Pegasystems Inc. (PEGA) Given Average Rating of “Hold” by Analysts
Shares of Pegasystems Inc. (NASDAQ:PEGA) have received an average rating of “Hold” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $61.75.
PEGA has been the subject of several recent analyst reports. BidaskClub raised shares of Pegasystems from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 16th. Zacks Investment Research raised shares of Pegasystems from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Wednesday, July 19th. Finally, Mitsubishi UFJ Financial Group set a $57.00 price objective on shares of Pegasystems and gave the company a “buy” rating in a research note on Thursday, August 10th.
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In other Pegasystems news, VP Efstathios A. Kouninis sold 448 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $56.51, for a total value of $25,316.48. Following the transaction, the vice president now owns 585 shares in the company, valued at approximately $33,058.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kenneth Stillwell sold 1,228 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $57.97, for a total transaction of $71,187.16. The disclosure for this sale can be found here. Insiders have sold a total of 18,395 shares of company stock worth $1,039,104 in the last 90 days. Company insiders own 53.61% of the company’s stock.
A number of hedge funds have recently modified their holdings of PEGA. Daiwa Securities Group Inc. acquired a new stake in shares of Pegasystems in the 2nd quarter valued at about $105,000. Sei Investments Co. raised its stake in shares of Pegasystems by 4,892.9% in the 2nd quarter. Sei Investments Co. now owns 2,097 shares of the technology company’s stock valued at $122,000 after purchasing an additional 2,055 shares in the last quarter. Janus Capital Management LLC acquired a new stake in shares of Pegasystems in the 1st quarter valued at about $239,000. Citigroup Inc. raised its stake in shares of Pegasystems by 666.5% in the 2nd quarter. Citigroup Inc. now owns 4,116 shares of the technology company’s stock valued at $240,000 after purchasing an additional 3,579 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new stake in shares of Pegasystems in the 2nd quarter valued at about $274,000. Hedge funds and other institutional investors own 44.45% of the company’s stock.
Pegasystems (PEGA) traded up $0.50 during mid-day trading on Friday, reaching $57.85. 254,813 shares of the company’s stock traded hands, compared to its average volume of 251,618. The stock has a market cap of $4,462.66, a PE ratio of 101.49 and a beta of 1.35. Pegasystems has a 12-month low of $30.98 and a 12-month high of $64.85.
Pegasystems (NASDAQ:PEGA) last released its earnings results on Wednesday, August 9th. The technology company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.04). The firm had revenue of $197.98 million during the quarter, compared to analysts’ expectations of $205.06 million. Pegasystems had a return on equity of 13.06% and a net margin of 6.17%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 earnings per share. analysts predict that Pegasystems will post 0.5 EPS for the current year.
The firm also recently announced a dividend, which was paid on Friday, October 6th. Investors of record on Monday, October 2nd were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, September 29th. Pegasystems’s payout ratio is 19.67%.
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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