Pegasystems (NASDAQ:PEGA) Insider Rifat Kerim Akgonul Sells 7,000 Shares of Stock

Pegasystems Inc. (NASDAQ:PEGA) insider Kerim Akgonul sold 7,000 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $36.03, for a total transaction of $252,210.00. Following the sale, the insider directly owned 104,804 shares of the company’s stock, valued at $3,776,088.12. This represents a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Rifat Kerim Akgonul also recently made the following trade(s):

• On Tuesday, August 25th, Kerim Akgonul sold 3,000 shares of Pegasystems stock. The stock was sold at an average price of $33.99, for a total transaction of $101,970.00.

Pegasystems Price Performance

PEGA stock opened at $37.63 on Wednesday. The firm has a market capitalization of $6.19 billion, a P/E ratio of 21.26 and a beta of 0.89. Pegasystems Inc. has a 52-week low of $25.10 and a 52-week high of $68.10. The company’s 50 day simple moving average is $32.99 and its 200-day simple moving average is $35.97.

Pegasystems (NASDAQ:PEGA) last released its earnings results on Tuesday, July 21st. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). Pegasystems had a net margin of 18.66% and a return on equity of 32.21%. The business had revenue of $420.72 million during the quarter, compared to analysts’ expectations of $427.38 million. During the same quarter in the previous year, the company earned $0.28 EPS. Pegasystems’s revenue for the quarter was up 9.4% on a year-over-year basis. Sell-side analysts predict that Pegasystems Inc. will post 1.66 EPS for the current fiscal year.

Pegasystems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, October 1st. Pegasystems’s dividend payout ratio is currently 6.78%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of Pegasystems in the 4th quarter valued at $28,000. Signature Equity Partners LLC boosted its holdings in Pegasystems by 302.2% in the first quarter. Signature Equity Partners LLC now owns 929 shares of the technology company’s stock worth $40,000 after purchasing an additional 698 shares in the last quarter. Leonteq Securities AG acquired a new position in Pegasystems during the fourth quarter worth $58,000. Global Retirement Partners LLC acquired a new position in Pegasystems during the second quarter worth $41,000. Finally, Allworth Financial LP bought a new position in Pegasystems during the second quarter valued at about $42,000. Hedge funds and other institutional investors own 46.89% of the company’s stock.

Pegasystems News Summary

Here are the key news stories impacting Pegasystems this week:

• Neutral Sentiment: Pegasystems maintained its quarterly cash dividend at $0.03 per share. The dividend will be paid October 15 to shareholders of record October 1, representing an annualized yield of approximately 0.3%. The continuation of the dividend signals ongoing capital returns, although the low yield limits its likely impact on the stock. Pega Announces Quarterly Cash Dividend for Fourth Quarter of 2026
• Negative Sentiment: CFO Kenneth Stillwell sold 39,627 shares at an average price of $35.77, generating approximately $1.42 million. The sale reduced his direct ownership by 29.39%, which may weigh on investor sentiment, though insider sales do not necessarily indicate a deterioration in business fundamentals. Kenneth Stillwell Form 4 Filing
• Negative Sentiment: Insider Kerim Akgonul sold 7,000 shares for approximately $252,210 at an average price of $36.03, reducing his position by 6.26%. Combined insider sales totaled 46,627 shares and roughly $1.67 million. Kerim Akgonul Form 4 Filing

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pegasystems in a research note on Tuesday, September 1st. Citizens Jmp lowered shares of Pegasystems from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 22nd. Rosenblatt Securities decreased their price target on shares of Pegasystems from $58.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. DA Davidson set a $32.00 price objective on shares of Pegasystems and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, Royal Bank Of Canada set a $35.00 price objective on shares of Pegasystems and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $50.10.

Pegasystems Company Profile

Pegasystems Inc develops enterprise software for customer engagement, workflow automation and business process management. Its solutions help organizations manage customer service, sales, marketing, operations and back-office processes across digital and traditional channels.

The company’s product portfolio includes Pega Platform, a low-code application development and automation platform; Pega Customer Service and Pega Sales; Pega Customer Decision Hub for real-time, personalized customer engagement; and tools for case management, robotic process automation and artificial intelligence.