Efstathios A. Kouninis Sells 299 Shares of Pegasystems Inc. (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios A. Kouninis sold 299 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $96.90, for a total transaction of $28,973.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Efstathios A. Kouninis also recently made the following trade(s):

• On Tuesday, November 5th, Efstathios A. Kouninis sold 528 shares of Pegasystems stock. The shares were sold at an average price of $83.00, for a total value of $43,824.00.
• On Friday, October 25th, Efstathios A. Kouninis sold 303 shares of Pegasystems stock. The stock was sold at an average price of $81.00, for a total transaction of $24,543.00.

Pegasystems Price Performance

Shares of Pegasystems stock opened at $92.40 on Thursday. Pegasystems Inc. has a 1 year low of $44.07 and a 1 year high of $97.94. The company has a 50-day moving average of $86.28 and a 200 day moving average of $72.19. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of 67.45 and a beta of 1.09.

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

Pegasystems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.13%. Pegasystems’s payout ratio is currently 8.76%.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

A number of brokerages have recently commented on PEGA. Wedbush upped their price target on Pegasystems from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. StockNews.com upgraded shares of Pegasystems from a “hold” rating to a “buy” rating in a report on Thursday, November 21st. Citigroup increased their target price on Pegasystems from $99.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday. Rosenblatt Securities increased their price target 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. Finally, Barclays raised their price target on shares of Pegasystems from $74.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $89.00.

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.