Leon Trefler Sells 752 Shares of Pegasystems Inc. (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) insider Leon Trefler sold 752 shares of Pegasystems stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $60.21, for a total value of $45,277.92. Following the completion of the sale, the insider now directly owns 39,164 shares in the company, valued at approximately $2,358,064.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Leon Trefler also recently made the following trade(s):

• On Tuesday, April 30th, Leon Trefler sold 752 shares of Pegasystems stock. The shares were sold at an average price of $60.34, for a total transaction of $45,375.68.

Pegasystems Stock Down 0.5 %

PEGA stock opened at $58.44 on Friday. Pegasystems Inc. has a twelve month low of $37.66 and a twelve month high of $69.26. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 71.27 and a beta of 1.08. The business’s fifty day simple moving average is $59.62 and its two-hundred day simple moving average is $57.45.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Pegasystems had a return on equity of 45.00% and a net margin of 5.32%. The company had revenue of $330.15 million during the quarter, compared to the consensus estimate of $339.70 million. Research analysts expect that Pegasystems Inc. will post 1.5 EPS for the current year.

Pegasystems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be paid a $0.03 dividend. The ex-dividend date is Monday, July 1st. This represents a $0.12 annualized dividend and a yield of 0.21%. Pegasystems’s dividend payout ratio (DPR) is currently 14.63%.

Wall Street Analysts Forecast Growth

PEGA has been the subject of a number of analyst reports. Barclays increased their price target on shares of Pegasystems from $66.00 to $69.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Wedbush reiterated an “outperform” rating and issued a $90.00 target price on shares of Pegasystems in a report on Wednesday, June 12th. Citigroup cut their target price on Pegasystems from $87.00 to $82.00 and set a “buy” rating on the stock in a research report on Wednesday, June 26th. Royal Bank of Canada restated an “outperform” rating and issued a $77.00 price target on shares of Pegasystems in a research report on Tuesday, June 11th. Finally, JMP Securities reiterated a “market perform” rating on shares of Pegasystems in a research report on Wednesday, June 12th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Pegasystems currently has a consensus rating of “Moderate Buy” and an average target price of $73.50.

Institutional Investors Weigh In On Pegasystems

A number of institutional investors and hedge funds have recently bought and sold shares of PEGA. Quadrant Capital Group LLC increased its stake in shares of Pegasystems by 80.1% during the fourth quarter. Quadrant Capital Group LLC now owns 508 shares of the technology company’s stock valued at $25,000 after buying an additional 226 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of Pegasystems by 219.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock worth $26,000 after purchasing an additional 364 shares during the period. Headlands Technologies LLC purchased a new position in Pegasystems during the fourth quarter valued at approximately $26,000. Harvest Fund Management Co. Ltd bought a new position in Pegasystems in the fourth quarter worth approximately $44,000. Finally, Covestor Ltd lifted its holdings in Pegasystems by 633.9% during the first quarter. Covestor Ltd now owns 1,233 shares of the technology company’s stock worth $80,000 after buying an additional 1,065 shares during the period. 46.89% of the stock is owned by institutional investors.

About Pegasystems

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients' processes and workflows.