Kenneth Stillwell Sells 2,000 Shares of Pegasystems Inc. (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGAGet Free Report) CFO Kenneth Stillwell sold 2,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $94.00, for a total transaction of $188,000.00. Following the sale, the chief financial officer now directly owns 16,466 shares of the company’s stock, valued at $1,547,804. This represents a 10.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Kenneth Stillwell also recently made the following trade(s):

  • On Tuesday, December 10th, Kenneth Stillwell sold 6,200 shares of Pegasystems stock. The shares were sold at an average price of $94.67, for a total transaction of $586,954.00.
  • On Monday, December 2nd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The stock was sold at an average price of $94.60, for a total transaction of $189,200.00.
  • On Friday, October 25th, Kenneth Stillwell sold 5,792 shares of Pegasystems stock. The shares were sold at an average price of $79.15, for a total transaction of $458,436.80.

Pegasystems Trading Up 1.6 %

PEGA opened at $94.50 on Monday. Pegasystems Inc. has a 1-year low of $44.07 and a 1-year high of $97.94. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 68.98 and a beta of 1.09. The company’s fifty day moving average price is $91.18 and its two-hundred day moving average price is $75.25.

Pegasystems (NASDAQ:PEGAGet Free Report) last posted its earnings results 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. The company had revenue of $325.10 million for the quarter, compared to analyst estimates of $326.16 million. Pegasystems had a net margin of 8.29% and a return on equity of 37.83%. The firm’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 EPS. As a group, equities analysts forecast that Pegasystems Inc. will post 1.61 earnings per share for the current fiscal year.

Pegasystems Announces Dividend

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

Institutional Investors Weigh In On Pegasystems

Several institutional investors have recently bought and sold shares of PEGA. Optimist Retirement Group LLC lifted its stake in Pegasystems by 5.0% during the 2nd quarter. Optimist Retirement Group LLC now owns 3,434 shares of the technology company’s stock valued at $208,000 after acquiring an additional 165 shares in the last quarter. New York State Teachers Retirement System raised its holdings in shares of Pegasystems by 5.4% in the third quarter. New York State Teachers Retirement System now owns 4,099 shares of the technology company’s stock valued at $300,000 after purchasing an additional 211 shares during the last quarter. Venturi Wealth Management LLC lifted its position in shares of Pegasystems by 49.1% during the third quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company’s stock valued at $48,000 after purchasing an additional 216 shares in the last quarter. Headlands Technologies LLC boosted its holdings in Pegasystems by 29.9% during the second quarter. Headlands Technologies LLC now owns 1,129 shares of the technology company’s stock worth $68,000 after purchasing an additional 260 shares during the last quarter. Finally, Arizona State Retirement System grew its position in Pegasystems by 2.3% in the 2nd quarter. Arizona State Retirement System now owns 11,744 shares of the technology company’s stock worth $711,000 after purchasing an additional 262 shares in the last quarter. Institutional investors own 46.89% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Barclays boosted their price objective on Pegasystems from $74.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Rosenblatt Securities boosted their price target on Pegasystems from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada raised their price objective on shares of Pegasystems from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday. Citigroup boosted their target price on shares of Pegasystems from $99.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Wedbush raised their price target on shares of Pegasystems from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

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About Pegasystems

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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.

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