Leon Trefler Sells 752 Shares of Pegasystems Inc. (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) insider Leon Trefler sold 752 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $93.83, for a total transaction of $70,560.16. Following the transaction, the insider now directly owns 37,973 shares of the company’s stock, valued at $3,563,006.59. This trade represents a 1.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, December 2nd, Leon Trefler sold 752 shares of Pegasystems stock. The shares were sold at an average price of $94.60, for a total value of $71,139.20.
• On Friday, November 1st, Leon Trefler sold 8,288 shares of Pegasystems stock. The stock was sold at an average price of $81.23, for a total value of $673,234.24.

Pegasystems Price Performance

PEGA opened at $94.50 on Monday. Pegasystems Inc. has a 12-month low of $44.07 and a 12-month high of $97.94. The stock has a market capitalization of $8.10 billion, a PE ratio of 68.98 and a beta of 1.09. The firm’s fifty day moving average price is $91.18 and its 200 day moving average price is $75.25.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. Pegasystems had a return on equity of 37.83% and a net margin of 8.29%. The firm had revenue of $325.10 million for the quarter, compared to analysts’ expectations of $326.16 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Pegasystems’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities research analysts forecast that Pegasystems Inc. will post 1.61 earnings per share for the current fiscal year.

Pegasystems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend is Thursday, January 2nd. Pegasystems’s payout ratio is 8.76%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Royal Bank of Canada raised their price target on shares of Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Friday. StockNews.com raised shares of Pegasystems from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. Barclays upped their price target on shares of Pegasystems from $74.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Citigroup raised their price objective on Pegasystems from $99.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Rosenblatt Securities upped their target price on Pegasystems from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.50.

Institutional Investors Weigh In On Pegasystems

Large investors have recently added to or reduced their stakes in the stock. True Wealth Design LLC acquired a new position in Pegasystems during the 3rd quarter valued at about $27,000. Venturi Wealth Management LLC raised its holdings in shares of Pegasystems by 49.1% during the third quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company’s stock valued at $48,000 after buying an additional 216 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Pegasystems during the third quarter valued at approximately $57,000. Capital Performance Advisors LLP acquired a new position in shares of Pegasystems during the third quarter worth approximately $67,000. Finally, Headlands Technologies LLC grew its holdings in Pegasystems by 29.9% in the 2nd quarter. Headlands Technologies LLC now owns 1,129 shares of the technology company’s stock worth $68,000 after buying an additional 260 shares in the last quarter. 46.89% of the stock is owned by institutional investors and hedge funds.

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.