Pegasystems Inc. (PEGA) Director Sells $18,661.32 in Stock
Pegasystems Inc. (NASDAQ:PEGA) Director Richard H. Jones sold 666 shares of the firm’s stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $28.02, for a total transaction of $18,661.32. Following the sale, the director now directly owns 616,260 shares in the company, valued at $17,267,605.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Pegasystems Inc. (NASDAQ:PEGA) traded up 3.29% on Wednesday, reaching $28.85. 387,300 shares of the company traded hands. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 56.57 and a beta of 1.88. The firm has a 50 day moving average price of $26.31 and a 200 day moving average price of $26.37. Pegasystems Inc. has a 52-week low of $20.38 and a 52-week high of $30.23.
Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.04. The firm had revenue of $189 million for the quarter, compared to the consensus estimate of $185.19 million. Pegasystems had a return on equity of 16.25% and a net margin of 5.44%. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 EPS. Equities research analysts predict that Pegasystems Inc. will post $0.91 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.12 annualized dividend and a yield of 0.42%. Pegasystems’s payout ratio is presently 24.00%.
Several research firms recently issued reports on PEGA. Zacks Investment Research raised shares of Pegasystems from a “sell” rating to a “hold” rating in a research report on Saturday. JMP Securities reissued a “buy” rating on shares of Pegasystems in a research report on Wednesday, June 8th. Wedbush reissued an “outperform” rating and issued a $34.00 target price on shares of Pegasystems in a research report on Wednesday, June 8th. Finally, TheStreet cut shares of Pegasystems from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $30.67.
A number of hedge funds have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its stake in Pegasystems by 23.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 384,704 shares of the company’s stock valued at $10,368,000 after buying an additional 73,510 shares during the last quarter. American Century Companies Inc. increased its stake in Pegasystems by 2.3% in the second quarter. American Century Companies Inc. now owns 160,874 shares of the company’s stock valued at $4,336,000 after buying an additional 3,637 shares during the last quarter. AQR Capital Management LLC increased its stake in Pegasystems by 10.0% in the second quarter. AQR Capital Management LLC now owns 57,591 shares of the company’s stock valued at $1,552,000 after buying an additional 5,239 shares during the last quarter. Polar Capital LLP bought a new stake in Pegasystems during the second quarter valued at about $10,462,000. Finally, Ranger Investment Management L.P. bought a new stake in Pegasystems during the second quarter valued at about $21,009,000. Hedge funds and other institutional investors own 41.74% of the company’s stock.
Pegasystems Company Profile
Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega 7 platform. Its software is designed to assist clients in building, deploying, and evolving enterprise applications.
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