Leon Trefler Sells 752 Shares of Pegasystems Inc. (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) insider Leon Trefler sold 752 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $60.34, for a total transaction of $45,375.68. Following the transaction, the insider now owns 39,188 shares in the company, valued at approximately $2,364,603.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Leon Trefler also recently made the following trade(s):

• On Monday, April 1st, Leon Trefler sold 752 shares of Pegasystems stock. The stock was sold at an average price of $64.20, for a total transaction of $48,278.40.
• On Tuesday, February 20th, Leon Trefler sold 1,504 shares of Pegasystems stock. The stock was sold at an average price of $63.80, for a total transaction of $95,955.20.

Pegasystems Stock Performance

Shares of PEGA traded up $1.19 during mid-day trading on Wednesday, hitting $60.61. 657,235 shares of the company traded hands, compared to its average volume of 503,480. The stock has a 50-day moving average price of $62.65 and a two-hundred day moving average price of $53.54. Pegasystems Inc. has a 1 year low of $37.66 and a 1 year high of $69.26. The stock has a market cap of $5.15 billion, a price-to-earnings ratio of 73.92 and a beta of 1.06.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.64. Pegasystems had a net margin of 5.32% and a return on equity of 45.00%. The firm had revenue of $474.23 million during the quarter, compared to analysts’ expectations of $428.76 million. On average, analysts forecast that Pegasystems Inc. will post 1.5 EPS for the current year.

Pegasystems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.12 annualized dividend and a dividend yield of 0.20%. Pegasystems’s payout ratio is 14.63%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Bares Capital Management Inc. increased its holdings in Pegasystems by 1.6% during the fourth quarter. Bares Capital Management Inc. now owns 5,862,346 shares of the technology company’s stock valued at $286,434,000 after buying an additional 90,993 shares during the last quarter. Vanguard Group Inc. increased its holdings in Pegasystems by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 5,118,964 shares of the technology company’s stock valued at $250,113,000 after buying an additional 114,848 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Pegasystems by 3.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 946,109 shares of the technology company’s stock valued at $46,227,000 after buying an additional 31,925 shares during the last quarter. Federated Hermes Inc. increased its holdings in Pegasystems by 4.9% during the third quarter. Federated Hermes Inc. now owns 808,001 shares of the technology company’s stock valued at $35,075,000 after buying an additional 37,880 shares during the last quarter. Finally, Ranger Investment Management L.P. increased its holdings in Pegasystems by 29.9% during the fourth quarter. Ranger Investment Management L.P. now owns 625,471 shares of the technology company’s stock valued at $30,561,000 after buying an additional 143,986 shares during the last quarter. 46.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on PEGA. TheStreet raised shares of Pegasystems from a “d+” rating to a “c” rating in a research note on Thursday, February 15th. StockNews.com raised shares of Pegasystems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 13th. Wedbush reissued an “outperform” rating and set a $90.00 price objective on shares of Pegasystems in a research note on Friday, April 26th. The Goldman Sachs Group upped their target price on shares of Pegasystems from $50.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Finally, Barclays upped their target price on shares of Pegasystems from $66.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $72.33.

About Pegasystems

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients' processes and workflows.