Here is the rundown on market activity for Pegasystems Inc. (NASDAQ:PEGA). Leon Trefler, Sr VP disclosed the sale of 9,060 shares of PEGA stock. The shares were sold on June 9th for an average price of $64.28. The Sr VP now owns $505,305 of the stock according to the SEC filing. Michael R. Pyle, Sr VP sold $91,517 worth of shares at an average price of $60.09 on Tue the 6th. Pyle now owns $1,571,354 of stock as recorded in a recent Form 4 SEC filing.
Sr VP Douglas I. Kra disclosed the sale of 1,516 shares. The shares were purchased at an average price of $58.39. Kra now owns $1,296,608 of the stock per the Form 4 SEC filing.
Pegasystems Inc., launched on April 21, 1983, develops, markets, licenses and supports software applications for marketing, sales, service and operations. The Business’s software is designed to assist clients in building, deploying and evolving enterprise applications. The Company also offers software applications built on the Pega platform. The Business’s applications and platform intersect with and encompass several traditional software markets, including Customer Relationship Management (CRM); Business Process Management (BPM); Business Rules Management Systems (BRMS); Dynamic Case Management (DCM); Decision Management, which includes Predictive and Adaptive analytics, and the Vertical Specific Software (VSS) market of industry solutions and packaged applications. The Company provides implementation, consulting, training, technical support and hosting services to facilitate the use of its software. The Company offers its services to financial, healthcare, insurance, communications and media, public sector, manufacturing, life sciences and other markets..
Here are a few additional firms who have increased or decreased their stake in (PEGA). Morgan Stanley bolstered its stake by buying 31 shares an increase of 5.6% as of 03/31/2017. Morgan Stanley controls 583 shares with a value of $26,000. The value of the position overall is up by 30.0%. As of the end of the quarter Cambridge Trust Co had disposed of 2,500 shares trimming its position 33.3%. The value of the total investment in Pegasystems Inc. went from $221,000 to $219,000 a change of $2,000 for the reporting period.
As of quarter end Tower Research Capital LLC (trc) had sold a total of 1,404 shares trimming its stake by 88.0%. The value of the investment in Pegasystems Inc. decreased from $57,000 to $8,000 decreasing 86.0% quarter to quarter. Goldman Sachs Group Inc downsized its position by shedding 19 shares a decrease of 0.1% in the quarter. Goldman Sachs Group Inc now holds 34,323 shares valued at $1,505,000. The total value of its holdings increased 21.8%.
On February 27, 2015 the stock rating was rated “Neutral” by Merriman which was a cut from the previous “Buy” rating. On August 6 the company was upgraded to “Buy” from “Neutral” by analysts at Merriman Capital.
On July 31 the stock rating was downgraded from “Buy” to “Neutral” and a price target of $0.00 was set in a report from Merriman Capital. On May 21 the stock rating was upgraded from “Neutral” to “Outperform” with a current price target of $27.00 in a statement from Wedbush.
Equity analyst Wedbush raised the price target and upgraded the stock on May 21 changing the price objective from $25.00 to $27.00 and moving the rating from “Neutral” to “Outperform”. On May 15, 2014 Merriman Capital started covering PEGA with an initial rating of “Buy” and setting a price target of $24.00.
The company is down since yesterday’s close of $63.65. Additionally the company declared a dividend for shareholders that was paid on Mon Apr 17, 2017. The dividend payment was $0.030 per share for the quarter or $0.12 on an annualized basis. This dividend represents a yeild of $0.20 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Thursday the 30th of March 2017.
Shares last traded at $61.25 slightly over the 50 day moving average of $52.68 and just a bit higher than the 200 day moving average of $42.99. The 50 day moving average was up $8.57 or +16.27% and the 200 day average moved up $18.26.
The P/E ratio is 112.39 and market cap is 4.72B. As of the last earnings report the EPS was $0.55 and is projected to be $1.06 for the current year with 77,142,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.23 with next year’s EPS anticipated to be $1.26.
Short traders are more bearish on Pegasystems Inc. lately if you take a look at the uptick in short interest. The firm had a rise in short interest of 2.16% as of the latest report on April 28, 2017. Short interest increased from 1,564,099 to 1,597,937 over that timeframe. Days to cover decreased from 9.4 to 2.4 and the percentage of shorted shares is 0.02% as of April 28.