Insider Selling: Pegasystems Inc. (NASDAQ:PEGA) VP Sells 3,000 Shares of Stock

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 equities analysts have weighed in on PEGA shares. BidaskClub raised Pegasystems from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 27th. Zacks Investment Research raised Pegasystems from a “strong sell” rating to a “hold” rating and set a $67.00 price objective for the company in a research report on Tuesday, February 19th. UBS Group boosted their price objective on Pegasystems to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 7th. Wedbush reissued an “outperform” rating and set a $66.86 price objective on shares of Pegasystems in a research report on Wednesday, April 10th. Finally, JMP Securities boosted their price objective on Pegasystems from $72.00 to $81.00 and gave the stock a “market outperform” rating in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $79.20.

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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About Pegasystems

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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Insider Buying and Selling by Quarter for Pegasystems (NASDAQ:PEGA)

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