Pegasystems Inc. (NASDAQ:PEGA) CFO Sells $156,620.00 in Stock

Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) CFO Kenneth Stillwell sold 2,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $78.31, for a total transaction of $156,620.00. Following the transaction, the chief financial officer now owns 13,765 shares in the company, valued at $1,077,937.15. The trade was a 12.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, February 14th, Kenneth Stillwell sold 7,742 shares of Pegasystems stock. The shares were sold at an average price of $84.72, for a total transaction of $655,902.24.
• On Monday, February 3rd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were 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 shares were sold at an average price of $94.67, for a total transaction of $586,954.00.

Pegasystems Price Performance

NASDAQ:PEGA traded down $0.88 during trading hours on Friday, hitting $75.98. The company had a trading volume of 1,246,434 shares, compared to its average volume of 599,077. The company has a market capitalization of $6.53 billion, a PE ratio of 75.23 and a beta of 1.25. The stock has a 50-day moving average price of $94.37 and a 200 day moving average price of $85.16. Pegasystems Inc. has a 52 week low of $54.55 and a 52 week high of $113.67.

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Pegasystems (NASDAQ:PEGA - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.20). Pegasystems had a net margin of 6.63% and a return on equity of 32.09%. Analysts anticipate that Pegasystems Inc. will post 1.89 EPS for the current fiscal year.

Pegasystems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend was Thursday, January 2nd. Pegasystems's dividend payout ratio (DPR) is presently 11.88%.

Institutional Trading of Pegasystems

A number of hedge funds have recently modified their holdings of the business. Invesco Ltd. boosted its holdings in shares of Pegasystems by 189.0% during the 4th quarter. Invesco Ltd. now owns 2,364,242 shares of the technology company's stock valued at $220,347,000 after buying an additional 1,546,281 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Pegasystems by 23.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 860,361 shares of the technology company's stock valued at $80,188,000 after buying an additional 164,986 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Pegasystems by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 825,762 shares of the technology company's stock valued at $76,983,000 after buying an additional 6,480 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Pegasystems by 0.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 807,671 shares of the technology company's stock valued at $75,275,000 after buying an additional 4,989 shares in the last quarter. Finally, Shannon River Fund Management LLC boosted its holdings in shares of Pegasystems by 1.3% during the 4th quarter. Shannon River Fund Management LLC now owns 798,356 shares of the technology company's stock valued at $74,407,000 after buying an additional 9,989 shares in the last quarter. Institutional investors own 46.89% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. KeyCorp reiterated an "overweight" rating and set a $118.00 price target on shares of Pegasystems in a research report on Tuesday, January 14th. Rosenblatt Securities lifted their target price on shares of Pegasystems from $95.00 to $115.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Royal Bank of Canada lifted their target price on shares of Pegasystems from $90.00 to $115.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Barclays decreased their target price on shares of Pegasystems from $103.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $110.00 target price on shares of Pegasystems in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $99.36.

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.