Pegasystems Inc. (NASDAQ:PEGA – Get Free Report) insider Leon Trefler sold 752 shares of the stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $93.83, for a total transaction of $70,560.16. Following the sale, the insider now owns 37,973 shares of the company’s stock, valued at $3,563,006.59. This trade represents a 1.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Leon Trefler also recently made the following trade(s):
- On Monday, December 2nd, Leon Trefler sold 752 shares of Pegasystems stock. The shares were sold at an average price of $94.60, for a total value of $71,139.20.
- On Friday, November 1st, Leon Trefler sold 8,288 shares of Pegasystems stock. The shares were sold at an average price of $81.23, for a total value of $673,234.24.
Pegasystems Trading Up 1.6 %
Shares of NASDAQ PEGA opened at $94.50 on Monday. The company’s 50-day moving average price is $91.18 and its 200 day moving average price is $75.25. Pegasystems Inc. has a 52 week low of $44.07 and a 52 week high of $97.94. The stock has a market cap of $8.10 billion, a price-to-earnings ratio of 68.98 and a beta of 1.09.
Pegasystems Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be given a $0.03 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $0.12 annualized dividend and a dividend yield of 0.13%. Pegasystems’s dividend payout ratio is currently 8.76%.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on PEGA shares. Rosenblatt Securities lifted their price objective on shares of Pegasystems from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Barclays boosted their price target on shares of Pegasystems from $74.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Royal Bank of Canada raised their price objective on shares of Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday. Citigroup increased their target price on Pegasystems from $99.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, StockNews.com upgraded Pegasystems from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $91.50.
View Our Latest Analysis on Pegasystems
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new stake in shares of Pegasystems during the second quarter worth about $67,968,000. Geode Capital Management LLC grew its stake in Pegasystems by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 819,282 shares of the technology company’s stock worth $59,895,000 after acquiring an additional 25,901 shares during the period. Luxor Capital Group LP raised its holdings in Pegasystems by 7.9% in the 2nd quarter. Luxor Capital Group LP now owns 683,939 shares of the technology company’s stock valued at $41,399,000 after acquiring an additional 49,861 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Pegasystems by 104.5% during the 2nd quarter. AQR Capital Management LLC now owns 554,777 shares of the technology company’s stock worth $33,381,000 after purchasing an additional 283,508 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in shares of Pegasystems by 6.9% during the second quarter. Acadian Asset Management LLC now owns 533,948 shares of the technology company’s stock worth $32,304,000 after purchasing an additional 34,416 shares during the last quarter. Institutional investors and hedge funds own 46.89% of the company’s stock.
Pegasystems Company Profile
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.
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