Pegasystems (NASDAQ:PEGA) CFO Kenneth Stillwell Sells 16,256 Shares of Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 16,256 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $35.54, for a total value of $577,738.24. Following the transaction, the chief financial officer owned 87,225 shares of the company’s stock, valued at approximately $3,099,976.50. This represents a 15.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kenneth Stillwell also recently made the following trade(s):

• On Friday, September 11th, Kenneth Stillwell sold 39,627 shares of Pegasystems stock. The shares were sold at an average price of $35.77, for a total value of $1,417,457.79.

Pegasystems Stock Performance

NASDAQ PEGA opened at $32.40 on Friday. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 20.12 and a beta of 0.94. Pegasystems Inc. has a one year low of $25.10 and a one year high of $63.26. The company’s 50-day simple moving average is $35.25 and its two-hundred day simple moving average is $36.78.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Tuesday, October 20th. The technology company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.10). Pegasystems had a return on equity of 35.22% and a net margin of 16.86%. The company had revenue of $393.36 million for the quarter, compared to analysts’ expectations of $421.06 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. Equities analysts expect that Pegasystems Inc. will post 1.43 earnings per share for the current fiscal year.

Pegasystems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, October 1st. Pegasystems’s payout ratio is currently 7.45%.

Analyst Ratings Changes

A number of research firms have recently commented on PEGA. Citizens Jmp lowered Pegasystems from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 22nd. Rosenblatt Securities set a $43.00 target price on shares of Pegasystems and gave the stock a “buy” rating in a research report on Wednesday, October 21st. Royal Bank Of Canada reiterated an “outperform” rating and set a $40.00 price target (up from $35.00) on shares of Pegasystems in a research report on Thursday, October 22nd. KeyCorp downgraded shares of Pegasystems from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, July 22nd. Finally, William Blair downgraded shares of Pegasystems from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 22nd. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $45.73.

Hedge Funds Weigh In On Pegasystems

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Aberdeen Group plc acquired a new position in Pegasystems in the third quarter valued at $434,000. Fisher Asset Management LLC grew its holdings in shares of Pegasystems by 9.9% during the third quarter. Fisher Asset Management LLC now owns 1,207,366 shares of the technology company’s stock valued at $40,181,000 after buying an additional 108,297 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Pegasystems by 39.0% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 169,308 shares of the technology company’s stock valued at $5,635,000 after buying an additional 47,542 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in shares of Pegasystems in the third quarter worth $200,000. Finally, Fulcrum Asset Management LLP bought a new position in Pegasystems during the third quarter valued at about $1,831,000. Hedge funds and other institutional investors own 46.89% of the company’s stock.

About Pegasystems

Pegasystems Inc is a software company that develops enterprise applications for customer engagement, workflow automation and business process management. Its technology helps organizations manage customer interactions, automate repetitive work, coordinate complex processes and make data-driven decisions across departments and channels.

The company’s portfolio includes Pega Platform, a low-code application development and workflow platform, along with solutions for customer service, sales automation, marketing, decisioning and artificial intelligence.