Pegasystems Inc. (PEGA) SVP Douglas I. Kra Sells 819 Shares of Stock
Pegasystems Inc. (NASDAQ:PEGA) SVP Douglas I. Kra sold 819 shares of the stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $29.31, for a total value of $24,004.89. Following the completion of the transaction, the senior vice president now directly owns 37,369 shares in the company, valued at approximately $1,095,285.39. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Pegasystems Inc. (NASDAQ:PEGA) opened at 29.50 on Thursday. The stock has a 50 day moving average price of $27.34 and a 200 day moving average price of $26.68. Pegasystems Inc. has a one year low of $20.38 and a one year high of $30.23. The company has a market cap of $2.25 billion, a PE ratio of 57.84 and a beta of 1.71.
Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.04. Pegasystems had a net margin of 5.44% and a return on equity of 16.25%. The company had revenue of $189 million for the quarter, compared to analysts’ expectations of $185.19 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Pegasystems’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, equities analysts anticipate that Pegasystems Inc. will post $0.91 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be issued 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 institutional investors have recently made changes to their positions in the stock. Ranger Investment Management L.P. bought a new position in shares of Pegasystems during the second quarter valued at $21,009,000. Monarch Partners Asset Management LLC bought a new position in shares of Pegasystems during the second quarter valued at $10,549,000. Polar Capital LLP bought a new position in shares of Pegasystems during the second quarter valued at $10,462,000. FMR LLC raised its position 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 in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Pegasystems by 54.3% in the first quarter. Renaissance Technologies LLC now owns 445,424 shares of the company’s stock valued at $11,305,000 after buying an additional 156,700 shares in the last quarter. Hedge funds and other institutional investors own 41.74% of the company’s stock.
A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Pegasystems from a “sell” rating to a “hold” rating in a research note on Wednesday. Wedbush reiterated an “outperform” rating and set a $32.00 target price on shares of Pegasystems in a report on Tuesday, September 20th. TheStreet cut Pegasystems from a “buy” rating to a “hold” rating in a report on Friday, August 26th. Finally, JMP Securities reiterated a “buy” rating on shares of Pegasystems in a report on Wednesday, June 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $30.67.
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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