Insider Selling: Pegasystems Inc. (NASDAQ:PEGA) Chairman Sells 31,500 Shares of Stock

Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) Chairman Alan Trefler sold 31,500 shares of the firm's stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $68.41, for a total transaction of $2,154,915.00. Following the sale, the chairman now directly owns 17,184,614 shares in the company, valued at approximately $1,175,599,443.74. The trade was a 0.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 shares were sold at an average price of $70.93, for a total transaction 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 Stock Up 0.4 %

Shares of NASDAQ PEGA traded up $0.35 during midday trading on Friday, reaching $91.69. 1,276,327 shares of the company's stock traded hands, compared to its average volume of 691,355. The company has a market cap of $7.80 billion, a price-to-earnings ratio of 90.78 and a beta of 1.22. The stock's 50 day simple moving average is $73.26 and its 200-day simple moving average is $85.60. Pegasystems Inc. has a one year low of $55.71 and a one year high of $113.67.

Pegasystems (NASDAQ:PEGA - Get Free Report) last announced its quarterly 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%. Equities analysts predict that Pegasystems Inc. will post 1.89 EPS for the current fiscal year.

Pegasystems Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were issued a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 0.07%. The ex-dividend date of this dividend was Tuesday, April 1st. Pegasystems's dividend payout ratio is currently 5.83%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PEGA. Barclays reiterated a "positive" rating on shares of Pegasystems in a research report on Thursday. Citigroup dropped their price objective on shares of Pegasystems from $119.00 to $107.00 and set a "buy" rating for the company in a research note on Tuesday. Loop Capital reissued a "buy" rating and set a $105.00 target price (up previously from $85.00) on shares of Pegasystems in a research report on Thursday. StockNews.com raised shares of Pegasystems from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Rosenblatt Securities cut their price target on shares of Pegasystems from $115.00 to $95.00 and set a "buy" rating on the stock in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.27.

Institutional Trading of Pegasystems

Large investors have recently bought and sold shares of the stock. Principal Securities Inc. raised its stake in shares of Pegasystems by 150.5% during the 4th quarter. Principal Securities Inc. now owns 278 shares of the technology company's stock valued at $26,000 after buying an additional 167 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Pegasystems by 85.6% during the 4th 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 period. CX Institutional purchased a new stake in Pegasystems during the first quarter worth about $36,000. GAMMA Investing LLC grew its position in shares of Pegasystems by 50.5% in 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 stake in Pegasystems during the 4th quarter worth approximately $61,000. Hedge funds and other institutional investors own 46.89% of the company's stock.

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.