Pegasystems Inc. (NASDAQ:PEGA) SVP Leon Trefler sold 4,560 shares of Pegasystems stock in a transaction on Friday, May 19th. The shares were sold at an average price of $56.41, for a total value of $257,229.60. Following the sale, the senior vice president now directly owns 22,061 shares of the company’s stock, valued at $1,244,461.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Leon Trefler also recently made the following trade(s):
- On Friday, June 9th, Leon Trefler sold 9,060 shares of Pegasystems stock. The shares were sold at an average price of $64.30, for a total value of $582,558.00.
Shares of Pegasystems Inc. (NASDAQ PEGA) traded up 0.59% during mid-day trading on Friday, hitting $59.65. The stock had a trading volume of 287,019 shares. Pegasystems Inc. has a 12-month low of $24.71 and a 12-month high of $64.85. The stock has a market cap of $4.60 billion, a P/E ratio of 109.45 and a beta of 1.45. The company’s 50 day moving average price is $55.16 and its 200 day moving average price is $43.96.
Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings results on Wednesday, May 10th. The technology company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.16. Pegasystems had a net margin of 5.26% and a return on equity of 14.77%. The company had revenue of $223.20 million for the quarter, compared to analyst estimates of $200.52 million. During the same quarter in the prior year, the business posted $0.23 EPS. Pegasystems’s quarterly revenue was up 24.8% on a year-over-year basis. Equities research analysts predict that Pegasystems Inc. will post $1.06 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Monday, July 3rd will be paid a $0.03 dividend. The ex-dividend date is Thursday, June 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.20%. Pegasystems’s payout ratio is presently 23.08%.
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Several analysts have weighed in on the company. TheStreet upgraded Pegasystems from a “c+” rating to a “b” rating in a research note on Friday, February 24th. Benchmark Co. upgraded Pegasystems from a “hold” rating to a “buy” rating and boosted their price target for the company from $34.00 to $52.00 in a research note on Tuesday, March 7th. BidaskClub cut Pegasystems from a “strong-buy” rating to a “buy” rating in a report on Wednesday. JMP Securities reissued an “outperform” rating and issued a $63.00 price objective (up previously from $55.00) on shares of Pegasystems in a report on Wednesday, June 7th. Finally, Wedbush reiterated an “outperform” rating and set a $60.00 price objective (down from $67.00) on shares of Pegasystems in a research note on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $53.80.
A number of hedge funds and other institutional investors have recently bought and sold shares of PEGA. Ameritas Investment Partners Inc. bought a new stake in shares of Pegasystems during the first quarter worth $137,000. Bank of Montreal Can increased its stake in shares of Pegasystems by 31.4% in the first quarter. Bank of Montreal Can now owns 4,723 shares of the technology company’s stock worth $208,000 after buying an additional 1,129 shares during the period. Cambridge Trust Co. acquired a new position in Pegasystems during the first quarter worth approximately $219,000. Suntrust Banks Inc. acquired a new position in Pegasystems during the third quarter worth approximately $222,000. Finally, Janus Capital Management LLC acquired a new position in Pegasystems during the first quarter worth approximately $239,000. Institutional investors and hedge funds own 44.12% of the company’s stock.
Pegasystems Company Profile
Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.
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