Pegasystems PT Raised to $42.00 (PEGA)
Benchmark Co. hoisted their price objective on shares of Pegasystems (NASDAQ:PEGA) from $38.00 to $42.00 in a research note issued on Tuesday, AnalystRatingsNetwork reports. The firm currently has a “hold” rating on the stock. Benchmark Co.’s target price would indicate a potential upside of 5.53% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet upgraded shares of Pegasystems (NASDAQ:PEGA) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, August 14th. Separately, analysts at Canaccord Genuity raised their price target on shares of Pegasystems (NASDAQ:PEGA) from $28.00 to $34.00 in a research note to investors on Friday, August 9th. They now have a “hold” rating on the stock. Finally, analysts at Wedbush raised their price target on shares of Pegasystems (NASDAQ:PEGA) from $28.00 to $33.00 in a research note to investors on Tuesday, August 6th. They now have a “neutral” rating on the stock. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Pegasystems presently has an average rating of “Hold” and an average target price of $35.15.
Pegasystems (NASDAQ:PEGA) traded down 0.03% on Tuesday, hitting $39.80. 67,373 shares of the company’s stock traded hands. Pegasystems has a 1-year low of $19.00 and a 1-year high of $40.55. The stock has a 50-day moving average of $37.8 and a 200-day moving average of $32.73. The company has a market cap of $1.510 billion and a P/E ratio of 45.71.
Pegasystems (NASDAQ:PEGA) last released its earnings data on Thursday, August 8th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.06. The company had revenue of $117.30 million for the quarter, compared to the consensus estimate of $115.58 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, analysts predict that Pegasystems will post $1.30 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors of record on Tuesday, October 1st will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Friday, September 27th.
Pegasystems Inc develops, markets, licenses, and supports software, which allows organizations to build, deploy, and change enterprise applications.
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