Kenneth Stillwell Sells 3,978 Shares of Pegasystems Inc. (PEGA) Stock
Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 3,978 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $57.83, for a total value of $230,047.74. Following the transaction, the chief financial officer now directly owns 5,094 shares of the company’s stock, valued at $294,586.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Kenneth Stillwell also recently made the following trade(s):
- On Monday, October 2nd, Kenneth Stillwell sold 1,228 shares of Pegasystems stock. The stock was sold at an average price of $57.97, for a total value of $71,187.16.
- On Friday, September 1st, Kenneth Stillwell sold 1,227 shares of Pegasystems stock. The stock was sold at an average price of $57.47, for a total value of $70,515.69.
Shares of Pegasystems Inc. (NASDAQ PEGA) opened at $57.85 on Friday. Pegasystems Inc. has a 1-year low of $30.98 and a 1-year high of $64.85. The firm has a market capitalization of $4,462.66, a PE ratio of 101.49 and a beta of 1.35.
Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.04). Pegasystems had a return on equity of 13.06% and a net margin of 6.17%. The business had revenue of $197.98 million for the quarter, compared to analyst estimates of $205.06 million. During the same quarter in the previous year, the business posted $0.19 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. equities research analysts expect that Pegasystems Inc. will post 0.5 EPS for the current year.
The firm also recently declared a dividend, which was paid on Friday, October 6th. Shareholders of record on Monday, October 2nd were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, September 29th. Pegasystems’s payout ratio is currently 19.67%.
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Several research analysts recently issued reports on the company. BidaskClub lowered Pegasystems from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Zacks Investment Research downgraded Pegasystems from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Finally, Mitsubishi UFJ Financial Group set a $57.00 price target on Pegasystems and gave the stock a “buy” rating in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $63.00.
A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Pegasystems by 8.1% in the 2nd quarter. Vanguard Group Inc. now owns 3,007,693 shares of the technology company’s stock valued at $175,499,000 after buying an additional 225,809 shares during the period. BlackRock Inc. grew its stake in shares of Pegasystems by 68,220.8% in the 1st quarter. BlackRock Inc. now owns 2,292,845 shares of the technology company’s stock valued at $100,541,000 after buying an additional 2,289,489 shares during the period. Contour Asset Management LLC grew its stake in shares of Pegasystems by 39.7% in the 2nd quarter. Contour Asset Management LLC now owns 1,777,848 shares of the technology company’s stock valued at $103,737,000 after buying an additional 504,955 shares during the period. Whale Rock Capital Management LLC grew its stake in shares of Pegasystems by 4.2% in the 2nd quarter. Whale Rock Capital Management LLC now owns 1,031,758 shares of the technology company’s stock valued at $60,203,000 after buying an additional 41,824 shares during the period. Finally, Eagle Asset Management Inc. grew its stake in shares of Pegasystems by 1,002.7% in the 2nd quarter. Eagle Asset Management Inc. now owns 751,993 shares of the technology company’s stock valued at $43,878,000 after buying an additional 683,797 shares during the period. Hedge funds and other institutional investors own 44.45% of the company’s stock.
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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