Pegasystems Inc. (NASDAQ:PEGA) Chairman Alan Trefler Sells 31,500 Shares

Pegasystems Inc. (NASDAQ:PEGA) Chairman Alan Trefler sold 31,500 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $77.38, for a total value of $2,437,470.00. Following the completion of the transaction, the chairman now owns 17,308,786 shares in the company, valued at $1,339,353,860.68. This represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Pegasystems Stock Performance

NASDAQ PEGA traded down $2.50 on Thursday, reaching $76.37. The company had a trading volume of 746,301 shares, compared to its average volume of 991,999. The company’s fifty day moving average is $96.81 and its 200-day moving average is $84.80. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 75.61 and a beta of 1.11. Pegasystems Inc. has a 1-year low of $54.55 and a 1-year high of $113.67.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.20). Pegasystems had a net margin of 6.63% and a return on equity of 32.09%. On average, research analysts forecast that Pegasystems Inc. will post 1.89 earnings per share for the current year.

Pegasystems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were paid a dividend of $0.03 per share. The ex-dividend date was Thursday, January 2nd. This represents a $0.12 annualized dividend and a dividend yield of 0.16%. Pegasystems’s dividend payout ratio is currently 11.88%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on PEGA shares. Barclays cut their target price on Pegasystems from $103.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Citigroup increased their price target 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. KeyCorp restated an “overweight” rating and set a $118.00 price objective on shares of Pegasystems in a report on Tuesday, January 14th. Rosenblatt Securities increased their target price on shares of Pegasystems from $95.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Royal Bank of Canada boosted their price target on shares of Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $99.36.

Institutional Trading of Pegasystems

Institutional investors have recently made changes to their positions in the business. Greenwood Capital Associates LLC bought a new position in Pegasystems in the third quarter valued at $436,000. Crossmark Global Holdings Inc. increased its position in shares of Pegasystems by 110.0% in the third quarter. Crossmark Global Holdings Inc. now owns 25,195 shares of the technology company’s stock valued at $1,842,000 after acquiring an additional 13,200 shares during the last quarter. Foundry Partners LLC acquired a new stake in shares of Pegasystems in the third quarter valued at about $9,567,000. Kestra Investment Management LLC raised its holdings in Pegasystems by 32.8% during the fourth quarter. Kestra Investment Management LLC now owns 16,230 shares of the technology company’s stock worth $1,513,000 after acquiring an additional 4,011 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in Pegasystems by 9.9% during the fourth quarter. Nordea Investment Management AB now owns 88,554 shares of the technology company’s stock valued at $8,353,000 after purchasing an additional 7,947 shares during 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.