Pegasystems Inc. (NASDAQ:PEGA) CFO Sells $120,780.00 in Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $60.39, for a total transaction of $120,780.00. Following the completion of the sale, the chief financial officer now directly owns 22,884 shares in the company, valued at $1,381,964.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, April 1st, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were sold at an average price of $63.70, for a total value of $127,400.00.
• On Friday, March 1st, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The stock was sold at an average price of $66.43, for a total value of $132,860.00.
• On Thursday, February 22nd, Kenneth Stillwell sold 6,535 shares of Pegasystems stock. The shares were sold at an average price of $63.66, for a total value of $416,018.10.
• On Friday, February 16th, Kenneth Stillwell sold 20,606 shares of Pegasystems stock. The stock was sold at an average price of $63.17, for a total transaction of $1,301,681.02.

Pegasystems Stock Performance

Shares of NASDAQ:PEGA opened at $59.55 on Monday. Pegasystems Inc. has a 52-week low of $37.66 and a 52-week high of $69.26. The company has a market capitalization of $5.06 billion, a P/E ratio of 72.62 and a beta of 1.05. The company has a 50-day simple moving average of $62.40 and a 200 day simple moving average of $53.92.

Pegasystems (NASDAQ:PEGA) last issued its earnings results on Wednesday, February 14th. The technology company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.64. Pegasystems had a net margin of 5.32% and a return on equity of 45.00%. The business had revenue of $474.23 million during the quarter, compared to the consensus estimate of $428.76 million. As a group, equities analysts forecast that Pegasystems Inc. will post 1.5 earnings per share for the current year.

Pegasystems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.12 annualized dividend and a yield of 0.20%. Pegasystems’s dividend payout ratio (DPR) is currently 14.63%.

Wall Street Analyst Weigh In

Several brokerages recently commented on PEGA. Royal Bank of Canada increased their target price on shares of Pegasystems from $65.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. DA Davidson restated a “neutral” rating and issued a $60.00 price objective on shares of Pegasystems in a report on Monday, March 4th. Barclays lifted their target price on Pegasystems from $66.00 to $69.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Rosenblatt Securities reissued a “buy” rating and set a $75.00 price target on shares of Pegasystems in a research report on Tuesday, April 23rd. Finally, StockNews.com raised Pegasystems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 13th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $72.33.

Institutional Investors Weigh In On Pegasystems

Several hedge funds have recently bought and sold shares of PEGA. Quadrant Capital Group LLC lifted its stake in Pegasystems by 80.1% in the 4th quarter. Quadrant Capital Group LLC now owns 508 shares of the technology company’s stock valued at $25,000 after purchasing an additional 226 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Pegasystems by 219.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock worth $26,000 after acquiring an additional 364 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Pegasystems during the fourth quarter worth approximately $26,000. Harvest Fund Management Co. Ltd acquired a new stake in Pegasystems during the fourth quarter worth approximately $44,000. Finally, CWM LLC lifted its position in Pegasystems by 80.1% during the third quarter. CWM LLC now owns 1,160 shares of the technology company’s stock worth $50,000 after acquiring an additional 516 shares during the last quarter. 46.89% of the stock is currently owned by institutional investors and hedge funds.

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.