Shares of Pegasystems Inc. (NASDAQ:PEGA) have been assigned an average recommendation of “Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $65.67.
PEGA has been the topic of several research analyst reports. TheStreet cut shares of Pegasystems from a “b-” rating to a “c” rating in a report on Wednesday, November 22nd. BidaskClub raised shares of Pegasystems from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 3rd. Zacks Investment Research raised shares of Pegasystems from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. UBS Group reaffirmed an “overweight” rating and issued a $65.00 price target on shares of Pegasystems in a report on Tuesday, February 27th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $73.00 price target (up previously from $66.00) on shares of Pegasystems in a report on Thursday, March 1st.
In related news, VP Michael R. Pyle sold 4,000 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $47.61, for a total value of $190,440.00. Following the completion of the transaction, the vice president now directly owns 46,524 shares in the company, valued at $2,215,007.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kenneth Stillwell sold 3,796 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $51.52, for a total transaction of $195,569.92. Following the completion of the transaction, the chief financial officer now owns 3,372 shares of the company’s stock, valued at $173,725.44. The disclosure for this sale can be found here. Insiders sold 27,329 shares of company stock valued at $1,526,648 over the last quarter. 53.61% of the stock is owned by company insiders.
Pegasystems (PEGA) traded down $0.15 during trading on Friday, hitting $61.95. 60,006 shares of the stock traded hands, compared to its average volume of 472,863. The company has a market capitalization of $4,908.55, a PE ratio of 155.25 and a beta of 1.08. Pegasystems has a 52-week low of $40.75 and a 52-week high of $64.85.
Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Monday, February 26th. The technology company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.12. The firm had revenue of $239.54 million for the quarter, compared to analysts’ expectations of $208.48 million. Pegasystems had a net margin of 3.92% and a return on equity of 9.68%. The business’s quarterly revenue was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 earnings per share. research analysts expect that Pegasystems will post 0.72 earnings per share for the current fiscal year.
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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