Pegasystems (NASDAQ:PEGA) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, BidAskClub reports.

PEGA has been the topic of a number of other reports. JMP Securities lifted their price objective on shares of Pegasystems from $72.00 to $81.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 8th. Zacks Investment Research upgraded Pegasystems from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 10th. Benchmark reiterated a “buy” rating and set a $80.00 target price (up from $72.00) on shares of Pegasystems in a research note on Wednesday, May 8th. TheStreet cut Pegasystems from a “b-” rating to a “c” rating in a research note on Wednesday, May 22nd. Finally, Wedbush lifted their target price on Pegasystems from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $80.20.

PEGA opened at $70.37 on Tuesday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.10. The firm’s fifty day moving average price is $74.06 and its two-hundred day moving average price is $69.41. Pegasystems has a 1 year low of $43.21 and a 1 year high of $79.67.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported ($0.50) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.33) by ($0.17). The firm had revenue of $205.60 million for the quarter, compared to analysts’ expectations of $203.16 million. Pegasystems had a negative return on equity of 9.39% and a negative net margin of 5.95%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. Sell-side analysts predict that Pegasystems will post -0.77 EPS for the current fiscal year.

In other news, CFO Kenneth Stillwell sold 5,716 shares of Pegasystems stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.04, for a total transaction of $434,644.64. Following the sale, the chief financial officer now directly owns 10,233 shares in the company, valued at approximately $778,117.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard H. Jones sold 3,000 shares of Pegasystems stock in a transaction on Monday, August 12th. The stock was sold at an average price of $70.83, for a total value of $212,490.00. The disclosure for this sale can be found here. Insiders have sold a total of 35,757 shares of company stock worth $2,605,033 over the last quarter. Company insiders own 52.37% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Maplelane Capital LLC bought a new stake in Pegasystems in the second quarter valued at approximately $5,696,000. Zacks Investment Management bought a new stake in Pegasystems in the second quarter valued at approximately $2,967,000. Nuveen Asset Management LLC bought a new stake in Pegasystems in the second quarter valued at approximately $17,867,000. Point72 Hong Kong Ltd bought a new stake in Pegasystems in the second quarter valued at approximately $164,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Pegasystems in the second quarter valued at approximately $225,000. Institutional investors and hedge funds own 44.96% of the company’s stock.

About Pegasystems

Pegasystems Inc develops, markets, licenses, and supports enterprise software applications in the United States, India, and internationally. It provides Pega Platform, an application development product for clients; and Pega Infinity, a software platform that unifies customer engagement and digital process automation.

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