Pegasystems Inc. (PEGA) CFO Sells $73,700.00 in Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 1,000 shares of Pegasystems stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $73.70, for a total value of $73,700.00. Following the sale, the chief financial officer now directly owns 6,369 shares in the company, valued at approximately $469,395.30. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Monday, April 1st, Kenneth Stillwell sold 1,000 shares of Pegasystems stock. The shares were sold at an average price of $65.96, for a total value of $65,960.00.
  • On Friday, March 8th, Kenneth Stillwell sold 5,000 shares of Pegasystems stock. The shares were sold at an average price of $63.96, for a total value 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.

Shares of PEGA stock traded up $1.27 during mid-day trading on Friday, hitting $75.17. 165,464 shares of the stock traded hands, compared to its average volume of 364,212. Pegasystems Inc. has a twelve month low of $43.21 and a twelve month high of $76.49. The stock has a market cap of $5.93 billion, a PE ratio of 3,750.50 and a beta of 1.42.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings results on Wednesday, February 20th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.20. Pegasystems had a return on equity of 0.34% and a net margin of 1.19%. The company had revenue of $256.36 million for the quarter, compared to analysts’ expectations of $252.71 million. During the same period last year, the firm earned $0.45 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, sell-side analysts predict that Pegasystems Inc. will post -0.28 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend was Friday, March 29th.

Several equities analysts have recently issued reports on the company. Zacks Investment Research cut Pegasystems from a “buy” rating to a “hold” rating in a research report on Thursday. BidaskClub cut Pegasystems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Wedbush reiterated an “outperform” rating and set a $66.86 price target on shares of Pegasystems in a research report on Wednesday, April 10th. Finally, TheStreet upgraded Pegasystems from a “c” rating to a “b-” rating in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $66.93.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quantamental Technologies LLC grew its holdings in shares of Pegasystems by 542.2% in the 1st quarter. Quantamental Technologies LLC now owns 411 shares of the technology company’s stock worth $27,000 after acquiring an additional 347 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Pegasystems by 46.1% in the 4th quarter. Parallel Advisors LLC now owns 792 shares of the technology company’s stock worth $37,000 after acquiring an additional 250 shares during the last quarter. Lloyds Banking Group plc acquired a new position in shares of Pegasystems in the 4th quarter worth $65,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Pegasystems by 22.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,725 shares of the technology company’s stock worth $130,000 after acquiring an additional 495 shares during the last quarter. Finally, We Are One Seven LLC acquired a new position in shares of Pegasystems in the 4th quarter worth $140,000. Institutional investors and hedge funds own 47.83% of the company’s stock.

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About Pegasystems

Pegasystems Inc develops, markets, licenses, and supports enterprise software applications in the United States, India, and internationally. It provides Pega Platform, an application development product for clients; and Pega Infinity, a software platform that unifies customer engagement and digital process automation.

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