Pegasystems (NASDAQ:PEGA) CAO Efstathios Kouninis Sells 750 Shares

Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios Kouninis sold 750 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $36.99, for a total transaction of $27,742.50. Following the completion of the sale, the chief accounting officer owned 2,144 shares of the company’s stock, valued at approximately $79,306.56. This trade represents a 25.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Pegasystems Trading Down 3.5%

PEGA stock traded down $1.34 on Tuesday, hitting $36.59. The company’s stock had a trading volume of 1,973,523 shares, compared to its average volume of 1,705,623. The firm has a 50 day moving average of $38.31 and a two-hundred day moving average of $46.88. Pegasystems Inc. has a 1 year low of $32.00 and a 1 year high of $68.10. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 19.78 and a beta of 0.86.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Tuesday, April 21st. The technology company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.22). Pegasystems had a net margin of 20.04% and a return on equity of 30.05%. The business had revenue of $429.97 million during the quarter, compared to analysts’ expectations of $473.24 million. During the same quarter last year, the company earned $0.76 EPS. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. As a group, equities analysts forecast that Pegasystems Inc. will post 1.95 EPS for the current fiscal year.

Pegasystems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, April 1st. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. Pegasystems’s dividend payout ratio is presently 6.45%.

Institutional Investors Weigh In On Pegasystems

Several hedge funds have recently modified their holdings of PEGA. Hazlett Burt & Watson Inc. acquired a new stake in shares of Pegasystems in the third quarter worth approximately $28,000. International Assets Investment Management LLC purchased a new position in Pegasystems in the fourth quarter valued at approximately $28,000. Hantz Financial Services Inc. raised its holdings in Pegasystems by 321.6% in the third quarter. Hantz Financial Services Inc. now owns 565 shares of the technology company’s stock valued at $32,000 after buying an additional 431 shares during the period. EFG International AG purchased a new position in Pegasystems in the fourth quarter valued at approximately $32,000. Finally, Fifth Third Bancorp raised its holdings in Pegasystems by 96.5% in the fourth quarter. Fifth Third Bancorp now owns 617 shares of the technology company’s stock valued at $37,000 after buying an additional 303 shares during the period. 46.89% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PEGA has been the topic of a number of recent analyst reports. Zacks Research cut shares of Pegasystems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Wall Street Zen cut shares of Pegasystems from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 14th. DA Davidson set a $55.00 target price on shares of Pegasystems and gave the stock a “buy” rating in a research report on Friday, April 17th. Citizens Jmp decreased their target price on shares of Pegasystems from $78.00 to $58.00 and set a “market outperform” rating on the stock in a research report on Thursday, February 12th. Finally, Weiss Ratings raised shares of Pegasystems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $63.70.

Pegasystems Company Profile

Pegasystems Inc is a software company specializing in customer engagement and digital process automation solutions. Headquartered in Cambridge, Massachusetts, Pegasystems develops enterprise applications designed to help organizations streamline operations, manage customer interactions and automate complex workflows. Its platform supports a wide range of use cases, from sales and marketing optimization to case management and robotic process automation.

The core of Pegasystems’ offering is the Pega Platform, a low-code development environment that enables businesses to build and deploy applications with minimal hand-coding.