Insider Selling: Pegasystems Inc. (NASDAQ:PEGA) CFO Sells 2,000 Shares of Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 2,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $78.31, for a total value of $156,620.00. Following the transaction, the chief financial officer now owns 13,765 shares in the company, valued at $1,077,937.15. This trade represents a 12.69 % decrease in their position. The sale was disclosed in a filing 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 stock was 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 transaction 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 Up 0.8 %

Shares of Pegasystems stock traded up $0.63 during mid-day trading on Tuesday, hitting $77.63. The stock had a trading volume of 744,365 shares, compared to its average volume of 592,935. The firm has a 50-day moving average of $95.77 and a two-hundred day moving average of $85.14. The firm has a market cap of $6.67 billion, a P/E ratio of 76.86 and a beta of 1.11. Pegasystems Inc. has a 12-month low of $54.55 and a 12-month high of $113.67.

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

Pegasystems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were paid 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 dividend payout ratio (DPR) is presently 11.88%.

Analyst Ratings Changes

PEGA has been the topic of several research reports. StockNews.com downgraded Pegasystems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Citigroup lifted their target price on shares of Pegasystems from $99.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Rosenblatt Securities upped 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. Barclays decreased their price target on shares of Pegasystems from $103.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Finally, KeyCorp restated an “overweight” rating and set a $118.00 price target on shares of Pegasystems in a research report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $99.36.

Institutional Investors Weigh In On Pegasystems

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Private Advisor Group LLC acquired a new stake in Pegasystems in the 3rd quarter valued at approximately $310,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Pegasystems during the third quarter worth $604,000. New York State Teachers Retirement System grew its stake in shares of Pegasystems by 5.4% in the third quarter. New York State Teachers Retirement System now owns 4,099 shares of the technology company’s stock valued at $300,000 after buying an additional 211 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Pegasystems by 19.4% in the third quarter. Farther Finance Advisors LLC now owns 2,306 shares of the technology company’s stock valued at $169,000 after buying an additional 374 shares in the last quarter. Finally, Greenwood Capital Associates LLC purchased a new stake in shares of Pegasystems in the 3rd quarter valued at $436,000. 46.89% of the stock is owned by hedge funds and other institutional investors.

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.