Pegasystems Inc. (NASDAQ:PEGA) CAO Sells $54,067.50 in Stock

Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios A. Kouninis sold 750 shares of Pegasystems stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $72.09, for a total transaction of $54,067.50. Following the sale, the chief accounting officer now owns 752 shares in the company, valued at approximately $54,211.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Pegasystems Stock Down 2.0 %

NASDAQ PEGA opened at $67.03 on Monday. The company has a fifty day moving average of $60.08 and a two-hundred day moving average of $59.75. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of 81.74 and a beta of 1.08. Pegasystems Inc. has a 52 week low of $37.66 and a 52 week high of $72.74.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.22 by $0.30. The company had revenue of $351.20 million during the quarter, compared to analyst estimates of $323.55 million. Pegasystems had a net margin of 8.72% and a return on equity of 49.62%. Pegasystems’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.41) earnings per share. Equities research analysts anticipate that Pegasystems Inc. will post 1.55 EPS for the current year.

Pegasystems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date was Monday, July 1st. Pegasystems’s dividend payout ratio is currently 14.63%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PEGA. Wedbush reiterated an “outperform” rating and set a $90.00 price objective on shares of Pegasystems in a research report on Monday, July 29th. The Goldman Sachs Group raised their target price on shares of Pegasystems from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Friday, July 26th. JMP Securities raised shares of Pegasystems from a “market perform” rating to an “outperform” rating and set a $85.00 target price for the company in a report on Wednesday, July 31st. William Blair raised shares of Pegasystems from a “market perform” rating to an “outperform” rating in a report on Tuesday, July 30th. Finally, Rosenblatt Securities raised their target price on shares of Pegasystems from $75.00 to $90.00 and gave the company a “buy” rating in a 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 company’s stock. According to data from MarketBeat, Pegasystems currently has an average rating of “Moderate Buy” and an average target price of $82.60.

Institutional Trading of Pegasystems

A number of large investors have recently made changes to their positions in PEGA. SG Americas Securities LLC purchased a new stake in shares of Pegasystems during the fourth quarter valued at $201,000. New York State Teachers Retirement System purchased a new stake in shares of Pegasystems during the fourth quarter valued at $85,000. DekaBank Deutsche Girozentrale boosted its stake in shares of Pegasystems by 75.9% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 4,634 shares of the technology company’s stock valued at $226,000 after purchasing an additional 2,000 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Pegasystems by 3.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 946,109 shares of the technology company’s stock valued at $46,227,000 after purchasing an additional 31,925 shares during the period. Finally, Cornercap Investment Counsel Inc. boosted its stake in shares of Pegasystems by 7.8% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 21,820 shares of the technology company’s stock valued at $1,066,000 after purchasing an additional 1,572 shares during the period. 46.89% of the stock is owned by hedge funds and other institutional investors.

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.