Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 1,228 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $57.97, for a total transaction of $71,187.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Friday, September 1st, Kenneth Stillwell sold 1,227 shares of Pegasystems stock. The shares were sold at an average price of $57.47, for a total transaction of $70,515.69.
  • On Tuesday, August 1st, Kenneth Stillwell sold 4,283 shares of Pegasystems stock. The shares were sold at an average price of $60.48, for a total transaction of $259,035.84.

Shares of Pegasystems Inc. (NASDAQ:PEGA) remained flat at $58.90 on Wednesday. The stock had a trading volume of 178,610 shares. The firm has a 50 day moving average price of $56.50 and a 200 day moving average price of $54.44. Pegasystems Inc. has a 12 month low of $28.43 and a 12 month high of $64.85. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 94.24 and a beta of 1.48.

Pegasystems (NASDAQ:PEGA) last released its earnings results on Wednesday, August 9th. The technology company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.04). The company had revenue of $197.98 million for the quarter, compared to analyst estimates of $205.06 million. Pegasystems had a net margin of 6.17% and a return on equity of 13.06%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.19 EPS. On average, equities analysts anticipate that Pegasystems Inc. will post $0.97 EPS for the current year.

The business also recently announced a dividend, which will be paid on Friday, October 6th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.03 per share. The ex-dividend date is Friday, September 29th. Pegasystems’s payout ratio is 19.67%.

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PEGA has been the topic of a number of recent analyst reports. Benchmark Co. reiterated a “buy” rating and set a $67.00 price target (up from $60.00) on shares of Pegasystems in a research note on Tuesday, June 6th. BidaskClub upgraded shares of Pegasystems from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 16th. Zacks Investment Research lowered shares of Pegasystems from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. JMP Securities reiterated an “outperform” rating and set a $63.00 price target (up from $55.00) on shares of Pegasystems in a research note on Wednesday, June 7th. Finally, Wedbush reiterated an “outperform” rating and set a $60.00 price target (down from $67.00) on shares of Pegasystems in a research note on Tuesday, June 6th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $63.00.

Several institutional investors and hedge funds have recently made changes to their positions in PEGA. Wells Fargo & Company MN grew its stake in shares of Pegasystems by 4.6% in the 1st quarter. Wells Fargo & Company MN now owns 33,155 shares of the technology company’s stock worth $1,454,000 after purchasing an additional 1,448 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Pegasystems by 33.6% in the 1st quarter. First Trust Advisors LP now owns 58,992 shares of the technology company’s stock worth $2,587,000 after purchasing an additional 14,841 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Pegasystems by 193.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 19,356 shares of the technology company’s stock worth $849,000 after purchasing an additional 12,758 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Pegasystems in the 1st quarter worth approximately $336,000. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of Pegasystems in the 1st quarter worth approximately $137,000. 44.47% of the stock is currently owned by institutional investors.

About Pegasystems

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 platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.

Insider Buying and Selling by Quarter for Pegasystems (NASDAQ:PEGA)

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