Efstathios Kouninis Sells 1,063 Shares of Pegasystems (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios Kouninis sold 1,063 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $38.75, for a total value of $41,191.25. Following the completion of the transaction, the chief accounting officer directly owned 1,164 shares in the company, valued at $45,105. This trade represents a 47.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Pegasystems Price Performance

Shares of PEGA opened at $37.36 on Friday. Pegasystems Inc. has a 12 month low of $25.10 and a 12 month high of $68.10. The stock’s 50-day moving average is $32.20 and its two-hundred day moving average is $36.38. The stock has a market cap of $6.14 billion, a PE ratio of 21.11 and a beta of 0.89.

Pegasystems (NASDAQ:PEGA) last posted its earnings results on Tuesday, July 21st. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The company had revenue of $420.72 million during the quarter, compared to analyst estimates of $427.38 million. Pegasystems had a net margin of 18.66% and a return on equity of 32.21%. Pegasystems’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 EPS. On average, research analysts anticipate that Pegasystems Inc. will post 1.71 earnings per share for the current year.

Pegasystems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Wednesday, July 1st. Pegasystems’s dividend payout ratio is currently 6.78%.

Hedge Funds Weigh In On Pegasystems

A number of institutional investors have recently made changes to their positions in PEGA. International Assets Investment Management LLC acquired a new stake in shares of Pegasystems during the fourth quarter worth approximately $28,000. EFG International AG bought a new stake in shares of Pegasystems in the fourth quarter worth $32,000. Fifth Third Bancorp raised its holdings in Pegasystems by 96.5% in the fourth quarter. Fifth Third Bancorp now owns 617 shares of the technology company’s stock valued at $37,000 after acquiring an additional 303 shares in the last quarter. Signature Equity Partners LLC raised its holdings in Pegasystems by 302.2% in the first quarter. Signature Equity Partners LLC now owns 929 shares of the technology company’s stock valued at $40,000 after acquiring an additional 698 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new position in Pegasystems during the 2nd quarter valued at $41,000. 46.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PEGA. Citigroup lowered shares of Pegasystems from a “market outperform” rating to a “market perform” rating in a research note on Wednesday, July 22nd. Rosenblatt Securities lowered their price target on shares of Pegasystems from $58.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Barclays reaffirmed an “overweight” rating and set a $39.00 price target (down from $48.00) on shares of Pegasystems in a research note on Thursday, July 23rd. Royal Bank Of Canada set a $35.00 price objective on shares of Pegasystems and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Finally, Loop Capital cut shares of Pegasystems from a “buy” rating to a “hold” rating and decreased their price objective for the company from $55.00 to $25.00 in a research report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $50.10.

Pegasystems Company Profile

Pegasystems Inc is a software company specializing in customer engagement and digital process automation solutions. Headquartered in Cambridge, Massachusetts, Pegasystems develops enterprise applications designed to help organizations streamline operations, manage customer interactions and automate complex workflows. Its platform supports a wide range of use cases, from sales and marketing optimization to case management and robotic process automation.

The core of Pegasystems’ offering is the Pega Platform, a low-code development environment that enables businesses to build and deploy applications with minimal hand-coding.