Insider Selling: Pegasystems Inc. (NASDAQ:PEGA) CFO Sells $655,902.24 in Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 7,742 shares of Pegasystems stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $84.72, for a total transaction of $655,902.24. Following the sale, the chief financial officer now directly owns 14,466 shares in the company, valued at $1,225,559.52. The trade was a 34.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, February 3rd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were sold at an average price of $105.63, for a total transaction 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.
• On Monday, December 2nd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were sold at an average price of $94.60, for a total transaction of $189,200.00.

Pegasystems Stock Performance

Shares of Pegasystems stock opened at $77.89 on Friday. The company has a 50-day simple moving average of $98.16 and a two-hundred day simple moving average of $84.30. Pegasystems Inc. has a 52-week low of $54.55 and a 52-week high of $113.67. The stock has a market capitalization of $6.69 billion, a PE ratio of 77.12 and a beta of 1.11.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.27 earnings per share 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, equities research analysts forecast that Pegasystems Inc. will post 1.89 EPS for the current fiscal year.

Pegasystems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.12 annualized dividend and a dividend yield of 0.15%. Pegasystems’s payout ratio is 11.88%.

Wall Street Analyst Weigh In

PEGA has been the topic of a number of research reports. Citigroup lifted their target price 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. Rosenblatt Securities lifted 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. JMP Securities reissued a “market outperform” rating and set a $110.00 price target on shares of Pegasystems in a research report on Thursday, February 13th. Royal Bank of Canada lifted their price target on shares of Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Wedbush lifted their price target on shares of Pegasystems from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $99.36.

Institutional Trading of Pegasystems

Large investors have recently added to or reduced their stakes in the business. Principal Securities Inc. grew its position in Pegasystems by 150.5% during the fourth quarter. Principal Securities Inc. now owns 278 shares of the technology company’s stock valued at $26,000 after buying an additional 167 shares during the period. EverSource Wealth Advisors LLC grew its position in Pegasystems by 85.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company’s stock valued at $30,000 after buying an additional 149 shares during the period. True Wealth Design LLC bought a new stake in Pegasystems during the third quarter valued at approximately $27,000. Venturi Wealth Management LLC grew its position in Pegasystems by 49.1% during the third quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company’s stock valued at $48,000 after buying an additional 216 shares during the period. Finally, Financial Management Professionals Inc. bought a new position in shares of Pegasystems in the third quarter worth approximately $57,000. 46.89% of the stock is currently 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.