Shares of Pegasystems Inc. (NASDAQ:PEGA – Get Rating) have been assigned an average rating of “Buy” by the ten brokerages that currently cover the company, Marketbeat.com reports. One analyst rated the stock with a sell recommendation, one gave the company a hold recommendation and four gave the company a buy recommendation. The 12-month average price target among analysts who have rated the stock over the past year is $136.13.
A number of equity research analysts have weighed in on the company recently. TheStreet upgraded Pegasystems from a “c-” to a “d+” rating in a Thursday, January 27 report. Barclays lowered its price target on Pegasystems from $140.00 to $110.00 in a Wednesday, January 12 report. KeyCorp lowered its price target on Pegasystems from $147.00 to $129.00 and set an “overweight” rating for the company in a Thursday, February 17 report. Macquarie lowered its target price on Pegasystems from $150.00 to $125.00 and set an “outperform” rating for the company in a Friday, Feb. 18 research note. Finally, Zacks Investment Research upgraded Pegasystems from a “hold” rating to a “sell” rating in a research note on Saturday.
Shares of PEGA opened at $85.40 on Wednesday. Pegasystems has a 1-year low of $74.31 and a 1-year high of $143.66. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt ratio of 1.42. The stock has a 50-day simple moving average of $97.94 and a 200-day simple moving average of $115.18. The stock has a market capitalization of $6.97 billion, a PE ratio of -106.75 and a beta of 1.15.
Pegasystems (NASDAQ:PEGA – Get Rating) last released its results on Wednesday, February 16. The tech company reported earnings per share (EPS) of $0.04 for the quarter, beating the Zacks consensus estimate of $0.14 ($0.14) by $0.18. Pegasystems had a negative return on equity of 16.51% and a negative net margin of 5.20%. The company posted revenue of $316.20 million in the quarter, compared to $342.86 million expected by analysts. During the same period of the previous year, the company posted an EPS of ($0.05). Pegasystems quarterly revenue increased 5.9% compared to the same quarter last year. On average, sell-side analysts expect Pegasystems to post -0.47 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, January 17. Shareholders of record on Monday, January 3 received a dividend of $0.03. The ex-dividend date was Friday, December 31. This represents an annualized dividend of $0.12 and a dividend yield of 0.14%. Pegasystems’ dividend payout rate is currently -15.00%.
In other Pegasystems news, CAO Efstathios A. Kouninis sold 500 shares of Pegasystems in a trade dated Friday, December 17. The stock was sold at an average price of $106.00, for a total transaction of $53,000.00. The transaction was disclosed in a document filed with the SEC, accessible via this link. Additionally, Chief Financial Officer Kenneth Stillwell sold 1,000 shares of Pegasystems in a trade dated Tuesday, February 1. The stock was sold at an average price of $100.76, for a total value of $100,760.00. The disclosure of this sale can be found here. Insiders sold a total of 1,931 shares of the company worth $203,575 in the past 90 days. 50.50% of the shares are held by company insiders.
A number of hedge funds have recently bought and sold shares of the company. Maryland Capital Management increased its holdings of Pegasystems stock 2.7% in the third quarter. Maryland Capital Management now owns 3,986 shares of the technology company valued at $507,000 after buying 105 additional shares last quarter. CIBC Asset Management Inc. increased its holdings of Pegasystems shares by 3.9% in the fourth quarter. CIBC Asset Management Inc. now owns 3,270 shares of the technology company valued at $366,000 after buying 122 more shares last quarter. First Mercantile Trust Co. increased its holdings of Pegasystems stock 11.6% in the third quarter. First Mercantile Trust Co. now owns 1,181 shares of the technology company valued at $150,000 after buying 123 more shares last quarter. Ironwood Investment Management LLC increased its holdings of Pegasystems stock 0.3% in the fourth quarter. Ironwood Investment Management LLC now owns 46,734 shares of the technology company valued at $5,226,000 after buying 132 additional shares last quarter. Finally, New York State Common Retirement Fund increased its position in Pegasystems shares by 0.3% in the third quarter. The New York State Common Retirement Fund now owns 46,692 shares of the technology company valued at $5,935,000 after acquiring 142 additional shares in the last quarter. Hedge funds and other institutional investors own 47.55% of the company’s shares.
About Pegasystems (Get an assessment)
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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