1 week Ago By ABMN Staff
Pegasystems Inc. ( NASDAQ:PEGA – Get Free Report ) insider Leon Trefler sold 752 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $93.
83, for a total transaction of $70,560.16. Following the completion of the transaction, the insider now directly owns 37,973 shares of the company’s stock, valued at approximately $3,563,006.
59. This trade represents a 1.94 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the SEC, which can be accessed through this link . Leon Trefler also recently made the following trade(s): Pegasystems Stock Performance Pegasystems stock opened at $94.50 on Friday.
Pegasystems Inc. has a 1 year low of $44.07 and a 1 year high of $97.
94. The firm has a 50 day moving average price of $91.18 and a 200 day moving average price of $75.
12. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 68.
98 and a beta of 1.09. Pegasystems Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th.
Stockholders of record on Thursday, January 2nd will be issued a $0.03 dividend. The ex-dividend date is Thursday, January 2nd.
This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.13%.
Pegasystems’s dividend payout ratio (DPR) is 8.76%. Institutional Trading of Pegasystems A number of institutional investors have recently modified their holdings of the company.
Raymond James & Associates purchased a new stake in Pegasystems during the second quarter worth approximately $1,598,000. Allspring Global Investments Holdings LLC boosted its position in Pegasystems by 4.4% during the 2nd quarter.
Allspring Global Investments Holdings LLC now owns 12,058 shares of the technology company’s stock worth $730,000 after purchasing an additional 505 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Pegasystems by 4.0% in the 2nd quarter.
Zurcher Kantonalbank Zurich Cantonalbank now owns 12,187 shares of the technology company’s stock valued at $738,000 after purchasing an additional 470 shares in the last quarter. Rhumbline Advisers raised its position in Pegasystems by 2.1% in the second quarter.
Rhumbline Advisers now owns 52,022 shares of the technology company’s stock valued at $3,149,000 after purchasing an additional 1,087 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Pegasystems by 82.
0% during the second quarter. Victory Capital Management Inc. now owns 59,841 shares of the technology company’s stock worth $3,622,000 after purchasing an additional 26,959 shares in the last quarter.
Hedge funds and other institutional investors own 46.89% of the company’s stock. Analysts Set New Price Targets Several research analysts have recently issued reports on PEGA shares.
Royal Bank of Canada lifted their price target on Pegasystems from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday.
Barclays upped their price target on shares of Pegasystems from $74.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th.
Wedbush raised their price objective on shares of Pegasystems from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th.
Citigroup increased their target price on Pegasystems from $99.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, December 18th.
Finally, StockNews.com raised Pegasystems from a “hold” rating to a “buy” rating in a report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock.
Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $91.50.
View Our Latest Stock Report on Pegasystems About Pegasystems ( Get Free Report ) Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software 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 Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients’ processes and workflows. Read More Receive News & Ratings for Pegasystems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pegasystems and related companies with MarketBeat.
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