Pegasystems Inc. (NASDAQ:PEGA) VP Michael R. Pyle sold 3,000 shares of Pegasystems stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $71.59, for a total value of $214,770.00. Following the completion of the transaction, the vice president now directly owns 19,338 shares of the company’s stock, valued at $1,384,407.42. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Pegasystems stock opened at $71.19 on Friday. Pegasystems Inc. has a one year low of $43.21 and a one year high of $76.49. The company has a quick ratio of 1.86, a current ratio of 1.86 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) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.24). Pegasystems had a negative return on equity of 4.85% and a negative net margin of 3.49%. The company had revenue of $212.50 million for the quarter, compared to analyst estimates of $237.63 million. During the same period in the prior year, the firm posted $0.24 earnings per share. The business’s quarterly revenue was down 9.7% compared to the same quarter last year. As a group, research analysts forecast that Pegasystems Inc. will post -0.7 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Quantamental Technologies LLC boosted 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 purchasing an additional 347 shares in the last quarter. Parallel Advisors LLC boosted 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 purchasing an additional 250 shares in the last quarter. Tyers Asset Management LLC acquired a new position in Pegasystems in the first quarter valued at approximately $53,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Pegasystems by 21.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 841 shares of the technology company’s stock valued at $55,000 after purchasing an additional 151 shares in the last quarter. Finally, Lloyds Banking Group plc acquired a new position in Pegasystems in the fourth quarter valued at approximately $65,000. 46.29% of the stock is owned by institutional investors and hedge funds.
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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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