Key Points
- Pegasystems CFO Kenneth Stillwell sold 39,627 shares at an average price of $35.77, generating approximately $1.42 million and reducing his direct ownership by 29.39%.
- Pegasystems’ latest quarterly results fell short of estimates, with EPS of $0.35 versus $0.43 expected and revenue of $420.72 million versus $427.38 million forecast, despite 9.4% year-over-year revenue growth.
- The company maintained its quarterly dividend at $0.03 per share, equal to a 0.3% annualized yield, while analysts’ consensus rating remained “Hold” with a $50.10 price target.
Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) insider Kerim Akgonul sold 7,000 shares of the business's stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $36.03, for a total value of $252,210.00. Following the completion of the sale, the insider owned 104,804 shares of the company's stock, valued at approximately $3,776,088.12. This trade represents a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Rifat Kerim Akgonul also recently made the following trade(s):
- On Tuesday, August 25th, Kerim Akgonul sold 3,000 shares of Pegasystems stock. The stock was sold at an average price of $33.99, for a total value of $101,970.00.
Pegasystems Stock Down 2.8%
Shares of PEGA stock opened at $37.63 on Wednesday. Pegasystems Inc. has a 12 month low of $25.10 and a 12 month high of $68.10. The company has a market cap of $6.19 billion, a PE ratio of 21.26 and a beta of 0.89. The business's 50 day moving average is $32.99 and its two-hundred day moving average is $35.97.
Pegasystems (NASDAQ:PEGA - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The technology company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.08). The firm had revenue of $420.72 million during the quarter, compared to analyst estimates of $427.38 million. Pegasystems had a return on equity of 32.21% and a net margin of 18.66%.Pegasystems's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.28 earnings per share. As a group, equities analysts expect that Pegasystems Inc. will post 1.66 EPS for the current fiscal year.
Pegasystems Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, October 1st. Pegasystems's dividend payout ratio (DPR) is 6.78%.
Key Stories Impacting Pegasystems
Here are the key news stories impacting Pegasystems this week:
- Neutral Sentiment: Pegasystems maintained its quarterly cash dividend at $0.03 per share. The dividend will be paid October 15 to shareholders of record October 1, representing an annualized yield of approximately 0.3%. The continuation of the dividend signals ongoing capital returns, although the low yield limits its likely impact on the stock. Pega Announces Quarterly Cash Dividend for Fourth Quarter of 2026
- Negative Sentiment: CFO Kenneth Stillwell sold 39,627 shares at an average price of $35.77, generating approximately $1.42 million. The sale reduced his direct ownership by 29.39%, which may weigh on investor sentiment, though insider sales do not necessarily indicate a deterioration in business fundamentals. Kenneth Stillwell Form 4 Filing
- Negative Sentiment: Insider Kerim Akgonul sold 7,000 shares for approximately $252,210 at an average price of $36.03, reducing his position by 6.26%. Combined insider sales totaled 46,627 shares and roughly $1.67 million. Kerim Akgonul Form 4 Filing
Wall Street Analysts Forecast Growth
PEGA has been the subject of a number of recent analyst reports. KeyCorp cut shares of Pegasystems from an "overweight" rating to a "sector weight" rating in a report on Wednesday, July 22nd. Zacks Research cut Pegasystems from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 25th. William Blair downgraded Pegasystems from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 22nd. Citizens Jmp lowered Pegasystems from an "outperform" rating to a "market perform" rating in a report on Wednesday, July 22nd. Finally, Loop Capital lowered Pegasystems from a "buy" rating to a "hold" rating and lowered their target price for the company from $55.00 to $25.00 in a report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $50.10.
Get Our Latest Analysis on PEGA
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in PEGA. BlackRock Inc. acquired a new position in Pegasystems in the 2nd quarter valued at approximately $286,923,000. North Peak Capital Management LLC grew its holdings in shares of Pegasystems by 2.3% during the 4th quarter. North Peak Capital Management LLC now owns 2,400,065 shares of the technology company's stock worth $143,332,000 after purchasing an additional 53,564 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Pegasystems by 26.6% during the 4th quarter. Geode Capital Management LLC now owns 2,344,266 shares of the technology company's stock worth $140,020,000 after purchasing an additional 492,760 shares in the last quarter. First Trust Advisors LP increased its position in shares of Pegasystems by 44.4% during the first quarter. First Trust Advisors LP now owns 2,048,599 shares of the technology company's stock valued at $87,188,000 after purchasing an additional 630,023 shares during the period. Finally, Fisher Asset Management LLC increased its position in shares of Pegasystems by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 1,170,377 shares of the technology company's stock valued at $69,895,000 after purchasing an additional 33,643 shares during the period. Institutional investors and hedge funds own 46.89% of the company's stock.
Pegasystems Company Profile
(
Get Free Report)
Pegasystems Inc develops enterprise software for customer engagement, workflow automation and business process management. Its solutions help organizations manage customer service, sales, marketing, operations and back-office processes across digital and traditional channels.
The company's product portfolio includes Pega Platform, a low-code application development and automation platform; Pega Customer Service and Pega Sales; Pega Customer Decision Hub for real-time, personalized customer engagement; and tools for case management, robotic process automation and artificial intelligence.
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