Pegasystems (NASDAQ:PEGA) had its target price upped by Wedbush from $90.00 to $95.00 in a research note published on Thursday, The Fly reports. They currently have an outperform rating on the technology company’s stock. Wedbush also issued estimates for Pegasystems’ FY2021 earnings at ($0.21) EPS.
PEGA has been the topic of a number of other research reports. JMP Securities upped their price target on shares of Pegasystems from $72.00 to $81.00 and gave the company a market outperform rating in a research note on Wednesday, May 8th. Zacks Investment Research upgraded shares of Pegasystems from a strong sell rating to a hold rating in a research note on Wednesday, July 10th. UBS Group upped their price target on shares of Pegasystems to $78.00 and gave the company an overweight rating in a research note on Tuesday, May 7th. TheStreet lowered shares of Pegasystems from a b- rating to a c rating in a research note on Wednesday, May 22nd. Finally, Benchmark restated a buy rating and set a $80.00 price target (up previously from $72.00) on shares of Pegasystems in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $80.20.
Shares of NASDAQ PEGA traded down $1.29 during trading hours on Thursday, hitting $71.35. 362,161 shares of the stock were exchanged, compared to its average volume of 323,709. The company has a quick ratio of 1.86, a current ratio of 1.72 and a debt-to-equity ratio of 0.10. The firm’s fifty day simple moving average is $74.38. Pegasystems has a 12 month low of $43.21 and a 12 month high of $79.67.
Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.17). The firm had revenue of $205.60 million for the quarter, compared to the consensus estimate of $203.16 million. Pegasystems had a negative return on equity of 9.39% and a negative net margin of 5.95%. The company’s revenue was up 4.5% on a year-over-year basis. On average, equities research analysts anticipate that Pegasystems will post -0.68 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were paid a dividend of $0.03 per share. The ex-dividend date was Friday, June 28th. This represents a $0.12 dividend on an annualized basis and a yield of 0.17%.
In other Pegasystems news, SVP Douglas I. Kra sold 3,498 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $72.02, for a total transaction of $251,925.96. Following the transaction, the senior vice president now owns 39,280 shares in the company, valued at approximately $2,828,945.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Leon Trefler sold 752 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.21, for a total transaction of $57,309.92. Following the transaction, the senior vice president now owns 12,064 shares in the company, valued at approximately $919,397.44. The disclosure for this sale can be found here. Insiders have sold a total of 36,755 shares of company stock worth $2,680,969 in the last 90 days. 52.37% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Quantamental Technologies LLC increased its stake in shares of Pegasystems by 542.2% in the first quarter. Quantamental Technologies LLC now owns 411 shares of the technology company’s stock worth $27,000 after acquiring an additional 347 shares during the period. Cutler Group LP acquired a new stake in shares of Pegasystems in the second quarter worth $43,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Pegasystems in the second quarter worth $53,000. Parkside Financial Bank & Trust increased its stake in shares of Pegasystems by 1,102.2% in the second quarter. Parkside Financial Bank & Trust now owns 1,094 shares of the technology company’s stock worth $78,000 after acquiring an additional 1,003 shares during the period. Finally, Carroll Financial Associates Inc. acquired a new stake in shares of Pegasystems in the second quarter worth $108,000. Hedge funds and other institutional investors own 46.77% 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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