Insider Selling: Pegasystems Inc. (NASDAQ:PEGA) Insider Sells 2,049 Shares of Stock

Pegasystems Inc. (NASDAQ:PEGA) insider Leon Trefler sold 2,049 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $75.65, for a total transaction of $155,006.85. Following the transaction, the insider now directly owns 52,019 shares in the company, valued at approximately $3,935,237.35. This represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Tuesday, December 31st, Leon Trefler sold 752 shares of Pegasystems stock. The stock was sold at an average price of $93.83, for a total transaction of $70,560.16.

Pegasystems Trading Up 0.8 %

NASDAQ PEGA traded up $0.63 during trading on Tuesday, hitting $77.63. 744,365 shares of the company’s stock were exchanged, compared to its average volume of 592,935. The stock’s 50 day moving average price is $95.77 and its two-hundred day moving average price is $85.14. Pegasystems Inc. has a fifty-two week low of $54.55 and a fifty-two week high of $113.67. The company has a market cap of $6.67 billion, a PE ratio of 76.86 and a beta of 1.11.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.27 earnings per share (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%. Analysts forecast that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Pegasystems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.15%. The ex-dividend date of this dividend was Thursday, January 2nd. Pegasystems’s dividend payout ratio (DPR) is 11.88%.

Institutional Investors Weigh In On Pegasystems

A number of hedge funds and other institutional investors have recently bought and sold shares of PEGA. Principal Securities Inc. raised its position in Pegasystems by 150.5% in the fourth quarter. Principal Securities Inc. now owns 278 shares of the technology company’s stock valued at $26,000 after purchasing an additional 167 shares during the last quarter. True Wealth Design LLC acquired a new position in shares of Pegasystems in the third quarter valued at approximately $27,000. EverSource Wealth Advisors LLC increased its stake in shares of Pegasystems by 85.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company’s stock valued at $30,000 after buying an additional 149 shares during the period. Venturi Wealth Management LLC raised its holdings in Pegasystems by 49.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company’s stock valued at $48,000 after buying an additional 216 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Pegasystems during the 4th quarter worth approximately $61,000. Institutional investors own 46.89% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on PEGA. Royal Bank of Canada boosted their price target on Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Barclays cut their target price on Pegasystems from $103.00 to $97.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. StockNews.com cut Pegasystems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Rosenblatt Securities upped their price objective on shares of Pegasystems from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, JMP Securities reiterated a “market outperform” rating and set a $110.00 price objective on shares of Pegasystems in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.