Pegasystems Inc. (NASDAQ:PEGA) Insider Sells $155,006.85 in Stock

Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) insider Leon Trefler sold 2,049 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $75.65, for a total transaction of $155,006.85. Following the completion of the transaction, the insider now owns 52,019 shares in the company, valued at approximately $3,935,237.35. The trade was a 3.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, December 31st, Leon Trefler sold 752 shares of Pegasystems stock. The stock was sold at an average price of $93.83, for a total transaction of $70,560.16.

Pegasystems Stock Performance

Shares of NASDAQ PEGA traded down $0.88 during midday trading on Friday, hitting $75.98. 1,246,434 shares of the company's stock traded hands, compared to its average volume of 599,077. Pegasystems Inc. has a 1 year low of $54.55 and a 1 year high of $113.67. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 75.23 and a beta of 1.25. The firm has a fifty day moving average of $94.37 and a 200 day moving average of $85.16.

Pegasystems (NASDAQ:PEGA - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.27 EPS 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%. On average, equities analysts anticipate that Pegasystems Inc. will post 1.89 earnings per share for the current year.

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Pegasystems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend was Thursday, January 2nd. Pegasystems's dividend payout ratio is 11.88%.

Institutional Investors Weigh In On Pegasystems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fluent Financial LLC purchased a new stake in Pegasystems in the 4th quarter worth approximately $668,000. Castleark Management LLC boosted its stake in Pegasystems by 14.7% in the 4th quarter. Castleark Management LLC now owns 95,630 shares of the technology company's stock worth $8,913,000 after purchasing an additional 12,220 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Pegasystems by 19.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 132,070 shares of the technology company's stock worth $12,309,000 after purchasing an additional 21,535 shares during the period. Woodline Partners LP bought a new position in Pegasystems in the 4th quarter worth approximately $1,843,000. Finally, Tidal Investments LLC boosted its stake in Pegasystems by 70.6% in the 4th quarter. Tidal Investments LLC now owns 7,240 shares of the technology company's stock worth $675,000 after purchasing an additional 2,995 shares during the period. 46.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PEGA has been the subject of a number of recent analyst reports. Citigroup boosted their target price on Pegasystems from $99.00 to $123.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. KeyCorp reissued an "overweight" rating and issued a $118.00 target price on shares of Pegasystems in a research report on Tuesday, January 14th. StockNews.com lowered Pegasystems from a "strong-buy" rating to a "buy" rating in a research report on Tuesday. Rosenblatt Securities boosted their target price on Pegasystems from $95.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Finally, Barclays decreased their target price on Pegasystems from $103.00 to $97.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.