Kenneth Stillwell Sells 2,000 Shares of Pegasystems Inc. (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 2,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $60.39, for a total transaction of $120,780.00. Following the completion of the transaction, the chief financial officer now owns 22,884 shares of the company’s stock, valued at approximately $1,381,964.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, April 1st, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The stock was sold at an average price of $63.70, for a total transaction of $127,400.00.
• On Friday, March 1st, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were sold at an average price of $66.43, for a total transaction of $132,860.00.
• On Thursday, February 22nd, Kenneth Stillwell sold 6,535 shares of Pegasystems stock. The stock was sold at an average price of $63.66, for a total value of $416,018.10.
• On Friday, February 16th, Kenneth Stillwell sold 20,606 shares of Pegasystems stock. The shares were sold at an average price of $63.17, for a total value of $1,301,681.02.

Pegasystems Price Performance

NASDAQ PEGA opened at $59.55 on Friday. The company has a 50-day moving average of $62.40 and a 200-day moving average of $53.83. Pegasystems Inc. has a 12 month low of $37.66 and a 12 month high of $69.26. The company has a market cap of $5.06 billion, a P/E ratio of 72.62 and a beta of 1.05.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.64. Pegasystems had a net margin of 5.32% and a return on equity of 45.00%. The company had revenue of $474.23 million for the quarter, compared to the consensus estimate of $428.76 million. As a group, equities research analysts anticipate that Pegasystems Inc. will post 1.5 EPS for the current year.

Pegasystems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a dividend of $0.03 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.12 annualized dividend and a yield of 0.20%. Pegasystems’s dividend payout ratio is presently 14.63%.

Hedge Funds Weigh In On Pegasystems

Several hedge funds and other institutional investors have recently modified their holdings of PEGA. Quadrant Capital Group LLC grew its stake in Pegasystems by 80.1% during the fourth quarter. Quadrant Capital Group LLC now owns 508 shares of the technology company’s stock worth $25,000 after buying an additional 226 shares during the period. Parkside Financial Bank & Trust increased its holdings in Pegasystems by 219.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock valued at $26,000 after purchasing an additional 364 shares in the last quarter. Headlands Technologies LLC purchased a new position in Pegasystems in the fourth quarter valued at about $26,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Pegasystems during the fourth quarter worth about $44,000. Finally, CWM LLC boosted its position in shares of Pegasystems by 80.1% in the third quarter. CWM LLC now owns 1,160 shares of the technology company’s stock worth $50,000 after buying an additional 516 shares during the period. 46.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PEGA has been the subject of a number of research analyst reports. StockNews.com upgraded Pegasystems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 13th. TheStreet upgraded shares of Pegasystems from a “d+” rating to a “c” rating in a research report on Thursday, February 15th. Royal Bank of Canada increased their price target on shares of Pegasystems from $65.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. DA Davidson restated a “neutral” rating and set a $60.00 price objective on shares of Pegasystems in a research report on Monday, March 4th. Finally, Wedbush reiterated an “outperform” rating and set a $90.00 target price on shares of Pegasystems in a report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $72.33.

Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients' processes and workflows.