Pegasystems Inc. (PEGA) Given Average Rating of “Hold” by Analysts
Shares of Pegasystems Inc. (NASDAQ:PEGA) have received a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $61.75.
PEGA has been the topic of several recent research reports. Zacks Investment Research lowered shares of Pegasystems from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. TheStreet lowered shares of Pegasystems from a “b-” rating to a “c” rating in a report on Wednesday, November 22nd. Finally, BidaskClub upgraded shares of Pegasystems from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 3rd.
In other news, CAO Efstathios A. Kouninis sold 728 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $49.73, for a total value of $36,203.44. Following the completion of the sale, the chief accounting officer now owns 1,012 shares of the company’s stock, valued at approximately $50,326.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kenneth Stillwell sold 3,978 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $57.83, for a total transaction of $230,047.74. Following the completion of the sale, the chief financial officer now directly owns 5,094 shares of the company’s stock, valued at approximately $294,586.02. The disclosure for this sale can be found here. Insiders sold a total of 16,406 shares of company stock worth $845,950 in the last quarter. 53.61% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC bought a new stake in shares of Pegasystems in the 2nd quarter worth about $410,000. Koch Industries Inc. bought a new stake in shares of Pegasystems during the 2nd quarter valued at about $646,000. Sumitomo Mitsui Asset Management Company LTD grew its position in shares of Pegasystems by 19.2% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 676,590 shares of the technology company’s stock valued at $39,005,000 after buying an additional 108,795 shares during the last quarter. Amalgamated Bank bought a new stake in shares of Pegasystems during the 2nd quarter valued at about $274,000. Finally, TCW Group Inc. bought a new stake in shares of Pegasystems during the 3rd quarter valued at about $6,146,000. 45.77% of the stock is owned by institutional investors.
Shares of Pegasystems (NASDAQ:PEGA) traded up $0.90 during midday trading on Friday, hitting $50.45. 706,400 shares of the stock traded hands, compared to its average volume of 363,167. Pegasystems has a one year low of $37.10 and a one year high of $64.85. The stock has a market cap of $3,920.00, a PE ratio of 85.51 and a beta of 1.25.
Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. Pegasystems had a net margin of 5.67% and a return on equity of 9.86%. The company had revenue of $179.80 million during the quarter, compared to analysts’ expectations of $200.15 million. During the same period in the previous year, the company earned $0.17 EPS. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. analysts predict that Pegasystems will post 0.26 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd were issued a $0.03 dividend. The ex-dividend date was Friday, December 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.24%. Pegasystems’s dividend payout ratio is currently 20.34%.
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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