Michael R. Pyle Sells 4,000 Shares of Pegasystems Inc. (PEGA) Stock
Pegasystems Inc. (NASDAQ:PEGA) VP Michael R. Pyle sold 4,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $49.06, for a total value of $196,240.00. Following the sale, the vice president now owns 54,343 shares in the company, valued at approximately $2,666,067.58. The sale was disclosed in a filing with the SEC, which is available through this link.
Pegasystems Inc. (PEGA) traded up $0.65 during mid-day trading on Friday, reaching $49.65. The company had a trading volume of 474,362 shares, compared to its average volume of 370,410. Pegasystems Inc. has a fifty-two week low of $34.05 and a fifty-two week high of $64.85. The firm has a market cap of $3,815.14, a P/E ratio of 113.95 and a beta of 1.24.
Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. Pegasystems had a return on equity of 9.86% and a net margin of 5.67%. The business had revenue of $179.80 million for the quarter, compared to the consensus estimate of $200.15 million. During the same period in the prior year, the business earned $0.17 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. equities analysts predict that Pegasystems Inc. will post 0.26 EPS for the current fiscal year.
Several equities research analysts recently commented on the company. Zacks Investment Research lowered Pegasystems from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. TheStreet lowered Pegasystems from a “b-” rating to a “c” rating in a research report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $63.00.
A number of hedge funds have recently bought and sold shares of PEGA. Janus Henderson Group PLC purchased a new stake in shares of Pegasystems in the second quarter worth approximately $410,000. Koch Industries Inc. purchased a new stake in shares of Pegasystems in the second quarter worth approximately $646,000. Comerica Bank purchased a new stake in shares of Pegasystems in the second quarter worth approximately $1,234,000. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Pegasystems by 19.2% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 676,590 shares of the technology company’s stock worth $39,005,000 after purchasing an additional 108,795 shares during the last quarter. Finally, Amalgamated Bank purchased a new stake in shares of Pegasystems in the second quarter worth approximately $274,000. 46.90% of the stock is currently owned by institutional investors and hedge funds.
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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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