Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 1,949 shares of the firm’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $54.44, for a total transaction of $106,103.56. Following the sale, the chief financial officer now owns 13,749 shares of the company’s stock, valued at approximately $748,495.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Friday, June 1st, Kenneth Stillwell sold 2,075 shares of Pegasystems stock. The stock was sold at an average price of $62.29, for a total transaction of $129,251.75.
  • On Tuesday, May 1st, Kenneth Stillwell sold 2,057 shares of Pegasystems stock. The stock was sold at an average price of $60.93, for a total transaction of $125,333.01.

Shares of Pegasystems traded up $0.05, hitting $55.20, during trading hours on Tuesday, according to MarketBeat Ratings. The company’s stock had a trading volume of 221,000 shares, compared to its average volume of 465,526. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 251.14, a PEG ratio of 11.29 and a beta of 1.04. Pegasystems Inc. has a 52-week low of $45.40 and a 52-week high of $67.95.

Pegasystems (NASDAQ:PEGA) last posted its earnings results on Thursday, May 10th. The technology company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.07). The business had revenue of $235.18 million during the quarter, compared to analysts’ expectations of $228.97 million. Pegasystems had a return on equity of 3.62% and a net margin of 2.12%. Pegasystems’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 EPS. research analysts expect that Pegasystems Inc. will post 0.61 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Monday, July 2nd will be paid a $0.03 dividend. The ex-dividend date is Friday, June 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.22%. Pegasystems’s payout ratio is 54.55%.

A number of analysts recently issued reports on the stock. BidaskClub downgraded shares of Pegasystems from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. Zacks Investment Research upgraded shares of Pegasystems from a “sell” rating to a “hold” rating in a report on Wednesday, June 27th. Wedbush restated an “outperform” rating and set a $61.85 price objective (down previously from $73.00) on shares of Pegasystems in a report on Friday, March 16th. ValuEngine downgraded shares of Pegasystems from a “buy” rating to a “hold” rating in a report on Friday, June 8th. Finally, TheStreet upgraded shares of Pegasystems from a “c+” rating to a “b” rating in a report on Wednesday, March 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $67.67.

Institutional investors and hedge funds have recently bought and sold shares of the company. Summit Trail Advisors LLC increased its stake in shares of Pegasystems by 5,334.8% in the first quarter. Summit Trail Advisors LLC now owns 120,815 shares of the technology company’s stock worth $121,000 after purchasing an additional 118,592 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Pegasystems by 208.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,048 shares of the technology company’s stock worth $144,000 after purchasing an additional 2,061 shares in the last quarter. We Are One Seven LLC increased its stake in shares of Pegasystems by 787.4% in the first quarter. We Are One Seven LLC now owns 3,248 shares of the technology company’s stock worth $197,000 after purchasing an additional 2,882 shares in the last quarter. Hsbc Holdings PLC purchased a new position in shares of Pegasystems in the first quarter worth about $218,000. Finally, Princeton Capital Management LLC purchased a new position in shares of Pegasystems in the first quarter worth about $243,000. Hedge funds and other institutional investors own 45.78% of the company’s stock.

About Pegasystems

Pegasystems Inc develops, markets, licenses, and supports software applications for marketing, sales automation, customer service, and operations in the United States and internationally. It provides Pega Platform, an application development product for clients to build and extend their own applications.

Insider Buying and Selling by Quarter for Pegasystems (NASDAQ:PEGA)

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