Pegasystems Inc. (NASDAQ:PEGA) VP Efstathios A. Kouninis sold 1,365 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $73.50, for a total transaction of $100,327.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Efstathios A. Kouninis also recently made the following trade(s):

  • On Friday, May 10th, Efstathios A. Kouninis sold 500 shares of Pegasystems stock. The stock was sold at an average price of $70.00, for a total transaction of $35,000.00.
  • On Wednesday, March 13th, Efstathios A. Kouninis sold 500 shares of Pegasystems stock. The stock was sold at an average price of $65.50, for a total transaction of $32,750.00.

Shares of NASDAQ:PEGA traded up $0.53 during midday trading on Friday, reaching $73.49. The company had a trading volume of 13,432 shares, compared to its average volume of 369,097. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.86 and a quick ratio of 1.86. Pegasystems Inc. has a 52-week low of $43.21 and a 52-week high of $76.49.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.31) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.24). The company had revenue of $212.50 million during the quarter, compared to analysts’ expectations of $237.63 million. Pegasystems had a negative return on equity of 4.85% and a negative net margin of 3.49%. Pegasystems’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same period last year, the firm posted $0.24 earnings per share. On average, analysts predict that Pegasystems Inc. will post -0.7 earnings per share for the current fiscal year.

Several analysts have recently issued reports on PEGA shares. TheStreet upgraded shares of Pegasystems from a “c” rating to a “b-” rating in a research note on Friday, March 22nd. Benchmark reiterated a “buy” rating and issued a $80.00 target price (up previously from $72.00) on shares of Pegasystems in a research note on Wednesday, May 8th. BidaskClub lowered shares of Pegasystems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 1st. Zacks Investment Research upgraded shares of Pegasystems from a “strong sell” rating to a “hold” rating and set a $67.00 target price for the company in a research note on Tuesday, February 19th. Finally, JMP Securities boosted their price target on shares of Pegasystems from $72.00 to $81.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $79.20.

Several large investors have recently modified their holdings of PEGA. Quantamental Technologies LLC boosted its holdings in shares of Pegasystems by 542.2% in the 1st quarter. Quantamental Technologies LLC now owns 411 shares of the technology company’s stock worth $27,000 after buying an additional 347 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Pegasystems by 46.1% in the 4th quarter. Parallel Advisors LLC now owns 792 shares of the technology company’s stock worth $37,000 after buying an additional 250 shares during the last quarter. Tyers Asset Management LLC purchased a new position in shares of Pegasystems in the 1st quarter worth about $53,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Pegasystems by 21.9% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 841 shares of the technology company’s stock worth $55,000 after buying an additional 151 shares during the last quarter. Finally, Lloyds Banking Group plc purchased a new position in shares of Pegasystems in the 4th quarter worth about $65,000. 46.62% of the stock is currently owned by institutional investors.

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About Pegasystems

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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