Other equities analysts have also recently issued reports about the stock. Benchmark reissued a buy rating and issued a $80.00 target price (up from $72.00) on shares of Pegasystems in a research note on Wednesday, May 8th. Wedbush raised their target price on shares of Pegasystems from $90.00 to $95.00 and gave the company an outperform rating in a research note on Thursday, August 8th. Zacks Investment Research raised Pegasystems from a strong sell rating to a hold rating in a report on Wednesday, July 10th. JMP Securities raised their price target on Pegasystems from $72.00 to $81.00 and gave the company a market outperform rating in a report on Wednesday, May 8th. Finally, UBS Group raised their price target on Pegasystems to $78.00 and gave the company an overweight rating in a report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Pegasystems has a consensus rating of Buy and a consensus price target of $80.20.
NASDAQ:PEGA opened at $70.14 on Tuesday. Pegasystems has a 1-year low of $43.21 and a 1-year high of $79.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.72 and a quick ratio of 1.72. The firm has a fifty day simple moving average of $73.98 and a 200 day simple moving average of $69.47.
Pegasystems (NASDAQ:PEGA) last released its earnings results on Wednesday, August 7th. The technology company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.17). Pegasystems had a negative net margin of 5.95% and a negative return on equity of 9.39%. The firm had revenue of $205.60 million during the quarter, compared to the consensus estimate of $203.16 million. Pegasystems’s revenue was up 4.5% compared to the same quarter last year. As a group, equities research analysts predict that Pegasystems will post -0.77 earnings per share for the current fiscal year.
In other news, Director James P. Ohalloran sold 6,209 shares of Pegasystems stock in a transaction on Friday, May 31st. The stock was sold at an average price of $72.13, for a total transaction of $447,855.17. Following the completion of the sale, the director now owns 114,343 shares of the company’s stock, valued at $8,247,560.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Douglas I. Kra sold 1,609 shares of Pegasystems stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $71.40, for a total value of $114,882.60. Following the sale, the senior vice president now directly owns 37,923 shares of the company’s stock, valued at approximately $2,707,702.20. The disclosure for this sale can be found here. Insiders have sold a total of 34,392 shares of company stock valued at $2,504,706 in the last ninety days. Insiders own 52.37% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Quantamental Technologies LLC lifted its holdings in shares of Pegasystems by 542.2% during the first quarter. Quantamental Technologies LLC now owns 411 shares of the technology company’s stock worth $27,000 after buying an additional 347 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of Pegasystems during the second quarter worth $32,000. Cutler Group LP acquired a new stake in shares of Pegasystems during the second quarter worth $43,000. Steward Partners Investment Advisory LLC acquired a new position in Pegasystems in the second quarter valued at about $53,000. Finally, Tower Research Capital LLC TRC raised its stake in Pegasystems by 352.3% in the second quarter. Tower Research Capital LLC TRC now owns 977 shares of the technology company’s stock valued at $70,000 after purchasing an additional 761 shares in the last quarter. 44.96% of the stock is owned by institutional investors.
Pegasystems Company Profile
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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