Pegasystems Inc. (NASDAQ:PEGA) CFO Sells $211,260.00 in Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 2,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $105.63, for a total value of $211,260.00. Following the transaction, the chief financial officer now owns 14,466 shares of the company’s stock, valued at $1,528,043.58. This represents a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, January 2nd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The stock was sold at an average price of $94.00, for a total value of $188,000.00.
• On Tuesday, December 10th, Kenneth Stillwell sold 6,200 shares of Pegasystems stock. The stock was sold at an average price of $94.67, for a total value of $586,954.00.
• On Monday, December 2nd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The stock was sold at an average price of $94.60, for a total value of $189,200.00.

Pegasystems Stock Up 0.2 %

Pegasystems stock opened at $105.47 on Friday. The business’s 50-day simple moving average is $98.76 and its 200 day simple moving average is $82.46. The stock has a market cap of $9.04 billion, a price-to-earnings ratio of 76.99 and a beta of 1.11. Pegasystems Inc. has a 12-month low of $47.82 and a 12-month high of $113.67.

Pegasystems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date was Thursday, January 2nd. Pegasystems’s dividend payout ratio (DPR) is currently 8.76%.

Hedge Funds Weigh In On Pegasystems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PEGA. The Manufacturers Life Insurance Company boosted its holdings in Pegasystems by 5.1% during the second quarter. The Manufacturers Life Insurance Company now owns 10,992 shares of the technology company’s stock worth $665,000 after buying an additional 533 shares during the last quarter. CWM LLC boosted its holdings in Pegasystems by 47.6% during the third quarter. CWM LLC now owns 31,306 shares of the technology company’s stock worth $2,288,000 after buying an additional 10,103 shares during the last quarter. Essex Investment Management Co. LLC bought a new position in Pegasystems during the third quarter worth about $2,638,000. Ellsworth Advisors LLC bought a new position in Pegasystems during the third quarter worth about $571,000. Finally, Inspire Advisors LLC bought a new position in Pegasystems during the third quarter worth about $229,000. Institutional investors own 46.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PEGA. Wedbush increased their price objective on Pegasystems from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Citigroup increased their price objective on Pegasystems from $99.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. StockNews.com upgraded Pegasystems from a “hold” rating to a “buy” rating in a report on Thursday, November 21st. Royal Bank of Canada increased their target price on Pegasystems from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Rosenblatt Securities increased their target price on Pegasystems from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.82.

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.