Pegasystems Inc. (NASDAQ:PEGA) CFO Sells $188,000.00 in Stock

Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) CFO Kenneth Stillwell sold 2,000 shares of Pegasystems stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $94.00, for a total value of $188,000.00. Following the transaction, the chief financial officer now owns 16,466 shares in the company, valued at $1,547,804. This represents a 10.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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.
• On Monday, December 2nd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The stock was sold at an average price of $94.60, for a total transaction of $189,200.00.
• On Friday, October 25th, Kenneth Stillwell sold 5,792 shares of Pegasystems stock. The shares were sold at an average price of $79.15, for a total transaction of $458,436.80.

Pegasystems Stock Up 1.6 %

PEGA stock traded up $1.52 during mid-day trading on Friday, reaching $94.50. 531,491 shares of the stock traded hands, compared to its average volume of 553,396. The firm has a market capitalization of $8.10 billion, a PE ratio of 68.98 and a beta of 1.09. The business has a 50-day moving average of $91.18 and a two-hundred day moving average of $75.12. Pegasystems Inc. has a 52 week low of $44.07 and a 52 week high of $97.94.

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

Pegasystems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend is Thursday, January 2nd. Pegasystems's dividend payout ratio (DPR) is presently 8.76%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PEGA shares. Rosenblatt Securities increased their price objective on Pegasystems from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Citigroup lifted their price target on Pegasystems from $99.00 to $123.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. StockNews.com upgraded Pegasystems from a "hold" rating to a "buy" rating in a report on Thursday, November 21st. Barclays lifted their target price on shares of Pegasystems from $74.00 to $82.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Finally, Wedbush raised their price target on shares of Pegasystems from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $91.50.

Institutional Trading of Pegasystems

Several hedge funds and other institutional investors have recently bought and sold shares of PEGA. Greenwood Capital Associates LLC bought a new stake in shares of Pegasystems in the third quarter valued at about $436,000. Crossmark Global Holdings Inc. lifted its position in shares of Pegasystems by 110.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 25,195 shares of the technology company's stock worth $1,842,000 after acquiring an additional 13,200 shares during the period. Foundry Partners LLC acquired a new stake in shares of Pegasystems during the 3rd quarter worth approximately $9,567,000. Pacer Advisors Inc. acquired a new stake in shares of Pegasystems during the 2nd quarter worth approximately $67,968,000. Finally, Versor Investments LP bought a new stake in shares of Pegasystems during the third quarter valued at approximately $497,000. 46.89% of the stock is currently owned by institutional investors and hedge funds.

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.