Pegasystems Inc. (NASDAQ:PEGA) Insider Sells $54,211.68 in Stock

Pegasystems Inc. (NASDAQ:PEGA) insider Leon Trefler sold 752 shares of Pegasystems stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $72.09, for a total value of $54,211.68. Following the completion of the sale, the insider now owns 38,412 shares of the company’s stock, valued at $2,769,121.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, July 1st, Leon Trefler sold 752 shares of Pegasystems stock. The shares were sold at an average price of $60.21, for a total value of $45,277.92.

Pegasystems Stock Down 2.0 %

Shares of PEGA stock opened at $67.03 on Monday. The stock has a market cap of $5.73 billion, a PE ratio of 81.74 and a beta of 1.08. The business has a 50-day simple moving average of $60.08 and a 200-day simple moving average of $59.75. Pegasystems Inc. has a 52-week low of $37.66 and a 52-week high of $72.74.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.30. The business had revenue of $351.20 million during the quarter, compared to analysts’ expectations of $323.55 million. Pegasystems had a return on equity of 49.62% and a net margin of 8.72%. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.41) EPS. Sell-side analysts anticipate that Pegasystems Inc. will post 1.55 earnings per share for the current fiscal year.

Pegasystems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were issued a $0.03 dividend. The ex-dividend date was Monday, July 1st. This represents a $0.12 dividend on an annualized basis and a yield of 0.18%. Pegasystems’s payout ratio is 14.63%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Royal Bank of Canada lifted their price objective on Pegasystems from $77.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, July 26th. William Blair upgraded Pegasystems from a “market perform” rating to an “outperform” rating in a report on Tuesday, July 30th. Barclays lifted their price objective on Pegasystems from $69.00 to $74.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Loop Capital raised shares of Pegasystems from a “hold” rating to a “buy” rating and lifted their price target for the stock from $68.00 to $84.00 in a report on Thursday. Finally, Wedbush reiterated an “outperform” rating and set a $90.00 price objective on shares of Pegasystems in a report on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Pegasystems presently has a consensus rating of “Moderate Buy” and an average price target of $82.60.

Hedge Funds Weigh In On Pegasystems

A number of large investors have recently bought and sold shares of PEGA. Quadrant Capital Group LLC raised its holdings in Pegasystems by 80.1% in the 4th quarter. Quadrant Capital Group LLC now owns 508 shares of the technology company’s stock worth $25,000 after purchasing an additional 226 shares during the period. Headlands Technologies LLC acquired a new position in Pegasystems in the 4th quarter worth about $26,000. Parkside Financial Bank & Trust raised its holdings in Pegasystems by 219.3% in the 4th 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. Harvest Fund Management Co. Ltd acquired a new position in Pegasystems in the 4th quarter worth about $44,000. Finally, Versant Capital Management Inc raised its holdings in Pegasystems by 15,120.0% in the 2nd quarter. Versant Capital Management Inc now owns 761 shares of the technology company’s stock worth $46,000 after purchasing an additional 756 shares during the period. Institutional investors and hedge funds 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.