pegasystems during the third quarter worth approximately $436,000. Crossmark Global Holdings Inc. boosted its position in shares of Pegasystems by 110.0% during the third quarter. Crossmark Global Holdings Inc. now owns 25,195 shares of the technology company’s stock valued at $1,842,000 after buying an additional 13,200 shares during the period. Foundry Partners LLC bought a new position in shares of Pegasystems during the third quarter valued at approximately $9,567,000. Pacer Advisors Inc. purchased a new stake in shares of Pegasystems in the second quarter worth approximately $67,968,000. Finally, Versor Investments LP bought a new stake in shares of Pegasystems during the 3rd quarter worth approximately $497,000. Institutional investors own 46.89% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on PEGA. Wedbush lifted their target price on Pegasystems from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Royal Bank of Canada lifted their price objective on Pegasystems from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday. Barclays raised their price target on shares of Pegasystems from $74.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Rosenblatt Securities boosted their price objective on shares of Pegasystems from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, StockNews.com upgraded shares of Pegasystems from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.50.

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.