Pegasystems (NASDAQ:PEGA) CFO Sells $577,738.24 in Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 16,256 shares of the business’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $35.54, for a total transaction of $577,738.24. Following the completion of the sale, the chief financial officer owned 87,225 shares in the company, valued at $3,099,976.50. This represents a 15.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kenneth Stillwell also recently made the following trade(s):

• On Friday, September 11th, Kenneth Stillwell sold 39,627 shares of Pegasystems stock. The shares were sold at an average price of $35.77, for a total transaction of $1,417,457.79.

Pegasystems Stock Performance

NASDAQ:PEGA traded down $1.17 during mid-day trading on Friday, hitting $32.40. 2,602,201 shares of the company’s stock traded hands, compared to its average volume of 2,432,578. The firm’s 50 day simple moving average is $35.32 and its 200 day simple moving average is $36.87. Pegasystems Inc. has a 1 year low of $25.10 and a 1 year high of $63.26. The company has a market cap of $5.30 billion, a PE ratio of 20.12 and a beta of 0.94.

Pegasystems (NASDAQ:PEGA) last announced its earnings results on Tuesday, October 20th. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.10). Pegasystems had a return on equity of 35.22% and a net margin of 16.86%. The business had revenue of $393.36 million for the quarter, compared to analyst estimates of $421.06 million. During the same quarter in the previous year, the firm posted $0.30 EPS. The business’s revenue was up 3.1% on a year-over-year basis. On average, research analysts expect that Pegasystems Inc. will post 1.43 earnings per share for the current fiscal year.

Pegasystems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, October 1st. Pegasystems’s dividend payout ratio (DPR) is 7.45%.

Institutional Investors Weigh In On Pegasystems

Several hedge funds have recently modified their holdings of PEGA. GAMMA Investing LLC raised its position in shares of Pegasystems by 21.6% in the third quarter. GAMMA Investing LLC now owns 1,597 shares of the technology company’s stock valued at $53,000 after buying an additional 284 shares during the last quarter. State of Michigan Retirement System lifted its stake in shares of Pegasystems by 1.4% during the first quarter. State of Michigan Retirement System now owns 22,000 shares of the technology company’s stock valued at $936,000 after buying an additional 300 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Pegasystems by 26.4% during the third quarter. Nisa Investment Advisors LLC now owns 1,547 shares of the technology company’s stock valued at $52,000 after buying an additional 323 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Pegasystems by 2.2% during the first quarter. Oregon Public Employees Retirement Fund now owns 18,700 shares of the technology company’s stock worth $796,000 after acquiring an additional 400 shares during the last quarter. Finally, State of Wyoming boosted its position in Pegasystems by 3.4% during the first quarter. State of Wyoming now owns 12,709 shares of the technology company’s stock worth $541,000 after acquiring an additional 423 shares during the last quarter. 46.89% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Weiss Ratings lowered Pegasystems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $40.00 price target (up from $35.00) on shares of Pegasystems in a research report on Thursday, October 22nd. UBS Group downgraded Pegasystems to a “sell” rating in a research report on Wednesday, October 21st. KeyCorp cut Pegasystems from an “overweight” rating to a “sector weight” rating in a report on Wednesday, July 22nd. Finally, Loop Capital downgraded Pegasystems from a “buy” rating to a “hold” rating and reduced their price objective for the company from $55.00 to $25.00 in a research report on Thursday, July 23rd. Six research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Pegasystems presently has an average rating of “Hold” and a consensus target price of $45.73.

About Pegasystems

Pegasystems Inc is a software company that develops enterprise applications for customer engagement, workflow automation and business process management. Its technology helps organizations manage customer interactions, automate repetitive work, coordinate complex processes and make data-driven decisions across departments and channels.

The company’s portfolio includes Pega Platform, a low-code application development and workflow platform, along with solutions for customer service, sales automation, marketing, decisioning and artificial intelligence.