Pegasystems Inc. (NASDAQ:PEGA) SVP Douglas I. Kra sold 1,189 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $57.82, for a total transaction of $68,747.98. Following the sale, the senior vice president now directly owns 25,668 shares of the company’s stock, valued at $1,484,123.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Pegasystems Inc. (NASDAQ PEGA) traded up $0.50 during trading on Friday, reaching $57.85. 276,493 shares of the company’s stock were exchanged, compared to its average volume of 270,114. Pegasystems Inc. has a 12-month low of $30.98 and a 12-month high of $64.85. The company has a market cap of $4,490.00, a P/E ratio of 100.61 and a beta of 1.35.
Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.04). Pegasystems had a net margin of 6.17% and a return on equity of 13.06%. The company had revenue of $197.98 million during the quarter, compared to the consensus estimate of $205.06 million. During the same period last year, the company earned $0.19 earnings per share. Pegasystems’s revenue for the quarter was up 4.8% on a year-over-year basis. equities research analysts anticipate that Pegasystems Inc. will post 0.5 earnings per share for the current year.
The business also recently declared a dividend, which was paid on Friday, October 6th. Shareholders of record on Monday, October 2nd were issued a $0.03 dividend. The ex-dividend date was Friday, September 29th. Pegasystems’s dividend payout ratio (DPR) is presently 18.75%.
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A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Pegasystems by 8.1% in the 2nd quarter. Vanguard Group Inc. now owns 3,007,693 shares of the technology company’s stock valued at $175,499,000 after purchasing an additional 225,809 shares during the period. BlackRock Inc. boosted its holdings in Pegasystems by 68,220.8% in the 1st quarter. BlackRock Inc. now owns 2,292,845 shares of the technology company’s stock valued at $100,541,000 after purchasing an additional 2,289,489 shares during the period. Contour Asset Management LLC boosted its holdings in Pegasystems by 39.7% in the 2nd quarter. Contour Asset Management LLC now owns 1,777,848 shares of the technology company’s stock valued at $103,737,000 after purchasing an additional 504,955 shares during the period. Whale Rock Capital Management LLC boosted its holdings in Pegasystems by 4.2% in the 2nd quarter. Whale Rock Capital Management LLC now owns 1,031,758 shares of the technology company’s stock valued at $60,203,000 after purchasing an additional 41,824 shares during the period. Finally, Eagle Asset Management Inc. boosted its holdings in Pegasystems by 1,002.7% in the 2nd quarter. Eagle Asset Management Inc. now owns 751,993 shares of the technology company’s stock valued at $43,878,000 after purchasing an additional 683,797 shares during the period. 44.45% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently issued reports on PEGA shares. BidaskClub downgraded shares of Pegasystems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised shares of Pegasystems from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Wednesday, July 19th. Finally, Mitsubishi UFJ Financial Group set a $57.00 price objective on shares of Pegasystems and gave the stock a “buy” rating in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $63.00.
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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