Insider Selling: Pegasystems Inc. (NASDAQ:PEGA) CFO Sells 5,716 Shares of Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 5,716 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.04, for a total transaction of $434,644.64. Following the completion of the sale, the chief financial officer now directly owns 10,233 shares of the company’s stock, valued at approximately $778,117.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Monday, July 1st, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were sold at an average price of $72.05, for a total transaction of $144,100.00.
  • On Monday, June 3rd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were sold at an average price of $71.32, for a total transaction of $142,640.00.

Shares of Pegasystems stock traded down $3.50 on Monday, reaching $68.52. 731,910 shares of the stock were exchanged, compared to its average volume of 347,600. The firm’s 50 day simple moving average is $74.44. Pegasystems Inc. has a one year low of $43.21 and a one year high of $79.67. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.08.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.31) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.24). Pegasystems had a negative return on equity of 4.85% and a negative net margin of 3.49%. The firm had revenue of $212.50 million for the quarter, compared to the consensus estimate of $237.63 million. During the same period last year, the company posted $0.24 EPS. The business’s revenue was down 9.7% on a year-over-year basis. Research analysts forecast that Pegasystems Inc. will post -0.65 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend was Friday, June 28th.

Several institutional investors have recently modified their holdings of PEGA. Quantamental Technologies LLC lifted its holdings in shares of Pegasystems by 542.2% during the 1st quarter. Quantamental Technologies LLC now owns 411 shares of the technology company’s stock worth $27,000 after acquiring an additional 347 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in shares of Pegasystems during the 2nd quarter worth approximately $53,000. Carroll Financial Associates Inc. bought a new stake in shares of Pegasystems during the 2nd quarter worth approximately $108,000. CIBC Asset Management Inc bought a new stake in shares of Pegasystems during the 2nd quarter worth approximately $203,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Pegasystems during the 2nd quarter worth approximately $228,000. 46.77% of the stock is owned by institutional investors.

A number of analysts have issued reports on PEGA shares. Wedbush reissued an “outperform” rating and issued a $90.00 price objective (up previously from $84.00) on shares of Pegasystems in a report on Wednesday, May 8th. They noted that the move was a valuation call. UBS Group boosted their price objective on shares of Pegasystems to $78.00 and gave the company an “overweight” rating in a report on Tuesday, May 7th. TheStreet downgraded shares of Pegasystems from a “b-” rating to a “c” rating in a report on Wednesday, May 22nd. BidaskClub raised shares of Pegasystems from a “hold” rating to a “buy” rating in a report on Tuesday, July 16th. Finally, JMP Securities boosted their price objective on shares of Pegasystems from $72.00 to $81.00 and gave the company a “market outperform” rating in a report on Wednesday, May 8th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Pegasystems has a consensus rating of “Buy” and an average target price of $79.20.

Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses, and supports enterprise software applications in the United States, India, and internationally. It provides Pega Platform, an application development product for clients; and Pega Infinity, a software platform that unifies customer engagement and digital process automation.

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Insider Buying and Selling by Quarter for Pegasystems (NASDAQ:PEGA)

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