Pegasystems Inc. (NASDAQ:PEGA) Insider Leon Trefler Sells 752 Shares of Stock

Pegasystems Inc. (NASDAQ:PEGAGet Free Report) insider Leon Trefler sold 752 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $64.20, for a total transaction of $48,278.40. Following the transaction, the insider now owns 39,940 shares in the company, valued at approximately $2,564,148. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Leon Trefler also recently made the following trade(s):

  • On Tuesday, February 20th, Leon Trefler sold 1,504 shares of Pegasystems stock. The shares were sold at an average price of $63.80, for a total transaction of $95,955.20.

Pegasystems Stock Performance

Shares of PEGA stock opened at $62.11 on Thursday. The firm has a 50-day moving average of $59.59 and a 200-day moving average of $51.07. The company has a market cap of $5.21 billion, a P/E ratio of 87.48 and a beta of 1.06. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.78 and a quick ratio of 1.78. Pegasystems Inc. has a one year low of $37.66 and a one year high of $69.26.

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

Pegasystems Announces Dividend

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

Analyst Ratings Changes

PEGA has been the topic of a number of research reports. Citigroup boosted their target price on shares of Pegasystems from $86.00 to $87.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. DA Davidson restated a “neutral” rating and set a $60.00 price objective on shares of Pegasystems in a report on Monday, March 4th. Royal Bank of Canada upped their price objective on shares of Pegasystems from $65.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Wedbush restated an “outperform” rating and set a $58.00 price objective on shares of Pegasystems in a report on Thursday, February 15th. Finally, Barclays upgraded shares of Pegasystems from an “underweight” rating to an “equal weight” rating and set a $52.00 price objective on the stock in a report on Friday, January 12th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Pegasystems currently has a consensus rating of “Moderate Buy” and an average price target of $65.44.

Read Our Latest Report on PEGA

Hedge Funds Weigh In On Pegasystems

Institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC grew its position in Pegasystems by 80.1% during the fourth quarter. Quadrant Capital Group LLC now owns 508 shares of the technology company’s stock valued at $25,000 after buying an additional 226 shares during the period. Parkside Financial Bank & Trust boosted 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 purchasing an additional 364 shares during the period. Headlands Technologies LLC bought a new position in Pegasystems during the fourth quarter worth about $26,000. Quarry LP bought a new position in Pegasystems during the fourth quarter worth about $29,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Pegasystems during the fourth quarter worth about $44,000. Institutional investors own 46.89% of the company’s stock.

About Pegasystems

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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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