Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 1,500 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $66.00, for a total transaction of $99,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Tuesday, March 5th, Kenneth Stillwell sold 1,863 shares of Pegasystems stock. The shares were sold at an average price of $64.93, for a total transaction of $120,964.59.
  • On Friday, February 1st, Kenneth Stillwell sold 2,600 shares of Pegasystems stock. The shares were sold at an average price of $56.59, for a total transaction of $147,134.00.
  • On Wednesday, January 2nd, Kenneth Stillwell sold 400 shares of Pegasystems stock. The shares were sold at an average price of $46.90, for a total transaction of $18,760.00.

NASDAQ PEGA traded down $0.40 during trading on Friday, hitting $63.91. The company had a trading volume of 23,688 shares, compared to its average volume of 369,918. Pegasystems Inc. has a one year low of $43.21 and a one year high of $67.95. The firm has a market capitalization of $5.10 billion, a PE ratio of 3,249.50 and a beta of 1.26.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Wednesday, February 20th. The technology company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.20. Pegasystems had a net margin of 1.19% and a return on equity of 0.34%. The business had revenue of $256.36 million during the quarter, compared to analyst estimates of $252.71 million. During the same period in the prior year, the business earned $0.45 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. Research analysts expect that Pegasystems Inc. will post -0.28 EPS for the current year.

Several brokerages have weighed in on PEGA. Wedbush reissued an “outperform” rating and set a $84.00 price target (up previously from $80.00) on shares of Pegasystems in a research report on Wednesday, February 27th. BidaskClub raised shares of Pegasystems from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 27th. Zacks Investment Research upgraded shares of Pegasystems from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 14th. Finally, ValuEngine upgraded shares of Pegasystems from a “buy” rating to a “strong-buy” rating in a report on Friday, November 30th. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $73.75.

Hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC raised its holdings in 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 purchasing an additional 250 shares in the last quarter. Lloyds Banking Group plc bought a new position in Pegasystems in the 4th quarter worth $65,000. Quantbot Technologies LP bought a new position in shares of Pegasystems in the 3rd quarter worth about $122,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Pegasystems by 22.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,725 shares of the technology company’s stock worth $130,000 after acquiring an additional 495 shares in the last quarter. Finally, We Are One Seven LLC bought a new position in shares of Pegasystems in the 4th quarter worth about $140,000. Institutional investors and hedge funds own 45.23% of the company’s stock.

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Pegasystems Company Profile

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

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