Pegasystems Inc. (NASDAQ:PEGA) Chairman Alan Trefler Sells 31,500 Shares

Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) Chairman Alan Trefler sold 31,500 shares of the firm's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $68.41, for a total transaction of $2,154,915.00. Following the transaction, the chairman now directly owns 17,184,614 shares in the company, valued at approximately $1,175,599,443.74. This trade represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, March 11th, Alan Trefler sold 31,500 shares of Pegasystems stock. The stock was sold at an average price of $70.93, for a total value of $2,234,295.00.
• On Tuesday, February 25th, Alan Trefler sold 31,500 shares of Pegasystems stock. The shares were sold at an average price of $77.38, for a total value of $2,437,470.00.

Pegasystems Price Performance

NASDAQ PEGA traded down $0.49 during trading on Friday, hitting $90.85. The company's stock had a trading volume of 372,323 shares, compared to its average volume of 690,083. Pegasystems Inc. has a fifty-two week low of $54.55 and a fifty-two week high of $113.67. The company has a market cap of $7.80 billion, a PE ratio of 89.86 and a beta of 1.22. The business's 50 day simple moving average is $73.15 and its 200-day simple moving average is $85.46.

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

Pegasystems Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.07%. The ex-dividend date was Tuesday, April 1st. Pegasystems's payout ratio is 11.88%.

Hedge Funds Weigh In On Pegasystems

A number of institutional investors have recently bought and sold shares of PEGA. Principal Securities Inc. increased its stake in shares of Pegasystems by 150.5% in the fourth quarter. Principal Securities Inc. now owns 278 shares of the technology company's stock worth $26,000 after acquiring an additional 167 shares during the period. EverSource Wealth Advisors LLC boosted 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 valued at $30,000 after purchasing an additional 149 shares during the last quarter. CX Institutional acquired a new stake in Pegasystems during the 1st quarter worth about $36,000. GAMMA Investing LLC raised its stake in shares of Pegasystems by 50.5% during the 1st quarter. GAMMA Investing LLC now owns 599 shares of the technology company's stock valued at $42,000 after buying an additional 201 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Pegasystems in the 4th quarter valued at about $61,000. 46.89% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Barclays reiterated a "positive" rating on shares of Pegasystems in a report on Thursday. KeyCorp dropped their price objective on shares of Pegasystems from $118.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Loop Capital reissued a "buy" rating and set a $105.00 price objective (up from $85.00) on shares of Pegasystems in a report on Thursday. DA Davidson upped their target price on Pegasystems from $70.00 to $90.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Wedbush reiterated an "outperform" rating and issued a $125.00 price target on shares of Pegasystems in a report on Thursday. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Pegasystems presently has a consensus rating of "Moderate Buy" and a consensus target price of $100.27.

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.