Kenneth Stillwell Sells 3,978 Shares of Pegasystems Inc. (PEGA) Stock
Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 3,978 shares of Pegasystems stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $57.83, for a total transaction of $230,047.74. Following the transaction, the chief financial officer now directly owns 5,094 shares of the company’s stock, valued at $294,586.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Kenneth Stillwell also recently made the following trade(s):
- On Monday, October 2nd, Kenneth Stillwell sold 1,228 shares of Pegasystems stock. The stock was sold at an average price of $57.97, for a total transaction of $71,187.16.
- On Friday, September 1st, Kenneth Stillwell sold 1,227 shares of Pegasystems stock. The stock was sold at an average price of $57.47, for a total transaction of $70,515.69.
Pegasystems Inc. (PEGA) traded down $0.95 during trading on Friday, reaching $57.35. 256,226 shares of the company’s stock traded hands, compared to its average volume of 251,618. The company has a market capitalization of $4.42 billion, a PE ratio of 100.61 and a beta of 1.35.
Pegasystems (NASDAQ:PEGA) last released its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.04). The company had revenue of $197.98 million during the quarter, compared to analysts’ expectations of $205.06 million. Pegasystems had a net margin of 6.17% and a return on equity of 13.06%. Pegasystems’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $0.19 earnings per share. equities analysts forecast that Pegasystems Inc. will post 0.5 EPS for the current fiscal year.
The business also recently disclosed a dividend, which was paid on Friday, October 6th. Shareholders of record on Monday, October 2nd were given a $0.03 dividend. The ex-dividend date of this dividend was Friday, September 29th. Pegasystems’s dividend payout ratio (DPR) is 19.67%.
Institutional investors have recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. purchased a new stake in Pegasystems in the 2nd quarter valued at about $105,000. Sei Investments Co. lifted its position in shares of Pegasystems by 4,892.9% in the 2nd quarter. Sei Investments Co. now owns 2,097 shares of the technology company’s stock worth $122,000 after purchasing an additional 2,055 shares during the period. Citigroup Inc. lifted its position in shares of Pegasystems by 666.5% in the 2nd quarter. Citigroup Inc. now owns 4,116 shares of the technology company’s stock worth $240,000 after purchasing an additional 3,579 shares during the period. Prudential Financial Inc. purchased a new stake in shares of Pegasystems in the 2nd quarter worth approximately $274,000. Finally, Amalgamated Bank purchased a new stake in shares of Pegasystems in the 2nd quarter worth approximately $274,000. 44.45% of the stock is owned by institutional investors.
PEGA has been the subject of a number of recent analyst reports. BidaskClub cut shares of Pegasystems from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Zacks Investment Research cut shares of Pegasystems from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, Mitsubishi UFJ Financial Group set a $57.00 price target on shares of Pegasystems and gave the stock a “buy” rating in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $63.00.
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.
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