Kenneth Stillwell Sells 1,228 Shares of Pegasystems Inc. (PEGA) Stock
Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 1,228 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $57.97, for a total value of $71,187.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Kenneth Stillwell also recently made the following trade(s):
- On Friday, September 1st, Kenneth Stillwell sold 1,227 shares of Pegasystems stock. The shares were sold at an average price of $57.47, for a total value of $70,515.69.
- On Tuesday, August 1st, Kenneth Stillwell sold 4,283 shares of Pegasystems stock. The shares were sold at an average price of $60.48, for a total value of $259,035.84.
Shares of Pegasystems Inc. (NASDAQ PEGA) opened at 59.20 on Friday. The company has a market cap of $4.60 billion, a PE ratio of 94.72 and a beta of 1.48. Pegasystems Inc. has a 12 month low of $28.43 and a 12 month high of $64.85. The firm’s 50-day moving average is $56.72 and its 200-day moving average is $54.51.
Pegasystems (NASDAQ:PEGA) last released its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.04). Pegasystems had a net margin of 6.17% and a return on equity of 13.06%. The firm had revenue of $197.98 million during the quarter, compared to analysts’ expectations of $205.06 million. During the same quarter in the previous year, the firm posted $0.19 EPS. Pegasystems’s revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts predict that Pegasystems Inc. will post $0.97 earnings per share for the current year.
The company also recently disclosed a dividend, which will be paid on Friday, October 6th. Shareholders of record on Monday, October 2nd will be given a $0.03 dividend. The ex-dividend date is Friday, September 29th. Pegasystems’s payout ratio is 19.67%.
Several hedge funds have recently added to or reduced their stakes in PEGA. Daiwa Securities Group Inc. purchased a new position in shares of Pegasystems in the second quarter valued at about $105,000. Sei Investments Co. increased its position in shares of Pegasystems by 4,892.9% in the second quarter. Sei Investments Co. now owns 2,097 shares of the technology company’s stock valued at $122,000 after acquiring an additional 2,055 shares during the period. Ameritas Investment Partners Inc. purchased a new position in shares of Pegasystems in the first quarter valued at about $137,000. Cambridge Trust Co. purchased a new position in shares of Pegasystems in the first quarter valued at about $219,000. Finally, Janus Capital Management LLC purchased a new position in shares of Pegasystems in the first quarter valued at about $239,000. Hedge funds and other institutional investors own 44.47% of the company’s stock.
A number of research firms recently weighed in on PEGA. BidaskClub downgraded Pegasystems from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Mitsubishi UFJ Financial Group set a $57.00 price objective on Pegasystems and gave the company a “buy” rating in a report on Thursday, August 10th. Finally, Zacks Investment Research downgraded Pegasystems from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Pegasystems has a consensus rating of “Buy” and an average target price of $63.00.
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 platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.
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