Pegasystems Inc. (NASDAQ:PEGA) Insider Sells $54,144.00 in Stock

Pegasystems Inc. (NASDAQ:PEGA) insider Leon Trefler sold 752 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $72.00, for a total transaction of $54,144.00. Following the completion of the transaction, the insider now directly owns 38,388 shares of the company’s stock, valued at $2,763,936. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, July 31st, Leon Trefler sold 752 shares of Pegasystems stock. The shares were sold at an average price of $72.09, for a total value of $54,211.68.

Pegasystems Stock Down 3.7 %

PEGA stock traded down $2.70 during trading hours on Tuesday, hitting $70.39. The company’s stock had a trading volume of 552,486 shares, compared to its average volume of 545,768. Pegasystems Inc. has a 12 month low of $37.66 and a 12 month high of $74.40. The stock has a 50 day moving average price of $67.98 and a two-hundred day moving average price of $63.01. The company has a market capitalization of $5.99 billion, a PE ratio of 86.65 and a beta of 1.07.

Pegasystems (NASDAQ:PEGA) last released its earnings results on Wednesday, July 24th. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.22 by $0.30. The firm had revenue of $351.20 million during the quarter, compared to analysts’ expectations of $323.55 million. Pegasystems had a net margin of 8.72% and a return on equity of 49.62%. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.41) EPS. Sell-side analysts expect that Pegasystems Inc. will post 1.54 earnings per share for the current year.

Pegasystems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.17%. The ex-dividend date of this dividend is Tuesday, October 1st. Pegasystems’s payout ratio is presently 14.63%.

Institutional Trading of Pegasystems

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bares Capital Management Inc. grew its holdings in Pegasystems by 1.6% during the fourth quarter. Bares Capital Management Inc. now owns 5,862,346 shares of the technology company’s stock valued at $286,434,000 after purchasing an additional 90,993 shares during the period. Vanguard Group Inc. boosted its position in Pegasystems by 4.9% during the first quarter. Vanguard Group Inc. now owns 5,369,237 shares of the technology company’s stock valued at $347,067,000 after purchasing an additional 250,273 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of Pegasystems in the second quarter valued at $67,968,000. Luxor Capital Group LP increased its stake in shares of Pegasystems by 7.9% during the 2nd quarter. Luxor Capital Group LP now owns 683,939 shares of the technology company’s stock worth $41,399,000 after purchasing an additional 49,861 shares during the last quarter. Finally, Ranger Investment Management L.P. increased its position in Pegasystems by 29.9% during the fourth quarter. Ranger Investment Management L.P. now owns 625,471 shares of the technology company’s stock worth $30,561,000 after buying an additional 143,986 shares during the last quarter. Institutional investors and hedge funds own 46.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PEGA shares. Wedbush reissued an “outperform” rating and set a $90.00 price target on shares of Pegasystems in a research report on Monday, July 29th. Royal Bank of Canada lifted their price target on Pegasystems from $77.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. JMP Securities raised Pegasystems from a “market perform” rating to an “outperform” rating and set a $85.00 target price on the stock in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price target on Pegasystems from $78.00 to $83.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, Rosenblatt Securities raised their price objective on Pegasystems from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.60.

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.