Pegasystems Inc. (NASDAQ:PEGA) VP Michael R. Pyle sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $69.70, for a total value of $209,100.00. Following the completion of the sale, the vice president now owns 10,716 shares of the company’s stock, valued at $746,905.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Michael R. Pyle also recently made the following trade(s):

  • On Monday, July 1st, Michael R. Pyle sold 3,000 shares of Pegasystems stock. The stock was sold at an average price of $72.09, for a total value of $216,270.00.

Shares of NASDAQ:PEGA traded up $0.50 during trading on Friday, reaching $71.97. The stock had a trading volume of 6,635 shares, compared to its average volume of 258,287. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.72 and a current ratio of 1.72. The business has a fifty day moving average price of $72.35 and a 200-day moving average price of $70.38. Pegasystems Inc. has a 1-year low of $43.21 and a 1-year high of $79.67.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported ($0.50) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.33) by ($0.17). The firm had revenue of $205.60 million during the quarter, compared to analyst estimates of $203.16 million. Pegasystems had a negative return on equity of 9.39% and a negative net margin of 5.95%. The firm’s revenue was up 4.5% compared to the same quarter last year. As a group, equities research analysts expect that Pegasystems Inc. will post -0.77 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Trust Advisors LP grew its holdings in shares of Pegasystems by 274.4% during the second quarter. First Trust Advisors LP now owns 143,384 shares of the technology company’s stock valued at $10,210,000 after purchasing an additional 105,090 shares during the last quarter. Laurion Capital Management LP acquired a new position in Pegasystems in the first quarter valued at approximately $1,711,000. TimesSquare Capital Management LLC lifted its holdings in Pegasystems by 19.3% in the first quarter. TimesSquare Capital Management LLC now owns 700,975 shares of the technology company’s stock valued at $45,563,000 after acquiring an additional 113,275 shares during the period. Aperio Group LLC lifted its holdings in Pegasystems by 11.8% in the second quarter. Aperio Group LLC now owns 21,646 shares of the technology company’s stock valued at $1,542,000 after acquiring an additional 2,284 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in Pegasystems by 34.8% in the second quarter. Envestnet Asset Management Inc. now owns 29,124 shares of the technology company’s stock valued at $2,074,000 after acquiring an additional 7,519 shares during the period. 44.96% of the stock is currently owned by institutional investors.

A number of analysts have recently issued reports on PEGA shares. Zacks Investment Research raised Pegasystems from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 10th. BidaskClub lowered Pegasystems from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th. TheStreet lowered Pegasystems from a “b-” rating to a “c” rating in a research note on Wednesday, May 22nd. Finally, Wedbush lifted their price target on Pegasystems from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $80.20.

Pegasystems Company Profile

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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Insider Buying and Selling by Quarter for Pegasystems (NASDAQ:PEGA)

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