Leon Trefler Sells 4,313 Shares of Pegasystems Inc. (PEGA) Stock
Pegasystems Inc. (NASDAQ:PEGA) SVP Leon Trefler sold 4,313 shares of the firm’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $33.13, for a total transaction of $142,889.69. Following the completion of the transaction, the senior vice president now directly owns 14,587 shares in the company, valued at $483,267.31. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Pegasystems Inc. (NASDAQ:PEGA) opened at 32.95 on Friday. Pegasystems Inc. has a one year low of $20.38 and a one year high of $34.13. The firm has a market cap of $2.51 billion, a P/E ratio of 64.61 and a beta of 1.56. The stock’s 50 day moving average is $30.36 and its 200-day moving average is $27.70.
Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Pegasystems had a net margin of 4.77% and a return on equity of 15.13%. The business had revenue of $182.80 million for the quarter, compared to analyst estimates of $185.88 million. During the same period in the previous year, the business posted $0.17 earnings per share. The business’s revenue was up 12.6% compared to the same quarter last year. Analysts anticipate that Pegasystems Inc. will post $0.94 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Monday, October 3rd were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $0.12 annualized dividend and a yield of 0.36%. Pegasystems’s payout ratio is currently 26.67%.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. DUPONT CAPITAL MANAGEMENT Corp bought a new position in shares of Pegasystems during the second quarter valued at $1,599,000. Bank of New York Mellon Corp raised its position in shares of Pegasystems by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 239,538 shares of the company’s stock valued at $6,456,000 after buying an additional 6,308 shares during the last quarter. Papp L Roy & Associates raised its position in shares of Pegasystems by 26.9% in the second quarter. Papp L Roy & Associates now owns 35,940 shares of the company’s stock valued at $969,000 after buying an additional 7,610 shares during the last quarter. Monarch Partners Asset Management LLC bought a new position in shares of Pegasystems during the second quarter valued at $10,549,000. Finally, American Century Companies Inc. raised its position in shares of Pegasystems by 2.3% in the second quarter. American Century Companies Inc. now owns 160,874 shares of the company’s stock valued at $4,336,000 after buying an additional 3,637 shares during the last quarter. Institutional investors own 41.52% of the company’s stock.
A number of research analysts have weighed in on the stock. JMP Securities reissued a “buy” rating on shares of Pegasystems in a research note on Thursday, November 3rd. Zacks Investment Research lowered shares of Pegasystems from a “hold” rating to a “sell” rating in a research note on Saturday, August 6th. Wedbush raised their target price on shares of Pegasystems from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, November 3rd. Finally, TheStreet lowered shares of Pegasystems from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $32.75.
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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