Insider Selling: Pegasystems Inc. (NASDAQ:PEGA) Insider Sells 8,288 Shares of Stock

Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) insider Leon Trefler sold 8,288 shares of Pegasystems stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $81.23, for a total value of $673,234.24. Following the transaction, the insider now owns 37,636 shares of the company's stock, valued at $3,057,172.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, September 30th, Leon Trefler sold 752 shares of Pegasystems stock. The shares were sold at an average price of $72.00, for a total value of $54,144.00.

Pegasystems Stock Performance

NASDAQ:PEGA traded down $0.28 during trading hours on Monday, reaching $81.07. The stock had a trading volume of 526,594 shares, compared to its average volume of 549,003. The stock has a market cap of $6.95 billion, a P/E ratio of 59.38 and a beta of 1.05. The stock has a 50 day simple moving average of $71.66 and a 200 day simple moving average of $65.01. Pegasystems Inc. has a 12-month low of $44.00 and a 12-month high of $82.50.

Pegasystems (NASDAQ:PEGA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. The company had revenue of $325.10 million during the quarter, compared to analyst estimates of $326.16 million. Pegasystems had a return on equity of 37.83% and a net margin of 8.29%. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 EPS. On average, equities analysts expect that Pegasystems Inc. will post 1.61 earnings per share for the current fiscal year.

Pegasystems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date of this dividend was Tuesday, October 1st. Pegasystems's payout ratio is currently 8.76%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc lifted its position in shares of Pegasystems by 15,120.0% during the second quarter. Versant Capital Management Inc now owns 761 shares of the technology company's stock worth $46,000 after acquiring an additional 756 shares in the last quarter. Headlands Technologies LLC lifted its holdings in Pegasystems by 64.0% during the 1st quarter. Headlands Technologies LLC now owns 869 shares of the technology company's stock worth $56,000 after purchasing an additional 339 shares in the last quarter. Financial Management Professionals Inc. bought a new position in Pegasystems in the 3rd quarter worth about $57,000. Capital Performance Advisors LLP purchased a new position in Pegasystems during the 3rd quarter valued at about $67,000. Finally, Covestor Ltd increased its position in shares of Pegasystems by 633.9% during the first quarter. Covestor Ltd now owns 1,233 shares of the technology company's stock valued at $80,000 after buying an additional 1,065 shares during the period. 46.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PEGA. The Goldman Sachs Group increased their price target on Pegasystems from $70.00 to $78.00 and gave the company a "neutral" rating in a research report on Friday, July 26th. 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 report on Wednesday, July 31st. DA Davidson boosted their price target on shares of Pegasystems from $60.00 to $70.00 and gave the stock a "neutral" rating in a report on Friday, July 26th. StockNews.com raised shares of Pegasystems from a "buy" rating to a "strong-buy" rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada upped their target price on Pegasystems from $77.00 to $90.00 and gave the company an "outperform" rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Pegasystems currently has an average rating of "Moderate Buy" and an average price target of $85.90.

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.

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