Pegasystems (NASDAQ:PEGA) CAO Sells $12,925.00 in Stock

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 A. Kouninis sold 235 shares of the company's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $55.00, for a total transaction of $12,925.00. Following the completion of the transaction, the chief accounting officer owned 332 shares of the company's stock, valued at approximately $18,260. This trade represents a 41.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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 transaction of $34,716.30.

Pegasystems Trading Down 0.0%

Pegasystems stock traded down $0.01 during midday trading on Friday, hitting $58.07. 1,451,880 shares of the stock were exchanged, compared to its average volume of 1,033,406. The stock has a market capitalization of $9.93 billion, a price-to-earnings ratio of 49.85 and a beta of 1.08. The stock's 50-day simple moving average is $54.25 and its 200 day simple moving average is $47.15. 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 issued its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.04. The company had revenue of $384.51 million during the quarter, compared to the consensus estimate of $345.07 million. Pegasystems had a net margin of 13.14% and a return on equity of 42.42%. The firm's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 earnings per share. Equities analysts anticipate that Pegasystems Inc. will post 1.89 EPS for the current fiscal year.

Pegasystems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were given a $0.03 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $0.12 annualized dividend and a dividend yield of 0.2%. This is a boost from Pegasystems's previous quarterly dividend of $0.02. Pegasystems's payout ratio is presently 10.34%.

Analysts Set New Price Targets

A number of research firms recently issued reports on PEGA. Wedbush increased their target price on shares of Pegasystems from $68.00 to $70.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Barclays lifted their target price on Pegasystems from $50.00 to $58.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 23rd. Rosenblatt Securities lifted their price target on Pegasystems from $56.00 to $59.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. DA Davidson lifted their price target on Pegasystems from $50.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Loop Capital boosted their target price on Pegasystems from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $61.83.

Hedge Funds Weigh In On Pegasystems

Several hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank grew its holdings in shares of 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 buying an additional 153 shares in the last quarter. GAMMA Investing LLC raised its holdings in Pegasystems by 50.5% in the 1st quarter. GAMMA Investing LLC now owns 599 shares of the technology company's stock valued at $42,000 after acquiring an additional 201 shares in the last quarter. Focus Partners Wealth increased its stake in shares of Pegasystems by 9.1% in the 4th 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. SBI Securities Co. Ltd. increased its stake in shares of Pegasystems by 139.7% in the 1st quarter. SBI Securities Co. Ltd. now owns 549 shares of the technology company's stock valued at $38,000 after purchasing an additional 320 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Pegasystems by 2.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,756 shares of the technology company's stock worth $956,000 after acquiring an additional 370 shares during the last quarter. Institutional investors and hedge funds 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.