Shares of Pegasystems Inc. (NASDAQ:PEGA) have been assigned a consensus rating of “Buy” from the eight research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $71.25.

Several equities analysts have recently commented on PEGA shares. Zacks Investment Research lowered Pegasystems from a “hold” rating to a “sell” rating in a research report on Thursday, May 17th. TheStreet lowered Pegasystems from a “b” rating to a “c+” rating in a research report on Thursday, May 24th. Wedbush reiterated an “outperform” rating and set a $76.00 price objective on shares of Pegasystems in a research report on Tuesday, June 5th. ValuEngine lowered Pegasystems from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. Finally, BidaskClub lowered Pegasystems from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th.

NASDAQ PEGA traded up $0.40 during trading on Friday, reaching $63.65. The company’s stock had a trading volume of 218,698 shares, compared to its average volume of 352,744. The firm has a market capitalization of $5.01 billion, a P/E ratio of 289.32, a P/E/G ratio of 47.74 and a beta of 1.08. Pegasystems has a one year low of $45.40 and a one year high of $67.95.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings data on Wednesday, August 8th. The technology company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.35). The firm had revenue of $196.78 million for the quarter, compared to the consensus estimate of $217.24 million. Pegasystems had a negative net margin of 0.43% and a positive return on equity of 0.01%. Pegasystems’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.05 earnings per share. sell-side analysts expect that Pegasystems will post 0.17 EPS for the current fiscal year.

In related news, CFO Kenneth Stillwell sold 1,949 shares of the stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $54.44, for a total transaction of $106,103.56. Following the completion of the sale, the chief financial officer now directly owns 13,749 shares in the company, valued at approximately $748,495.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Larry Weber sold 750 shares of the stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $62.15, for a total value of $46,612.50. Following the sale, the director now owns 2,770 shares of the company’s stock, valued at $172,155.50. The disclosure for this sale can be found here. Insiders have sold a total of 22,447 shares of company stock valued at $1,385,641 over the last 90 days. 52.85% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of PEGA. Wells Fargo & Company MN boosted its holdings in Pegasystems by 10.2% during the 1st quarter. Wells Fargo & Company MN now owns 102,369 shares of the technology company’s stock valued at $6,209,000 after acquiring an additional 9,480 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Pegasystems during the 1st quarter valued at about $1,435,000. SG Americas Securities LLC boosted its holdings in Pegasystems by 29.0% during the 1st quarter. SG Americas Securities LLC now owns 7,471 shares of the technology company’s stock valued at $453,000 after acquiring an additional 1,679 shares during the period. Mackay Shields LLC purchased a new stake in Pegasystems during the 1st quarter valued at about $813,000. Finally, Trexquant Investment LP boosted its holdings in Pegasystems by 27.5% during the 1st quarter. Trexquant Investment LP now owns 18,930 shares of the technology company’s stock valued at $1,148,000 after acquiring an additional 4,085 shares during the period. Institutional investors own 45.43% of the company’s stock.

Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses, and supports software applications for marketing, sales automation, customer service, and operations in the United States and internationally. It provides Pega Platform, an application development product for clients to build and extend their own applications.

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