Insider Selling: Pegasystems Inc. (PEGA) CFO Sells 3,796 Shares of Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 3,796 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $51.52, for a total transaction of $195,569.92. Following the completion of the transaction, the chief financial officer now directly owns 3,372 shares in the company, valued at approximately $173,725.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Tuesday, January 2nd, Kenneth Stillwell sold 517 shares of Pegasystems stock. The stock was sold at an average price of $47.88, for a total transaction of $24,753.96.
  • On Friday, December 1st, Kenneth Stillwell sold 830 shares of Pegasystems stock. The stock was sold at an average price of $49.92, for a total transaction of $41,433.60.

Shares of Pegasystems Inc. (PEGA) traded down $1.60 during trading hours on Monday, hitting $48.80. 503,536 shares of the company’s stock traded hands, compared to its average volume of 379,422. Pegasystems Inc. has a 12 month low of $37.70 and a 12 month high of $64.85. The firm has a market capitalization of $3,860.00, a price-to-earnings ratio of 83.05 and a beta of 1.26.

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

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

Large investors have recently made changes to their positions in the business. Citigroup Inc. increased its stake in shares of Pegasystems by 666.5% in the second quarter. Citigroup Inc. now owns 4,116 shares of the technology company’s stock valued at $240,000 after purchasing an additional 3,579 shares during the period. Amalgamated Bank acquired a new stake in shares of Pegasystems in the second quarter valued at approximately $274,000. Prudential Financial Inc. acquired a new stake in shares of Pegasystems in the second quarter valued at approximately $274,000. Great West Life Assurance Co. Can increased its stake in shares of Pegasystems by 58.0% in the third quarter. Great West Life Assurance Co. Can now owns 4,935 shares of the technology company’s stock valued at $282,000 after purchasing an additional 1,811 shares during the period. Finally, Advisor Group Inc. increased its stake in shares of Pegasystems by 792.9% in the third quarter. Advisor Group Inc. now owns 5,134 shares of the technology company’s stock valued at $296,000 after purchasing an additional 4,559 shares during the period. Institutional investors own 45.72% of the company’s stock.

A number of equities analysts have issued reports on PEGA shares. TheStreet cut shares of Pegasystems from a “b-” rating to a “c” rating in a report on Wednesday, November 22nd. Zacks Investment Research raised shares of Pegasystems from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, BidaskClub raised shares of Pegasystems from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $63.00.

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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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