Kenneth Stillwell Sells 5,716 Shares of Pegasystems Inc. (NASDAQ:PEGA) Stock

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Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 5,716 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.04, for a total transaction of $434,644.64. Following the completion of the transaction, the chief financial officer now owns 10,233 shares of the company’s stock, valued at $778,117.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Kenneth Stillwell also recently made the following trade(s):

  • On Monday, July 1st, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The stock was sold at an average price of $72.05, for a total transaction of $144,100.00.
  • On Monday, June 3rd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The stock was sold at an average price of $71.32, for a total transaction of $142,640.00.

Shares of PEGA opened at $69.10 on Thursday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.08. The company’s fifty day moving average is $74.41. Pegasystems Inc. has a 1-year low of $43.21 and a 1-year high of $79.67.

Pegasystems (NASDAQ:PEGA) last announced its earnings results on Tuesday, May 7th. The technology company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.24). The company had revenue of $212.50 million for the quarter, compared to analysts’ expectations of $237.63 million. Pegasystems had a negative net margin of 3.49% and a negative return on equity of 4.85%. Pegasystems’s quarterly revenue was down 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share. Sell-side analysts expect that Pegasystems Inc. will post -0.65 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.12 dividend on an annualized basis and a yield of 0.17%.

PEGA has been the subject of a number of recent analyst reports. Benchmark restated a “buy” rating and issued a $80.00 price objective (up from $72.00) on shares of Pegasystems in a report on Wednesday, May 8th. Wedbush restated an “outperform” rating and issued a $90.00 price objective (up from $84.00) on shares of Pegasystems in a report on Wednesday, May 8th. They noted that the move was a valuation call. UBS Group boosted their price objective on shares of Pegasystems to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, May 7th. JMP Securities boosted their price objective on shares of Pegasystems from $72.00 to $81.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 8th. Finally, BidaskClub lowered shares of Pegasystems from a “buy” rating to a “hold” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Pegasystems has an average rating of “Buy” and a consensus target price of $79.20.

A number of institutional investors and hedge funds have recently made changes to their positions in PEGA. Quantamental Technologies LLC raised its stake in Pegasystems by 542.2% during the 1st quarter. Quantamental Technologies LLC now owns 411 shares of the technology company’s stock valued at $27,000 after buying an additional 347 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Pegasystems during the 2nd quarter valued at $53,000. Parkside Financial Bank & Trust raised its stake in Pegasystems by 1,102.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,094 shares of the technology company’s stock valued at $78,000 after buying an additional 1,003 shares during the last quarter. Carroll Financial Associates Inc. purchased a new stake in Pegasystems during the 2nd quarter valued at $108,000. Finally, Stone Ridge Asset Management LLC purchased a new stake in Pegasystems during the 2nd quarter valued at $202,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses, and supports enterprise software applications in the United States, India, and internationally. It provides Pega Platform, an application development product for clients; and Pega Infinity, a software platform that unifies customer engagement and digital process automation.

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Insider Buying and Selling by Quarter for Pegasystems (NASDAQ:PEGA)

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