Pegasystems Inc. (PEGA) CFO Kenneth Stillwell Sells 517 Shares

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 517 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $47.88, for a total value of $24,753.96. Following the transaction, the chief financial officer now directly owns 3,186 shares in the company, valued at approximately $152,545.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Friday, December 1st, Kenneth Stillwell sold 830 shares of Pegasystems stock. The shares were sold at an average price of $49.92, for a total value of $41,433.60.
  • On Wednesday, November 1st, Kenneth Stillwell sold 3,978 shares of Pegasystems stock. The shares were sold at an average price of $57.83, for a total value of $230,047.74.

Shares of Pegasystems Inc. (NASDAQ PEGA) traded up $0.20 on Thursday, reaching $48.25. The company had a trading volume of 208,059 shares, compared to its average volume of 336,767. The stock has a market cap of $3,760.00, a PE ratio of 81.78 and a beta of 1.25. Pegasystems Inc. has a twelve month low of $35.35 and a twelve month high of $64.85.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $179.80 million for the quarter, compared to analysts’ expectations 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 in the prior year, the firm posted $0.17 EPS. equities analysts forecast that Pegasystems Inc. will post 0.26 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid a $0.03 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.25%. Pegasystems’s dividend payout ratio is currently 20.34%.

A number of research analysts have recently commented on the company. BidaskClub raised Pegasystems from a “strong sell” rating to a “sell” rating in a research report on Wednesday. TheStreet cut Pegasystems from a “b-” rating to a “c” rating in a research report on Wednesday, November 22nd. Finally, Zacks Investment Research cut Pegasystems from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $63.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in PEGA. Russell Investments Group Ltd. bought a new position in Pegasystems in the 2nd quarter worth about $782,000. Sei Investments Co. increased its stake in 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 acquiring an additional 2,055 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Pegasystems by 0.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 158,207 shares of the technology company’s stock worth $9,232,000 after acquiring an additional 1,405 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Pegasystems by 14.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 251,561 shares of the technology company’s stock worth $14,677,000 after acquiring an additional 32,512 shares during the last quarter. Finally, Legal & General Group Plc increased 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. Institutional investors and hedge funds own 45.77% 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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