Key Points
- Pegasystems CFO Kenneth Stillwell sold 16,256 shares for $577,738.24 at an average price of $35.54, reducing his direct holdings by 15.71% to 87,225 shares.
- Pegasystems’ latest quarter missed analyst expectations, reporting EPS of $0.35 versus $0.45 forecast and revenue of $393.36 million versus $421.06 million expected; revenue was up 3.1% year over year.
- Analysts have a consensus Hold rating and an average price target of $45.73. The stock opened at $32.40 in the report, with a 52-week range of $25.10 to $63.26.
Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) CFO Kenneth Stillwell sold 16,256 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $35.54, for a total value of $577,738.24. Following the sale, the chief financial officer directly owned 87,225 shares of the company's stock, valued at $3,099,976.50. The trade was a 15.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Kenneth Stillwell also recently made the following trade(s):
- On Friday, September 11th, Kenneth Stillwell sold 39,627 shares of Pegasystems stock. The stock was sold at an average price of $35.77, for a total transaction of $1,417,457.79.
Pegasystems Stock Performance
PEGA opened at $32.40 on Friday. Pegasystems Inc. has a 52-week low of $25.10 and a 52-week high of $63.26. The stock's 50 day moving average price is $35.25 and its 200-day moving average price is $36.78. The stock has a market capitalization of $5.30 billion, a PE ratio of 20.12 and a beta of 0.94.
Pegasystems (NASDAQ:PEGA - Get Free Report) last announced its earnings results on Tuesday, October 20th. The technology company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.10). The company had revenue of $393.36 million during the quarter, compared to analysts' expectations of $421.06 million. Pegasystems had a return on equity of 35.22% and a net margin of 16.86%. Pegasystems's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 EPS. Research analysts forecast that Pegasystems Inc. will post 1.43 EPS for the current fiscal year.
Pegasystems Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 1st were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Thursday, October 1st. Pegasystems's dividend payout ratio (DPR) is 7.45%.
Wall Street Analysts Forecast Growth
PEGA has been the subject of several research analyst reports. DA Davidson set a $35.00 price objective on Pegasystems in a report on Thursday, October 22nd. Weiss Ratings cut shares of Pegasystems from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, October 30th. Barclays set a $42.00 price objective on Pegasystems and gave the stock an "overweight" rating in a report on Thursday, October 22nd. Citizens Jmp cut shares of Pegasystems from an "outperform" rating to a "market perform" rating in a report on Wednesday, July 22nd. Finally, Zacks Research cut shares of Pegasystems from a "hold" rating to a "strong sell" rating in a research note on Friday, October 23rd. Six equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $45.73.
Get Our Latest Analysis on Pegasystems
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. Aberdeen Group plc bought a new stake in shares of Pegasystems during the third quarter valued at approximately $434,000. Fisher Asset Management LLC raised its stake in Pegasystems by 9.9% in the 3rd quarter. Fisher Asset Management LLC now owns 1,207,366 shares of the technology company's stock worth $40,181,000 after acquiring an additional 108,297 shares during the last quarter. Illinois Municipal Retirement Fund grew its stake in Pegasystems by 39.0% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 169,308 shares of the technology company's stock valued at $5,635,000 after acquiring an additional 47,542 shares in the last quarter. AlphaCore Capital LLC purchased a new stake in shares of Pegasystems during the 3rd quarter worth $200,000. Finally, Fulcrum Asset Management LLP acquired a new stake in shares of Pegasystems in the third quarter valued at approximately $1,831,000. Institutional investors own 46.89% of the company's stock.
Pegasystems Company Profile
(
Get Free Report)
Pegasystems Inc is a software company that develops enterprise applications for customer engagement, workflow automation and business process management. Its technology helps organizations manage customer interactions, automate repetitive work, coordinate complex processes and make data-driven decisions across departments and channels.
The company's portfolio includes Pega Platform, a low-code application development and workflow platform, along with solutions for customer service, sales automation, marketing, decisioning and artificial intelligence.
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