Insider Selling: Pegasystems Inc. (NASDAQ:PEGA) Insider Sells $155,006.85 in Stock

Pegasystems Inc. (NASDAQ:PEGA) insider Leon Trefler sold 2,049 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $75.65, for a total value of $155,006.85. Following the completion of the sale, the insider now directly owns 52,019 shares of the company’s stock, valued at approximately $3,935,237.35. This represents a 3.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Tuesday, December 31st, Leon Trefler sold 752 shares of Pegasystems stock. The stock was sold at an average price of $93.83, for a total value of $70,560.16.

Pegasystems Stock Performance

NASDAQ PEGA opened at $76.86 on Friday. Pegasystems Inc. has a fifty-two week low of $54.55 and a fifty-two week high of $113.67. The firm has a market capitalization of $6.60 billion, a P/E ratio of 76.10 and a beta of 1.11. The stock’s fifty day moving average is $94.74 and its two-hundred day moving average is $85.11.

Pegasystems (NASDAQ:PEGA) last announced its earnings results on Wednesday, February 12th. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.20). Pegasystems had a net margin of 6.63% and a return on equity of 32.09%. As a group, sell-side analysts forecast that Pegasystems Inc. will post 1.89 EPS for the current year.

Pegasystems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued a $0.03 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $0.12 dividend on an annualized basis and a yield of 0.16%. Pegasystems’s dividend payout ratio (DPR) is presently 11.88%.

Institutional Investors Weigh In On Pegasystems

Several institutional investors have recently modified their holdings of PEGA. Greenwood Capital Associates LLC purchased a new stake in shares of Pegasystems during the 3rd quarter worth approximately $436,000. Crossmark Global Holdings Inc. lifted its stake in shares of Pegasystems by 110.0% in the third quarter. Crossmark Global Holdings Inc. now owns 25,195 shares of the technology company’s stock valued at $1,842,000 after purchasing an additional 13,200 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of Pegasystems by 4.9% during the 4th quarter. Sanctuary Advisors LLC now owns 4,667 shares of the technology company’s stock worth $435,000 after acquiring an additional 219 shares in the last quarter. Global Retirement Partners LLC grew its holdings in Pegasystems by 48.0% in the fourth quarter. Global Retirement Partners LLC now owns 789 shares of the technology company’s stock valued at $74,000 after purchasing an additional 256 shares during the last quarter. Finally, Foundry Partners LLC acquired a new stake in Pegasystems during the 3rd quarter valued at $9,567,000. 46.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on PEGA. Royal Bank of Canada raised 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. JMP Securities reiterated a “market outperform” rating and issued a $110.00 target price on shares of Pegasystems in a research note on Thursday, February 13th. Citigroup raised their target price on Pegasystems from $99.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Rosenblatt Securities raised their target price on Pegasystems from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Barclays dropped their target price on Pegasystems from $103.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Pegasystems presently has an average rating of “Moderate Buy” and an average price target of $99.36.

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.