Kenneth Stillwell Sells 2,000 Shares of Pegasystems Inc. (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 2,000 shares of Pegasystems stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $92.93, for a total transaction of $185,860.00. Following the completion of the sale, the chief financial officer now owns 19,495 shares in the company, valued at approximately $1,811,670.35. This trade represents a 9.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, April 25th, Kenneth Stillwell sold 17,713 shares of Pegasystems stock. The stock was sold at an average price of $89.36, for a total transaction of $1,582,833.68.
• On Tuesday, April 1st, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were sold at an average price of $69.75, for a total transaction of $139,500.00.
• On Monday, March 3rd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The stock was sold at an average price of $78.31, for a total transaction of $156,620.00.
• On Friday, February 14th, Kenneth Stillwell sold 7,742 shares of Pegasystems stock. The stock was sold at an average price of $84.72, for a total value of $655,902.24.

Pegasystems Stock Down 1.6 %

Shares of NASDAQ:PEGA opened at $91.26 on Wednesday. The stock has a market capitalization of $7.81 billion, a PE ratio of 90.36 and a beta of 1.14. The firm’s 50 day moving average price is $75.01 and its 200-day moving average price is $86.57. Pegasystems Inc. has a twelve month low of $55.71 and a twelve month high of $113.67.

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

Pegasystems Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.015 per share. The ex-dividend date was Tuesday, April 1st. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.07%. Pegasystems’s payout ratio is currently 5.83%.

Institutional Investors Weigh In On Pegasystems

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

Wall Street Analyst Weigh In

PEGA has been the subject of a number of research analyst reports. Loop Capital restated a “buy” rating and issued a $105.00 target price (up previously from $85.00) on shares of Pegasystems in a research note on Thursday, April 24th. DA Davidson boosted their target price on shares of Pegasystems from $70.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, April 23rd. KeyCorp decreased their price target on shares of Pegasystems from $118.00 to $94.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Royal Bank of Canada boosted their price objective on shares of Pegasystems from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. Finally, Barclays reaffirmed a “positive” rating on shares of Pegasystems in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $100.27.

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.