Share on StockTwits

Pegasystems (NASDAQ:PEGA) Director Richard H. Jones sold 18,000 shares of Pegasystems stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $18.74, for a total value of $337,320.00. Following the completion of the transaction, the director now directly owns 870,536 shares in the company, valued at approximately $16,313,845. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

A number of research firms have recently commented on PEGA. Analysts at Merriman Capital initiated coverage on shares of Pegasystems in a research note on Thursday, May 15th. They set a “buy” rating and a $24.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Pegasystems from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $19.90 price target on the stock. Finally, analysts at TheStreet downgraded shares of Pegasystems from a “buy” rating to a “hold” rating in a research note on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $39.82.

Pegasystems (NASDAQ:PEGA) traded down 0.80% during mid-day trading on Tuesday, hitting $19.34. The stock had a trading volume of 463,796 shares. Pegasystems has a 52-week low of $15.155 and a 52-week high of $25.765. The stock’s 50-day moving average is $17.49 and its 200-day moving average is $21.11. The company has a market cap of $1.474 billion and a P/E ratio of 39.79.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. The company had revenue of $142.20 million for the quarter, compared to the consensus estimate of $136.60 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. Analysts expect that Pegasystems will post $0.79 EPS for the current fiscal year.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.