Pegasystems Inc. (NASDAQ:PEGA) Insider Leon Trefler Sells 752 Shares

Pegasystems Inc. (NASDAQ:PEGA) insider Leon Trefler sold 752 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $60.34, for a total value of $45,375.68. Following the completion of the transaction, the insider now directly owns 39,188 shares of the company’s stock, valued at approximately $2,364,603.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Leon Trefler also recently made the following trade(s):

• On Monday, April 1st, Leon Trefler sold 752 shares of Pegasystems stock. The stock was sold at an average price of $64.20, for a total value of $48,278.40.
• On Tuesday, February 20th, Leon Trefler sold 1,504 shares of Pegasystems stock. The shares were sold at an average price of $63.80, for a total transaction of $95,955.20.

Pegasystems Price Performance

Shares of Pegasystems stock opened at $60.61 on Thursday. The stock’s 50-day moving average is $62.60 and its 200 day moving average is $53.59. Pegasystems Inc. has a one year low of $37.66 and a one year high of $69.26. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 73.92 and a beta of 1.05.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.42 EPS for the quarter, topping the consensus estimate of $0.78 by $0.64. Pegasystems had a net margin of 5.32% and a return on equity of 45.00%. The company had revenue of $474.23 million during the quarter, compared to the consensus estimate of $428.76 million. On average, sell-side analysts expect that Pegasystems Inc. will post 1.5 EPS for the current fiscal year.

Pegasystems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were issued a dividend of $0.03 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.12 annualized dividend and a dividend yield of 0.20%. Pegasystems’s dividend payout ratio is currently 14.63%.

Hedge Funds Weigh In On Pegasystems

Institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC acquired a new position in Pegasystems during the 1st quarter worth approximately $758,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Pegasystems in the 1st quarter worth $3,148,000. New York State Teachers Retirement System grew its position in Pegasystems by 116.8% in the 1st quarter. New York State Teachers Retirement System now owns 3,786 shares of the technology company’s stock valued at $245,000 after purchasing an additional 2,040 shares during the period. Range Financial Group LLC bought a new stake in Pegasystems during the 1st quarter valued at $209,000. Finally, FCF Advisors LLC acquired a new position in Pegasystems during the first quarter worth $1,497,000. Institutional investors own 46.89% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. StockNews.com upgraded shares of Pegasystems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 13th. DA Davidson restated a “neutral” rating and issued a $60.00 price objective on shares of Pegasystems in a report on Monday, March 4th. TheStreet raised Pegasystems from a “d+” rating to a “c” rating in a report on Thursday, February 15th. Wedbush reissued an “outperform” rating and issued a $90.00 price target on shares of Pegasystems in a research note on Friday, April 26th. Finally, Royal Bank of Canada lifted their price objective on Pegasystems from $65.00 to $77.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.33.

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.