Pegasystems Inc. (NASDAQ:PEGA) has been given an average recommendation of “Buy” by the seven research firms that are presently covering the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $46.67.
PEGA has been the subject of several recent research reports. Mitsubishi UFJ Financial Group reaffirmed an “overweight” rating and issued a $42.00 price target on shares of Pegasystems in a report on Friday, December 23rd. Benchmark Co. reaffirmed a “hold” rating and issued a $34.00 price target on shares of Pegasystems in a report on Friday, December 30th. Wedbush increased their price target on Pegasystems from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, January 26th. Sidoti cut Pegasystems from a “buy” rating to a “neutral” rating in a report on Tuesday, January 31st. Finally, TheStreet raised Pegasystems from a “c+” rating to a “b” rating in a research note on Friday, February 24th.
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In related news, SVP Douglas I. Kra sold 18,395 shares of Pegasystems stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $42.95, for a total value of $790,065.25. Following the completion of the transaction, the senior vice president now directly owns 24,209 shares in the company, valued at $1,039,776.55. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Michael R. Pyle sold 1,860 shares of Pegasystems stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $43.16, for a total value of $80,277.60. Following the completion of the transaction, the vice president now owns 28,554 shares of the company’s stock, valued at $1,232,390.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,417 shares of company stock valued at $1,440,428. Company insiders own 53.44% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PEGA. Bank of Montreal Can increased its stake in shares of Pegasystems by 31.4% in the first quarter. Bank of Montreal Can now owns 4,723 shares of the technology company’s stock worth $208,000 after buying an additional 1,129 shares during the period. Suntrust Banks Inc. acquired a new stake in shares of Pegasystems during the third quarter worth about $222,000. USA Financial Portformulas Corp acquired a new stake in shares of Pegasystems during the fourth quarter worth about $317,000. Stanley Laman Group Ltd. increased its stake in shares of Pegasystems by 3.6% in the third quarter. Stanley Laman Group Ltd. now owns 11,611 shares of the technology company’s stock worth $342,000 after buying an additional 405 shares during the period. Finally, UMB Bank N A MO acquired a new stake in shares of Pegasystems during the third quarter worth about $363,000. Hedge funds and other institutional investors own 42.93% of the company’s stock.
Shares of Pegasystems (NASDAQ:PEGA) traded down 1.10% during midday trading on Wednesday, hitting $44.85. The stock had a trading volume of 66,923 shares. Pegasystems has a 12 month low of $24.44 and a 12 month high of $45.50. The stock’s 50 day moving average price is $43.49 and its 200 day moving average price is $37.59. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 131.91 and a beta of 1.63.
Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Thursday, February 23rd. The technology company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.37 by $0.17. Pegasystems had a net margin of 4.77% and a return on equity of 15.13%. The company earned $199.61 million during the quarter, compared to analyst estimates of $231.61 million. During the same period in the prior year, the business posted $0.37 EPS. Pegasystems’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, equities analysts forecast that Pegasystems will post $1.00 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Monday, April 3rd were given a dividend of $0.03 per share. The ex-dividend date was Thursday, March 30th. This represents a $0.12 annualized dividend and a dividend yield of 0.26%. Pegasystems’s dividend payout ratio is currently 26.67%.
Pegasystems Company Profile
Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.
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