Pegasystems Inc. (PEGA) Director Richard H. Jones Sells 900 Shares

Pegasystems Inc. (NASDAQ:PEGA) Director Richard H. Jones sold 900 shares of the firm’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $28.60, for a total value of $25,740.00. Following the completion of the sale, the director now directly owns 614,460 shares in the company, valued at approximately $17,573,556. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Pegasystems Inc. (NASDAQ:PEGA) opened at 29.27 on Friday. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 57.39 and a beta of 1.88. Pegasystems Inc. has a 12 month low of $20.38 and a 12 month high of $30.23. The stock’s 50 day moving average price is $26.47 and its 200 day moving average price is $26.42.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.04. Pegasystems had a return on equity of 16.25% and a net margin of 5.44%. The company earned $189 million during the quarter, compared to analyst estimates of $185.19 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. Pegasystems’s revenue was up 16.7% compared to the same quarter last year. Equities research analysts anticipate that Pegasystems Inc. will post $0.91 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Thursday, September 29th. Pegasystems’s payout ratio is currently 24.00%.

Several hedge funds have recently modified their holdings of PEGA. Ranger Investment Management L.P. purchased a new stake in shares of Pegasystems during the second quarter valued at approximately $21,009,000. Norges Bank bought a new stake in Pegasystems during the fourth quarter valued at about $11,989,000. Monarch Partners Asset Management LLC bought a new stake in Pegasystems during the second quarter valued at about $10,549,000. Polar Capital LLP bought a new stake in Pegasystems during the second quarter valued at about $10,462,000. Finally, FMR LLC raised its stake in Pegasystems by 18.1% in the second quarter. FMR LLC now owns 1,518,245 shares of the company’s stock valued at $40,917,000 after buying an additional 232,745 shares in the last quarter. 41.74% of the stock is owned by institutional investors.

Several analysts have weighed in on the company. Wedbush reaffirmed an “outperform” rating and issued a $32.00 price target on shares of Pegasystems in a report on Tuesday. Zacks Investment Research raised Pegasystems from a “sell” rating to a “hold” rating in a report on Tuesday, August 30th. TheStreet cut Pegasystems from a “buy” rating to a “hold” rating in a report on Friday, August 26th. Finally, JMP Securities reaffirmed a “buy” rating on shares of Pegasystems in a report on Wednesday, June 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Pegasystems currently has an average rating of “Hold” and a consensus target price 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.

5 Day Chart for NASDAQ:PEGA

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