Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell Sells 2,000 Shares of Stock

Pegasystems Inc. (NASDAQ:PEGAGet Free Report) CFO Kenneth Stillwell sold 2,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $63.70, for a total transaction of $127,400.00. Following the sale, the chief financial officer now directly owns 24,884 shares of the company’s stock, valued at approximately $1,585,110.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Friday, March 1st, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were 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 stock was sold at an average price of $63.66, for a total transaction of $416,018.10.
  • On Friday, February 16th, Kenneth Stillwell sold 20,606 shares of Pegasystems stock. The shares were sold at an average price of $63.17, for a total value of $1,301,681.02.

Pegasystems Stock Performance

Shares of PEGA stock opened at $62.11 on Thursday. The stock has a market cap of $5.21 billion, a PE ratio of 87.48 and a beta of 1.06. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.78 and a current ratio of 1.78. Pegasystems Inc. has a 1 year low of $37.66 and a 1 year high of $69.26. The stock has a fifty day moving average price of $59.59 and a 200 day moving average price of $51.07.

Pegasystems (NASDAQ:PEGAGet Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.64. Pegasystems had a return on equity of 39.30% and a net margin of 4.73%. The firm had revenue of $474.23 million during the quarter, compared to the consensus estimate of $428.76 million. Sell-side analysts forecast that Pegasystems Inc. will post 1.49 earnings per share for the current fiscal year.

Pegasystems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.19%. The ex-dividend date of this dividend is Thursday, March 28th. Pegasystems’s payout ratio is 16.90%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PEGA. The Goldman Sachs Group upped their price target on Pegasystems from $50.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. DA Davidson reissued a “neutral” rating and issued a $60.00 price objective on shares of Pegasystems in a research note on Monday, March 4th. TheStreet raised shares of Pegasystems from a “d+” rating to a “c” rating in a research report on Thursday, February 15th. Citigroup boosted their price objective on Pegasystems from $86.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Finally, StockNews.com upgraded shares of Pegasystems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 13th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Pegasystems currently has an average rating of “Moderate Buy” and a consensus target price of $65.44.

Check Out Our Latest Stock Analysis on Pegasystems

Hedge Funds Weigh In On Pegasystems

Large investors have recently added to or reduced their stakes in the business. Bares Capital Management Inc. increased its position in Pegasystems by 1.6% during the fourth quarter. Bares Capital Management Inc. now owns 5,862,346 shares of the technology company’s stock worth $286,434,000 after purchasing an additional 90,993 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Pegasystems by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 5,118,964 shares of the technology company’s stock valued at $250,113,000 after acquiring an additional 114,848 shares in the last quarter. Cadian Capital Management LP boosted its position in Pegasystems by 15.1% during the 2nd quarter. Cadian Capital Management LP now owns 3,487,351 shares of the technology company’s stock worth $171,926,000 after purchasing an additional 458,670 shares during the period. Capital Research Global Investors grew its stake in shares of Pegasystems by 119.1% in the first quarter. Capital Research Global Investors now owns 2,142,547 shares of the technology company’s stock valued at $172,796,000 after buying an additional 1,164,581 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Pegasystems by 3.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 946,109 shares of the technology company’s stock valued at $46,227,000 after acquiring an additional 31,925 shares in the last quarter. 46.89% of the stock is currently owned by hedge funds and other institutional investors.

Pegasystems Company Profile

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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.

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Insider Buying and Selling by Quarter for Pegasystems (NASDAQ:PEGA)

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