Pegasystems Inc. (NASDAQ:PEGA) CAO Sells $43,824.00 in Stock

Pegasystems Inc. (NASDAQ:PEGAGet Free Report) CAO Efstathios A. Kouninis sold 528 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $83.00, for a total value of $43,824.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Efstathios A. Kouninis also recently made the following trade(s):

  • On Friday, October 25th, Efstathios A. Kouninis sold 303 shares of Pegasystems stock. The shares were sold at an average price of $81.00, for a total value of $24,543.00.

Pegasystems Price Performance

NASDAQ PEGA opened at $86.13 on Friday. The business’s fifty day moving average price is $72.55 and its 200-day moving average price is $65.50. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of 62.87 and a beta of 1.06. Pegasystems Inc. has a 1-year low of $44.00 and a 1-year high of $87.19.

Pegasystems (NASDAQ:PEGAGet Free Report) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Pegasystems had a return on equity of 37.83% and a net margin of 8.29%. The company had revenue of $325.10 million for the quarter, compared to analysts’ expectations of $326.16 million. During the same period last year, the firm earned $0.14 EPS. Pegasystems’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities research analysts anticipate that Pegasystems Inc. will post 1.61 EPS for the current year.

Pegasystems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.03 per share. The ex-dividend date was Tuesday, October 1st. This represents a $0.12 dividend on an annualized basis and a yield of 0.14%. Pegasystems’s dividend payout ratio is presently 8.76%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Pegasystems from $78.00 to $83.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. StockNews.com lowered Pegasystems from a “buy” rating to a “hold” rating in a research report on Monday. William Blair raised Pegasystems from a “market perform” rating to an “outperform” rating in a research report on Tuesday, July 30th. Loop Capital raised Pegasystems from a “hold” rating to a “buy” rating and increased their target price for the stock from $68.00 to $84.00 in a research report on Thursday, August 1st. Finally, Rosenblatt Securities upped their price target on Pegasystems from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $85.90.

Check Out Our Latest Research Report on PEGA

Institutional Investors Weigh In On Pegasystems

Institutional investors and hedge funds have recently bought and sold shares of the business. Venturi Wealth Management LLC raised its holdings in Pegasystems by 49.1% during the third quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company’s stock valued at $48,000 after acquiring an additional 216 shares during the period. Versant Capital Management Inc grew its position in shares of Pegasystems by 15,120.0% during the second quarter. Versant Capital Management Inc now owns 761 shares of the technology company’s stock valued at $46,000 after purchasing an additional 756 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in shares of Pegasystems during the third quarter valued at about $57,000. Headlands Technologies LLC grew its position in shares of Pegasystems by 64.0% during the first quarter. Headlands Technologies LLC now owns 869 shares of the technology company’s stock valued at $56,000 after purchasing an additional 339 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Pegasystems during the third quarter valued at about $67,000. 46.89% of the stock is owned by institutional investors.

About Pegasystems

(Get Free Report)

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.

Further Reading

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

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