Pegasystems (PEGA) Earns Media Impact Rating of 0.09
Media coverage about Pegasystems (NASDAQ:PEGA) has trended somewhat positive on Monday, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pegasystems earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 46.0285045113207 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern’s scoring:
- Blackbaud: Unique SaaS Company With A Niche Value Proposition (seekingalpha.com)
- Pegasystems Offers Software Industry’s First “Cloud Choice Guarantee”Open deployment model delivers “as a Service … – Markets Insider (markets.businessinsider.com)
- Pegasystems Inc. (PEGA) CFO Kenneth Stillwell Sells 1,228 Shares (americanbankingnews.com)
- Pegasystems Inc. (PEGA) SVP Douglas I. Kra Sells 1,187 Shares (americanbankingnews.com)
- Should You Sell Pegasystems Inc (PEGA) At $57.65? (finance.yahoo.com)
Several brokerages have recently weighed in on PEGA. Mitsubishi UFJ Financial Group set a $57.00 target price on Pegasystems and gave the stock a “buy” rating in a report on Thursday, August 10th. BidaskClub cut Pegasystems from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Finally, Zacks Investment Research cut Pegasystems from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Pegasystems presently has an average rating of “Buy” and an average price target of $63.00.
Pegasystems (NASDAQ PEGA) opened at 59.65 on Monday. Pegasystems has a one year low of $28.43 and a one year high of $64.85. The stock’s 50 day moving average price is $56.87 and its 200 day moving average price is $54.63. The firm has a market capitalization of $4.63 billion, a PE ratio of 95.44 and a beta of 1.48.
Pegasystems (NASDAQ:PEGA) last announced its earnings results on Wednesday, August 9th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.04). Pegasystems had a return on equity of 13.06% and a net margin of 6.17%. The firm had revenue of $197.98 million for the quarter, compared to analyst estimates of $205.06 million. During the same quarter last year, the business posted $0.19 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. Analysts expect that Pegasystems will post $0.97 EPS for the current year.
The company also recently announced a dividend, which was paid on Friday, October 6th. Investors of record on Monday, October 2nd were given a dividend of $0.03 per share. The ex-dividend date was Friday, September 29th. Pegasystems’s dividend payout ratio (DPR) is currently 19.67%.
In related news, VP Michael R. Pyle sold 1,522 shares of the firm’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $59.48, for a total transaction of $90,528.56. Following the sale, the vice president now owns 30,594 shares in the company, valued at $1,819,731.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Douglas I. Kra sold 1,187 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $57.91, for a total transaction of $68,739.17. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,954 shares of company stock worth $1,925,203. 53.61% of the stock is owned by company insiders.
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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