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Pegasystems (NASDAQ:PEGA) was downgraded by TheStreet from a “buy” rating to a “hold” rating in a research note issued on Wednesday, Analyst Ratings reports.

The analysts wrote, “Pegasystems (PEGA) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and weak operating cash flow.”

A number of other firms have also recently commented on PEGA. Analysts at Zacks upgraded shares of Pegasystems from a “neutral” rating to an “outperform” rating in a research note on Monday, March 3rd. They now have a $51.30 price target on the stock. Analysts at Canaccord Genuity raised their price target on shares of Pegasystems from $40.00 to $45.00 in a research note on Friday, January 17th. They now have a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $46.05.

Shares of Pegasystems (NASDAQ:PEGA) traded up 1.47% during mid-day trading on Wednesday, hitting $16.59. 69,217 shares of the company’s stock traded hands. Pegasystems has a 1-year low of $12.23 and a 1-year high of $25.765. The stock has a 50-day moving average of $18.78 and a 200-day moving average of $21.38. The company has a market cap of $1.265 billion and a P/E ratio of 33.37.

Pegasystems (NASDAQ:PEGA) last announced its earnings results on Tuesday, February 25th. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.49 by $0.12. The company had revenue of $155.58 million for the quarter, compared to the consensus estimate of $158.08 million. On average, analysts predict that Pegasystems will post $0.78 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, April 21st. Investors of record on Monday, April 7th will be paid a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Thursday, April 3rd.

Pegasystems Inc develops, markets, licenses, and supports software, which allows organizations to build, deploy, and change enterprise applications.

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