Pegasystems Inc. (PEGA) SVP Sells $24,004.89 in Stock
Pegasystems Inc. (NASDAQ:PEGA) SVP Douglas I. Kra sold 819 shares of the business’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $29.31, for a total value of $24,004.89. Following the transaction, the senior vice president now owns 37,369 shares in the company, valued at $1,095,285.39. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Pegasystems Inc. (NASDAQ:PEGA) opened at 29.18 on Monday. The firm’s 50-day moving average price is $27.56 and its 200 day moving average price is $26.73. Pegasystems Inc. has a 1-year low of $20.38 and a 1-year high of $30.23. The stock has a market cap of $2.23 billion, a P/E ratio of 57.22 and a beta of 1.70.
Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.15 by $0.04. Pegasystems had a return on equity of 16.25% and a net margin of 5.44%. The business earned $189 million during the quarter, compared to analyst estimates of $185.19 million. During the same period last year, the business posted $0.14 earnings per share. The company’s quarterly revenue was up 16.7% on a year-over-year basis. On average, equities analysts expect that Pegasystems Inc. will post $0.91 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, September 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.41%. Pegasystems’s dividend payout ratio is currently 24.00%.
Several research analysts recently weighed in on the company. Zacks Investment Research upgraded Pegasystems from a “sell” rating to a “hold” rating in a research note on Wednesday, October 5th. Wedbush restated an “outperform” rating and set a $32.00 target price on shares of Pegasystems in a research note on Tuesday, September 20th. Finally, TheStreet downgraded Pegasystems from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Pegasystems has a consensus rating of “Hold” and an average target price of $30.67.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Pegasystems by 0.3% in the second quarter. Vanguard Group Inc. now owns 2,536,517 shares of the company’s stock valued at $68,359,000 after buying an additional 8,353 shares in the last quarter. FMR LLC boosted its stake in shares of Pegasystems by 18.1% in the second quarter. FMR LLC now owns 1,518,245 shares of the company’s stock valued at $40,917,000 after buying an additional 232,745 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Pegasystems by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,386,596 shares of the company’s stock valued at $37,368,000 after buying an additional 96,691 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Pegasystems by 0.8% in the second quarter. BlackRock Fund Advisors now owns 945,177 shares of the company’s stock valued at $25,473,000 after buying an additional 7,794 shares during the last quarter. Finally, Ranger Investment Management L.P. bought a new stake in shares of Pegasystems during the second quarter valued at about $21,009,000. Institutional investors and hedge funds own 41.74% of the company’s stock.
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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