Key Points
- Director Dianne Ledingham sold 1,000 Pegasystems shares at an average price of $34.15, for proceeds of $34,150. The transaction occurred under a pre-arranged Rule 10b5-1 plan, leaving her with 38,280 shares.
- Pegasystems recently reported quarterly EPS of $0.35, below the $0.43 analyst consensus, while revenue rose 9.4% year over year to $420.72 million.
- Analysts have a consensus “Hold” rating and an average price target of $47.40, while the company pays a quarterly dividend of $0.03 per share, yielding approximately 0.3%.
Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) Director Dianne Ledingham sold 1,000 shares of the company's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $34.15, for a total transaction of $34,150.00. Following the sale, the director owned 38,280 shares of the company's stock, valued at $1,307,262. This represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Dianne Ledingham also recently made the following trade(s):
- On Tuesday, September 15th, Dianne Ledingham sold 1,000 shares of Pegasystems stock. The stock was sold at an average price of $38.00, for a total transaction of $38,000.00.
Pegasystems Trading Up 1.8%
PEGA stock opened at $34.53 on Tuesday. The firm's 50-day moving average price is $34.17 and its two-hundred day moving average price is $34.97. Pegasystems Inc. has a 12-month low of $25.10 and a 12-month high of $68.10. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 19.51 and a beta of 0.89.
Pegasystems (NASDAQ:PEGA - Get Free Report) last posted its earnings results 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 for the quarter, compared to analysts' expectations of $427.38 million. Pegasystems had a return on equity of 32.21% and a net margin of 18.66%.The business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 earnings per share. Equities analysts predict that Pegasystems Inc. will post 1.69 EPS for the current year.
Pegasystems Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. Pegasystems's dividend payout ratio is presently 6.78%.
Hedge Funds Weigh In On Pegasystems
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Signature Equity Partners LLC grew its position in Pegasystems by 302.2% in the 1st quarter. Signature Equity Partners LLC now owns 929 shares of the technology company's stock worth $40,000 after purchasing an additional 698 shares during the period. Global Retirement Partners LLC bought a new position in shares of Pegasystems during the 2nd quarter valued at $41,000. Allworth Financial LP bought a new position in shares of Pegasystems during the 2nd quarter valued at $42,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Pegasystems in the 2nd quarter worth $62,000. Finally, Transamerica Financial Advisors LLC purchased a new position in shares of Pegasystems in the 2nd quarter worth $63,000. Institutional investors own 46.89% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $47.00 price objective (down from $54.00) on shares of Pegasystems in a research report on Thursday, September 17th. Citigroup lowered Pegasystems from a "market outperform" rating to a "market perform" rating in a research note on Wednesday, July 22nd. Loop Capital cut shares of Pegasystems from a "buy" rating to a "hold" rating and cut their price target for the company from $55.00 to $25.00 in a report on Thursday, July 23rd. Citizens Jmp downgraded shares of Pegasystems from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 22nd. Finally, Barclays restated an "overweight" rating and issued a $39.00 price objective (down from $48.00) on shares of Pegasystems in a report on Thursday, July 23rd. Four equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $47.40.
Check Out Our Latest Stock Analysis on Pegasystems
About Pegasystems
(
Get Free Report)
Pegasystems Inc is an enterprise software company that develops applications for customer engagement, business process management and workflow automation. Its software is designed to help organizations manage complex operations, improve customer service and automate decision-making across departments and channels.
The company's product portfolio includes Pega Platform, a low-code application development and process automation platform, as well as solutions for customer relationship management, customer service, sales automation, marketing, fraud detection and case management.
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