Pegasystems (NASDAQ:PEGA) CFO Kenneth Stillwell Sells 44,000 Shares of Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 44,000 shares of Pegasystems stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $44.81, for a total value of $1,971,640.00. Following the sale, the chief financial officer directly owned 109,123 shares in the company, valued at $4,889,801.63. This trade represents a 28.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Pegasystems Stock Down 2.0%

PEGA stock traded down $0.86 during midday trading on Friday, hitting $41.64. The company’s stock had a trading volume of 611,791 shares, compared to its average volume of 2,295,270. Pegasystems Inc. has a 12 month low of $29.84 and a 12 month high of $68.10. The company has a 50 day moving average of $47.53 and a two-hundred day moving average of $54.41. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 19.47 and a beta of 1.06.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The firm had revenue of $504.32 million for the quarter, compared to analysts’ expectations of $494.60 million. Pegasystems had a net margin of 22.54% and a return on equity of 38.86%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 earnings per share. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. On average, analysts anticipate that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Pegasystems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. Pegasystems’s dividend payout ratio is presently 5.63%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its stake in Pegasystems by 23.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,987,291 shares of the technology company’s stock worth $286,769,000 after purchasing an additional 937,216 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Pegasystems by 1.3% in the third quarter. Thrivent Financial for Lutherans now owns 1,927,576 shares of the technology company’s stock worth $110,778,000 after buying an additional 25,598 shares during the period. Vest Financial LLC purchased a new position in Pegasystems during the 3rd quarter valued at $1,515,000. Intrinsic Edge Capital Management LLC bought a new position in Pegasystems in the 3rd quarter valued at $10,940,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Pegasystems by 40.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 218,917 shares of the technology company’s stock worth $12,489,000 after purchasing an additional 63,267 shares during the period. 46.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PEGA shares. JPMorgan Chase & Co. upped their price objective on Pegasystems from $65.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, December 5th. Royal Bank Of Canada set a $65.00 price target on shares of Pegasystems and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Pegasystems in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Pegasystems from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Zacks Research raised shares of Pegasystems from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Pegasystems currently has an average rating of “Moderate Buy” and a consensus target price of $67.60.

About Pegasystems

Pegasystems Inc is a software company specializing in customer engagement and digital process automation solutions. Headquartered in Cambridge, Massachusetts, Pegasystems develops enterprise applications designed to help organizations streamline operations, manage customer interactions and automate complex workflows. Its platform supports a wide range of use cases, from sales and marketing optimization to case management and robotic process automation.

The core of Pegasystems’ offering is the Pega Platform, a low-code development environment that enables businesses to build and deploy applications with minimal hand-coding.