Pegasystems Inc. (NASDAQ:PEGA) SVP Douglas I. Kra sold 819 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $29.31, for a total value of $24,004.89. Following the sale, the senior vice president now owns 37,369 shares in the company, valued at $1,095,285.39. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Pegasystems Inc. (NASDAQ:PEGA) traded up 0.96% on Wednesday, reaching $29.50. The company’s stock had a trading volume of 196,572 shares. Pegasystems Inc. has a 52-week low of $20.38 and a 52-week high of $30.23. The firm has a 50 day moving average of $27.34 and a 200 day moving average of $26.68. The company has a market cap of $2.25 billion, a PE ratio of 57.84 and a beta of 1.71.
Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. Pegasystems had a net margin of 5.44% and a return on equity of 16.25%. The company earned $189 million during the quarter, compared to the consensus estimate of $185.19 million. During the same period in the previous year, the business earned $0.14 earnings per share. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. Analysts predict that Pegasystems Inc. will post $0.91 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be given a $0.03 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.41%. Pegasystems’s payout ratio is 24.00%.
Several large investors have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas increased its stake in Pegasystems by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 5,330 shares of the company’s stock worth $144,000 after buying an additional 654 shares during the last quarter. Legal & General Group Plc increased its stake in Pegasystems by 9.2% in the first quarter. Legal & General Group Plc now owns 9,285 shares of the company’s stock worth $235,000 after buying an additional 782 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in Pegasystems during the second quarter worth $235,000. Algert Global LLC acquired a new stake in Pegasystems during the first quarter worth $244,000. Finally, Bank of Montreal Can acquired a new stake in Pegasystems during the second quarter worth $292,000. Institutional investors own 41.74% of the company’s stock.
PEGA has been the topic of a number of research analyst reports. Wedbush restated an “outperform” rating and set a $34.00 price target on shares of Pegasystems in a research report on Wednesday, June 8th. JMP Securities reiterated a “buy” rating on shares of Pegasystems in a research report on Wednesday, June 8th. Zacks Investment Research lowered Pegasystems from a “hold” rating to a “sell” rating in a research report on Saturday, August 6th. Finally, TheStreet lowered Pegasystems from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.67.
Pegasystems Company Profile
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 7 platform. Its software is designed to assist clients in building, deploying, and evolving enterprise applications.
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