Pegasystems Inc. (NASDAQ:PEGA) Insider Sells $54,211.68 in Stock

Pegasystems Inc. (NASDAQ:PEGA) insider Leon Trefler sold 752 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $72.09, for a total value of $54,211.68. Following the transaction, the insider now directly owns 38,412 shares in the company, valued at approximately $2,769,121.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, July 1st, Leon Trefler sold 752 shares of Pegasystems stock. The shares were sold at an average price of $60.21, for a total value of $45,277.92.

Pegasystems Trading Down 2.0 %

PEGA stock opened at $67.03 on Monday. The company has a market cap of $5.73 billion, a P/E ratio of 81.74 and a beta of 1.08. The company’s 50-day moving average price is $60.08 and its 200 day moving average price is $59.75. Pegasystems Inc. has a 52 week low of $37.66 and a 52 week high of $72.74.

Pegasystems (NASDAQ:PEGA) last announced its earnings results on Wednesday, July 24th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.30. The company had revenue of $351.20 million during the quarter, compared to analysts’ expectations of $323.55 million. Pegasystems had a net margin of 8.72% and a return on equity of 49.62%. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.41) earnings per share. On average, equities research analysts expect that Pegasystems Inc. will post 1.55 earnings per share for the current year.

Pegasystems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date of this dividend was Monday, July 1st. Pegasystems’s payout ratio is currently 14.63%.

Hedge Funds Weigh In On Pegasystems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bares Capital Management Inc. raised its position in Pegasystems by 1.6% during the fourth quarter. Bares Capital Management Inc. now owns 5,862,346 shares of the technology company’s stock worth $286,434,000 after acquiring an additional 90,993 shares during the last quarter. Vanguard Group Inc. increased its position in Pegasystems by 4.9% during the first quarter. Vanguard Group Inc. now owns 5,369,237 shares of the technology company’s stock worth $347,067,000 after purchasing an additional 250,273 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Pegasystems by 3.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 946,109 shares of the technology company’s stock worth $46,227,000 after purchasing an additional 31,925 shares during the last quarter. Ranger Investment Management L.P. increased its position in Pegasystems by 29.9% during the fourth quarter. Ranger Investment Management L.P. now owns 625,471 shares of the technology company’s stock worth $30,561,000 after purchasing an additional 143,986 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in Pegasystems by 77.8% during the first quarter. Acadian Asset Management LLC now owns 499,532 shares of the technology company’s stock worth $32,273,000 after purchasing an additional 218,599 shares during the last quarter. Institutional investors and hedge funds own 46.89% of the company’s stock.

Wall Street Analyst Weigh In

PEGA has been the subject of several analyst reports. Loop Capital raised Pegasystems from a “hold” rating to a “buy” rating and upped their price objective for the company from $68.00 to $84.00 in a research note on Thursday. JMP Securities upgraded shares of Pegasystems from a “market perform” rating to an “outperform” rating and set a $85.00 target price for the company in a research note on Wednesday, July 31st. JPMorgan Chase & Co. lifted their target price on shares of Pegasystems from $78.00 to $83.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Wedbush reaffirmed an “outperform” rating and issued a $90.00 target price on shares of Pegasystems in a report on Monday, July 29th. Finally, Rosenblatt Securities lifted their target price on shares of Pegasystems from $75.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $82.60.

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.