Pegasystems Inc. (NASDAQ:PEGA) Director Larry Weber sold 500 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $55.55, for a total value of $27,775.00. Following the completion of the sale, the director now directly owns 2,454 shares in the company, valued at approximately $136,319.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Larry Weber also recently made the following trade(s):

  • On Thursday, May 25th, Larry Weber sold 1,500 shares of Pegasystems stock. The shares were sold at an average price of $57.40, for a total value of $86,100.00.

Pegasystems Inc. (NASDAQ PEGA) traded up 0.82% during trading on Wednesday, hitting $55.30. 174,173 shares of the company’s stock traded hands. The stock has a market cap of $4.29 billion, a P/E ratio of 88.48 and a beta of 1.46. The firm’s 50-day moving average price is $59.22 and its 200 day moving average price is $50.79. Pegasystems Inc. has a 12-month low of $25.20 and a 12-month high of $64.85.

Pegasystems (NASDAQ:PEGA) last issued its earnings results on Wednesday, August 9th. The technology company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.04. Pegasystems had a net margin of 6.17% and a return on equity of 13.06%. The business had revenue of $197.98 million during the quarter, compared to analysts’ expectations of $205.06 million. During the same period in the prior year, the business posted $0.19 EPS. The business’s revenue was up 4.8% on a year-over-year basis. Analysts anticipate that Pegasystems Inc. will post $0.97 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Monday, July 3rd were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend was Thursday, June 29th. Pegasystems’s dividend payout ratio is presently 19.67%.

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PEGA has been the topic of a number of research analyst reports. Wedbush reissued an “outperform” rating and issued a $50.00 target price (up previously from $46.00) on shares of Pegasystems in a research report on Tuesday, May 2nd. Benchmark Co. reissued a “buy” rating and issued a $67.00 target price (up previously from $60.00) on shares of Pegasystems in a research report on Tuesday, June 6th. JMP Securities reissued an “outperform” rating and issued a $63.00 target price (up previously from $55.00) on shares of Pegasystems in a research report on Wednesday, June 7th. BidaskClub lowered Pegasystems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Finally, Zacks Investment Research raised Pegasystems from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Wednesday, July 19th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $63.00.

A number of large investors have recently added to or reduced their stakes in the stock. Koch Industries Inc. purchased a new stake in Pegasystems during the second quarter worth $646,000. The Manufacturers Life Insurance Company raised its stake in Pegasystems by 2.0% in the second quarter. The Manufacturers Life Insurance Company now owns 29,432 shares of the technology company’s stock worth $1,717,000 after buying an additional 587 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Pegasystems by 122.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 293,801 shares of the technology company’s stock worth $17,143,000 after buying an additional 161,668 shares during the last quarter. Summit Partners Public Asset Management LLC raised its stake in Pegasystems by 15.6% in the second quarter. Summit Partners Public Asset Management LLC now owns 260,000 shares of the technology company’s stock worth $15,171,000 after buying an additional 35,000 shares during the last quarter. Finally, State Street Corp raised its stake in Pegasystems by 6.4% in the second quarter. State Street Corp now owns 721,167 shares of the technology company’s stock worth $42,085,000 after buying an additional 43,182 shares during the last quarter. 44.08% of the stock is owned by institutional investors and hedge funds.

Pegasystems Company Profile

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.

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

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