Pegasystems Inc. (NASDAQ:PEGA) CAO Sells $24,543.00 in Stock

Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios A. Kouninis sold 303 shares of Pegasystems stock in a transaction on Friday, October 25th. The shares were sold at an average price of $81.00, for a total value of $24,543.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Pegasystems Stock Performance

Shares of NASDAQ PEGA opened at $79.44 on Friday. Pegasystems Inc. has a 1 year low of $41.73 and a 1 year high of $82.50. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 57.99 and a beta of 1.07. The stock’s 50-day simple moving average is $71.44 and its 200-day simple moving average is $64.76.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $326.16 million. During the same period in the previous year, the company earned $0.14 earnings per share. Pegasystems’s quarterly revenue was down 2.8% on a year-over-year basis. As a group, research analysts predict that Pegasystems Inc. will post 1.61 EPS for the current year.

Pegasystems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date of this dividend was Tuesday, October 1st. Pegasystems’s dividend payout ratio is presently 8.76%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PEGA. Vanguard Group Inc. lifted its holdings in Pegasystems by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 5,118,964 shares of the technology company’s stock worth $250,113,000 after buying an additional 114,848 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Pegasystems by 10.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,008 shares of the technology company’s stock worth $294,000 after buying an additional 579 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in Pegasystems during the 1st quarter worth approximately $758,000. Duality Advisers LP lifted its holdings in Pegasystems by 2.7% during the 1st quarter. Duality Advisers LP now owns 13,690 shares of the technology company’s stock worth $885,000 after buying an additional 363 shares during the last quarter. Finally, ClariVest Asset Management LLC lifted its holdings in Pegasystems by 113.2% during the 1st quarter. ClariVest Asset Management LLC now owns 39,569 shares of the technology company’s stock worth $2,558,000 after buying an additional 21,008 shares during the last quarter. Institutional investors own 46.89% of the company’s stock.

Wall Street Analyst Weigh In

PEGA has been the topic of a number of research analyst reports. Barclays lifted their target price on Pegasystems from $74.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Royal Bank of Canada raised their price objective on Pegasystems from $77.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. DA Davidson raised their price objective on Pegasystems from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Citigroup raised their price objective on Pegasystems from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Finally, JMP Securities raised Pegasystems from a “market perform” rating to an “outperform” rating and set a $85.00 price objective on the stock in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Pegasystems currently has an average rating of “Moderate Buy” and an average price target of $85.90.

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.