Leon Trefler Sells 752 Shares of Pegasystems Inc. (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) insider Leon Trefler sold 752 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $93.83, for a total value of $70,560.16. Following the sale, the insider now directly owns 37,973 shares in the company, valued at $3,563,006.59. This represents a 1.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Leon Trefler also recently made the following trade(s):

• On Monday, December 2nd, Leon Trefler sold 752 shares of Pegasystems stock. The stock was sold at an average price of $94.60, for a total value of $71,139.20.
• On Friday, November 1st, Leon Trefler sold 8,288 shares of Pegasystems stock. The shares were sold at an average price of $81.23, for a total value of $673,234.24.

Pegasystems Stock Up 1.6 %

Pegasystems stock traded up $1.52 during trading hours on Friday, hitting $94.50. The stock had a trading volume of 531,491 shares, compared to its average volume of 553,396. The business’s 50 day simple moving average is $91.18 and its 200-day simple moving average is $75.12. Pegasystems Inc. has a one year low of $44.07 and a one year high of $97.94. The stock has a market cap of $8.10 billion, a price-to-earnings ratio of 68.98 and a beta of 1.09.

Pegasystems (NASDAQ:PEGA) last posted its earnings results on Wednesday, October 23rd. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. Pegasystems had a net margin of 8.29% and a return on equity of 37.83%. The business had revenue of $325.10 million for the quarter, compared to the consensus estimate of $326.16 million. During the same period last year, the company earned $0.14 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year. Research analysts anticipate that Pegasystems Inc. will post 1.61 EPS for the current fiscal year.

Pegasystems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 2nd will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend is Thursday, January 2nd. Pegasystems’s dividend payout ratio is currently 8.76%.

Wall Street Analyst Weigh In

Several research firms have commented on PEGA. Citigroup raised their target price on shares of Pegasystems from $99.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Barclays lifted their price objective on shares of Pegasystems from $74.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. StockNews.com upgraded Pegasystems from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. Wedbush lifted their price target on Pegasystems from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada raised their price objective on Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Pegasystems currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PEGA. Raymond James & Associates acquired a new position in shares of Pegasystems in the second quarter worth approximately $1,598,000. Allspring Global Investments Holdings LLC lifted its position in shares of Pegasystems by 4.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 12,058 shares of the technology company’s stock worth $730,000 after purchasing an additional 505 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Pegasystems by 4.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,187 shares of the technology company’s stock valued at $738,000 after purchasing an additional 470 shares during the last quarter. Rhumbline Advisers increased its position in shares of Pegasystems by 2.1% during the second quarter. Rhumbline Advisers now owns 52,022 shares of the technology company’s stock worth $3,149,000 after buying an additional 1,087 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Pegasystems by 82.0% during the second quarter. Victory Capital Management Inc. now owns 59,841 shares of the technology company’s stock worth $3,622,000 after buying an additional 26,959 shares during the last quarter. 46.89% of the stock is owned by institutional investors and hedge funds.

About Pegasystems

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.