Kenneth Stillwell Sells 2,000 Shares of Pegasystems Inc. (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 2,000 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $78.31, for a total value of $156,620.00. Following the completion of the transaction, the chief financial officer now directly owns 13,765 shares in the company, valued at $1,077,937.15. This trade represents a 12.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, February 14th, Kenneth Stillwell sold 7,742 shares of Pegasystems stock. The stock was 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.
• On Thursday, January 2nd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were sold at an average price of $94.00, for a total transaction of $188,000.00.
• On Tuesday, December 10th, Kenneth Stillwell sold 6,200 shares of Pegasystems stock. The shares were sold at an average price of $94.67, for a total transaction of $586,954.00.

Pegasystems Stock Performance

Shares of NASDAQ PEGA opened at $79.33 on Thursday. Pegasystems Inc. has a fifty-two week low of $54.55 and a fifty-two week high of $113.67. The business has a 50-day simple moving average of $95.11 and a two-hundred day simple moving average of $85.17. The company has a market cap of $6.81 billion, a PE ratio of 78.54 and a beta of 1.11.

Pegasystems (NASDAQ:PEGA) last issued its earnings results on Wednesday, February 12th. The technology company reported $1.27 earnings per share (EPS) 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, sell-side analysts predict that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Pegasystems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were given a $0.03 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $0.12 dividend on an annualized basis and a yield of 0.15%. Pegasystems’s dividend payout ratio is currently 11.88%.

Analysts Set New Price Targets

PEGA has been the topic of a number of recent research reports. JMP Securities reiterated a “market outperform” rating and set a $110.00 price objective on shares of Pegasystems in a research note on Thursday, February 13th. Barclays dropped their price objective on Pegasystems from $103.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. KeyCorp reaffirmed an “overweight” rating and set a $118.00 price objective on shares of Pegasystems in a research report on Tuesday, January 14th. Citigroup raised their price objective on Pegasystems from $99.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada raised their price objective on Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $99.36.

Hedge Funds Weigh In On Pegasystems

A number of institutional investors have recently bought and sold shares of the business. Greenwood Capital Associates LLC acquired a new stake in Pegasystems during the 3rd quarter valued at approximately $436,000. Crossmark Global Holdings Inc. lifted its stake in Pegasystems by 110.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 25,195 shares of the technology company’s stock valued at $1,842,000 after acquiring an additional 13,200 shares during the period. Sanctuary Advisors LLC lifted its stake in Pegasystems by 4.9% during the 4th quarter. Sanctuary Advisors LLC now owns 4,667 shares of the technology company’s stock valued at $435,000 after acquiring an additional 219 shares during the period. Global Retirement Partners LLC lifted its stake in Pegasystems by 48.0% during the 4th quarter. Global Retirement Partners LLC now owns 789 shares of the technology company’s stock valued at $74,000 after acquiring an additional 256 shares during the period. Finally, Foundry Partners LLC acquired a new stake in Pegasystems during the 3rd quarter valued at approximately $9,567,000. 46.89% of the stock is owned by hedge funds and other 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.