Kenneth Stillwell Sells 1,000 Shares of Pegasystems Inc. (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 1,000 shares of Pegasystems stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $60.00, for a total transaction of $60,000.00. Following the completion of the transaction, the chief financial officer now owns 23,951 shares in the company, valued at approximately $1,437,060. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Wednesday, May 1st, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The stock was sold at an average price of $60.39, for a total value of $120,780.00.
• On Monday, April 1st, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were sold at an average price of $63.70, for a total value of $127,400.00.

Pegasystems Stock Up 1.4 %

NASDAQ PEGA opened at $60.53 on Friday. Pegasystems Inc. has a twelve month low of $37.66 and a twelve month high of $69.26. The stock has a market cap of $5.15 billion, a P/E ratio of 73.82 and a beta of 1.05. The company’s 50-day simple moving average is $59.61 and its 200 day simple moving average is $57.23.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $330.15 million during the quarter, compared to the consensus estimate of $339.70 million. Pegasystems had a net margin of 5.32% and a return on equity of 45.00%. Research analysts anticipate that Pegasystems Inc. will post 1.5 earnings per share for the current year.

Pegasystems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $0.12 annualized dividend and a yield of 0.20%. Pegasystems’s dividend payout ratio is currently 14.63%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $77.00 price target on shares of Pegasystems in a research report on Tuesday, June 11th. Wedbush reiterated an “outperform” rating and set a $90.00 target price on shares of Pegasystems in a research note on Wednesday, June 12th. Citigroup reduced their price target on shares of Pegasystems from $87.00 to $82.00 and set a “buy” rating for the company in a report on Wednesday. JMP Securities restated a “market perform” rating on shares of Pegasystems in a report on Wednesday, June 12th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $75.00 target price on shares of Pegasystems in a research note on Tuesday, April 23rd. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Pegasystems currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PEGA. Quadrant Capital Group LLC increased its position in shares of Pegasystems by 80.1% during the 4th quarter. Quadrant Capital Group LLC now owns 508 shares of the technology company’s stock worth $25,000 after purchasing an additional 226 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Pegasystems by 219.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock valued at $26,000 after buying an additional 364 shares in the last quarter. Headlands Technologies LLC bought a new stake in Pegasystems during the fourth quarter worth about $26,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Pegasystems during the fourth quarter worth approximately $44,000. Finally, Covestor Ltd raised its stake in shares of Pegasystems by 633.9% in the first quarter. Covestor Ltd now owns 1,233 shares of the technology company’s stock valued at $80,000 after acquiring an additional 1,065 shares during the last quarter. 46.89% of the stock is owned by 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.