Pegasystems Inc. (PEGA) Director William W. Wyman Sells 16,700 Shares
Pegasystems Inc. (NASDAQ:PEGA) Director William W. Wyman sold 16,700 shares of Pegasystems stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $27.91, for a total value of $466,097.00. Following the completion of the transaction, the director now owns 16,741 shares of the company’s stock, valued at approximately $467,241.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Pegasystems Inc. (NASDAQ:PEGA) opened at 27.93 on Wednesday. The stock’s 50 day moving average price is $26.26 and its 200 day moving average price is $26.35. Pegasystems Inc. has a one year low of $20.38 and a one year high of $30.23. The firm has a market capitalization of $2.13 billion, a PE ratio of 54.76 and a beta of 1.88.
Pegasystems (NASDAQ:PEGA) last announced its earnings results on Wednesday, August 3rd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.04. Pegasystems had a net margin of 5.44% and a return on equity of 16.25%. The business earned $189 million during the quarter, compared to the consensus estimate of $185.19 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. Analysts expect that Pegasystems Inc. will post $0.91 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be paid a dividend of $0.03 per share. The ex-dividend date is Thursday, September 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.43%. Pegasystems’s dividend payout ratio (DPR) is 24.00%.
Several large investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Pegasystems during the fourth quarter valued at $11,989,000. TIAA CREF Investment Management LLC increased its stake in shares of Pegasystems by 40.3% in the first quarter. TIAA CREF Investment Management LLC now owns 245,518 shares of the company’s stock valued at $6,231,000 after buying an additional 70,515 shares during the period. Teachers Advisors Inc. increased its stake in shares of Pegasystems by 2.0% in the first quarter. Teachers Advisors Inc. now owns 52,697 shares of the company’s stock valued at $1,337,000 after buying an additional 1,049 shares during the period. Prudential Financial Inc. increased its stake in shares of Pegasystems by 3.3% in the first quarter. Prudential Financial Inc. now owns 240,630 shares of the company’s stock valued at $6,107,000 after buying an additional 7,600 shares during the period. Finally, Algert Global LLC acquired a new stake in shares of Pegasystems during the first quarter valued at $244,000. Institutional investors and hedge funds own 41.74% of the company’s stock.
Several equities research analysts recently issued reports on PEGA shares. Zacks Investment Research upgraded Pegasystems from a “sell” rating to a “hold” rating in a report on Saturday. JMP Securities reiterated a “buy” rating on shares of Pegasystems in a report on Wednesday, June 8th. Wedbush reiterated an “outperform” rating and issued a $34.00 price objective on shares of Pegasystems in a report on Wednesday, June 8th. Finally, TheStreet cut Pegasystems from a “buy” rating to a “hold” rating in a report on Friday, August 26th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Pegasystems presently has a consensus rating of “Hold” and an average price target of $30.67.
Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega 7 platform. Its software is designed to assist clients in building, deploying, and evolving enterprise applications.
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