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

Key Points

• Alan Trefler, Chairman of Pegasystems, sold **45,000 shares** of the company for approximately **$2.55 million**, reducing his ownership by **0.10%**.
• Pegasystems reported earnings of **$0.30 per share**, exceeding analyst expectations of **$0.18**, and recorded a **17.3% year-over-year revenue increase**.
• The company has recently declared a quarterly dividend of **$0.03**, representing an annualized dividend yield of **0.2%** with a payout ratio of **10.34%**.

Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) Chairman Alan Trefler sold 45,000 shares of the business's stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $56.73, for a total transaction of $2,552,850.00. Following the sale, the chairman directly owned 44,979,364 shares in the company, valued at $2,551,679,319.72. The trade was a 0.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, September 16th, Alan Trefler sold 45,000 shares of Pegasystems stock. The shares were sold at an average price of $58.22, for a total transaction of $2,619,900.00.
• On Tuesday, August 5th, Alan Trefler sold 45,000 shares of Pegasystems stock. The shares were sold at an average price of $57.49, for a total transaction of $2,587,050.00.

Pegasystems Stock Performance

PEGA stock traded up $0.05 during midday trading on Thursday, reaching $65.64. 3,683,398 shares of the company's stock traded hands, compared to its average volume of 1,851,388. The company has a 50-day moving average price of $56.22 and a two-hundred day moving average price of $51.29. Pegasystems Inc. has a 52 week low of $29.84 and a 52 week high of $67.00. The firm has a market capitalization of $11.23 billion, a PE ratio of 44.05 and a beta of 1.08.

Pegasystems (NASDAQ:PEGA - Get Free Report) last released its quarterly earnings results on Tuesday, October 21st. The technology company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.12. The firm had revenue of $381.35 million for the quarter, compared to analysts' expectations of $351.95 million. Pegasystems had a net margin of 16.05% and a return on equity of 43.30%. The business's quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. As a group, analysts predict that Pegasystems Inc. will post 1.89 EPS for the current fiscal year.

Pegasystems Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PEGA. Barclays upped their target price on shares of Pegasystems from $58.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday. Citigroup upped their target price on shares of Pegasystems from $66.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Wedbush upped their target price on shares of Pegasystems from $70.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday. DA Davidson upgraded shares of Pegasystems from a "neutral" rating to a "buy" rating and upped their target price for the stock from $60.00 to $85.00 in a research report on Wednesday. Finally, Wall Street Zen lowered shares of Pegasystems from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 17th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Pegasystems presently has an average rating of "Moderate Buy" and a consensus price target of $69.61.

Institutional Investors Weigh In On Pegasystems

Institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. boosted its holdings in Pegasystems by 139.7% in the first quarter. SBI Securities Co. Ltd. now owns 549 shares of the technology company's stock worth $38,000 after purchasing an additional 320 shares during the last quarter. Spire Wealth Management lifted its stake in shares of Pegasystems by 274.2% in the 2nd quarter. Spire Wealth Management now owns 565 shares of the technology company's stock worth $31,000 after purchasing an additional 414 shares during the period. Mather Group LLC. purchased a new position in shares of Pegasystems in the third quarter worth approximately $33,000. GAMMA Investing LLC grew its position in Pegasystems by 50.5% during the first quarter. GAMMA Investing LLC now owns 599 shares of the technology company's stock valued at $42,000 after buying an additional 201 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Pegasystems by 902.9% during the 3rd quarter. Blue Trust Inc. now owns 682 shares of the technology company's stock valued at $39,000 after acquiring an additional 614 shares during the period. Hedge funds and other institutional investors 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.

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