Pegasystems Inc. (PEGA) SVP Douglas I. Kra Sells 1,187 Shares of Stock
Pegasystems Inc. (NASDAQ:PEGA) SVP Douglas I. Kra sold 1,187 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $57.91, for a total value of $68,739.17. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Pegasystems Inc. (PEGA) traded up 0.382% on Thursday, hitting $59.125. The stock had a trading volume of 124,966 shares. Pegasystems Inc. has a 52 week low of $28.43 and a 52 week high of $64.85. The company has a market cap of $4.59 billion, a PE ratio of 94.600 and a beta of 1.48. The stock’s 50-day moving average price is $56.61 and its 200 day moving average price is $54.48.
Pegasystems (NASDAQ:PEGA) last issued its earnings results on Wednesday, August 9th. The technology company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ 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 the consensus estimate of $205.06 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. On average, analysts predict that Pegasystems Inc. will post $0.97 EPS for the current year.
The firm also recently announced a dividend, which will be paid on Friday, October 6th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, September 29th. Pegasystems’s dividend payout ratio is currently 19.67%.
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Several hedge funds and other institutional investors have recently modified their holdings of PEGA. Daiwa Securities Group Inc. bought a new position in shares of Pegasystems during the 2nd quarter worth approximately $105,000. Sei Investments Co. boosted its stake in shares of Pegasystems by 4,892.9% during the 2nd quarter. Sei Investments Co. now owns 2,097 shares of the technology company’s stock worth $122,000 after acquiring an additional 2,055 shares during the period. Ameritas Investment Partners Inc. bought a new position in shares of Pegasystems during the 1st quarter worth approximately $137,000. Cambridge Trust Co. bought a new position in shares of Pegasystems during the 1st quarter worth approximately $219,000. Finally, Janus Capital Management LLC bought a new position in shares of Pegasystems during the 1st quarter worth approximately $239,000. Institutional investors own 44.47% of the company’s stock.
A number of research analysts have recently commented on PEGA shares. JMP Securities reiterated an “outperform” rating and set a $63.00 price target (up from $55.00) on shares of Pegasystems in a report on Wednesday, June 7th. BidaskClub lowered Pegasystems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Zacks Investment Research upgraded Pegasystems from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Wednesday, July 19th. 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. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $63.00.
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.
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