Published On: Sat, Sep 17th, 2016

Insider Selling: Pegasystems Inc. (PEGA) Director Sells 1,800 Shares of Stock

Pegasystems Inc. (NASDAQ:PEGA) Director Richard H. Jones sold 1,800 shares of Pegasystems stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $27.44, for a total transaction of $49,392.00. Following the completion of the transaction, the director now owns 619,993 shares of the company’s stock, valued at approximately $17,012,607.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Pegasystems Inc. (NASDAQ:PEGA) opened at 27.99 on Friday. The stock has a 50 day moving average of $26.26 and a 200-day moving average of $26.30. Pegasystems Inc. has a 52-week low of $20.38 and a 52-week high of $30.23. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 54.88 and a beta of 1.88.
Pegasystems (NASDAQ:PEGA) last posted its earnings results on Wednesday, August 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.04. The business had revenue of $189 million for the quarter, compared to analysts’ expectations of $185.19 million. Pegasystems had a net margin of 5.44% and a return on equity of 16.25%. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 EPS. On average, equities research analysts anticipate that Pegasystems Inc. will post $0.91 earnings per share for the current fiscal year.

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The business also recently announced 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. This represents a $0.12 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Thursday, September 29th. Pegasystems’s dividend payout ratio is currently 24.00%.
Several equities analysts have recently weighed in on PEGA shares. Wedbush reiterated an “outperform” rating and issued a $34.00 target price on shares of Pegasystems in a research note on Wednesday, June 8th. JMP Securities restated a “buy” rating on shares of Pegasystems in a research report on Wednesday, June 8th. Zacks Investment Research lowered shares of Pegasystems from a “hold” rating to a “sell” rating in a research report on Saturday, August 6th. Finally, TheStreet lowered shares of 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 stock. The stock has an average rating of “Hold” and a consensus target price of $30.67.
Institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas boosted its position in Pegasystems by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 5,330 shares of the company’s stock valued at $144,000 after buying an additional 654 shares in the last quarter. UBS Group AG boosted its position in Pegasystems by 20.1% in the first quarter. UBS Group AG now owns 9,086 shares of the company’s stock valued at $230,000 after buying an additional 1,521 shares in the last quarter. Legal & General Group Plc boosted its position in Pegasystems by 9.2% in the first quarter. Legal & General Group Plc now owns 9,285 shares of the company’s stock valued at $235,000 after buying an additional 782 shares in the last quarter. Principal Financial Group Inc. bought a new position in Pegasystems during the second quarter valued at about $235,000. Finally, Algert Global LLC bought a new position in Pegasystems during the first quarter valued at about $244,000. Institutional investors and hedge funds own 42.23% 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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