Efstathios A. Kouninis Sells 116 Shares of Pegasystems Inc. (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) CAO Efstathios A. Kouninis sold 116 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $100.50, for a total transaction of $11,658.00. Following the completion of the transaction, the chief accounting officer now owns 155 shares of the company's stock, valued at approximately $15,577.50. This trade represents a 42.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, May 16th, Efstathios A. Kouninis sold 500 shares of Pegasystems stock. The stock was sold at an average price of $99.25, for a total transaction of $49,625.00.

Pegasystems Trading Up 0.4%

PEGA stock traded up $0.43 during mid-day trading on Thursday, reaching $101.84. The company's stock had a trading volume of 800,665 shares, compared to its average volume of 761,338. The stock has a market cap of $8.72 billion, a PE ratio of 100.83 and a beta of 1.14. Pegasystems Inc. has a fifty-two week low of $55.90 and a fifty-two week high of $113.67. The company's 50 day moving average is $85.00 and its two-hundred day moving average is $88.78.

Pegasystems Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a $0.015 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.06 annualized dividend and a dividend yield of 0.06%. Pegasystems's dividend payout ratio (DPR) is 5.83%.

Institutional Trading of Pegasystems

Several hedge funds have recently made changes to their positions in the company. Strs Ohio purchased a new stake in shares of Pegasystems in the 1st quarter valued at approximately $1,054,000. Focus Partners Wealth grew its stake in shares of Pegasystems by 55.0% in the 1st quarter. Focus Partners Wealth now owns 5,476 shares of the technology company's stock valued at $381,000 after buying an additional 1,943 shares during the period. Bayforest Capital Ltd purchased a new stake in shares of Pegasystems in the 1st quarter valued at approximately $250,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Pegasystems by 18.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 155,783 shares of the technology company's stock valued at $10,830,000 after buying an additional 23,713 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Pegasystems by 5.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 248,168 shares of the technology company's stock valued at $17,253,000 after buying an additional 13,075 shares during the period. Hedge funds and other institutional investors own 46.89% of the company's stock.

Analyst Ratings Changes

PEGA has been the subject of several research analyst reports. Wedbush restated an "outperform" rating and set a $125.00 price target on shares of Pegasystems in a research report on Tuesday. Royal Bank of Canada restated an "outperform" rating and set a $120.00 price target on shares of Pegasystems in a research report on Tuesday. Rosenblatt Securities upped their price target on shares of Pegasystems from $101.00 to $112.00 and gave the stock a "buy" rating in a research report on Wednesday. DA Davidson upped their price target on shares of Pegasystems from $90.00 to $95.00 and gave the stock a "neutral" rating in a research report on Tuesday. Finally, Citigroup reduced their price target on shares of Pegasystems from $119.00 to $107.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $104.00.

Pegasystems Company Profile

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.