Pegasystems Inc. (NASDAQ:PEGA) Director Richard H. Jones sold 3,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $75.26, for a total value of $225,780.00. Following the completion of the transaction, the director now directly owns 299,544 shares of the company’s stock, valued at approximately $22,543,681.44. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Richard H. Jones also recently made the following trade(s):
- On Monday, August 12th, Richard H. Jones sold 3,000 shares of Pegasystems stock. The stock was sold at an average price of $70.83, for a total value of $212,490.00.
Shares of NASDAQ:PEGA opened at $75.60 on Thursday. Pegasystems Inc. has a 52-week low of $43.21 and a 52-week high of $79.67. The stock has a 50 day moving average price of $73.33 and a 200-day moving average price of $72.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.72 and a quick ratio of 1.72.
Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported ($0.50) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.33) by ($0.17). Pegasystems had a negative net margin of 5.95% and a negative return on equity of 9.39%. The company had revenue of $205.60 million for the quarter, compared to the consensus estimate of $203.16 million. The firm’s revenue was up 4.5% on a year-over-year basis. On average, equities analysts anticipate that Pegasystems Inc. will post -0.77 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend was Monday, September 30th.
A number of hedge funds have recently bought and sold shares of PEGA. Captrust Financial Advisors bought a new position in Pegasystems during the 2nd quarter valued at approximately $32,000. Cutler Group LP bought a new position in Pegasystems during the 2nd quarter valued at approximately $43,000. Steward Partners Investment Advisory LLC bought a new position in Pegasystems during the 2nd quarter valued at approximately $53,000. Tower Research Capital LLC TRC increased its position in Pegasystems by 352.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 977 shares of the technology company’s stock valued at $70,000 after buying an additional 761 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in Pegasystems by 1,102.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,094 shares of the technology company’s stock valued at $78,000 after buying an additional 1,003 shares in the last quarter. 46.67% of the stock is owned by institutional investors.
Several research analysts have recently issued reports on PEGA shares. Zacks Investment Research raised Pegasystems from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 10th. BidaskClub raised Pegasystems from a “sell” rating to a “hold” rating in a research report on Friday, October 4th. Wedbush increased their target price on Pegasystems from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Finally, ValuEngine raised Pegasystems from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $80.20.
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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