Insider Selling: Pegasystems Inc. (NASDAQ:PEGA) Insider Sells 2,049 Shares of Stock

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

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 value of $70,560.16.

Pegasystems Price Performance

NASDAQ PEGA traded up $0.63 during trading on Tuesday, reaching $77.63. 744,365 shares of the company’s stock were exchanged, compared to its average volume of 592,935. The business has a 50 day moving average price of $95.77 and a 200-day moving average price of $85.14. The stock has a market capitalization of $6.67 billion, a P/E ratio of 76.86 and a beta of 1.11. 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 forecast that Pegasystems Inc. will post 1.89 earnings per share for the current 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 given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.15%. The ex-dividend date was Thursday, January 2nd. Pegasystems’s payout ratio is presently 11.88%.

Wall Street Analyst Weigh In

PEGA has been the topic of a number of research reports. Citigroup boosted their price objective on shares of Pegasystems from $99.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Royal Bank of Canada boosted their price target on shares of Pegasystems from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Barclays reduced their price objective on shares of Pegasystems from $103.00 to $97.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 target price on shares of Pegasystems in a research report on Thursday, February 13th. Finally, Rosenblatt Securities increased their price target on Pegasystems from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Pegasystems presently has an average rating of “Moderate Buy” and an average target price of $99.36.

Institutional Trading of Pegasystems

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Securities Inc. lifted its position in Pegasystems by 150.5% during the fourth quarter. Principal Securities Inc. now owns 278 shares of the technology company’s stock worth $26,000 after acquiring an additional 167 shares during the last quarter. True Wealth Design LLC acquired a new position in shares of Pegasystems in the third quarter valued at approximately $27,000. EverSource Wealth Advisors LLC increased its stake in shares of Pegasystems by 85.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company’s stock worth $30,000 after purchasing an additional 149 shares during the period. Venturi Wealth Management LLC lifted its holdings in Pegasystems by 49.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company’s stock worth $48,000 after purchasing an additional 216 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Pegasystems during the 4th quarter worth approximately $61,000. Institutional investors own 46.89% of the company’s stock.

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.