Pegasystems Inc. (PEGA) SVP Sells $68,747.98 in Stock
Pegasystems Inc. (NASDAQ:PEGA) SVP Douglas I. Kra sold 1,189 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $57.82, for a total value of $68,747.98. Following the completion of the sale, the senior vice president now directly owns 25,668 shares in the company, valued at $1,484,123.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Pegasystems Inc. (PEGA) traded down $0.95 during trading on Friday, reaching $57.35. The company’s stock had a trading volume of 256,226 shares, compared to its average volume of 251,618. The stock has a market cap of $4.42 billion, a P/E ratio of 100.61 and a beta of 1.35.
Pegasystems (NASDAQ:PEGA) last posted its earnings results on Wednesday, August 9th. The technology company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.04). The firm had revenue of $197.98 million during the quarter, compared to the consensus estimate of $205.06 million. Pegasystems had a net margin of 6.17% and a return on equity of 13.06%. Pegasystems’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 earnings per share. equities analysts predict that Pegasystems Inc. will post 0.5 earnings per share for the current fiscal year.
The company also recently announced 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 is presently 19.67%.
Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of Montreal Can raised its position in shares of Pegasystems by 1.3% during the second quarter. Bank of Montreal Can now owns 4,785 shares of the technology company’s stock worth $280,000 after acquiring an additional 62 shares during the last quarter. Legal & General Group Plc raised its position in shares of Pegasystems by 1.1% during the second quarter. Legal & General Group Plc now owns 14,206 shares of the technology company’s stock worth $830,000 after acquiring an additional 155 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Pegasystems by 2.0% during the second quarter. The Manufacturers Life Insurance Company now owns 29,432 shares of the technology company’s stock worth $1,717,000 after acquiring an additional 587 shares during the last quarter. ING Groep NV raised its position in shares of Pegasystems by 3.3% during the second quarter. ING Groep NV now owns 25,914 shares of the technology company’s stock worth $1,512,000 after acquiring an additional 839 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in shares of Pegasystems by 6.2% during the second quarter. Voya Investment Management LLC now owns 17,380 shares of the technology company’s stock worth $1,014,000 after acquiring an additional 1,010 shares during the last quarter. Institutional investors own 44.45% of the company’s stock.
Several research firms recently weighed in on PEGA. Mitsubishi UFJ Financial Group set a $57.00 price objective on Pegasystems and gave the company a “buy” rating in a research note on Thursday, August 10th. BidaskClub lowered Pegasystems from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research downgraded Pegasystems from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Pegasystems has an average rating of “Hold” and an average 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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