Kenneth Stillwell Sells 44,000 Shares of Pegasystems (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 44,000 shares of Pegasystems stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $44.81, for a total value of $1,971,640.00. Following the completion of the transaction, the chief financial officer owned 109,123 shares in the company, valued at $4,889,801.63. This trade represents a 28.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Pegasystems Stock Performance

Shares of Pegasystems stock opened at $42.45 on Friday. The company has a market capitalization of $7.18 billion, a PE ratio of 19.88 and a beta of 1.06. The company has a 50-day simple moving average of $47.26 and a two-hundred day simple moving average of $54.34. Pegasystems Inc. has a one year low of $29.84 and a one year high of $68.10.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Pegasystems had a net margin of 22.54% and a return on equity of 38.86%. The business had revenue of $504.32 million for the quarter, compared to analysts’ expectations of $494.60 million. During the same period last year, the business earned $0.80 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. On average, equities analysts predict that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Pegasystems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, January 2nd. Pegasystems’s dividend payout ratio (DPR) is 5.63%.

Institutional Trading of Pegasystems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. purchased a new position in shares of Pegasystems in the third quarter worth about $28,000. International Assets Investment Management LLC purchased a new stake in Pegasystems in the fourth quarter valued at approximately $28,000. Hantz Financial Services Inc. boosted its position 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 last quarter. EFG International AG acquired a new position in Pegasystems in the 4th quarter worth approximately $32,000. Finally, Mather Group LLC. purchased a new position in Pegasystems during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 46.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PEGA. Royal Bank Of Canada set a $65.00 price target on Pegasystems and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Zacks Research raised Pegasystems from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Pegasystems in a report on Monday, December 29th. Citigroup boosted their price target on Pegasystems from $73.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Wedbush cut their price objective on shares of Pegasystems from $75.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.60.

About Pegasystems

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.