Pegasystems Inc. (NASDAQ:PEGA) has earned an average rating of “Buy” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $98.57.
PEGA has been the topic of several recent analyst reports. KeyCorp boosted their target price on Pegasystems from $106.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday. Wedbush boosted their target price on Pegasystems from $99.00 to $116.00 and gave the stock an “outperform” rating in a report on Friday. Rosenblatt Securities initiated coverage on Pegasystems in a report on Tuesday, January 21st. They set a “buy” rating and a $120.00 target price on the stock. DA Davidson reissued a “buy” rating and set a $105.00 target price on shares of Pegasystems in a report on Thursday. Finally, ValuEngine cut Pegasystems from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd.
In other Pegasystems news, Director Richard H. Jones sold 14,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $80.09, for a total value of $1,121,260.00. Following the transaction, the director now owns 299,544 shares of the company’s stock, valued at $23,990,478.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Efstathios A. Kouninis sold 438 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $78.00, for a total value of $34,164.00. Following the completion of the transaction, the chief accounting officer now directly owns 465 shares in the company, valued at approximately $36,270. The disclosure for this sale can be found here. Insiders sold 35,038 shares of company stock worth $2,746,849 in the last ninety days. 52.37% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Luxor Capital Group LP increased its holdings in shares of Pegasystems by 24.2% in the third quarter. Luxor Capital Group LP now owns 3,283,315 shares of the technology company’s stock valued at $223,430,000 after buying an additional 640,640 shares in the last quarter. TPG Group Holdings SBS Advisors Inc. grew its position in Pegasystems by 23.7% during the 3rd quarter. TPG Group Holdings SBS Advisors Inc. now owns 2,065,711 shares of the technology company’s stock worth $140,572,000 after purchasing an additional 395,247 shares in the last quarter. Riverbridge Partners LLC grew its position in Pegasystems by 17.6% during the 3rd quarter. Riverbridge Partners LLC now owns 1,252,630 shares of the technology company’s stock worth $85,241,000 after purchasing an additional 187,081 shares in the last quarter. Carillon Tower Advisers Inc. grew its position in Pegasystems by 8.6% during the 3rd quarter. Carillon Tower Advisers Inc. now owns 1,157,444 shares of the technology company’s stock worth $78,764,000 after purchasing an additional 91,613 shares in the last quarter. Finally, State Street Corp grew its position in Pegasystems by 0.7% during the 4th quarter. State Street Corp now owns 524,281 shares of the technology company’s stock worth $41,775,000 after purchasing an additional 3,742 shares in the last quarter. 45.56% of the stock is currently owned by institutional investors.
NASDAQ:PEGA traded up $1.21 during midday trading on Friday, hitting $98.88. 781,308 shares of the stock were exchanged, compared to its average volume of 295,250. Pegasystems has a one year low of $56.75 and a one year high of $99.36. The company has a market capitalization of $7.06 billion, a price-to-earnings ratio of -103.00 and a beta of 1.18. The business has a 50-day moving average price of $85.51 and a two-hundred day moving average price of $76.58. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.11.
Pegasystems (NASDAQ:PEGA) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.18). Pegasystems had a negative return on equity of 14.16% and a negative net margin of 8.41%. The firm had revenue of $276.54 million for the quarter, compared to the consensus estimate of $290.22 million. During the same period in the previous year, the firm earned $0.32 EPS. Pegasystems’s revenue for the quarter was up 7.9% on a year-over-year basis. Sell-side analysts forecast that Pegasystems will post -0.92 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were issued a $0.03 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.12 annualized dividend and a dividend yield of 0.12%.
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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