Kenneth Stillwell Sells 2,000 Shares of Pegasystems Inc. (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 2,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $78.31, for a total transaction of $156,620.00. Following the completion of the transaction, the chief financial officer now owns 13,765 shares of the company’s stock, valued at approximately $1,077,937.15. This represents a 12.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, February 14th, Kenneth Stillwell sold 7,742 shares of Pegasystems stock. The shares were sold at an average price of $84.72, for a total transaction 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 transaction of $211,260.00.
• On Thursday, January 2nd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The stock was sold at an average price of $94.00, for a total value of $188,000.00.
• On Tuesday, December 10th, Kenneth Stillwell sold 6,200 shares of Pegasystems stock. The stock was sold at an average price of $94.67, for a total value of $586,954.00.

Pegasystems Stock Performance

NASDAQ:PEGA opened at $79.33 on Thursday. Pegasystems Inc. has a one year low of $54.55 and a one year high of $113.67. The stock has a market cap of $6.81 billion, a PE ratio of 78.54 and a beta of 1.11. The stock has a 50 day moving average price of $95.11 and a 200 day moving average price of $85.17.

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

Pegasystems Dividend Announcement

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

Wall Street Analysts Forecast Growth

PEGA has been the subject of a number of analyst reports. Royal Bank of Canada upped their price target on Pegasystems from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. JMP Securities restated a “market outperform” rating and set a $110.00 price objective on shares of Pegasystems in a research report on Thursday, February 13th. 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. StockNews.com cut shares of Pegasystems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, KeyCorp reissued an “overweight” rating and set a $118.00 target price on shares of Pegasystems in a report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $99.36.

Institutional Investors Weigh In On Pegasystems

Several hedge funds and other institutional investors have recently bought and sold shares of PEGA. Private Advisor Group LLC acquired a new stake in Pegasystems during the third quarter worth about $310,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Pegasystems during the third quarter worth $604,000. New York State Teachers Retirement System increased its stake in Pegasystems by 5.4% during the third quarter. New York State Teachers Retirement System now owns 4,099 shares of the technology company’s stock worth $300,000 after acquiring an additional 211 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Pegasystems by 19.4% during the third quarter. Farther Finance Advisors LLC now owns 2,306 shares of the technology company’s stock worth $169,000 after acquiring an additional 374 shares during the last quarter. Finally, Greenwood Capital Associates LLC acquired a new stake in Pegasystems during the third quarter worth $436,000. 46.89% of the stock is currently owned by institutional investors and hedge funds.

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.