Insider Selling: Pegasystems Inc. (NASDAQ:PEGA) CAO Sells 582 Shares of Stock

Key Points

• Pegasystems Inc. CAO Efstathios A. Kouninis sold 582 shares at an average price of $59.65, totaling $34,716.30.
• The company recently reported $0.28 EPS, exceeding analysts' expectations, with a revenue of $384.51 million for the quarter, a 9.5% increase year-over-year.
• Pegasystems has announced a quarterly dividend increase from $0.02 to $0.03 per share, representing an annualized yield of 0.20%.

Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) CAO Efstathios A. Kouninis sold 582 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $59.65, for a total value of $34,716.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, May 16th, Efstathios A. Kouninis sold 1,000 shares of Pegasystems stock. The stock was sold at an average price of $49.63, for a total value of $49,625.00.

Pegasystems Stock Up 0.7%

Shares of NASDAQ PEGA traded up $0.44 during midday trading on Tuesday, hitting $60.39. The stock had a trading volume of 2,118,181 shares, compared to its average volume of 2,039,022. The business's 50 day moving average is $51.50 and its 200-day moving average is $45.74. Pegasystems Inc. has a 52 week low of $29.84 and a 52 week high of $60.56. The company has a market cap of $10.33 billion, a P/E ratio of 51.84 and a beta of 1.13.

Pegasystems (NASDAQ:PEGA - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The technology company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.04. Pegasystems had a net margin of 13.14% and a return on equity of 42.42%. The business had revenue of $384.51 million during the quarter, compared to analysts' expectations of $345.07 million. During the same period in the prior year, the company earned $0.26 earnings per share. The firm's revenue was up 9.5% on a year-over-year basis. As a group, analysts expect that Pegasystems Inc. will post 1.89 EPS for the current fiscal year.

Pegasystems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were issued a dividend of $0.03 per share. This is a boost from Pegasystems's previous quarterly dividend of $0.02. This represents a $0.12 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date was Tuesday, July 1st. Pegasystems's dividend payout ratio is currently 10.34%.

Analysts Set New Price Targets

Several equities research analysts recently commented on PEGA shares. Royal Bank Of Canada reissued an "outperform" rating and set a $60.00 price objective on shares of Pegasystems in a research note on Tuesday, June 3rd. Citigroup boosted their price objective on shares of Pegasystems from $66.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. KeyCorp dropped their price objective on shares of Pegasystems from $59.00 to $47.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. JMP Securities boosted their price objective on shares of Pegasystems from $55.00 to $62.50 and gave the stock a "market outperform" rating in a research note on Tuesday, June 3rd. Finally, Wedbush boosted their price objective on shares of Pegasystems from $68.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $59.80.

Institutional Trading of Pegasystems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CX Institutional purchased a new stake in shares of Pegasystems in the first quarter worth $36,000. SBI Securities Co. Ltd. increased its stake in shares of Pegasystems by 139.7% in the first quarter. SBI Securities Co. Ltd. now owns 549 shares of the technology company's stock worth $38,000 after purchasing an additional 320 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Pegasystems by 159.8% in the second quarter. UMB Bank n.a. now owns 730 shares of the technology company's stock worth $40,000 after purchasing an additional 449 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Pegasystems by 50.5% in the first quarter. GAMMA Investing LLC now owns 599 shares of the technology company's stock worth $42,000 after purchasing an additional 201 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Pegasystems in the first quarter worth $57,000. 46.89% of the stock is owned by hedge funds and other institutional investors.

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.

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