Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios A. Kouninis Sells 500 Shares

Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios A. Kouninis sold 500 shares of the company’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $99.25, for a total value of $49,625.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Pegasystems Price Performance

NASDAQ:PEGA opened at $103.29 on Wednesday. The firm has a market capitalization of $8.84 billion, a price-to-earnings ratio of 102.27 and a beta of 1.14. Pegasystems Inc. has a one year low of $55.71 and a one year high of $113.67. The business has a fifty day moving average price of $79.49 and a 200-day moving average price of $87.94.

Pegasystems Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were paid a $0.015 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.06 dividend on an annualized basis and a yield of 0.06%. Pegasystems’s payout ratio is presently 5.83%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PEGA. Merit Financial Group LLC purchased a new stake in shares of Pegasystems in the fourth quarter valued at approximately $204,000. Ellsworth Advisors LLC increased its position in shares of Pegasystems by 5.9% in the 4th quarter. Ellsworth Advisors LLC now owns 8,284 shares of the technology company’s stock valued at $772,000 after acquiring an additional 465 shares during the period. Crossmark Global Holdings Inc. increased its position in shares of Pegasystems by 74.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 43,995 shares of the technology company’s stock valued at $4,100,000 after acquiring an additional 18,800 shares during the period. Inspire Investing LLC increased its position in shares of Pegasystems by 298.6% in the 4th quarter. Inspire Investing LLC now owns 25,540 shares of the technology company’s stock valued at $2,380,000 after acquiring an additional 19,132 shares during the period. Finally, Eclectic Associates Inc. ADV purchased a new stake in Pegasystems in the fourth quarter valued at $267,000. Institutional investors own 46.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 price objective on shares of Pegasystems in a research report on Thursday, February 13th. Loop Capital reaffirmed a “buy” rating and issued a $105.00 price objective (up from $85.00) on shares of Pegasystems in a research report on Thursday, April 24th. StockNews.com raised Pegasystems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 6th. Barclays reaffirmed a “positive” rating on shares of Pegasystems in a research report on Thursday, April 24th. Finally, KeyCorp lowered their price objective on Pegasystems from $118.00 to $94.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average 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.