Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 517 shares of the firm’s stock in a transaction dated 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 $152,545.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

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

Pegasystems Inc. (NASDAQ PEGA) opened at $51.15 on Tuesday. Pegasystems Inc. has a 1-year low of $37.70 and a 1-year high of $64.85. The stock has a market cap of $3,980.00, a P/E ratio of 86.69 and a beta of 1.25.

Pegasystems (NASDAQ:PEGA) last released its earnings results on Wednesday, November 8th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $179.80 million during the quarter, compared to analyst estimates of $200.15 million. During the same period last year, the business earned $0.17 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. analysts expect that Pegasystems Inc. will post 0.26 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.23%. Pegasystems’s payout ratio is 20.34%.

Several hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its holdings 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 valued at $830,000 after purchasing an additional 155 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings 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 holdings 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. Swiss National Bank raised its holdings in Pegasystems by 2.2% in the 2nd quarter. Swiss National Bank now owns 64,300 shares of the technology company’s stock worth $3,752,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings 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. Hedge funds and other institutional investors own 45.79% of the company’s stock.

PEGA has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Pegasystems from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. BidaskClub lowered shares of Pegasystems from a “sell” rating to a “strong sell” rating in a report on Friday. Finally, TheStreet lowered shares of Pegasystems from a “b-” rating to a “c” rating in a report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Pegasystems has a consensus rating of “Hold” and an average price target of $63.00.

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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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