Pegasystems Inc. (NASDAQ:PEGA) VP Michael R. Pyle sold 1,522 shares of Pegasystems stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $59.48, for a total transaction of $90,528.56. Following the completion of the transaction, the vice president now directly owns 30,594 shares in the company, valued at approximately $1,819,731.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Pegasystems Inc. (PEGA) traded up 1.971% during midday trading on Friday, hitting $53.025. 800,128 shares of the stock were exchanged. Pegasystems Inc. has a one year low of $25.02 and a one year high of $64.85. The firm has a 50-day moving average price of $59.59 and a 200-day moving average price of $50.35. The stock has a market cap of $4.10 billion, a P/E ratio of 84.840 and a beta of 1.46.
Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.04. The firm had revenue of $197.98 million for the quarter, compared to analyst estimates of $205.06 million. Pegasystems had a return on equity of 12.56% and a net margin of 5.76%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm earned $0.19 EPS. On average, equities research analysts anticipate that Pegasystems Inc. will post $0.97 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Monday, July 3rd were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Thursday, June 29th. Pegasystems’s dividend payout ratio (DPR) is presently 19.67%.
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PEGA has been the topic of a number of analyst reports. BidaskClub downgraded shares of Pegasystems from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Wedbush reissued an “outperform” rating and set a $50.00 target price (up previously from $46.00) on shares of Pegasystems in a research report on Tuesday, May 2nd. JMP Securities reissued an “outperform” rating and set a $63.00 target price (up previously from $55.00) on shares of Pegasystems in a research report on Wednesday, June 7th. Zacks Investment Research downgraded shares of Pegasystems from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, Mitsubishi UFJ Financial Group set a $57.00 target price on shares of Pegasystems and gave the stock a “buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $63.00.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. purchased a new position in Pegasystems during the second quarter valued at about $105,000. Sei Investments Co. increased its position in Pegasystems by 4,892.9% in the second quarter. Sei Investments Co. now owns 2,097 shares of the technology company’s stock valued at $122,000 after buying an additional 2,055 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Pegasystems during the first quarter valued at about $137,000. Citigroup Inc. boosted its stake in Pegasystems by 666.5% in the second quarter. Citigroup Inc. now owns 4,116 shares of the technology company’s stock worth $240,000 after buying an additional 3,579 shares in the last quarter. Finally, Prudential Financial Inc. bought a new stake in Pegasystems during the second quarter worth approximately $274,000. 44.79% of the stock is owned by institutional investors and hedge funds.
Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.
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