Insider Selling: Pegasystems (NASDAQ:PEGA) CAO Sells 1,000 Shares of Stock

Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios Kouninis sold 1,000 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $42.88, for a total transaction of $42,880.00. Following the transaction, the chief accounting officer owned 3,365 shares in the company, valued at $144,291.20. This trade represents a 22.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Pegasystems Price Performance

Shares of Pegasystems stock traded up $0.10 during trading on Thursday, hitting $43.16. The stock had a trading volume of 1,184,332 shares, compared to its average volume of 2,354,332. Pegasystems Inc. has a 12 month low of $29.84 and a 12 month high of $68.10. The firm’s fifty day simple moving average is $46.24 and its 200-day simple moving average is $54.13. The stock has a market cap of $7.30 billion, a PE ratio of 20.22 and a beta of 1.06.

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

Pegasystems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. Pegasystems’s dividend payout ratio is currently 5.63%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on PEGA shares. Citizens Jmp dropped their price objective on Pegasystems from $78.00 to $58.00 and set a “market outperform” rating for the company in a report on Thursday, February 12th. Royal Bank Of Canada set a $65.00 target price on Pegasystems and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Wall Street Zen downgraded Pegasystems from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Pegasystems in a research note on Monday, December 29th. Finally, KeyCorp set a $60.00 price target on shares of Pegasystems in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.60.

Institutional Investors Weigh In On Pegasystems

A number of institutional investors and hedge funds have recently bought and sold shares of PEGA. NewEdge Advisors LLC grew its position in shares of Pegasystems by 1.4% during the 3rd quarter. NewEdge Advisors LLC now owns 13,652 shares of the technology company’s stock worth $785,000 after buying an additional 189 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Pegasystems by 27.3% in the third quarter. UMB Bank n.a. now owns 929 shares of the technology company’s stock valued at $53,000 after acquiring an additional 199 shares in the last quarter. Paralel Advisors LLC lifted its stake in Pegasystems by 0.3% in the third quarter. Paralel Advisors LLC now owns 76,960 shares of the technology company’s stock worth $4,425,000 after acquiring an additional 224 shares during the period. Global Retirement Partners LLC lifted its stake in Pegasystems by 20.5% in the third quarter. Global Retirement Partners LLC now owns 1,331 shares of the technology company’s stock worth $77,000 after acquiring an additional 226 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Pegasystems by 5.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,798 shares of the technology company’s stock worth $276,000 after acquiring an additional 228 shares in the last quarter. 46.89% of the stock is owned by institutional investors.

Pegasystems Company Profile

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.