Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 3,796 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $51.52, for a total value of $195,569.92. Following the completion of the transaction, the chief financial officer now owns 3,372 shares in the company, valued at approximately $173,725.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Kenneth Stillwell also recently made the following trade(s):
- On Tuesday, January 2nd, Kenneth Stillwell sold 517 shares of Pegasystems stock. The shares were sold at an average price of $47.88, for a total value of $24,753.96.
- On Friday, December 1st, Kenneth Stillwell sold 830 shares of Pegasystems stock. The shares were sold at an average price of $49.92, for a total value of $41,433.60.
Pegasystems Inc. (NASDAQ:PEGA) traded up $2.35 during trading hours on Wednesday, reaching $49.50. The company’s stock had a trading volume of 419,100 shares, compared to its average volume of 366,832. Pegasystems Inc. has a twelve month low of $39.65 and a twelve month high of $64.85. The stock has a market capitalization of $3,671.10, a P/E ratio of 90.00 and a beta of 1.26.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date was Friday, December 29th. Pegasystems’s payout ratio is currently 21.82%.
PEGA has been the topic of a number of recent research reports. Zacks Investment Research lowered Pegasystems from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. TheStreet downgraded Pegasystems from a “b-” rating to a “c” rating in a research report on Wednesday, November 22nd. Finally, BidaskClub raised Pegasystems from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Pegasystems has a consensus rating of “Buy” and a consensus target price of $63.00.
Several institutional investors have recently bought and sold shares of PEGA. Citigroup Inc. boosted its holdings in shares of Pegasystems by 666.5% in the second quarter. Citigroup Inc. now owns 4,116 shares of the technology company’s stock worth $240,000 after acquiring an additional 3,579 shares during the period. Amalgamated Bank bought a new position in shares of Pegasystems in the second quarter worth $274,000. Prudential Financial Inc. bought a new stake in Pegasystems during the second quarter valued at $274,000. Virtu Financial LLC boosted its stake in Pegasystems by 47.2% during the fourth quarter. Virtu Financial LLC now owns 5,816 shares of the technology company’s stock valued at $274,000 after buying an additional 1,865 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in Pegasystems by 58.0% during the third quarter. Great West Life Assurance Co. Can now owns 4,935 shares of the technology company’s stock valued at $282,000 after buying an additional 1,811 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.
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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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