Key Points
- Alan Trefler sold 45,000 Pegasystems shares on Jan. 21 at an average price of $49.02 for about $2.2059M, leaving him with 44,394,454 shares (a 0.10% ownership decline, valued near $2.176B).
- This follows two prior sales of 45,000 shares on Dec. 17 ($58.13) and Nov. 5 ($60.03), bringing recent insider sale proceeds to roughly $7.52M for a total of about 135,000 shares sold.
- Pegasystems recently beat Q3 estimates (EPS $0.30 vs. $0.18; revenue $381.35M, +17.3% YoY), pays a $0.03 quarterly dividend, and holds a consensus analyst rating of "Moderate Buy" with a $70.05 price target.
Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) Chairman Alan Trefler sold 45,000 shares of the company's stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $49.02, for a total value of $2,205,900.00. Following the transaction, the chairman owned 44,394,454 shares of the company's stock, valued at approximately $2,176,216,135.08. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Alan Trefler also recently made the following trade(s):
- On Wednesday, December 17th, Alan Trefler sold 45,000 shares of Pegasystems stock. The shares were sold at an average price of $58.13, for a total value of $2,615,850.00.
- On Wednesday, November 5th, Alan Trefler sold 45,000 shares of Pegasystems stock. The shares were sold at an average price of $60.03, for a total transaction of $2,701,350.00.
Pegasystems Stock Up 0.5%
PEGA stock opened at $50.38 on Friday. The stock has a market cap of $8.55 billion, a PE ratio of 33.81 and a beta of 1.08. The firm's 50-day simple moving average is $57.19 and its 200 day simple moving average is $56.76. Pegasystems Inc. has a fifty-two week low of $29.84 and a fifty-two week high of $68.10.
Pegasystems (NASDAQ:PEGA - Get Free Report) last posted its earnings results on Tuesday, October 21st. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.12. Pegasystems had a net margin of 16.05% and a return on equity of 43.49%. The firm had revenue of $381.35 million during the quarter, compared to analyst estimates of $351.95 million. During the same period in the previous year, the business posted $0.39 EPS. Pegasystems's revenue was up 17.3% on a year-over-year basis. Equities analysts forecast that Pegasystems Inc. will post 1.89 EPS for the current fiscal year.
Pegasystems Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, January 2nd. Pegasystems's dividend payout ratio is 8.05%.
Analyst Ratings Changes
A number of brokerages have issued reports on PEGA. Wall Street Zen lowered Pegasystems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 22nd. DA Davidson upgraded shares of Pegasystems from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $60.00 to $85.00 in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a "hold (c+)" rating on shares of Pegasystems in a research report on Monday, December 29th. Wedbush raised their target price on shares of Pegasystems from $70.00 to $75.00 and gave the company an "outperform" rating in a research note on Thursday, October 23rd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $80.00 price target (up from $70.00) on shares of Pegasystems in a research note on Wednesday, October 22nd. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.05.
View Our Latest Research Report on Pegasystems
Institutional Investors Weigh In On Pegasystems
Several hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC boosted its position in shares of Pegasystems by 236.2% during the 2nd quarter. AQR Capital Management LLC now owns 4,037,552 shares of the technology company's stock valued at $217,584,000 after purchasing an additional 2,836,733 shares in the last quarter. State Street Corp lifted its stake in Pegasystems by 255.3% during the second quarter. State Street Corp now owns 2,907,677 shares of the technology company's stock valued at $157,393,000 after purchasing an additional 2,089,375 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Pegasystems by 86.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,050,075 shares of the technology company's stock valued at $219,231,000 after purchasing an additional 1,875,896 shares during the last quarter. Bares Capital Management Inc. boosted its holdings in Pegasystems by 76.6% during the second quarter. Bares Capital Management Inc. now owns 3,542,716 shares of the technology company's stock worth $191,767,000 after buying an additional 1,536,726 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Pegasystems by 357.6% in the third quarter. American Century Companies Inc. now owns 1,586,793 shares of the technology company's stock worth $91,241,000 after buying an additional 1,239,998 shares during the last quarter. 46.89% of the stock is currently owned by institutional investors.
About Pegasystems
(
Get Free Report)
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.
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