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

Pegasystems Inc. (NASDAQ:PEGA) Chairman Alan Trefler sold 31,500 shares of Pegasystems stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $68.41, for a total value of $2,154,915.00. Following the sale, the chairman now directly owns 17,184,614 shares of the company’s stock, valued at approximately $1,175,599,443.74. This trade represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Alan Trefler also recently made the following trade(s):

• On Tuesday, March 11th, Alan Trefler sold 31,500 shares of Pegasystems stock. The stock was sold at an average price of $70.93, for a total value of $2,234,295.00.
• On Tuesday, February 25th, Alan Trefler sold 31,500 shares of Pegasystems stock. The shares were sold at an average price of $77.38, for a total transaction of $2,437,470.00.

Pegasystems Stock Up 3.6 %

NASDAQ:PEGA opened at $68.76 on Wednesday. The company has a market cap of $5.91 billion, a P/E ratio of 68.08 and a beta of 1.22. Pegasystems Inc. has a twelve month low of $54.55 and a twelve month high of $113.67. The business has a 50 day moving average price of $72.95 and a two-hundred day moving average price of $85.30.

Pegasystems (NASDAQ:PEGA) last announced its earnings results on Wednesday, February 12th. The technology company reported $1.27 EPS 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%. As a group, analysts anticipate that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Pegasystems Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were given a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date was Tuesday, April 1st. Pegasystems’s dividend payout ratio is currently 11.88%.

Analyst Upgrades and Downgrades

Several brokerages have commented on PEGA. Loop Capital lowered their target price on shares of Pegasystems from $115.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Citigroup dropped their price objective on Pegasystems from $119.00 to $107.00 and set a “buy” rating on the stock in a research note on Tuesday. DA Davidson reduced their target price on Pegasystems from $90.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. JMP Securities restated a “market outperform” rating and issued a $110.00 price target on shares of Pegasystems in a report on Thursday, February 13th. Finally, StockNews.com cut Pegasystems from a “buy” rating to a “hold” rating in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.82.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PEGA. Principal Securities Inc. raised its stake in shares of Pegasystems by 150.5% during the 4th quarter. Principal Securities Inc. now owns 278 shares of the technology company’s stock worth $26,000 after purchasing an additional 167 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Pegasystems by 85.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company’s stock worth $30,000 after buying an additional 149 shares during the last quarter. CX Institutional bought a new stake in Pegasystems during the first quarter worth $36,000. GAMMA Investing LLC lifted its stake in Pegasystems by 50.5% in the first quarter. GAMMA Investing LLC now owns 599 shares of the technology company’s stock valued at $42,000 after acquiring an additional 201 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Pegasystems in the 4th quarter valued at about $61,000. 46.89% of the stock is owned by institutional investors and hedge funds.

Pegasystems Company Profile

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.