Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 830 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $49.92, for a total transaction of $41,433.60. Following the completion of the sale, the chief financial officer now directly owns 4,686 shares in the company, valued at $233,925.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Kenneth Stillwell also recently made the following trade(s):
- On Wednesday, November 1st, Kenneth Stillwell sold 3,978 shares of Pegasystems stock. The stock was sold at an average price of $57.83, for a total transaction of $230,047.74.
- On Monday, October 2nd, Kenneth Stillwell sold 1,228 shares of Pegasystems stock. The stock was sold at an average price of $57.97, for a total transaction of $71,187.16.
Pegasystems Inc. (PEGA) traded up $0.05 during midday trading on Thursday, hitting $49.15. 283,200 shares of the stock were exchanged, compared to its average volume of 331,623. Pegasystems Inc. has a 1 year low of $34.05 and a 1 year high of $64.85. The company has a market capitalization of $3,822.92, a P/E ratio of 114.19 and a beta of 1.24.
Pegasystems (NASDAQ:PEGA) last announced its earnings results on Wednesday, November 8th. The technology company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The company had revenue of $179.80 million during the quarter, compared to the consensus estimate of $200.15 million. Pegasystems had a net margin of 5.67% and a return on equity of 9.86%. Pegasystems’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the firm earned $0.17 earnings per share. analysts anticipate that Pegasystems Inc. will post 0.26 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. California Public Employees Retirement System increased its holdings in Pegasystems by 7.6% in the third quarter. California Public Employees Retirement System now owns 114,729 shares of the technology company’s stock valued at $6,614,000 after buying an additional 8,129 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Pegasystems by 20.5% in the third quarter. Allianz Asset Management GmbH now owns 694,965 shares of the technology company’s stock valued at $40,065,000 after buying an additional 118,445 shares in the last quarter. Nicholas Investment Partners LP purchased a new position in Pegasystems in the third quarter valued at $1,783,000. Mackenzie Financial Corp purchased a new position in Pegasystems in the third quarter valued at $1,415,000. Finally, Moody Aldrich Partners LLC increased its holdings in Pegasystems by 15.5% in the third quarter. Moody Aldrich Partners LLC now owns 21,602 shares of the technology company’s stock valued at $1,245,000 after buying an additional 2,892 shares in the last quarter. 46.90% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Pegasystems from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. TheStreet downgraded shares of Pegasystems from a “b-” rating to a “c” rating in a research note on Wednesday, November 22nd. Finally, Mitsubishi UFJ Financial Group set a $57.00 price objective on shares of Pegasystems and gave the company a “buy” rating in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $63.00.
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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 platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.
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