Pegasystems Inc. (NASDAQ:PEGA – Get Free Report) insider Leon Trefler sold 810 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $52.40, for a total value of $42,444.00. Following the completion of the sale, the insider now owns 24,402 shares of the company’s stock, valued at $1,278,664.80. The transaction was disclosed in a filing with the SEC, which is available through this link.

Pegasystems Trading Up 1.1 %

NASDAQ PEGA traded up $0.57 during trading on Tuesday, hitting $52.63. The stock had a trading volume of 527,808 shares, compared to its average volume of 306,186. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of -107.41 and a beta of 1.08. Pegasystems Inc. has a one year low of $32.62 and a one year high of $59.23. The stock has a 50 day simple moving average of $45.43 and a 200 day simple moving average of $47.67.

Pegasystems (NASDAQ:PEGA – Get Free Report) last announced its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.49. The business had revenue of $334.64 million during the quarter, compared to the consensus estimate of $296.61 million. Pegasystems had a negative net margin of 2.97% and a positive return on equity of 0.01%. Sell-side analysts predict that Pegasystems Inc. will post 0.46 earnings per share for the current year.

Pegasystems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Monday, October 2nd were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.23%. The ex-dividend date was Friday, September 29th. Pegasystems’s payout ratio is currently -24.49%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $62.00 price target on shares of Pegasystems in a research note on Tuesday, August 29th. DA Davidson dropped their price objective on shares of Pegasystems from $52.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, October 27th. Barclays increased their price target on shares of Pegasystems from $44.00 to $45.00 and gave the company an “underweight” rating in a report on Monday, October 30th. Citigroup lowered their price target on shares of Pegasystems from $70.00 to $57.00 and set a “buy” rating for the company in a report on Tuesday, October 24th. Finally, StockNews.com raised shares of Pegasystems from a “buy” rating to a “strong-buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Pegasystems has an average rating of “Moderate Buy” and an average target price of $52.90.

Read Our Latest Stock Report on Pegasystems

Institutional Trading of Pegasystems

Several institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System increased its position in shares of Pegasystems by 2.0% during the third quarter. Arizona State Retirement System now owns 11,810 shares of the technology company’s stock worth $513,000 after acquiring an additional 228 shares during the period. Treasurer of the State of North Carolina increased its position in shares of Pegasystems by 1.4% during the second quarter. Treasurer of the State of North Carolina now owns 18,319 shares of the technology company’s stock worth $903,000 after acquiring an additional 250 shares during the period. Capula Management Ltd increased its position in shares of Pegasystems by 4.2% during the first quarter. Capula Management Ltd now owns 9,140 shares of the technology company’s stock worth $443,000 after acquiring an additional 370 shares during the period. Prudential Financial Inc. increased its position in shares of Pegasystems by 11.1% during the first quarter. Prudential Financial Inc. now owns 3,869 shares of the technology company’s stock worth $312,000 after acquiring an additional 385 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in shares of Pegasystems by 1.9% during the third quarter. Public Employees Retirement System of Ohio now owns 21,614 shares of the technology company’s stock worth $695,000 after acquiring an additional 405 shares during the period. Institutional investors own 46.89% of the company’s stock.

Pegasystems Company Profile (Get Free Report)

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software applications 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 Platform, an intelligent automation software for clients’ processes and workflows; and Pega Infinity, a software platform that unifies customer engagement and digital process automation.

See Also

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Original: MarketBeat News Feed: Leon Trefler Sells 810 Shares of Pegasystems Inc. (NASDAQ:PEGA) Stock