Efstathios A. Kouninis Sells 332 Shares of Pegasystems (NASDAQ:PEGA) Stock

Key Points

• Pegasystems CAO Efstathios Kouninis sold 332 shares at an average price of $57.62, representing a 56.85% decrease in his ownership.
• The company recently increased its quarterly dividend from $0.02 to $0.03, reflecting a 0.2% dividend yield and a payout ratio of 10.34%.
• Pegasystems' stock has a consensus rating of "Moderate Buy" among analysts, with an average target price of $61.83.

Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) CAO Efstathios A. Kouninis sold 332 shares of the business's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $57.62, for a total value of $19,129.84. Following the sale, the chief accounting officer owned 252 shares in the company, valued at approximately $14,520.24. The trade was a 56.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Monday, July 28th, Efstathios A. Kouninis sold 582 shares of Pegasystems stock. The stock was sold at an average price of $59.65, for a total value of $34,716.30.

Pegasystems Price Performance

PEGA traded down $0.01 during trading on Friday, reaching $58.07. 1,451,880 shares of the stock were exchanged, compared to its average volume of 1,033,406. The business's 50 day moving average price is $54.25 and its two-hundred day moving average price is $47.15. The company has a market capitalization of $9.93 billion, a price-to-earnings ratio of 49.85 and a beta of 1.08. Pegasystems Inc. has a 1 year low of $29.84 and a 1 year high of $60.96.

Pegasystems (NASDAQ:PEGA - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The technology company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.04. The company had revenue of $384.51 million for the quarter, compared to the consensus estimate of $345.07 million. Pegasystems had a return on equity of 42.42% and a net margin of 13.14%.Pegasystems's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share. On average, analysts anticipate that Pegasystems Inc. will post 1.89 EPS for the current year.

Pegasystems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were given a $0.03 dividend. This is an increase from Pegasystems's previous quarterly dividend of $0.02. This represents a $0.12 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Tuesday, July 1st. Pegasystems's dividend payout ratio (DPR) is currently 10.34%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PEGA shares. Citigroup upped their price objective on Pegasystems from $66.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. JMP Securities boosted their price target on Pegasystems from $55.00 to $62.50 and gave the company a "market outperform" rating in a report on Tuesday, June 3rd. Royal Bank Of Canada restated an "outperform" rating and set a $60.00 price objective on shares of Pegasystems in a research note on Tuesday, June 3rd. Wedbush raised their target price on Pegasystems from $68.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen downgraded Pegasystems from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 17th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Pegasystems presently has a consensus rating of "Moderate Buy" and an average target price of $61.83.

Hedge Funds Weigh In On Pegasystems

Hedge funds and other institutional investors have recently modified their holdings of the stock. Spire Wealth Management lifted its position in shares of Pegasystems by 274.2% during the 2nd quarter. Spire Wealth Management now owns 565 shares of the technology company's stock worth $31,000 after buying an additional 414 shares during the period. CX Institutional bought a new position in shares of Pegasystems during the 1st quarter worth approximately $36,000. SBI Securities Co. Ltd. lifted its position in shares of Pegasystems by 139.7% during the 1st quarter. SBI Securities Co. Ltd. now owns 549 shares of the technology company's stock worth $38,000 after buying an additional 320 shares during the period. MAI Capital Management lifted its position in shares of Pegasystems by 124.5% during the 2nd quarter. MAI Capital Management now owns 696 shares of the technology company's stock worth $38,000 after buying an additional 386 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of Pegasystems by 159.8% during the 2nd quarter. UMB Bank n.a. now owns 730 shares of the technology company's stock worth $40,000 after buying an additional 449 shares during the period. Institutional investors own 46.89% of the company's stock.

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.