Pegasystems Inc. (NASDAQ:PEGA) Insider Sells $673,234.24 in Stock

Pegasystems Inc. (NASDAQ:PEGA) insider Leon Trefler sold 8,288 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $81.23, for a total value of $673,234.24. Following the transaction, the insider now owns 37,636 shares in the company, valued at $3,057,172.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, September 30th, Leon Trefler sold 752 shares of Pegasystems stock. The shares were sold at an average price of $72.00, for a total value of $54,144.00.

Pegasystems Trading Up 4.0 %

Pegasystems stock opened at $84.31 on Wednesday. Pegasystems Inc. has a 12 month low of $44.00 and a 12 month high of $84.42. The business’s fifty day simple moving average is $72.20 and its two-hundred day simple moving average is $65.36. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 61.54 and a beta of 1.06.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The business had revenue of $325.10 million during the quarter, compared to analyst estimates of $326.16 million. Pegasystems had a net margin of 8.29% and a return on equity of 37.83%. Pegasystems’s revenue was down 2.8% compared to the same quarter last year. During the same period last year, the business earned $0.14 EPS. On average, equities research analysts predict that Pegasystems Inc. will post 1.61 EPS for the current year.

Pegasystems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were given a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.12 annualized dividend and a yield of 0.14%. Pegasystems’s dividend payout ratio (DPR) is presently 8.76%.

Institutional Trading of Pegasystems

A number of institutional investors and hedge funds have recently modified their holdings of PEGA. Pacer Advisors Inc. purchased a new stake in shares of Pegasystems during the second quarter valued at $67,968,000. Dimensional Fund Advisors LP boosted its holdings in shares of Pegasystems by 266.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 390,580 shares of the technology company’s stock valued at $23,641,000 after acquiring an additional 284,095 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Pegasystems by 104.5% in the second quarter. AQR Capital Management LLC now owns 554,777 shares of the technology company’s stock worth $33,381,000 after acquiring an additional 283,508 shares during the period. Vanguard Group Inc. raised its holdings in shares of Pegasystems by 4.9% during the first quarter. Vanguard Group Inc. now owns 5,369,237 shares of the technology company’s stock valued at $347,067,000 after purchasing an additional 250,273 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in Pegasystems by 77.8% during the first quarter. Acadian Asset Management LLC now owns 499,532 shares of the technology company’s stock valued at $32,273,000 after purchasing an additional 218,599 shares during the period. Institutional investors own 46.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PEGA shares. JMP Securities upgraded shares of Pegasystems from a “market perform” rating to an “outperform” rating and set a $85.00 price target on the stock in a report on Wednesday, July 31st. The Goldman Sachs Group lifted their target price on shares of Pegasystems from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. increased their price target on shares of Pegasystems from $78.00 to $83.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. StockNews.com cut Pegasystems from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Rosenblatt Securities increased their target price on Pegasystems from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.90.

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.