Efstathios A. Kouninis Sells 116 Shares of Pegasystems Inc. (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios A. Kouninis sold 116 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $100.50, for a total value of $11,658.00. Following the completion of the transaction, the chief accounting officer now owns 155 shares of the company’s stock, valued at approximately $15,577.50. This trade represents a 42.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Efstathios A. Kouninis also recently made the following trade(s):

• On Friday, May 16th, Efstathios A. Kouninis sold 500 shares of Pegasystems stock. The shares were sold at an average price of $99.25, for a total value of $49,625.00.

Pegasystems Stock Performance

NASDAQ PEGA opened at $101.41 on Thursday. Pegasystems Inc. has a one year low of $55.90 and a one year high of $113.67. The stock has a 50-day moving average of $85.00 and a 200 day moving average of $88.78. The company has a market capitalization of $8.68 billion, a price-to-earnings ratio of 100.41 and a beta of 1.14.

Pegasystems Cuts Dividend

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

Analyst Ratings Changes

Several brokerages have recently weighed in on PEGA. Wall Street Zen upgraded Pegasystems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 6th. KeyCorp reduced their price target on Pegasystems from $118.00 to $94.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Royal Bank of Canada restated an “outperform” rating and set a $120.00 price target on shares of Pegasystems in a report on Tuesday. Loop Capital restated a “buy” rating and set a $105.00 price target (up from $85.00) on shares of Pegasystems in a report on Thursday, April 24th. Finally, Citigroup reduced their price target on Pegasystems from $119.00 to $107.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Pegasystems presently has an average rating of “Moderate Buy” and an average price target of $104.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Principal Securities Inc. grew 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 valued at $26,000 after purchasing an additional 167 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Pegasystems by 85.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company’s stock valued at $30,000 after purchasing an additional 149 shares during the period. CX Institutional bought a new stake in shares of Pegasystems during the 1st quarter valued at about $36,000. SBI Securities Co. Ltd. grew its stake in shares of Pegasystems by 139.7% during the 1st quarter. SBI Securities Co. Ltd. now owns 549 shares of the technology company’s stock valued at $38,000 after purchasing an additional 320 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Pegasystems by 50.5% during the 1st quarter. GAMMA Investing LLC now owns 599 shares of the technology company’s stock valued at $42,000 after purchasing an additional 201 shares during the period. 46.89% of the stock is owned by hedge funds and other institutional investors.

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.