Pegasystems Inc. (NASDAQ:PEGA) Director Larry Weber sold 750 shares of the stock in a transaction on Friday, November 9th. The shares were sold at an average price of $54.20, for a total value of $40,650.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of NASDAQ:PEGA opened at $50.79 on Wednesday. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 230.86, a P/E/G ratio of 50.38 and a beta of 1.28. Pegasystems Inc. has a one year low of $45.40 and a one year high of $67.95.

Pegasystems (NASDAQ:PEGA) last announced its earnings results on Wednesday, November 7th. The technology company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.10). Pegasystems had a negative net margin of 1.08% and a negative return on equity of 0.90%. The company had revenue of $203.26 million for the quarter, compared to analyst estimates of $199.57 million. During the same quarter last year, the company posted $0.09 EPS. Pegasystems’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities research analysts forecast that Pegasystems Inc. will post 0.13 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Monday, October 1st were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.24%. The ex-dividend date was Friday, September 28th. Pegasystems’s dividend payout ratio (DPR) is 54.55%.

Several hedge funds have recently bought and sold shares of PEGA. Standard Life Aberdeen plc boosted its holdings in shares of Pegasystems by 63.0% during the third quarter. Standard Life Aberdeen plc now owns 1,238,757 shares of the technology company’s stock worth $77,608,000 after purchasing an additional 478,916 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Pegasystems during the second quarter worth $11,618,000. Renaissance Technologies LLC boosted its holdings in shares of Pegasystems by 229.8% during the second quarter. Renaissance Technologies LLC now owns 242,824 shares of the technology company’s stock worth $13,307,000 after purchasing an additional 169,200 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of Pegasystems by 219.2% during the third quarter. Panagora Asset Management Inc. now owns 234,273 shares of the technology company’s stock worth $14,665,000 after purchasing an additional 160,884 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Pegasystems by 20.3% during the second quarter. Millennium Management LLC now owns 612,858 shares of the technology company’s stock worth $33,585,000 after purchasing an additional 103,240 shares during the last quarter. Institutional investors and hedge funds own 44.30% of the company’s stock.

A number of equities research analysts have commented on PEGA shares. BidaskClub upgraded Pegasystems from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Wedbush reiterated an “outperform” rating and set a $76.00 target price (down previously from $78.00) on shares of Pegasystems in a report on Monday, August 6th. Finally, ValuEngine upgraded Pegasystems from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. Pegasystems currently has a consensus rating of “Buy” and a consensus price target of $70.20.

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About Pegasystems

Pegasystems Inc develops, markets, licenses, and supports software applications for marketing, sales automation, customer service, and operations in the United States and internationally. It provides Pega Platform, an application development product for clients. The company offers customer engagement applications, including Pega Marketing that enable enterprises to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega sales automation to automate and manage the sales process; and Pega customer service to anticipate customer needs, connect customers, the right people and systems, and automate customer interactions to evolve the customer service experience and to allow enterprises to deliver interactions across channels and enhance employee productivity.

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