Pegasystems (NASDAQ:PEGA) CAO Sells $150,096.00 in Stock

Key Points

• Efstathios Kouninis, CAO of Pegasystems, sold 2,544 shares at an average price of $59.00, totaling $150,096.00, as disclosed in a SEC filing.
• Pegasystems reported a profit of $0.28 per share in its last quarter, exceeding expectations, with revenues rising 9.5% year-over-year to $384.51 million.
• The company announced a quarterly dividend of $0.03 per share, with a yield of 0.2%, payable on October 15th to shareholders of record on October 1st.

Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) CAO Efstathios A. Kouninis sold 2,544 shares of Pegasystems stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $59.00, for a total transaction of $150,096.00. The transaction was disclosed in a filing with the SEC, which is available through this link.

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 Price Performance

Shares of PEGA stock remained flat at $59.68 during trading hours on Friday. 5,133,435 shares of the stock traded hands, compared to its average volume of 1,116,857. The company's 50-day moving average price is $54.89 and its two-hundred day moving average price is $47.73. Pegasystems Inc. has a 12 month low of $29.84 and a 12 month high of $60.96. The firm has a market cap of $10.21 billion, a PE ratio of 51.23 and a beta of 1.08.

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 the consensus estimate 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 analyst estimates of $345.07 million. During the same quarter last year, the business posted $0.26 EPS. Pegasystems's quarterly revenue was up 9.5% compared to the same quarter last year. Research analysts forecast that Pegasystems Inc. will post 1.89 EPS for the current fiscal year.

Pegasystems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.03 per share. The ex-dividend date is Wednesday, October 1st. This represents a $0.12 annualized dividend and a dividend yield of 0.2%. Pegasystems's dividend payout ratio (DPR) is presently 10.34%.

Analyst Ratings Changes

PEGA has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated an "outperform" rating and issued a $60.00 price objective on shares of Pegasystems in a research note on Tuesday, June 3rd. Citigroup lifted their price objective on shares of Pegasystems from $66.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. DA Davidson lifted their price objective on shares of Pegasystems from $50.00 to $60.00 and gave the company a "neutral" 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 research note on Sunday, August 17th. Finally, JMP Securities lifted their price objective on shares of Pegasystems from $55.00 to $62.50 and gave the company a "market outperform" rating in a research note on Tuesday, June 3rd. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $61.83.

Institutional Trading of Pegasystems

A number of hedge funds have recently made changes to their positions in PEGA. Spire Wealth Management lifted its holdings in shares of Pegasystems by 274.2% during the 2nd quarter. Spire Wealth Management now owns 565 shares of the technology company's stock worth $31,000 after acquiring an additional 414 shares during the last quarter. CX Institutional bought a new stake in shares of Pegasystems during the 1st quarter worth $36,000. SBI Securities Co. Ltd. lifted its holdings 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 lifted its holdings in shares of Pegasystems by 124.5% during the 2nd quarter. MAI Capital Management now owns 696 shares of the technology company's stock worth $38,000 after acquiring an additional 386 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in Pegasystems by 159.8% in the second quarter. UMB Bank n.a. now owns 730 shares of the technology company's stock worth $40,000 after purchasing an additional 449 shares during the last quarter. 46.89% of the stock is owned by institutional investors.

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.