Kenneth Stillwell Sells 2,000 Shares of Pegasystems Inc. (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) CFO Kenneth Stillwell sold 2,000 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $69.75, for a total transaction of $139,500.00. Following the completion of the transaction, the chief financial officer now directly owns 21,245 shares in the company, valued at $1,481,838.75. This represents a 8.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, March 3rd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were sold at an average price of $78.31, for a total transaction of $156,620.00.
• On Friday, February 14th, Kenneth Stillwell sold 7,742 shares of Pegasystems stock. The stock was 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 value of $211,260.00.

Pegasystems Trading Down 1.2 %

Shares of NASDAQ PEGA traded down $0.76 during trading on Tuesday, reaching $62.43. The company had a trading volume of 1,281,943 shares, compared to its average volume of 654,382. The stock has a market capitalization of $5.36 billion, a PE ratio of 61.81 and a beta of 1.22. Pegasystems Inc. has a twelve month low of $54.55 and a twelve month high of $113.67. The stock has a 50-day moving average price of $80.85 and a two-hundred day moving average price of $85.63.

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

Pegasystems Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a $0.015 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $0.06 annualized dividend and a yield of 0.10%. Pegasystems's payout ratio is currently 11.88%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Principal Securities Inc. increased its stake in Pegasystems by 150.5% in the fourth quarter. Principal Securities Inc. now owns 278 shares of the technology company's stock valued at $26,000 after purchasing an additional 167 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Pegasystems by 85.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company's stock valued at $30,000 after buying an additional 149 shares during the period. Global Retirement Partners LLC increased its stake in shares of Pegasystems by 48.0% during the 4th quarter. Global Retirement Partners LLC now owns 789 shares of the technology company's stock valued at $74,000 after acquiring an additional 256 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Pegasystems by 75.0% during the 4th quarter. Covestor Ltd now owns 1,493 shares of the technology company's stock worth $140,000 after acquiring an additional 640 shares during the period. Finally, KBC Group NV boosted its position in shares of Pegasystems by 28.6% in the fourth quarter. KBC Group NV now owns 1,791 shares of the technology company's stock worth $167,000 after acquiring an additional 398 shares during the last quarter. 46.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PEGA shares. JMP Securities reaffirmed a "market outperform" rating and set a $110.00 price objective on shares of Pegasystems in a report on Thursday, February 13th. Royal Bank of Canada boosted their target price on shares of Pegasystems from $90.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Barclays reduced their price objective on shares of Pegasystems from $103.00 to $97.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. KeyCorp restated an "overweight" rating and set a $118.00 target price on shares of Pegasystems in a research report on Tuesday, January 14th. Finally, Rosenblatt Securities lifted their price target on shares of Pegasystems from $95.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Three equities research 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. Based on data from MarketBeat.com, Pegasystems has an average rating of "Moderate Buy" and a consensus target price 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.