Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios A. Kouninis sold 728 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $49.73, for a total value of $36,203.44. Following the completion of the sale, the chief accounting officer now directly owns 1,012 shares of the company’s stock, valued at approximately $50,326.76. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of Pegasystems Inc. (NASDAQ PEGA) traded up $0.10 during mid-day trading on Monday, reaching $49.75. The company had a trading volume of 344,402 shares, compared to its average volume of 332,117. The stock has a market cap of $3,865.75, a price-to-earnings ratio of 115.46 and a beta of 1.24. Pegasystems Inc. has a one year low of $34.05 and a one year high of $64.85.

Pegasystems (NASDAQ:PEGA) last issued its earnings results on Wednesday, November 8th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. The company had revenue of $179.80 million during the quarter, compared to analyst estimates of $200.15 million. Pegasystems had a return on equity of 9.86% and a net margin of 5.67%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the business posted $0.17 EPS. equities research analysts forecast that Pegasystems Inc. will post 0.26 EPS for the current year.

A number of research firms have recently weighed in on PEGA. TheStreet cut Pegasystems from a “b-” rating to a “c” rating in a research report on Wednesday, November 22nd. Zacks Investment Research cut Pegasystems from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $63.00.

A number of hedge funds have recently modified their holdings of the stock. Bank of Montreal Can raised its stake in Pegasystems by 1.3% in the 2nd 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 stake in Pegasystems by 1.1% in the 2nd 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 stake in Pegasystems by 2.0% in the 2nd 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. Voya Investment Management LLC raised its stake in Pegasystems by 6.2% in the 2nd 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. Finally, Swiss National Bank raised its stake in shares of Pegasystems by 2.2% during the 2nd quarter. Swiss National Bank now owns 64,300 shares of the technology company’s stock valued at $3,752,000 after buying an additional 1,400 shares during the last quarter. Institutional investors own 46.90% of the company’s stock.

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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 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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