Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell Sells 7,742 Shares

Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) CFO Kenneth Stillwell sold 7,742 shares of the firm's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $84.72, for a total value of $655,902.24. Following the transaction, the chief financial officer now owns 14,466 shares of the company's stock, valued at approximately $1,225,559.52. The trade was a 34.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 value 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 value 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 value of $586,954.00.
• On Monday, December 2nd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were sold at an average price of $94.60, for a total value of $189,200.00.

Pegasystems Stock Down 4.4 %

PEGA stock traded down $3.61 during trading on Friday, hitting $77.89. 893,730 shares of the company's stock traded hands, compared to its average volume of 1,015,524. The firm has a market capitalization of $6.69 billion, a P/E ratio of 77.12 and a beta of 1.11. The business has a fifty day simple moving average of $98.16 and a two-hundred day simple moving average of $84.30. Pegasystems Inc. has a 1 year low of $54.55 and a 1 year high of $113.67.

Pegasystems (NASDAQ:PEGA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.27 earnings per share (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 research analysts predict that Pegasystems Inc. will post 1.89 EPS for the current fiscal year.

Pegasystems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.15%. The ex-dividend date of this dividend was Thursday, January 2nd. Pegasystems's dividend payout ratio is currently 11.88%.

Wall Street Analysts Forecast Growth

PEGA has been the subject of several recent research reports. Wedbush lifted their price target on Pegasystems from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Barclays dropped their price target 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. KeyCorp reissued an "overweight" rating and issued a $118.00 price objective on shares of Pegasystems in a research note on Tuesday, January 14th. JMP Securities reissued a "market outperform" rating and issued a $110.00 price objective on shares of Pegasystems in a research note on Thursday, February 13th. Finally, Royal Bank of Canada raised their price objective 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. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $99.36.

Hedge Funds Weigh In On Pegasystems

Several institutional investors and hedge funds have recently bought and sold shares of the company. Treasurer of the State of North Carolina grew its holdings in Pegasystems by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 19,597 shares of the technology company's stock worth $1,826,000 after purchasing an additional 120 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Pegasystems by 2.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,875 shares of the technology company's stock worth $548,000 after purchasing an additional 139 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Pegasystems by 1.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,401 shares of the technology company's stock worth $783,000 after purchasing an additional 141 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Pegasystems by 85.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company's stock worth $30,000 after purchasing an additional 149 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in Pegasystems by 1.2% in the fourth quarter. Arizona State Retirement System now owns 12,394 shares of the technology company's stock worth $1,155,000 after purchasing an additional 152 shares during the last quarter. 46.89% of the stock is owned by hedge funds and other institutional investors.

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.