Pegasystems Inc. (NASDAQ:PEGA) SVP Douglas I. Kra sold 819 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $29.31, for a total transaction of $24,004.89. Following the transaction, the senior vice president now owns 37,369 shares in the company, valued at approximately $1,095,285.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Pegasystems Inc. (NASDAQ:PEGA) opened at 29.50 on Thursday. Pegasystems Inc. has a 1-year low of $20.38 and a 1-year high of $30.23. The firm has a market cap of $2.25 billion, a P/E ratio of 57.84 and a beta of 1.71. The stock has a 50 day moving average price of $27.34 and a 200-day moving average price of $26.68.
Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. The business had revenue of $189 million for the quarter, compared to analysts’ expectations of $185.19 million. Pegasystems had a net margin of 5.44% and a return on equity of 16.25%. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period last year, the firm posted $0.14 earnings per share. Equities research analysts forecast that Pegasystems Inc. will post $0.91 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.41%. Pegasystems’s dividend payout ratio (DPR) is 24.00%.
PEGA has been the topic of several research reports. Wedbush reiterated an “outperform” rating and set a $32.00 price objective (down previously from $34.00) on shares of Pegasystems in a report on Thursday, August 4th. JMP Securities reissued a “buy” rating on shares of Pegasystems in a report on Wednesday, June 8th. Zacks Investment Research raised Pegasystems from a “sell” rating to a “hold” rating in a research note on Saturday, September 17th. Finally, TheStreet cut Pegasystems from a “buy” rating to a “hold” rating in a report on Friday, August 26th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $30.67.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its position in shares of Pegasystems by 23.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 384,704 shares of the company’s stock worth $10,368,000 after buying an additional 73,510 shares during the period. American Century Companies Inc. boosted its position in shares of Pegasystems by 2.3% in the second quarter. American Century Companies Inc. now owns 160,874 shares of the company’s stock worth $4,336,000 after buying an additional 3,637 shares during the period. AQR Capital Management LLC boosted its position in shares of Pegasystems by 10.0% in the second quarter. AQR Capital Management LLC now owns 57,591 shares of the company’s stock worth $1,552,000 after buying an additional 5,239 shares during the period. Polar Capital LLP purchased a new position in shares of Pegasystems during the second quarter worth about $10,462,000. Finally, Ranger Investment Management L.P. purchased a new position in shares of Pegasystems during the second quarter worth about $21,009,000. 41.74% of the stock is currently owned by institutional investors and hedge funds.
Pegasystems Company Profile
Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega 7 platform. Its software is designed to assist clients in building, deploying, and evolving enterprise applications.
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