Leon Trefler Sells 2,049 Shares of Pegasystems Inc. (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) insider Leon Trefler sold 2,049 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $75.65, for a total transaction of $155,006.85. Following the transaction, the insider now directly owns 52,019 shares in the company, valued at $3,935,237.35. The trade was a 3.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Tuesday, December 31st, Leon Trefler sold 752 shares of Pegasystems stock. The stock was sold at an average price of $93.83, for a total transaction of $70,560.16.

Pegasystems Price Performance

PEGA stock opened at $76.86 on Friday. Pegasystems Inc. has a 1-year low of $54.55 and a 1-year high of $113.67. The stock has a market capitalization of $6.60 billion, a P/E ratio of 76.10 and a beta of 1.11. The business has a fifty day moving average price of $94.74 and a 200-day moving average price of $85.11.

Pegasystems (NASDAQ:PEGA) last posted its earnings results on Wednesday, February 12th. The technology company reported $1.27 earnings per share (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 anticipate that Pegasystems Inc. will post 1.89 earnings per share for the current year.

Pegasystems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a $0.03 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.16%. Pegasystems’s payout ratio is 11.88%.

Institutional Trading of Pegasystems

Several institutional investors and hedge funds have recently modified their holdings of PEGA. Greenwood Capital Associates LLC acquired a new position in shares of Pegasystems during the third quarter worth $436,000. Crossmark Global Holdings Inc. boosted its holdings in shares of Pegasystems by 110.0% in the third quarter. Crossmark Global Holdings Inc. now owns 25,195 shares of the technology company’s stock worth $1,842,000 after buying an additional 13,200 shares during the period. Sanctuary Advisors LLC boosted its position in Pegasystems by 4.9% during the 4th quarter. Sanctuary Advisors LLC now owns 4,667 shares of the technology company’s stock worth $435,000 after acquiring an additional 219 shares during the period. Global Retirement Partners LLC raised its position in shares of Pegasystems by 48.0% in the fourth quarter. Global Retirement Partners LLC now owns 789 shares of the technology company’s stock valued at $74,000 after purchasing an additional 256 shares during the period. Finally, Foundry Partners LLC acquired a new position in Pegasystems during the 3rd quarter valued at $9,567,000. Hedge funds and other institutional investors own 46.89% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on PEGA shares. JMP Securities restated a “market outperform” rating and issued a $110.00 target price on shares of Pegasystems in a research note on Thursday, February 13th. Citigroup raised their price objective on shares of Pegasystems from $99.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. StockNews.com downgraded Pegasystems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Rosenblatt Securities upped their price target on shares of Pegasystems from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Barclays cut their price objective on Pegasystems from $103.00 to $97.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.36.

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.