Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) Chairman Alan Trefler sold 31,500 shares of the firm's stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $68.41, for a total value of $2,154,915.00. Following the sale, the chairman now owns 17,184,614 shares in the company, valued at $1,175,599,443.74. This trade represents a 0.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Alan Trefler also recently made the following trade(s):
- On Tuesday, March 11th, Alan Trefler sold 31,500 shares of Pegasystems stock. The stock was sold at an average price of $70.93, for a total value of $2,234,295.00.
- On Tuesday, February 25th, Alan Trefler sold 31,500 shares of Pegasystems stock. The shares were sold at an average price of $77.38, for a total transaction of $2,437,470.00.
Pegasystems Price Performance
PEGA opened at $66.39 on Tuesday. The firm's fifty day moving average price is $73.29 and its 200 day moving average price is $85.41. The stock has a market capitalization of $5.70 billion, a PE ratio of 65.73 and a beta of 1.22. Pegasystems Inc. has a 12-month low of $54.55 and a 12-month high of $113.67.
Pegasystems (NASDAQ:PEGA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.20). Pegasystems had a net margin of 6.63% and a return on equity of 32.09%. On average, equities research analysts forecast that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.
Pegasystems Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were paid a dividend of $0.015 per share. The ex-dividend date was Tuesday, April 1st. This represents a $0.06 annualized dividend and a yield of 0.09%. Pegasystems's dividend payout ratio (DPR) is 11.88%.
Institutional Trading of Pegasystems
Several hedge funds have recently made changes to their positions in PEGA. Sanctuary Advisors LLC lifted its stake in Pegasystems by 4.9% in the fourth quarter. Sanctuary Advisors LLC now owns 4,667 shares of the technology company's stock valued at $435,000 after buying an additional 219 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Pegasystems by 48.0% during the 4th quarter. Global Retirement Partners LLC now owns 789 shares of the technology company's stock valued at $74,000 after purchasing an additional 256 shares during the period. Principal Financial Group Inc. grew its position in Pegasystems by 9.7% in the 4th quarter. Principal Financial Group Inc. now owns 3,993 shares of the technology company's stock worth $372,000 after purchasing an additional 354 shares during the last quarter. Kestra Investment Management LLC raised its holdings in shares of Pegasystems by 32.8% during the fourth quarter. Kestra Investment Management LLC now owns 16,230 shares of the technology company's stock valued at $1,513,000 after buying an additional 4,011 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of Pegasystems by 1.2% during the fourth quarter. Swiss National Bank now owns 84,000 shares of the technology company's stock worth $7,829,000 after buying an additional 1,000 shares during the period. Institutional investors own 46.89% of the company's stock.
Analyst Ratings Changes
PEGA has been the topic of a number of research analyst reports. DA Davidson decreased their price target on shares of Pegasystems from $90.00 to $70.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada boosted their price target on Pegasystems from $90.00 to $115.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Barclays cut their price objective on Pegasystems from $97.00 to $84.00 and set an "equal weight" rating on the stock in a report on Monday. JMP Securities reissued a "market outperform" rating and set a $110.00 target price on shares of Pegasystems in a research report on Thursday, February 13th. Finally, KeyCorp reduced their price target on shares of Pegasystems from $118.00 to $94.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $96.09.
Read Our Latest Stock Report on Pegasystems
Pegasystems Company Profile
(
Get Free Report)
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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