Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell Sells 4,000 Shares

Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) CFO Kenneth Stillwell sold 4,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $52.64, for a total value of $210,560.00. Following the sale, the chief financial officer directly owned 49,350 shares in the company, valued at approximately $2,597,784. This trade represents a 7.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Kenneth Stillwell also recently made the following trade(s):

• On Monday, June 2nd, Kenneth Stillwell sold 4,000 shares of Pegasystems stock. The shares were sold at an average price of $48.74, for a total transaction of $194,960.00.
• On Thursday, May 1st, Kenneth Stillwell sold 4,000 shares of Pegasystems stock. The stock was sold at an average price of $46.47, for a total value of $185,860.00.
• On Friday, April 25th, Kenneth Stillwell sold 35,426 shares of Pegasystems stock. The shares were sold at an average price of $44.68, for a total value of $1,582,833.68.

Pegasystems Price Performance

PEGA traded up $1.44 on Friday, reaching $54.10. 1,164,940 shares of the company's stock were exchanged, compared to its average volume of 1,570,452. Pegasystems Inc. has a twelve month low of $28.31 and a twelve month high of $56.84. The stock has a market cap of $9.26 billion, a PE ratio of 52.52 and a beta of 1.13. The stock's fifty day moving average price is $49.52 and its 200-day moving average price is $45.07.

Pegasystems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.22%. The ex-dividend date is Tuesday, July 1st. This is a positive change from Pegasystems's previous quarterly dividend of $0.02. Pegasystems's payout ratio is currently 11.65%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Barclays increased their target price on Pegasystems from $48.00 to $50.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 4th. Loop Capital increased their price objective on shares of Pegasystems from $52.50 to $60.00 and gave the company a "buy" rating in a report on Monday. Wall Street Zen upgraded shares of Pegasystems from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Citigroup restated a "buy" rating and set a $66.00 price target on shares of Pegasystems in a research report on Wednesday, June 25th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $56.00 price objective on shares of Pegasystems in a report on Tuesday, June 24th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $54.05.

Institutional Investors Weigh In On Pegasystems

Hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in Pegasystems by 85.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company's stock worth $30,000 after purchasing an additional 149 shares during the period. CX Institutional acquired a new stake in shares of Pegasystems during the 1st quarter worth approximately $36,000. SBI Securities Co. Ltd. raised 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 valued at $38,000 after buying an additional 320 shares during the period. GAMMA Investing LLC lifted its holdings in Pegasystems by 50.5% in the first quarter. GAMMA Investing LLC now owns 599 shares of the technology company's stock valued at $42,000 after acquiring an additional 201 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in Pegasystems in the first quarter worth approximately $57,000. Hedge funds and other 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.