Pegasystems Inc. (NASDAQ:PEGA) CFO Sells $120,780.00 in Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $60.39, for a total transaction of $120,780.00. Following the completion of the transaction, the chief financial officer now owns 22,884 shares in the company, valued at approximately $1,381,964.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, April 1st, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The stock was sold at an average price of $63.70, for a total transaction of $127,400.00.
• On Friday, March 1st, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were sold at an average price of $66.43, for a total value of $132,860.00.
• On Thursday, February 22nd, Kenneth Stillwell sold 6,535 shares of Pegasystems stock. The stock was sold at an average price of $63.66, for a total value of $416,018.10.
• On Friday, February 16th, Kenneth Stillwell sold 20,606 shares of Pegasystems stock. The shares were sold at an average price of $63.17, for a total value of $1,301,681.02.

Pegasystems Stock Up 1.1 %

Shares of NASDAQ PEGA opened at $59.55 on Friday. Pegasystems Inc. has a 12 month low of $37.66 and a 12 month high of $69.26. The company has a market cap of $5.06 billion, a P/E ratio of 72.62 and a beta of 1.05. The business’s 50 day moving average is $62.40 and its two-hundred day moving average is $53.83.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.64. The business had revenue of $474.23 million for the quarter, compared to the consensus estimate of $428.76 million. Pegasystems had a net margin of 5.32% and a return on equity of 45.00%. Sell-side analysts expect that Pegasystems Inc. will post 1.5 earnings per share for the current fiscal year.

Pegasystems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date was Thursday, March 28th. Pegasystems’s dividend payout ratio is currently 14.63%.

Wall Street Analyst Weigh In

PEGA has been the subject of a number of analyst reports. Barclays lifted their target price on shares of Pegasystems from $66.00 to $69.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. The Goldman Sachs Group increased their price objective on Pegasystems from $50.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Wedbush restated an “outperform” rating and issued a $90.00 target price on shares of Pegasystems in a report on Friday, April 26th. StockNews.com raised Pegasystems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 13th. Finally, Royal Bank of Canada lifted their price target on shares of Pegasystems from $65.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Pegasystems has a consensus rating of “Moderate Buy” and an average price target of $72.33.

Institutional Investors Weigh In On Pegasystems

Hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC increased its stake in Pegasystems by 80.1% during the fourth quarter. Quadrant Capital Group LLC now owns 508 shares of the technology company’s stock valued at $25,000 after acquiring an additional 226 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Pegasystems by 219.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock valued at $26,000 after purchasing an additional 364 shares during the period. Headlands Technologies LLC bought a new stake in shares of Pegasystems during the fourth quarter valued at approximately $26,000. Harvest Fund Management Co. Ltd bought a new position in Pegasystems in the fourth quarter worth $44,000. Finally, CWM LLC boosted its stake in Pegasystems by 80.1% during the third quarter. CWM LLC now owns 1,160 shares of the technology company’s stock worth $50,000 after buying an additional 516 shares in the last quarter. Institutional investors own 46.89% of the company’s stock.

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.