Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 1,500 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $54.17, for a total transaction of $81,255.00. Following the transaction, the chief financial officer now owns 12,259 shares of the company’s stock, valued at $664,070.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kenneth Stillwell also recently made the following trade(s):

  • On Thursday, November 1st, Kenneth Stillwell sold 1,500 shares of Pegasystems stock. The stock was sold at an average price of $53.40, for a total transaction of $80,100.00.
  • On Monday, October 1st, Kenneth Stillwell sold 1,500 shares of Pegasystems stock. The stock was sold at an average price of $61.72, for a total transaction of $92,580.00.

Pegasystems stock traded down $0.47 during midday trading on Thursday, hitting $51.60. 858,326 shares of the stock were exchanged, compared to its average volume of 435,617. Pegasystems Inc. has a fifty-two week low of $45.40 and a fifty-two week high of $67.95. The stock has a market cap of $4.10 billion, a P/E ratio of 234.55 and a beta of 1.16.

Pegasystems (NASDAQ:PEGA) last announced its earnings results on Wednesday, November 7th. The technology company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.10). The company had revenue of $203.26 million for the quarter, compared to analysts’ expectations of $199.57 million. Pegasystems had a negative return on equity of 0.90% and a negative net margin of 1.08%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $0.09 EPS. Research analysts anticipate that Pegasystems Inc. will post -0.08 earnings per share for the current fiscal year.

PEGA has been the subject of a number of research analyst reports. BidaskClub upgraded shares of Pegasystems from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Zacks Investment Research upgraded shares of Pegasystems from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 14th. ValuEngine upgraded shares of Pegasystems from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 30th. Finally, Wedbush reduced their target price on shares of Pegasystems from $80.00 to $78.00 and set an “outperform” rating for the company in a research report on Thursday, November 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Pegasystems presently has an average rating of “Buy” and a consensus price target of $70.20.

Hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP purchased a new position in Pegasystems during the third quarter worth about $122,000. NumerixS Investment Technologies Inc purchased a new position in Pegasystems during the second quarter worth about $126,000. Engineers Gate Manager LP purchased a new position in Pegasystems during the third quarter worth about $200,000. Global X Management Co LLC boosted its stake in Pegasystems by 1,041.1% during the second quarter. Global X Management Co LLC now owns 3,275 shares of the technology company’s stock worth $179,000 after buying an additional 2,988 shares during the period. Finally, SG Americas Securities LLC boosted its stake in Pegasystems by 68.8% during the third quarter. SG Americas Securities LLC now owns 3,528 shares of the technology company’s stock worth $221,000 after buying an additional 1,438 shares during the period. 46.08% of the stock is owned by institutional investors.

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About Pegasystems

Pegasystems Inc develops, markets, licenses, and supports software applications for marketing, sales automation, customer service, and operations in the United States and internationally. It provides Pega Platform, an application development product for clients. The company offers customer engagement applications, including Pega Marketing that enable enterprises to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega sales automation to automate and manage the sales process; and Pega customer service to anticipate customer needs, connect customers, the right people and systems, and automate customer interactions to evolve the customer service experience and to allow enterprises to deliver interactions across channels and enhance employee productivity.

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