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Pegasystems (NASDAQ:PEGA) has earned a consensus rating of “Buy” from the seven ratings firms that are currently covering the stock, AmericanBankingNews.com reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $24.58.

A number of research firms have recently commented on PEGA. Analysts at Zacks upgraded shares of Pegasystems from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 3rd. They now have a $23.50 price target on the stock. Separately, analysts at TheStreet upgraded shares of Pegasystems from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. Finally, 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.

Pegasystems (NASDAQ:PEGA) opened at 21.31 on Tuesday. Pegasystems has a 52-week low of $15.51 and a 52-week high of $25.765. The stock’s 50-day moving average is $21.22 and its 200-day moving average is $20.55. The company has a market cap of $1.625 billion and a P/E ratio of 43.06.

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 $0.81 earnings per share for the current fiscal year.

In other Pegasystems news, Director Richard H. Jones unloaded 28,000 shares of Pegasystems stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $21.35, for a total value of $597,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

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