Pegasystems (NASDAQ:PEGA) CAO Efstathios Kouninis Sells 235 Shares

Key Points

• Pegasystems' CAO, Efstathios Kouninis, sold 235 shares of the stock at an average price of $55.00, representing a 41.45% decrease in his ownership.
• The company's latest quarterly earnings report showed an EPS of $0.28, surpassing analysts' expectations, with a revenue increase of 9.5% year-over-year.
• Pegasystems recently increased its quarterly dividend from $0.02 to $0.03, indicating a positive trend in its financial management.

Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) CAO Efstathios Kouninis sold 235 shares of Pegasystems stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $55.00, for a total value of $12,925.00. Following the completion of the sale, the chief accounting officer owned 332 shares of the company's stock, valued at $18,260. The trade was a 41.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Pegasystems Price Performance

Pegasystems stock traded down $0.49 during midday trading on Tuesday, reaching $57.01. 942,849 shares of the company traded hands, compared to its average volume of 1,917,187. The firm has a market capitalization of $9.75 billion, a price-to-earnings ratio of 48.94 and a beta of 1.08. Pegasystems Inc. has a 12 month low of $29.84 and a 12 month high of $60.96. The business has a 50 day moving average of $53.93 and a two-hundred day moving average of $46.64.

Pegasystems (NASDAQ:PEGA - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.04. The company had revenue of $384.51 million during the quarter, compared to analysts' expectations of $345.07 million. Pegasystems had a return on equity of 42.42% and a net margin of 13.14%.Pegasystems's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 earnings per share. As a group, equities analysts forecast 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 paid a $0.03 dividend. This is a positive change from Pegasystems's previous quarterly dividend of $0.02. The ex-dividend date was Tuesday, July 1st. This represents a $0.12 annualized dividend and a dividend yield of 0.2%. Pegasystems's dividend payout ratio (DPR) is currently 10.34%.

Institutional Trading of Pegasystems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Spire Wealth Management boosted its position in shares of Pegasystems by 274.2% during the second quarter. Spire Wealth Management now owns 565 shares of the technology company's stock valued at $31,000 after buying an additional 414 shares during the period. CX Institutional purchased a new stake in shares of Pegasystems in the first quarter worth approximately $36,000. SBI Securities Co. Ltd. lifted its stake 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 acquiring an additional 320 shares during the last quarter. MAI Capital Management boosted its holdings in Pegasystems by 124.5% during the 2nd quarter. MAI Capital Management now owns 696 shares of the technology company's stock valued at $38,000 after acquiring an additional 386 shares during the period. Finally, UMB Bank n.a. grew its position in Pegasystems by 159.8% in the 2nd quarter. UMB Bank n.a. now owns 730 shares of the technology company's stock valued at $40,000 after acquiring an additional 449 shares during the last quarter. 46.89% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on PEGA shares. Rosenblatt Securities raised their price objective on Pegasystems from $56.00 to $59.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Loop Capital upped their price target on Pegasystems from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Wall Street Zen lowered shares of Pegasystems from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 17th. Royal Bank Of Canada reissued an "outperform" rating and issued a $60.00 target price on shares of Pegasystems in a report on Tuesday, June 3rd. Finally, Wedbush raised 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. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Pegasystems presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.83.

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.

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