Shares of Pegasystems Inc. (NASDAQ:PEGA – Get Rating) received an average recommendation of “Buy” from the twelve research firms that cover the stock, MarketBeat reports. One financial analyst rated the stock with a sell recommendation, one has issued a hold recommendation and six has issued a buy recommendation on the company. The 1-year average price target among brokers who have rated the stock in the past year is $133.22.
Several equity research analysts have recently released reports on PEGA stocks. Wedbush lowered its price target on Pegasystems shares from $155.00 to $115.00 in a Thursday, February 17 research report. JMP Securities lowered its price target on Pegasystems stock from $172.00 to $155.00 and set a “market outperformance” rating on the stock in a Thursday, Feb. 17 report. StockNews.com upgraded Pegasystems shares from a “hold” rating to a “buy” rating in a Thursday, March 17 report. TheStreet downgraded Pegasystems shares from a “c-” rating to a “d+” rating in a Thursday, January 27 research report. Finally, Zacks Investment Research downgraded Pegasystems shares from a “hold” rating to a “sell” rating in a Saturday, February 26 research report.
PEGA opened at $77.82 on Friday. The company has a debt ratio of 1.42, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a market capitalization of $6.35 billion, a P/E ratio of -97.28 and a beta of 1.17. Pegasystems has a 1-year low of $71.61 and a 1-year high of $143.66. The stock’s 50-day simple moving average is $87.61 and its 200-day simple moving average is $107.78.
Pegasystems (NASDAQ:PEGA – Get Rating) last released its results on Wednesday, February 16. The tech company reported ($0.22) earnings per share for the quarter, missing the Zacks consensus estimate of ($0.14) by ($0.08). The company posted revenue of $316.20 million for the quarter, versus analyst estimates of $342.86 million. Pegasystems had a negative return on equity of 16.51% and a negative net margin of 5.20%. The company’s revenue increased 5.9% year over year. During the same period of the previous year, the company achieved EPS of ($0.05). Research analysts expect Pegasystems to post -0.35 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 15. Shareholders of record on Friday, April 1 will receive a dividend of $0.03 per share. This represents a dividend of $0.12 on an annualized basis and a yield of 0.15%. The ex-date of this dividend is Thursday, March 31. Pegasystems’ payout ratio is currently -15.00%.
In related news, Chief Financial Officer Kenneth Stillwell sold 1,000 shares of the company in a trade on Tuesday, February 1. The stock was sold at an average price of $100.76, for a total value of $100,760.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 50.50% of the shares are currently held by insiders of the company.
A number of hedge funds and other institutional investors have recently increased or reduced their stake in PEGA. Manchester Capital Management LLC bought a new stock position in Pegasystems during Q3, valued at around $37,000. Ellevest Inc. increased its stake in Pegasystems shares by 292.9% during the 4th quarter. Ellevest Inc. now owns 334 shares of the technology company worth $37,000 after acquiring 249 additional shares in the last quarter. First Horizon Advisors Inc. increased its position in Pegasystems shares by 1,294.1% during the 4th quarter. First Horizon Advisors Inc. now owns 474 shares of the technology company valued at $53,000 after buying an additional 440 shares in the last quarter. Covestor Ltd bought a new position in Pegasystems shares during Q4 valued at around $59,000. Finally, Rockefeller Capital Management LP bought a new position in Pegasystems stock during Q4 valued at around $60,000. Institutional investors hold 47.55% of the company’s shares.
About Pegasystems (Get a rating)
Pegasystems, Inc engages in the development, marketing, licensing and support of software, which enables organizations to create, deploy and modify enterprise applications. Its Pega Infinity product helps connect businesses to their customers in real time across all channels, streamline business operations and adapt to meet changing needs.
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