News articles about Pegasystems (NASDAQ:PEGA) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pegasystems earned a daily sentiment score of 0.03 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 75 out of 100, indicating that recent news coverage is likely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Pega collaborates with AWS, extends cloud choice for customers (cio.economictimes.indiatimes.com)
- Insider Selling: Pegasystems Inc. (PEGA) VP Sells 220 Shares of Stock (americanbankingnews.com)
- Insider Selling: Pegasystems Inc. (PEGA) SVP Sells 13,787 Shares of Stock (americanbankingnews.com)
- ETFs with exposure to Pegasystems, Inc. : June 19, 2017 (finance.yahoo.com)
- Pegasystems, Inc. :PEGA-US: Earnings Analysis: Q1, 2017 By the Numbers : June 16, 2017 (finance.yahoo.com)
Pegasystems (PEGA) traded up 0.58% during midday trading on Friday, hitting $60.25. The stock had a trading volume of 69,428 shares. Pegasystems has a 52 week low of $24.71 and a 52 week high of $64.85. The company’s 50-day moving average price is $55.97 and its 200 day moving average price is $44.45. The company has a market capitalization of $4.65 billion, a PE ratio of 110.55 and a beta of 1.45.
Pegasystems (NASDAQ:PEGA) last released its quarterly earnings data on Wednesday, May 10th. The technology company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.16. Pegasystems had a return on equity of 14.77% and a net margin of 5.26%. The company had revenue of $223.20 million for the quarter, compared to the consensus estimate of $200.52 million. During the same quarter last year, the business posted $0.23 EPS. Pegasystems’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, analysts expect that Pegasystems will post $1.06 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Monday, July 3rd will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.20%. The ex-dividend date is Thursday, June 29th. Pegasystems’s dividend payout ratio (DPR) is 23.08%.
A number of research firms have commented on PEGA. JMP Securities reissued an “outperform” rating and issued a $63.00 price objective (up previously from $55.00) on shares of Pegasystems in a research note on Wednesday, June 7th. BidaskClub downgraded Pegasystems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Benchmark Co. restated a “buy” rating and set a $67.00 target price (up previously from $60.00) on shares of Pegasystems in a research report on Tuesday, June 6th. Wedbush restated an “outperform” rating and set a $60.00 target price (down previously from $67.00) on shares of Pegasystems in a research report on Tuesday, June 6th. Finally, Zacks Investment Research downgraded Pegasystems from a “hold” rating to a “sell” rating in a research report on Thursday, March 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $53.80.
In related news, VP Efstathios A. Kouninis sold 581 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $59.40, for a total transaction of $34,511.40. Following the completion of the transaction, the vice president now directly owns 843 shares of the company’s stock, valued at approximately $50,074.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard H. Jones sold 19,600 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $55.65, for a total value of $1,090,740.00. Following the transaction, the director now directly owns 569,769 shares of the company’s stock, valued at $31,707,644.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,583 shares of company stock worth $3,273,533. 53.61% of the stock is currently owned by company insiders.
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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