Pegasystems Inc. (NASDAQ:PEGA) Chairman Alan Trefler Sells 45,000 Shares

Key Points

• Alan Trefler, Chairman of Pegasystems Inc., sold 45,000 shares for a total of $2,587,050.00, decreasing his stake by 0.14% and retaining 32,961,692 shares valued at approximately $1.89 billion post-transaction.
• Pegasystems recently announced an increase in its quarterly dividend from $0.02 to $0.03, with a dividend yield of 0.2% and a payout ratio of 10.34%.
• The company's stock has faced volatility, trading down 6.7% to $53.78, while its market capitalization stands at approximately $9.20 billion.

Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) Chairman Alan Trefler sold 45,000 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $57.49, for a total transaction of $2,587,050.00. Following the completion of the sale, the chairman owned 32,961,692 shares in the company, valued at approximately $1,894,967,673.08. This trade represents a 0.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Wednesday, July 9th, Alan Trefler sold 45,000 shares of Pegasystems stock. The shares were sold at an average price of $53.34, for a total transaction of $2,400,300.00.
• On Wednesday, June 18th, Alan Trefler sold 31,500 shares of Pegasystems stock. The shares were sold at an average price of $100.83, for a total transaction of $3,176,145.00.
• On Tuesday, June 17th, Alan Trefler sold 63,000 shares of Pegasystems stock. The shares were sold at an average price of $50.52, for a total transaction of $3,182,760.00.
• On Tuesday, May 27th, Alan Trefler sold 63,000 shares of Pegasystems stock. The shares were sold at an average price of $48.25, for a total transaction of $3,039,750.00.

Pegasystems Stock Down 0.6%

Pegasystems stock traded down $0.30 during trading hours on Monday, hitting $50.92. The stock had a trading volume of 184,931 shares, compared to its average volume of 2,004,280. The company has a 50-day moving average of $52.98 and a two-hundred day moving average of $46.13. The company has a market cap of $8.71 billion, a PE ratio of 43.86 and a beta of 1.10. Pegasystems Inc. has a fifty-two week low of $29.84 and a fifty-two week high of $60.96.

Pegasystems (NASDAQ:PEGA - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.28 EPS for the quarter, topping 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 company had revenue of $384.51 million during the quarter, compared to the consensus estimate of $345.07 million. During the same period last year, the firm earned $0.26 EPS. The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, analysts forecast that Pegasystems Inc. will post 1.89 EPS for the current fiscal year.

Pegasystems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were paid a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This is an increase from Pegasystems's previous quarterly dividend of $0.02. This represents a $0.12 dividend on an annualized basis and a yield of 0.2%. Pegasystems's payout ratio is presently 10.34%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PEGA. Treasurer of the State of North Carolina raised its position in Pegasystems by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 19,597 shares of the technology company's stock worth $1,826,000 after acquiring an additional 120 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Pegasystems by 2.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,875 shares of the technology company's stock worth $548,000 after acquiring an additional 139 shares in the last quarter. Amalgamated Bank raised its position in Pegasystems by 5.3% during the first quarter. Amalgamated Bank now owns 3,060 shares of the technology company's stock worth $213,000 after acquiring an additional 153 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 purchasing an additional 201 shares during the last quarter. Finally, Focus Partners Wealth increased its holdings in shares of Pegasystems by 9.1% in the fourth quarter. Focus Partners Wealth now owns 3,533 shares of the technology company's stock valued at $329,000 after purchasing an additional 294 shares during the last quarter. Institutional investors own 46.89% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PEGA. Rosenblatt Securities boosted their price objective on shares of Pegasystems from $56.00 to $59.00 and gave the company a "buy" rating in a research report on Monday, July 21st. JMP Securities upped their price target 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. Barclays upped their price target on shares of Pegasystems from $50.00 to $58.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 23rd. Loop Capital increased their target price on shares of Pegasystems from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, Wedbush increased their target price on shares of Pegasystems from $68.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $61.83.

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.