Pegasystems Director Unloads $41,180 in Stock (PEGA)
Pegasystems (NASDAQ:PEGA) Director Richard H. Jones sold 2,000 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $20.59, for a total transaction of $41,180.00. Following the transaction, the director now directly owns 866,156 shares of the company’s stock, valued at approximately $17,834,152. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
PEGA has been the subject of a number of recent research reports. Analysts at Wedbush upgraded shares of Pegasystems from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 21st. They now have a $27.00 price target on the stock, up previously from $25.00. Separately, 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. Finally, 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. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Pegasystems has an average rating of “Hold” and an average price target of $36.15.
Shares of Pegasystems (NASDAQ:PEGA) opened at 21.33 on Wednesday. Pegasystems has a one year low of $15.51 and a one year high of $25.765. The stock has a 50-day moving average of $17.81 and a 200-day moving average of $21.. The company has a market cap of $1.626 billion and a price-to-earnings ratio of 42.16.
Pegasystems (NASDAQ:PEGA) last announced its earnings results on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 22.3% on a year-over-year basis. On average, analysts predict that Pegasystems will post $0.80 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Tuesday, July 1st will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.56%.
Pegasystems Inc develops, markets, licenses, and supports software, which allows organizations to build, deploy, and change enterprise applications.
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