News articles about Pegasystems (NASDAQ:PEGA) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pegasystems earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 46.7305036141251 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Contrasting Pegasystems (PEGA) and QAD (QADA) (americanbankingnews.com)
- Pegasystems Inc. (PEGA) Set to Announce Earnings on Wednesday (americanbankingnews.com)
- Care management solutions market to be worth $15.70 billion by 2021 illuminated by new report (whatech.com)
- ETFs with exposure to Pegasystems, Inc. : October 31, 2017 (finance.yahoo.com)
- Pegasystems, Inc. – Value Analysis (NASDAQ:PEGA) : October 31, 2017 (finance.yahoo.com)
Several equities research analysts recently issued reports on PEGA shares. BidaskClub downgraded shares of Pegasystems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of Pegasystems from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Wednesday, July 19th. Finally, Mitsubishi UFJ Financial Group set a $57.00 price target on shares of Pegasystems and gave the stock a “buy” rating in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $63.00.
Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.04 earnings per share 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 during the quarter, compared to analyst estimates of $205.06 million. During the same quarter in the previous year, the firm posted $0.19 earnings per share. Pegasystems’s quarterly revenue was up 4.8% compared to the same quarter last year.
The business also recently announced a dividend, which was paid on Friday, October 6th. Investors of record on Monday, October 2nd were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, September 29th. Pegasystems’s payout ratio is currently 19.67%.
In other news, CFO Kenneth Stillwell sold 1,228 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $57.97, for a total value of $71,187.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Leon Trefler sold 6,393 shares of the stock in a transaction on Monday, August 21st. The shares were sold at an average price of $54.65, for a total transaction of $349,377.45. Following the completion of the transaction, the senior vice president now owns 16,680 shares of the company’s stock, valued at approximately $911,562. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,228 shares of company stock valued at $740,308. Corporate insiders own 53.61% of the company’s stock.
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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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