Pegasystems Inc. (NASDAQ:PEGA) CFO Sells $139,500.00 in Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $69.75, for a total transaction of $139,500.00. Following the completion of the sale, the chief financial officer now owns 21,245 shares of the company’s stock, valued at $1,481,838.75. The trade was a 8.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Kenneth Stillwell also recently made the following trade(s):

• On Monday, March 3rd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were sold at an average price of $78.31, for a total transaction of $156,620.00.
• On Friday, February 14th, Kenneth Stillwell sold 7,742 shares of Pegasystems stock. The stock was sold at an average price of $84.72, for a total value of $655,902.24.
• On Monday, February 3rd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were sold at an average price of $105.63, for a total value of $211,260.00.

Pegasystems Stock Down 5.4 %

Pegasystems stock traded down $3.93 during mid-day trading on Thursday, hitting $68.26. 1,016,142 shares of the company’s stock were exchanged, compared to its average volume of 642,137. The company’s 50 day simple moving average is $85.29 and its 200-day simple moving average is $85.74. The firm has a market capitalization of $5.86 billion, a P/E ratio of 67.58 and a beta of 1.25. Pegasystems Inc. has a fifty-two week low of $54.55 and a fifty-two week high of $113.67.

Pegasystems (NASDAQ:PEGA) last released 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 return on equity of 32.09% and a net margin of 6.63%. Research analysts expect that Pegasystems Inc. will post 1.89 EPS for the current year.

Pegasystems Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.09%. The ex-dividend date is Tuesday, April 1st. Pegasystems’s dividend payout ratio (DPR) is presently 11.88%.

Institutional Investors Weigh In On Pegasystems

Large investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC increased its holdings in Pegasystems by 4.9% during the 4th quarter. Sanctuary Advisors LLC now owns 4,667 shares of the technology company’s stock worth $435,000 after purchasing an additional 219 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of Pegasystems by 48.0% during the fourth quarter. Global Retirement Partners LLC now owns 789 shares of the technology company’s stock worth $74,000 after buying an additional 256 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Pegasystems by 9.7% during the fourth quarter. Principal Financial Group Inc. now owns 3,993 shares of the technology company’s stock worth $372,000 after buying an additional 354 shares in the last quarter. Kestra Investment Management LLC raised its position in Pegasystems by 32.8% in the 4th quarter. Kestra Investment Management LLC now owns 16,230 shares of the technology company’s stock valued at $1,513,000 after buying an additional 4,011 shares during the last quarter. Finally, Swiss National Bank lifted its stake in Pegasystems by 1.2% in the 4th quarter. Swiss National Bank now owns 84,000 shares of the technology company’s stock valued at $7,829,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 46.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. KeyCorp reiterated an “overweight” rating and issued a $118.00 price target on shares of Pegasystems in a report on Tuesday, January 14th. StockNews.com lowered shares of Pegasystems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Barclays dropped their price target on shares of Pegasystems from $103.00 to $97.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Citigroup increased their price objective on shares of Pegasystems from $99.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Rosenblatt Securities lifted 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. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Pegasystems presently has an average rating of “Moderate Buy” and an average price target of $99.36.

About Pegasystems

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.