Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios A. Kouninis Sells 528 Shares

Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios A. Kouninis sold 528 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $83.00, for a total transaction of $43,824.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 Trading Up 1.6 %

Shares of Pegasystems stock opened at $85.70 on Thursday. The stock has a fifty day simple moving average of $72.55 and a 200 day simple moving average of $65.50. The company has a market capitalization of $7.35 billion, a P/E ratio of 62.55 and a beta of 1.06. Pegasystems Inc. has a 12-month low of $44.00 and a 12-month high of $87.19.

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

Pegasystems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend was Tuesday, October 1st. Pegasystems’s dividend payout ratio is currently 8.76%.

Wall Street Analysts Forecast Growth

PEGA has been the subject of a number of analyst reports. DA Davidson raised their price objective on shares of Pegasystems from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. JMP Securities raised Pegasystems from a “market perform” rating to an “outperform” rating and set a $85.00 price target on the stock in a research note on Wednesday, July 31st. Royal Bank of Canada lifted their target price on shares of Pegasystems from $77.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Barclays lifted their price objective on shares of Pegasystems from $74.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, Wedbush lifted their price objective on Pegasystems from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.90.

Institutional Investors Weigh In On Pegasystems

Hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in shares of Pegasystems by 0.9% in the third quarter. Victory Capital Management Inc. now owns 60,383 shares of the technology company’s stock valued at $4,413,000 after acquiring an additional 542 shares during the period. Cumberland Partners Ltd bought a new position in Pegasystems in the third quarter worth about $1,462,000. GSA Capital Partners LLP lifted its holdings in Pegasystems by 136.7% in the third quarter. GSA Capital Partners LLP now owns 40,066 shares of the technology company’s stock worth $2,928,000 after buying an additional 23,141 shares during the period. Versor Investments LP bought a new stake in Pegasystems during the 3rd quarter valued at approximately $497,000. Finally, Venturi Wealth Management LLC boosted 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. Institutional investors own 46.89% of the company’s stock.

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.