Insider Selling: Pegasystems Inc. (NASDAQ:PEGA) Insider Sells $45,375.68 in Stock

Pegasystems Inc. (NASDAQ:PEGA) insider Leon Trefler sold 752 shares of Pegasystems stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $60.34, for a total transaction of $45,375.68. Following the sale, the insider now owns 39,188 shares of the company’s stock, valued at $2,364,603.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, April 1st, Leon Trefler sold 752 shares of Pegasystems stock. The shares were sold at an average price of $64.20, for a total transaction of $48,278.40.
• On Tuesday, February 20th, Leon Trefler sold 1,504 shares of Pegasystems stock. The stock was sold at an average price of $63.80, for a total value of $95,955.20.

Pegasystems Stock Up 1.1 %

Shares of NASDAQ PEGA opened at $59.55 on Friday. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 72.62 and a beta of 1.05. The company’s 50-day simple moving average is $62.49 and its 200-day simple moving average is $53.62. Pegasystems Inc. has a 52-week low of $37.66 and a 52-week high of $69.26.

Pegasystems (NASDAQ:PEGA) last posted 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 45.00% and a net margin of 5.32%. The company had revenue of $474.23 million for the quarter, compared to analysts’ expectations of $428.76 million. Equities research analysts anticipate that Pegasystems Inc. will post 1.5 EPS for the current fiscal year.

Pegasystems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend was Thursday, March 28th. Pegasystems’s dividend payout ratio is currently 14.63%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Rosenblatt Securities restated a “buy” rating and issued a $75.00 target price on shares of Pegasystems in a research note on Tuesday, April 23rd. Royal Bank of Canada raised their price objective on shares of Pegasystems from $65.00 to $77.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. TheStreet upgraded shares of Pegasystems from a “d+” rating to a “c” rating in a research note on Thursday, February 15th. Barclays raised their price target on shares of Pegasystems from $66.00 to $69.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Finally, StockNews.com upgraded shares of Pegasystems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 13th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its position in shares of Pegasystems by 80.1% in 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 last quarter. Parkside Financial Bank & Trust grew its stake in Pegasystems by 219.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock valued at $26,000 after acquiring an additional 364 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Pegasystems in the 4th quarter valued at about $26,000. Harvest Fund Management Co. Ltd purchased a new position in Pegasystems in the 4th quarter worth approximately $44,000. Finally, CWM LLC boosted its holdings in shares of Pegasystems by 80.1% during the 3rd quarter. CWM LLC now owns 1,160 shares of the technology company’s stock worth $50,000 after purchasing an additional 516 shares during the last quarter. Hedge funds and other institutional investors own 46.89% of the company’s stock.

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.