Pegasystems (NASDAQ:PEGA) had its target price hoisted by KeyCorp from $106.00 to $110.00 in a research report report published on Thursday, BenzingaRatingsTable reports. They currently have an overweight rating on the technology company’s stock.
A number of other equities analysts have also recently weighed in on the company. ValuEngine cut Pegasystems from a buy rating to a hold rating in a research note on Tuesday, December 3rd. Rosenblatt Securities assumed coverage on Pegasystems in a research note on Tuesday, January 21st. They issued a buy rating and a $120.00 price target on the stock. DA Davidson lifted their price target on Pegasystems to $95.00 and gave the stock a buy rating in a research note on Thursday, November 21st. Zacks Investment Research raised Pegasystems from a sell rating to a hold rating in a research note on Thursday, January 23rd. Finally, BidaskClub raised Pegasystems from a buy rating to a strong-buy rating in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $94.63.
PEGA traded up $1.21 during trading on Thursday, reaching $98.88. The company had a trading volume of 781,308 shares, compared to its average volume of 295,250. The firm’s 50-day simple moving average is $85.51 and its 200 day simple moving average is $76.58. The company has a market cap of $7.06 billion, a price-to-earnings ratio of -103.00 and a beta of 1.18. Pegasystems has a 12-month low of $56.75 and a 12-month high of $99.36. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.45 and a current ratio of 1.45.
Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.18). The company had revenue of $276.54 million during the quarter, compared to analysts’ expectations of $290.22 million. Pegasystems had a negative return on equity of 14.16% and a negative net margin of 8.41%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 EPS. On average, sell-side analysts expect that Pegasystems will post -0.92 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were paid a $0.03 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.12 dividend on an annualized basis and a yield of 0.12%.
In other Pegasystems news, CAO Efstathios A. Kouninis sold 438 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $78.00, for a total transaction of $34,164.00. Following the completion of the sale, the chief accounting officer now directly owns 465 shares in the company, valued at approximately $36,270. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard H. Jones sold 14,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $80.09, for a total value of $1,121,260.00. Following the sale, the director now owns 299,544 shares of the company’s stock, valued at $23,990,478.96. The disclosure for this sale can be found here. Insiders have sold a total of 35,038 shares of company stock valued at $2,746,849 over the last 90 days. Corporate insiders own 52.37% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its position in Pegasystems by 27.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,250 shares of the technology company’s stock worth $85,000 after acquiring an additional 273 shares during the period. Parkside Financial Bank & Trust boosted its position in Pegasystems by 54.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,690 shares of the technology company’s stock worth $115,000 after acquiring an additional 596 shares during the period. Point72 Asset Management L.P. acquired a new stake in Pegasystems during the 3rd quarter worth about $122,000. Piedmont Investment Advisors Inc. acquired a new stake in Pegasystems during the 4th quarter worth about $224,000. Finally, PEAK6 Investments LLC acquired a new stake in Pegasystems during the 4th quarter worth about $229,000. Hedge funds and other institutional investors own 45.56% of the company’s stock.
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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