Pegasystems Inc. (NASDAQ:PEGA) Insider Leon Trefler Sells 752 Shares

Pegasystems Inc. (NASDAQ:PEGA) insider Leon Trefler sold 752 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $94.60, for a total value of $71,139.20. Following the completion of the sale, the insider now owns 36,884 shares in the company, valued at approximately $3,489,226.40. This represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, November 1st, Leon Trefler sold 8,288 shares of Pegasystems stock. The stock was sold at an average price of $81.23, for a total value of $673,234.24.
• On Monday, September 30th, Leon Trefler sold 752 shares of Pegasystems stock. The shares were sold at an average price of $72.00, for a total transaction of $54,144.00.

Pegasystems Stock Performance

Shares of NASDAQ:PEGA traded up $1.03 during mid-day trading on Tuesday, hitting $95.51. The stock had a trading volume of 482,488 shares, compared to its average volume of 543,026. The company’s 50 day moving average is $80.60 and its 200-day moving average is $69.29. Pegasystems Inc. has a 12-month low of $44.07 and a 12-month high of $97.00. The company has a market cap of $8.19 billion, a PE ratio of 69.72 and a beta of 1.09.

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

Pegasystems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.13%. The ex-dividend date of this dividend was Tuesday, October 1st. Pegasystems’s dividend payout ratio is currently 8.76%.

Analyst Ratings Changes

Several research firms have commented on PEGA. Rosenblatt Securities raised their target price 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. Wedbush raised their price objective on shares of Pegasystems from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. StockNews.com upgraded Pegasystems from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st. Barclays lifted their price target on Pegasystems from $74.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Citigroup upped their price objective on Pegasystems from $87.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.90.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. True Wealth Design LLC acquired a new stake in shares of Pegasystems during the 3rd quarter valued at $27,000. Venturi Wealth Management LLC raised its stake in shares of 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 purchasing an additional 216 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of Pegasystems during the 3rd quarter valued at about $57,000. Capital Performance Advisors LLP bought a new stake in shares of Pegasystems in the 3rd quarter valued at approximately $67,000. Finally, Headlands Technologies LLC increased its holdings in 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 last quarter. 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.