Pegasystems Inc. (NASDAQ:PEGA) Director William W. Wyman sold 16,700 shares of the stock in a transaction on Friday, September 16th. The shares were sold at an average price of $27.91, for a total transaction of $466,097.00. Following the completion of the sale, the director now owns 16,741 shares of the company’s stock, valued at approximately $467,241.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Pegasystems Inc. (NASDAQ:PEGA) opened at 29.49 on Friday. The stock’s 50 day moving average is $26.37 and its 200-day moving average is $26.39. The firm has a market cap of $2.25 billion, a PE ratio of 57.82 and a beta of 1.88. Pegasystems Inc. has a 1-year low of $20.38 and a 1-year high of $30.23.
Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.04. The business earned $189 million during the quarter, compared to analyst estimates of $185.19 million. Pegasystems had a net margin of 5.44% and a return on equity of 16.25%. Pegasystems’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 EPS. Analysts expect 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. Shareholders of record on Monday, October 3rd will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.41%. Pegasystems’s dividend payout ratio (DPR) is presently 24.00%.
A number of analysts have commented on PEGA shares. Wedbush reiterated an “outperform” rating and issued a $32.00 price target (down previously from $34.00) on shares of Pegasystems in a research note on Thursday, August 4th. JMP Securities restated a “buy” rating on shares of Pegasystems in a research note on Wednesday, June 8th. Zacks Investment Research upgraded shares of Pegasystems from a “sell” rating to a “hold” rating in a research note on Saturday, September 17th. Finally, TheStreet cut shares of Pegasystems from a “buy” rating to a “hold” rating in a research note 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’s stock. The company has a consensus rating of “Hold” and an average target price of $30.67.
Hedge funds have recently made changes to their positions in the stock. Teacher Retirement System of Texas raised its stake in shares of 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 period. UBS Group AG raised its stake in shares of Pegasystems by 20.1% in the first quarter. UBS Group AG now owns 9,086 shares of the company’s stock worth $230,000 after buying an additional 1,521 shares during the period. Legal & General Group Plc raised its stake in shares of 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 period. Principal Financial Group Inc. acquired a new stake in shares of Pegasystems during the second quarter worth approximately $235,000. Finally, Algert Global LLC acquired a new stake in shares of Pegasystems during the first quarter worth approximately $244,000. Institutional investors and hedge funds own 41.74% of the company’s stock.
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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