Pegasystems Inc. (NASDAQ:PEGA) CFO Sells $185,860.00 in Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $92.93, for a total value of $185,860.00. Following the sale, the chief financial officer now directly owns 19,495 shares of the company’s stock, valued at $1,811,670.35. This represents a 9.30 % decrease in their ownership of the stock. 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 Friday, April 25th, Kenneth Stillwell sold 17,713 shares of Pegasystems stock. The stock was sold at an average price of $89.36, for a total value of $1,582,833.68.
• On Tuesday, April 1st, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were sold at an average price of $69.75, for a total transaction of $139,500.00.
• On Monday, March 3rd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The stock was sold at an average price of $78.31, for a total transaction of $156,620.00.
• On Friday, February 14th, Kenneth Stillwell sold 7,742 shares of Pegasystems stock. The shares were sold at an average price of $84.72, for a total transaction of $655,902.24.

Pegasystems Price Performance

PEGA stock opened at $93.04 on Thursday. The firm has a 50 day simple moving average of $75.30 and a two-hundred day simple moving average of $86.62. The stock has a market cap of $7.96 billion, a PE ratio of 92.12 and a beta of 1.14. Pegasystems Inc. has a one year low of $55.71 and a one year high of $113.67.

Pegasystems (NASDAQ:PEGA) last released its earnings results on Wednesday, February 12th. The technology company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.20). Pegasystems had a net margin of 6.63% and a return on equity of 32.09%. On average, research analysts expect that Pegasystems Inc. will post 1.89 EPS for the current fiscal year.

Pegasystems Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.06%. The ex-dividend date of this dividend was Tuesday, April 1st. Pegasystems’s payout ratio is currently 5.83%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA bought a new position in shares of Pegasystems during the 1st quarter valued at $151,149,000. Invesco Ltd. boosted its position in Pegasystems by 189.0% during the fourth quarter. Invesco Ltd. now owns 2,364,242 shares of the technology company’s stock valued at $220,347,000 after buying an additional 1,546,281 shares during the period. Thrivent Financial for Lutherans bought a new position in shares of Pegasystems during the fourth quarter valued at about $66,542,000. Franklin Resources Inc. increased its holdings in shares of Pegasystems by 398.4% in the fourth quarter. Franklin Resources Inc. now owns 702,838 shares of the technology company’s stock worth $65,505,000 after buying an additional 561,807 shares during the period. Finally, Norges Bank purchased a new position in shares of Pegasystems in the fourth quarter worth about $44,343,000. 46.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on PEGA. DA Davidson increased their target price on Pegasystems from $70.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 23rd. Citigroup dropped their price objective on Pegasystems from $119.00 to $107.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Rosenblatt Securities reduced their target price on Pegasystems from $115.00 to $95.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. JMP Securities reissued a “market outperform” rating and issued a $110.00 price target on shares of Pegasystems in a report on Thursday, February 13th. Finally, KeyCorp reduced their price objective on shares of Pegasystems from $118.00 to $94.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $100.27.

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.