Pegasystems Inc. (NASDAQ:PEGA) CFO Sells $139,500.00 in Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 2,000 shares of Pegasystems stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $69.75, for a total transaction of $139,500.00. Following the completion of the sale, the chief financial officer now owns 21,245 shares in the company, valued at $1,481,838.75. The trade was a 8.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, March 3rd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were sold at an average price of $78.31, for a total value of $156,620.00.
• On Friday, February 14th, Kenneth Stillwell sold 7,742 shares of Pegasystems stock. The shares were sold at an average price of $84.72, for a total value of $655,902.24.
• On Monday, February 3rd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The stock was sold at an average price of $105.63, for a total value of $211,260.00.

Pegasystems Stock Performance

NASDAQ:PEGA traded down $3.93 during mid-day trading on Thursday, hitting $68.26. 1,016,142 shares of the stock were exchanged, compared to its average volume of 642,137. The firm’s 50-day simple moving average is $85.29 and its 200 day simple moving average is $85.74. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of 67.58 and a beta of 1.25. Pegasystems Inc. has a fifty-two week low of $54.55 and a fifty-two week high of $113.67.

Pegasystems (NASDAQ:PEGA) last posted its earnings results on Wednesday, February 12th. The technology company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.20). Pegasystems had a return on equity of 32.09% and a net margin of 6.63%. On average, analysts predict that Pegasystems Inc. will post 1.89 EPS for the current fiscal year.

Pegasystems Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date of this dividend is Tuesday, April 1st. Pegasystems’s dividend payout ratio is currently 11.88%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PEGA. StockNews.com downgraded shares of Pegasystems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Barclays dropped their target price on shares of Pegasystems from $103.00 to $97.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Citigroup lifted their price target on Pegasystems from $99.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Rosenblatt Securities boosted their price target on Pegasystems from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 price objective on shares of Pegasystems in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Pegasystems presently has a consensus rating of “Moderate Buy” and an average target price of $99.36.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PEGA. Treasurer of the State of North Carolina grew its position in Pegasystems by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 19,597 shares of the technology company’s stock worth $1,826,000 after buying an additional 120 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Pegasystems by 2.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,875 shares of the technology company’s stock valued at $548,000 after acquiring an additional 139 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Pegasystems by 1.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,401 shares of the technology company’s stock valued at $783,000 after acquiring an additional 141 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Pegasystems by 85.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company’s stock worth $30,000 after purchasing an additional 149 shares in the last quarter. Finally, Arizona State Retirement System increased its position in shares of Pegasystems by 1.2% in the fourth quarter. Arizona State Retirement System now owns 12,394 shares of the technology company’s stock worth $1,155,000 after purchasing an additional 152 shares during the period. 46.89% of the stock is owned by institutional investors.

Pegasystems Company Profile

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.