Insider Selling: Pegasystems Inc. (PEGA) CFO Sells 1,000 Shares of Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 1,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $65.96, for a total value of $65,960.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Friday, March 8th, Kenneth Stillwell sold 5,000 shares of Pegasystems stock. The stock was sold at an average price of $63.96, for a total transaction of $319,800.00.
  • On Tuesday, March 5th, Kenneth Stillwell sold 1,863 shares of Pegasystems stock. The shares were sold at an average price of $64.93, for a total value of $120,964.59.
  • On Friday, March 1st, Kenneth Stillwell sold 1,500 shares of Pegasystems stock. The shares were sold at an average price of $66.00, for a total value of $99,000.00.
  • On Friday, February 1st, Kenneth Stillwell sold 2,600 shares of Pegasystems stock. The shares were sold at an average price of $56.59, for a total value of $147,134.00.
  • On Wednesday, January 2nd, Kenneth Stillwell sold 400 shares of Pegasystems stock. The shares were sold at an average price of $46.90, for a total value of $18,760.00.

Pegasystems stock traded down $0.42 during trading hours on Wednesday, reaching $70.29. 10,349 shares of the company’s stock were exchanged, compared to its average volume of 338,729. Pegasystems Inc. has a twelve month low of $43.21 and a twelve month high of $70.76. The company has a market cap of $5.53 billion, a P/E ratio of 3,485.00 and a beta of 1.38.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings results on Wednesday, February 20th. The technology company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.20. The firm had revenue of $256.36 million during the quarter, compared to the consensus estimate of $252.71 million. Pegasystems had a return on equity of 0.34% and a net margin of 1.19%. The business’s revenue was up .7% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS. Analysts forecast that Pegasystems Inc. will post -0.28 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were given a $0.03 dividend. The ex-dividend date was Friday, March 29th. This represents a $0.12 annualized dividend and a yield of 0.17%.

A number of research firms recently weighed in on PEGA. Wedbush restated an “outperform” rating and issued a $66.86 price objective on shares of Pegasystems in a report on Wednesday, April 10th. BidaskClub upgraded Pegasystems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 3rd. TheStreet upgraded Pegasystems from a “c” rating to a “b-” rating in a report on Friday, March 22nd. Finally, Zacks Investment Research upgraded Pegasystems from a “strong sell” rating to a “hold” rating and set a $67.00 price target for the company in a report on Tuesday, February 19th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $68.62.

A number of hedge funds and other institutional investors have recently made changes to their positions in PEGA. Parallel Advisors LLC lifted its position in Pegasystems by 46.1% in the 4th quarter. Parallel Advisors LLC now owns 792 shares of the technology company’s stock valued at $37,000 after acquiring an additional 250 shares in the last quarter. Lloyds Banking Group plc purchased a new stake in Pegasystems in the 4th quarter valued at about $65,000. Quantbot Technologies LP purchased a new stake in Pegasystems in the 3rd quarter valued at about $122,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Pegasystems by 22.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,725 shares of the technology company’s stock valued at $130,000 after buying an additional 495 shares during the last quarter. Finally, We Are One Seven LLC purchased a new stake in Pegasystems in the 4th quarter valued at about $140,000. 48.02% of the stock is currently owned by institutional investors and hedge funds.

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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. The company offers customer engagement applications, including Pega Marketing that enable enterprises to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega sales automation to automate and manage the sales process; and Pega customer service to anticipate customer needs, connect customers, the right people and systems, and automate customer interactions to evolve the customer service experience and to allow enterprises to deliver interactions across channels and enhance employee productivity.

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