Pegasystems Director Sells $21,400 in Stock (PEGA)
Pegasystems (NASDAQ:PEGA) Director Richard H. Jones unloaded 1,000 shares of the company’s stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $21.40, for a total value of $21,400.00. Following the completion of the transaction, the director now directly owns 824,156 shares of the company’s stock, valued at approximately $17,636,938. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at TheStreet upgraded shares of Pegasystems from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. Separately, 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. Finally, 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. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $23.98.
Pegasystems (NASDAQ:PEGA) opened at 21.12 on Tuesday. Pegasystems has a 52-week low of $15.51 and a 52-week high of $25.765. The stock has a 50-day moving average of $20.66 and a 200-day moving average of $20.70. The company has a market cap of $1.610 billion and a P/E ratio of 43.10.
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. Analysts expect that Pegasystems will post $0.81 EPS 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 0.57%. The ex-dividend date is Friday, June 27th. This is an increase from Pegasystems’s previous quarterly dividend of $0.02.
Pegasystems Inc develops, markets, licenses, and supports software, which allows organizations to build, deploy, and change enterprise applications.