Efstathios Kouninis Sells 982 Shares of Pegasystems (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios Kouninis sold 982 shares of the firm’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $37.35, for a total transaction of $36,677.70. Following the transaction, the chief accounting officer directly owned 1,009 shares of the company’s stock, valued at $37,686.15. The trade was a 49.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Pegasystems Stock Performance

Shares of NASDAQ:PEGA traded down $0.76 during mid-day trading on Thursday, reaching $36.08. 2,559,849 shares of the company’s stock were exchanged, compared to its average volume of 2,385,550. Pegasystems Inc. has a twelve month low of $25.10 and a twelve month high of $68.10. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 20.38 and a beta of 0.89. The business’s fifty day moving average price is $33.10 and its 200-day moving average price is $35.91.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Tuesday, July 21st. The technology company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The company had revenue of $420.72 million during the quarter, compared to analyst estimates of $427.38 million. Pegasystems had a net margin of 18.66% and a return on equity of 32.21%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 earnings per share. Analysts predict that Pegasystems Inc. will post 1.66 EPS for the current fiscal year.

Pegasystems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. Pegasystems’s dividend payout ratio is presently 6.78%.

Wall Street Analysts Forecast Growth

PEGA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $47.00 price objective (down from $54.00) on shares of Pegasystems in a research note on Thursday. DA Davidson set a $32.00 target price on shares of Pegasystems and gave the company a “buy” rating in a research report on Friday, July 24th. Royal Bank Of Canada set a $35.00 price target on shares of Pegasystems and gave the stock an “outperform” rating in a report on Thursday, July 23rd. William Blair downgraded shares of Pegasystems from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 22nd. Finally, Zacks Research lowered shares of Pegasystems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 25th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $47.40.

Institutional Investors Weigh In On Pegasystems

Several institutional investors and hedge funds have recently made changes to their positions in PEGA. Sequoia Financial Advisors LLC grew its stake in Pegasystems by 20.2% during the second quarter. Sequoia Financial Advisors LLC now owns 9,406 shares of the technology company’s stock worth $282,000 after purchasing an additional 1,583 shares during the period. WINTON GROUP Ltd lifted its stake in Pegasystems by 59.8% in the second quarter. WINTON GROUP Ltd now owns 40,987 shares of the technology company’s stock valued at $1,228,000 after buying an additional 15,343 shares during the period. NewEdge Advisors LLC lifted its stake in Pegasystems by 4.6% in the second quarter. NewEdge Advisors LLC now owns 20,032 shares of the technology company’s stock valued at $600,000 after buying an additional 887 shares during the period. Baird Financial Group Inc. bought a new position in shares of Pegasystems during the 2nd quarter worth approximately $5,007,000. Finally, Nykredit A S bought a new position in shares of Pegasystems during the 2nd quarter worth approximately $91,000. Institutional investors own 46.89% of the company’s stock.

Pegasystems Company Profile

Pegasystems Inc develops enterprise software for customer engagement, workflow automation and business process management. Its solutions help organizations manage customer service, sales, marketing, operations and back-office processes across digital and traditional channels.

The company’s product portfolio includes Pega Platform, a low-code application development and automation platform; Pega Customer Service and Pega Sales; Pega Customer Decision Hub for real-time, personalized customer engagement; and tools for case management, robotic process automation and artificial intelligence.