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

Pegasystems Inc. (NASDAQ:PEGA) insider Leon Trefler sold 752 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $72.00, for a total transaction of $54,144.00. Following the completion of the sale, the insider now directly owns 38,388 shares of the company’s stock, valued at $2,763,936. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, July 31st, Leon Trefler sold 752 shares of Pegasystems stock. The stock was sold at an average price of $72.09, for a total value of $54,211.68.

Pegasystems Stock Performance

PEGA stock opened at $70.39 on Wednesday. Pegasystems Inc. has a one year low of $37.66 and a one year high of $74.40. The company has a fifty day moving average of $68.13 and a 200-day moving average of $63.07. The stock has a market capitalization of $5.99 billion, a PE ratio of 85.84 and a beta of 1.07.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.30. Pegasystems had a net margin of 8.72% and a return on equity of 49.62%. The firm had revenue of $351.20 million during the quarter, compared to the consensus estimate of $323.55 million. During the same quarter last year, the firm earned ($0.41) earnings per share. The firm’s revenue was up 17.7% compared to the same quarter last year. Equities analysts forecast that Pegasystems Inc. will post 1.54 earnings per share for the current fiscal year.

Pegasystems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date is Tuesday, October 1st. Pegasystems’s dividend payout ratio is presently 14.63%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PEGA. Norges Bank purchased a new stake in shares of Pegasystems during the 4th quarter worth $22,784,000. PNC Financial Services Group Inc. lifted its stake in shares of Pegasystems by 10.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,008 shares of the technology company’s stock valued at $294,000 after purchasing an additional 579 shares during the period. Advisory Services Network LLC purchased a new stake in Pegasystems during the fourth quarter worth about $167,000. Allianz Asset Management GmbH boosted its holdings in Pegasystems by 14.8% during the fourth quarter. Allianz Asset Management GmbH now owns 27,950 shares of the technology company’s stock worth $1,366,000 after buying an additional 3,593 shares in the last quarter. Finally, Bank of Nova Scotia acquired a new position in Pegasystems during the fourth quarter worth about $1,076,000. Hedge funds and other institutional investors own 46.89% of the company’s stock.

Wall Street Analysts Forecast Growth

PEGA has been the subject of a number of research analyst reports. Citigroup upped their target price on Pegasystems from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. raised their target price on shares of Pegasystems from $78.00 to $83.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Rosenblatt Securities upped their price target on shares of Pegasystems from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group raised their price objective on shares of Pegasystems from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Finally, JMP Securities upgraded shares of Pegasystems from a “market perform” rating to an “outperform” rating and set a $85.00 price objective on the stock in a research note on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $83.60.

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.