Pegasystems Inc. (NASDAQ:PEGA) Chairman Alan Trefler Sells 31,500 Shares

Pegasystems Inc. (NASDAQ:PEGA) Chairman Alan Trefler sold 31,500 shares of Pegasystems stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $77.38, for a total value of $2,437,470.00. Following the completion of the transaction, the chairman now owns 17,308,786 shares of the company’s stock, valued at approximately $1,339,353,860.68. The trade was a 0.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Pegasystems Stock Performance

Shares of PEGA stock opened at $76.37 on Friday. Pegasystems Inc. has a 1 year low of $54.55 and a 1 year high of $113.67. The firm has a market capitalization of $6.56 billion, a PE ratio of 75.61 and a beta of 1.11. The stock has a fifty day moving average of $96.46 and a two-hundred day moving average of $84.74.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.20). Pegasystems had a return on equity of 32.09% and a net margin of 6.63%. Equities research analysts predict that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Pegasystems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.16%. Pegasystems’s dividend payout ratio is presently 11.88%.

Institutional Investors Weigh In On Pegasystems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina increased its position in shares of Pegasystems by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 19,597 shares of the technology company’s stock valued at $1,826,000 after purchasing an additional 120 shares during the period. Tower Research Capital LLC TRC grew its holdings in Pegasystems by 2.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,875 shares of the technology company’s stock worth $548,000 after acquiring an additional 139 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Pegasystems by 1.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,401 shares of the technology company’s stock worth $783,000 after acquiring an additional 141 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Pegasystems by 85.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company’s stock valued at $30,000 after acquiring an additional 149 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Pegasystems by 1.2% during the 4th quarter. Arizona State Retirement System now owns 12,394 shares of the technology company’s stock valued at $1,155,000 after purchasing an additional 152 shares in the last quarter. Institutional investors own 46.89% of the company’s stock.

Wall Street Analyst Weigh In

PEGA has been the subject of a number of research reports. Citigroup lifted their price objective on shares of Pegasystems from $99.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Royal Bank of Canada boosted their price objective on shares of Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. KeyCorp reissued an “overweight” rating and issued a $118.00 target price on shares of Pegasystems in a report on Tuesday, January 14th. Barclays decreased their target price on Pegasystems from $103.00 to $97.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Finally, StockNews.com raised Pegasystems from a “buy” rating to a “strong-buy” rating in a report on Monday. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.36.

About Pegasystems

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients’ processes and workflows.