Shares of Pegasystems Inc. (NASDAQ:PEGA) have earned an average recommendation of “Buy” from the eight analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $58.00.
A number of analysts have commented on PEGA shares. Wedbush restated an “outperform” rating and set a $50.00 price target (up from $46.00) on shares of Pegasystems in a research report on Tuesday, May 2nd. Benchmark Co. upgraded shares of Pegasystems from a “hold” rating to a “buy” rating and boosted their price target for the stock from $34.00 to $52.00 in a research report on Tuesday, March 7th. TheStreet upgraded shares of Pegasystems from a “c+” rating to a “b” rating in a report on Friday, February 24th. Zacks Investment Research downgraded shares of Pegasystems from a “hold” rating to a “sell” rating in a report on Thursday, March 2nd. Finally, JMP Securities reiterated an “outperform” rating and issued a $63.00 target price (up from $55.00) on shares of Pegasystems in a report on Wednesday, June 7th.
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Pegasystems (PEGA) traded up 0.59% during midday trading on Tuesday, hitting $59.65. The stock had a trading volume of 287,019 shares. The stock has a 50 day moving average of $55.16 and a 200 day moving average of $43.96. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 109.45 and a beta of 1.45. Pegasystems has a 12 month low of $24.71 and a 12 month high of $64.85.
Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Wednesday, May 10th. The technology company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.16. Pegasystems had a net margin of 5.26% and a return on equity of 14.77%. The firm had revenue of $223.20 million for the quarter, compared to the consensus estimate of $200.52 million. During the same period last year, the firm posted $0.23 EPS. Pegasystems’s quarterly revenue was up 24.8% compared to the same quarter last year. Analysts expect that Pegasystems will post $1.06 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Monday, July 3rd will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.20%. The ex-dividend date is Thursday, June 29th. Pegasystems’s dividend payout ratio (DPR) is currently 23.08%.
In related news, Director Richard H. Jones sold 19,600 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $55.65, for a total transaction of $1,090,740.00. Following the transaction, the director now directly owns 569,769 shares of the company’s stock, valued at $31,707,644.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Leon Trefler sold 9,060 shares of Pegasystems stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $64.30, for a total transaction of $582,558.00. Following the completion of the sale, the senior vice president now owns 11,218 shares of the company’s stock, valued at $721,317.40. The disclosure for this sale can be found here. Insiders have sold 43,576 shares of company stock worth $2,445,526 over the last ninety days. 53.61% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the company. Tyers Asset Management LLC purchased a new stake in shares of Pegasystems during the fourth quarter worth $1,700,000. Bayesian Capital Management LP purchased a new stake in shares of Pegasystems during the fourth quarter worth $549,000. Zebra Capital Management LLC boosted its position in Pegasystems by 13.9% in the fourth quarter. Zebra Capital Management LLC now owns 24,231 shares of the technology company’s stock valued at $872,000 after buying an additional 2,958 shares during the last quarter. Asset Management One Co. Ltd. bought a new position in Pegasystems during the fourth quarter valued at approximately $448,000. Finally, Elkfork Partners LLC bought a new position in Pegasystems during the fourth quarter valued at approximately $2,338,000. Institutional investors and hedge funds own 44.12% of the company’s stock.
Pegasystems Company Profile
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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