Pegasystems Director Unloads $62,550 in Stock (PEGA)
Pegasystems (NASDAQ:PEGA) Director Richard H. Jones sold 3,000 shares of Pegasystems stock on the open market in a transaction dated Thursday, June 5th. The shares were sold at an average price of $20.85, for a total value of $62,550.00. Following the completion of the sale, the director now directly owns 832,156 shares of the company’s stock, valued at approximately $17,350,453. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Pegasystems (NASDAQ:PEGA) traded up 3.91% on Friday, hitting $21.79. The stock had a trading volume of 358,097 shares. Pegasystems has a one year low of $15.51 and a one year high of $25.765. The stock has a 50-day moving average of $18.70 and a 200-day moving average of $21.13. The company has a market cap of $1.661 billion and a P/E ratio of 42.80.
Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. The company had revenue of $142.20 million for the quarter, compared to the consensus estimate of $136.60 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. On average, analysts predict that Pegasystems will post $0.80 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Friday, June 27th. This is an increase from Pegasystems’s previous quarterly dividend of $0.02.
A number of research firms have recently commented on PEGA. Analysts at TheStreet upgraded shares of Pegasystems from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. Separately, analysts at Wedbush upgraded shares of Pegasystems from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 21st. They now have a $27.00 price target on the stock, up previously from $25.00. Finally, analysts at Merriman Capital initiated coverage on shares of Pegasystems in a research note on Thursday, May 15th. They set a “buy” rating and a $24.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $23.98.
Pegasystems Inc develops, markets, licenses, and supports software, which allows organizations to build, deploy, and change enterprise applications.
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