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 on Tuesday, March 10th. The shares were sold at an average price of $44.81, for a total transaction of $1,971,640.00. Following the transaction, the chief financial officer owned 109,123 shares in the company, valued at approximately $4,889,801.63. This trade represents a 28.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Pegasystems Trading Down 2.5%

Pegasystems stock traded down $1.10 during mid-day trading on Thursday, hitting $42.50. The stock had a trading volume of 1,602,600 shares, compared to its average volume of 2,308,862. Pegasystems Inc. has a one year low of $29.84 and a one year high of $68.10. The firm has a market capitalization of $7.18 billion, a P/E ratio of 19.90 and a beta of 1.06. The firm’s 50 day moving average is $47.88 and its 200 day moving average is $54.49.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Pegasystems had a return on equity of 38.86% and a net margin of 22.54%.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 firm earned $0.80 earnings per share. The business’s quarterly revenue was up 2.8% on a year-over-year basis. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. As a group, equities research analysts forecast that Pegasystems Inc. will post 1.89 earnings per share for the current year.

Pegasystems Dividend Announcement

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

Analyst Ratings Changes

PEGA has been the subject of several recent analyst reports. Zacks Research upgraded Pegasystems from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Citizens Jmp lowered their target price on shares of Pegasystems from $78.00 to $58.00 and set a “market outperform” rating on the stock in a report on Thursday, February 12th. Wall Street Zen lowered shares of Pegasystems from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 14th. KeyCorp set a $60.00 price target on shares of Pegasystems in a report on Thursday, February 5th. Finally, Royal Bank Of Canada set a $65.00 price objective on shares of Pegasystems and gave the company an “outperform” rating in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Pegasystems has an average rating of “Moderate Buy” and a consensus price target of $67.60.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PEGA. NewEdge Advisors LLC increased its position in Pegasystems by 141,900.0% in the first quarter. NewEdge Advisors LLC now owns 4,260 shares of the technology company’s stock worth $296,000 after purchasing an additional 4,257 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Pegasystems by 450.4% during the first quarter. Jones Financial Companies Lllp now owns 1,844 shares of the technology company’s stock valued at $128,000 after purchasing an additional 1,509 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Pegasystems by 5.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 248,168 shares of the technology company’s stock worth $17,253,000 after buying an additional 13,075 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Pegasystems by 18.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 155,783 shares of the technology company’s stock worth $10,830,000 after acquiring an additional 23,713 shares during the last quarter. Finally, Focus Partners Wealth raised its position in Pegasystems by 55.0% during the first quarter. Focus Partners Wealth now owns 5,476 shares of the technology company’s stock valued at $381,000 after purchasing an additional 1,943 shares during the period. 46.89% of the stock is currently owned by institutional investors.

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.