Pegasystems (NASDAQ:PEGA) Director Dianne Ledingham Sells 1,000 Shares of Company Stock

Pegasystems Inc. (NASDAQ:PEGA) Director Dianne Ledingham sold 1,000 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $34.15, for a total transaction of $34,150.00. Following the transaction, the director owned 38,280 shares of the company’s stock, valued at approximately $1,307,262. This represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Dianne Ledingham also recently made the following trade(s):

• On Tuesday, September 15th, Dianne Ledingham sold 1,000 shares of Pegasystems stock. The stock was sold at an average price of $38.00, for a total transaction of $38,000.00.

Pegasystems Price Performance

NASDAQ PEGA traded up $0.60 on Monday, hitting $34.53. 1,701,976 shares of the stock were exchanged, compared to its average volume of 2,356,353. The company has a market capitalization of $5.68 billion, a PE ratio of 19.51 and a beta of 0.89. The business’s fifty day moving average is $34.06 and its 200 day moving average is $35.02. Pegasystems Inc. has a 52 week low of $25.10 and a 52 week high of $68.10.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings data on Tuesday, July 21st. The technology company reported $0.35 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 firm had revenue of $420.72 million during the quarter, compared to the consensus estimate of $427.38 million. During the same period last year, the business earned $0.28 EPS. The business’s revenue was up 9.4% on a year-over-year basis. Analysts predict that Pegasystems Inc. will post 1.69 EPS for the current fiscal year.

Pegasystems Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PEGA shares. Royal Bank Of Canada set a $35.00 price objective on shares of Pegasystems and gave the company an “outperform” rating in a research report on Thursday, July 23rd. William Blair lowered shares of Pegasystems from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 22nd. Rosenblatt Securities cut their price objective on shares of Pegasystems from $58.00 to $47.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. KeyCorp downgraded Pegasystems from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, July 22nd. Finally, Loop Capital lowered Pegasystems from a “buy” rating to a “hold” rating and lowered their target price for the stock from $55.00 to $25.00 in a research note on Thursday, July 23rd. Four analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $47.40.

Institutional Trading of Pegasystems

Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Michigan Retirement System raised its position in shares of Pegasystems by 1.4% in the first quarter. State of Michigan Retirement System now owns 22,000 shares of the technology company’s stock valued at $936,000 after buying an additional 300 shares in the last quarter. Diversified Trust Co raised its holdings in Pegasystems by 3.2% in the 1st quarter. Diversified Trust Co now owns 11,364 shares of the technology company’s stock valued at $484,000 after acquiring an additional 350 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Pegasystems by 2.2% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 18,700 shares of the technology company’s stock valued at $796,000 after acquiring an additional 400 shares during the period. State of Wyoming lifted its position in shares of Pegasystems by 3.4% during the 1st quarter. State of Wyoming now owns 12,709 shares of the technology company’s stock valued at $541,000 after acquiring an additional 423 shares during the period. Finally, Signature Equity Partners LLC grew its holdings in shares of Pegasystems by 302.2% during the 1st 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. Institutional investors and hedge funds own 46.89% of the company’s stock.

About Pegasystems

Pegasystems Inc is an enterprise software company that develops applications for customer engagement, business process management and workflow automation. Its software is designed to help organizations manage complex operations, improve customer service and automate decision-making across departments and channels.

The company’s product portfolio includes Pega Platform, a low-code application development and process automation platform, as well as solutions for customer relationship management, customer service, sales automation, marketing, fraud detection and case management.