Insider Selling: Pegasystems Inc. (NASDAQ:PEGA) Insider Sells 752 Shares of Stock

Pegasystems Inc. (NASDAQ:PEGA) insider Leon Trefler sold 752 shares of the firm’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $93.83, for a total transaction of $70,560.16. Following the sale, the insider now directly owns 37,973 shares of the company’s stock, valued at approximately $3,563,006.59. The trade was a 1.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, December 2nd, Leon Trefler sold 752 shares of Pegasystems stock. The shares were sold at an average price of $94.60, for a total value of $71,139.20.
• On Friday, November 1st, Leon Trefler sold 8,288 shares of Pegasystems stock. The stock was sold at an average price of $81.23, for a total value of $673,234.24.

Pegasystems Price Performance

Shares of NASDAQ PEGA opened at $94.50 on Friday. The firm has a market capitalization of $8.10 billion, a PE ratio of 68.98 and a beta of 1.09. Pegasystems Inc. has a 1-year low of $44.07 and a 1-year high of $97.94. The business’s fifty day moving average price is $91.18 and its two-hundred day moving average price is $75.12.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Pegasystems had a net margin of 8.29% and a return on equity of 37.83%. The business had revenue of $325.10 million for the quarter, compared to analysts’ expectations of $326.16 million. During the same quarter last year, the company earned $0.14 EPS. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities research analysts expect that Pegasystems Inc. will post 1.61 earnings per share for the current fiscal year.

Pegasystems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors 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 8.76%.

Institutional Trading of Pegasystems

Hedge funds have recently added to or reduced their stakes in the business. True Wealth Design LLC acquired a new position in shares of Pegasystems during the third quarter valued at $27,000. Venturi Wealth Management LLC increased its stake in Pegasystems by 49.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company’s stock valued at $48,000 after buying an additional 216 shares during the period. Financial Management Professionals Inc. bought a new stake in shares of Pegasystems during the 3rd quarter worth about $57,000. Capital Performance Advisors LLP acquired a new stake in shares of Pegasystems in the 3rd quarter worth approximately $67,000. Finally, Headlands Technologies LLC boosted its holdings in shares of Pegasystems by 29.9% in the second quarter. Headlands Technologies LLC now owns 1,129 shares of the technology company’s stock valued at $68,000 after acquiring an additional 260 shares in the last quarter. Institutional investors own 46.89% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Royal Bank of Canada upped their target price on Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday. Rosenblatt Securities increased their price objective on shares of Pegasystems from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, October 25th. StockNews.com raised shares of Pegasystems from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st. Wedbush increased their price target on shares of Pegasystems from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Citigroup boosted their price objective on Pegasystems from $99.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.50.

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.