Pegasystems (NASDAQ:PEGA) CAO Efstathios Kouninis Sells 982 Shares of Stock

Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios Kouninis sold 982 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $37.35, for a total value of $36,677.70. Following the sale, the chief accounting officer owned 1,009 shares in the company, valued at $37,686.15. The trade was a 49.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Pegasystems Stock Down 2.1%

Shares of NASDAQ PEGA opened at $36.07 on Friday. The firm’s 50-day simple moving average is $33.18 and its 200 day simple moving average is $35.85. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 20.38 and a beta of 0.89. Pegasystems Inc. has a 12-month low of $25.10 and a 12-month high of $68.10.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Tuesday, July 21st. The technology company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.08). Pegasystems had a net margin of 18.66% and a return on equity of 32.21%. The company had revenue of $420.72 million during the quarter, compared to analyst estimates of $427.38 million. During the same quarter in the previous year, the business posted $0.28 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. On average, equities analysts expect that Pegasystems Inc. will post 1.66 earnings per share for the current year.

Pegasystems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, October 1st. Pegasystems’s dividend payout ratio is 6.78%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. KeyCorp downgraded shares of Pegasystems from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, July 22nd. Citizens Jmp downgraded Pegasystems from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 22nd. Loop Capital cut Pegasystems from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $55.00 to $25.00 in a research note on Thursday, July 23rd. Royal Bank Of Canada set a $35.00 target price on Pegasystems and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Finally, Citigroup cut Pegasystems from a “market outperform” rating to a “market perform” rating in a research note on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $47.40.

Institutional Trading of Pegasystems

Several hedge funds have recently bought and sold shares of PEGA. Signature Equity Partners LLC increased its position in shares of Pegasystems by 302.2% during the first quarter. Signature Equity Partners LLC now owns 929 shares of the technology company’s stock worth $40,000 after acquiring an additional 698 shares in the last quarter. Global Retirement Partners LLC acquired a new position in Pegasystems in the 2nd quarter worth $41,000. Allworth Financial LP bought a new position in Pegasystems during the 2nd quarter worth about $42,000. Leonteq Securities AG bought a new position in Pegasystems during the 4th quarter worth about $58,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Pegasystems in the 2nd quarter valued at about $62,000. 46.89% of the stock is currently owned by institutional investors and hedge funds.

Pegasystems News Summary

Here are the key news stories impacting Pegasystems this week:

• Positive Sentiment: JPMorgan’s revised $47 price target remains approximately 30% above the current share price, suggesting the bank sees potential for recovery. However, the firm’s neutral rating indicates limited near-term conviction. Pegasystems Shares Fall After JPMorgan Downgrade
• Neutral Sentiment: An analysis of Pegasystems’ sharp annual decline examines where the stock could go from here. The company’s enterprise automation, customer engagement and artificial-intelligence software offer long-term growth potential, but investors are weighing that opportunity against recent weakness and valuation risks. Pegasystems Stock Has Fallen 46% in a Year. Here’s Where the Stock Could Go
• Negative Sentiment: JPMorgan lowered its price target from $54 to $47 while reaffirming a neutral rating. The reduced target reinforces concerns about the stock’s outlook and was the clearest immediate catalyst for selling pressure. Pegasystems Shares Fall After JPMorgan Downgrade
• Negative Sentiment: Insiders continued to sell shares: Chief Accounting Officer Efstathios Kouninis sold 982 shares, director Dianne Ledingham sold 1,000 shares under a pre-arranged Rule 10b5-1 plan, and insider Rifat Kerim Akgonul previously sold 7,000 shares. These transactions may weigh on sentiment, although planned sales do not necessarily signal deteriorating fundamentals. Pegasystems Insider Selling

Pegasystems Company Profile

Pegasystems Inc develops enterprise software for customer engagement, workflow automation and business process management. Its solutions help organizations manage customer service, sales, marketing, operations and back-office processes across digital and traditional channels.

The company’s product portfolio includes Pega Platform, a low-code application development and automation platform; Pega Customer Service and Pega Sales; Pega Customer Decision Hub for real-time, personalized customer engagement; and tools for case management, robotic process automation and artificial intelligence.