Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios A. Kouninis sold 500 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $70.00, for a total transaction of $35,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Efstathios A. Kouninis also recently made the following trade(s):
- On Wednesday, March 13th, Efstathios A. Kouninis sold 500 shares of Pegasystems stock. The stock was sold at an average price of $65.50, for a total transaction of $32,750.00.
Shares of NASDAQ PEGA opened at $67.80 on Tuesday. Pegasystems Inc. has a fifty-two week low of $43.21 and a fifty-two week high of $76.49. The company has a current ratio of 1.86, a quick ratio of 1.84 and a debt-to-equity ratio of 0.08.
Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported ($0.31) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.24). Pegasystems had a negative net margin of 3.49% and a negative return on equity of 4.85%. The business had revenue of $212.50 million during the quarter, compared to analyst estimates of $237.63 million. During the same quarter in the prior year, the company earned $0.24 earnings per share. The company’s quarterly revenue was down 9.7% on a year-over-year basis. On average, sell-side analysts predict that Pegasystems Inc. will post -0.28 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, March 29th. This represents a $0.12 annualized dividend and a yield of 0.18%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantamental Technologies LLC lifted its holdings in Pegasystems by 542.2% in the first quarter. Quantamental Technologies LLC now owns 411 shares of the technology company’s stock valued at $27,000 after buying an additional 347 shares during the period. Parallel Advisors LLC lifted its holdings in Pegasystems by 46.1% in the fourth quarter. Parallel Advisors LLC now owns 792 shares of the technology company’s stock valued at $37,000 after buying an additional 250 shares during the period. Tyers Asset Management LLC acquired a new position in Pegasystems in the first quarter valued at approximately $53,000. Lloyds Banking Group plc acquired a new position in Pegasystems in the fourth quarter valued at approximately $65,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Pegasystems by 22.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,725 shares of the technology company’s stock valued at $130,000 after buying an additional 495 shares during the period. Institutional investors and hedge funds own 47.86% of the company’s stock.
A number of equities analysts have recently issued reports on PEGA shares. BidaskClub upgraded shares of Pegasystems from a “hold” rating to a “buy” rating in a research report on Wednesday, January 30th. Zacks Investment Research upgraded shares of Pegasystems from a “strong sell” rating to a “hold” rating and set a $67.00 target price on the stock in a research report on Tuesday, February 19th. Wedbush reiterated an “outperform” rating and set a $84.00 target price (up from $80.00) on shares of Pegasystems in a research report on Wednesday, February 27th. TheStreet upgraded shares of Pegasystems from a “c” rating to a “b-” rating in a research report on Friday, March 22nd. Finally, UBS Group upped their target price on shares of Pegasystems to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 7th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $79.20.
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Pegasystems Company Profile
Pegasystems Inc develops, markets, licenses, and supports enterprise software applications in the United States, India, and internationally. It provides Pega Platform, an application development product for clients; and Pega Infinity, a software platform that unifies customer engagement and digital process automation.
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