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

Pegasystems Inc. (NASDAQ:PEGA) insider Leon Trefler sold 752 shares of Pegasystems 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 directly owns 36,884 shares in the company, valued at $3,489,226.40. This represents a 2.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 value of $54,144.00.

Pegasystems Stock Performance

Shares of NASDAQ:PEGA opened at $97.13 on Thursday. The stock has a market capitalization of $8.33 billion, a price-to-earnings ratio of 70.90 and a beta of 1.09. Pegasystems Inc. has a 1-year low of $44.07 and a 1-year high of $97.86. The company has a 50 day moving average price of $81.54 and a 200 day moving average price of $69.71.

Pegasystems (NASDAQ:PEGA) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $325.10 million during the quarter, compared to analysts’ expectations of $326.16 million. Pegasystems had a net margin of 8.29% and a return on equity of 37.83%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.14 earnings per share. On average, sell-side analysts expect that Pegasystems Inc. will post 1.61 EPS for the current fiscal year.

Pegasystems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend was Tuesday, October 1st. Pegasystems’s dividend payout ratio is 8.76%.

Hedge Funds Weigh In On Pegasystems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new position in Pegasystems in the 3rd quarter worth approximately $27,000. Venturi Wealth Management LLC boosted its stake in Pegasystems by 49.1% in 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 during the period. Financial Management Professionals Inc. acquired a new position in Pegasystems in the 3rd quarter worth approximately $57,000. Capital Performance Advisors LLP acquired a new position in Pegasystems in the 3rd quarter worth approximately $67,000. Finally, Headlands Technologies LLC boosted its stake in Pegasystems by 29.9% in the 2nd quarter. Headlands Technologies LLC now owns 1,129 shares of the technology company’s stock worth $68,000 after purchasing an additional 260 shares during the period. Institutional investors and hedge funds own 46.89% of the company’s stock.

Analyst Ratings Changes

PEGA has been the subject of several analyst reports. Wedbush boosted their price target on Pegasystems from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, October 25th. StockNews.com upgraded Pegasystems from a “hold” rating to a “buy” rating in a report on Thursday, November 21st. Citigroup boosted their price target on Pegasystems from $87.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Barclays boosted their price target on Pegasystems from $74.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, Rosenblatt Securities upped their price objective on Pegasystems from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Pegasystems presently has an average rating of “Moderate Buy” and an average price target of $85.90.

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.