Pegasystems Inc. (NASDAQ:PEGA) Insider Sells $45,375.68 in Stock

Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) insider Leon Trefler sold 752 shares of the company's stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $60.34, for a total transaction of $45,375.68. Following the completion of the transaction, the insider now directly owns 39,188 shares in the company, valued at $2,364,603.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, April 1st, Leon Trefler sold 752 shares of Pegasystems stock. The shares were sold at an average price of $64.20, for a total value of $48,278.40.
• On Tuesday, February 20th, Leon Trefler sold 1,504 shares of Pegasystems stock. The shares were sold at an average price of $63.80, for a total value of $95,955.20.

Pegasystems Stock Up 2.0 %

PEGA traded up $1.19 during midday trading on Wednesday, reaching $60.61. 657,235 shares of the company's stock were exchanged, compared to its average volume of 503,480. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 73.91 and a beta of 1.06. Pegasystems Inc. has a one year low of $37.66 and a one year high of $69.26. The business has a 50-day simple moving average of $62.60 and a two-hundred day simple moving average of $53.59.

Pegasystems (NASDAQ:PEGA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.64. The firm had revenue of $474.23 million during the quarter, compared to analysts' expectations of $428.76 million. Pegasystems had a net margin of 5.32% and a return on equity of 45.00%. As a group, research analysts anticipate that Pegasystems Inc. will post 1.5 EPS for the current fiscal year.

Pegasystems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.20%. The ex-dividend date was Thursday, March 28th. Pegasystems's payout ratio is 14.63%.

Analyst Ratings Changes

PEGA has been the topic of several research analyst reports. The Goldman Sachs Group raised their price target on Pegasystems from $50.00 to $70.00 and gave the company a "neutral" rating in a research report on Friday, February 16th. Barclays increased their target price on shares of Pegasystems from $66.00 to $69.00 and gave the company an "equal weight" rating in a research note on Friday, April 26th. Royal Bank of Canada increased their target price on shares of Pegasystems from $65.00 to $77.00 and gave the company an "outperform" rating in a research note on Friday, February 16th. DA Davidson reiterated a "neutral" rating and issued a $60.00 target price on shares of Pegasystems in a research note on Monday, March 4th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $75.00 target price on shares of Pegasystems in a research note on Tuesday, April 23rd. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $72.33.

Institutional Trading of Pegasystems

Hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC increased its holdings in shares of Pegasystems by 80.1% during the fourth quarter. Quadrant Capital Group LLC now owns 508 shares of the technology company's stock worth $25,000 after buying an additional 226 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Pegasystems by 219.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock worth $26,000 after buying an additional 364 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Pegasystems during the fourth quarter worth approximately $26,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Pegasystems during the fourth quarter worth approximately $44,000. Finally, CWM LLC increased its holdings in shares of Pegasystems by 80.1% during the third quarter. CWM LLC now owns 1,160 shares of the technology company's stock worth $50,000 after buying an additional 516 shares in the last quarter. 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.