Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell Sells 7,742 Shares

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 7,742 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $84.72, for a total value of $655,902.24. Following the transaction, the chief financial officer now owns 14,466 shares in the company, valued at $1,225,559.52. This trade represents a 34.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, February 3rd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The stock was sold at an average price of $105.63, for a total transaction of $211,260.00.
• On Thursday, January 2nd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were sold at an average price of $94.00, for a total transaction of $188,000.00.
• On Tuesday, December 10th, Kenneth Stillwell sold 6,200 shares of Pegasystems stock. The stock was 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 shares were sold at an average price of $94.60, for a total value of $189,200.00.

Pegasystems Trading Down 2.2 %

NASDAQ:PEGA traded down $1.89 during mid-day trading on Wednesday, reaching $84.17. 1,002,315 shares of the stock were exchanged, compared to its average volume of 1,016,697. Pegasystems Inc. has a 1-year low of $54.55 and a 1-year high of $113.67. The firm has a market capitalization of $7.23 billion, a PE ratio of 83.34 and a beta of 1.11. The business has a fifty day moving average price of $98.69 and a 200 day moving average price of $84.32.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.20). Pegasystems had a return on equity of 32.09% and a net margin of 6.63%. On average, sell-side analysts forecast that Pegasystems Inc. will post 1.87 earnings per share for the current year.

Pegasystems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.03 per share. The ex-dividend date was Thursday, January 2nd. This represents a $0.12 annualized dividend and a yield of 0.14%. Pegasystems’s payout ratio is presently 11.88%.

Analyst Upgrades and Downgrades

PEGA has been the topic of several recent research reports. Wedbush raised their price target on Pegasystems from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. StockNews.com raised shares of Pegasystems from a “hold” rating to a “buy” rating in a report on Thursday, November 21st. Barclays dropped their price objective on shares of Pegasystems from $103.00 to $97.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Royal Bank of Canada boosted their price objective on Pegasystems from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, JMP Securities reissued a “market outperform” rating and set a $110.00 price target on shares of Pegasystems in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.36.

Institutional Trading of Pegasystems

Hedge funds have recently bought and sold shares of the company. Raymond James & Associates increased its position in shares of Pegasystems by 166.8% in the third quarter. Raymond James & Associates now owns 70,432 shares of the technology company’s stock worth $5,148,000 after acquiring an additional 44,035 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Pegasystems by 709.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 97,563 shares of the technology company’s stock worth $7,131,000 after purchasing an additional 85,505 shares during the period. Eastern Bank purchased a new position in Pegasystems during the 3rd quarter worth approximately $146,000. Private Advisor Group LLC acquired a new stake in shares of Pegasystems in the third quarter worth $310,000. Finally, Impact Partnership Wealth LLC purchased a new position in shares of Pegasystems during the third quarter valued at $207,000. 46.89% of the stock is owned by hedge funds and other 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.