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Pegasystems (NASDAQ:PEGA) announced its earnings results on Tuesday. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.03, AnalystRatings.Net reports. The company had revenue of $143.86 million for the quarter, compared to the consensus estimate of $132.75 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 22.6% on a year-over-year basis.

Several analysts have recently commented on the stock. Analysts at Merriman Capital downgraded shares of Pegasystems from a “buy” rating to a “neutral” rating in a research note on Thursday, July 31st. They now have a $24.00 price target on the stock. On the ratings front, 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. Finally, analysts at TheStreet upgraded shares of Pegasystems from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $24.58.

Pegasystems (NASDAQ:PEGA) traded down 0.29% during mid-day trading on Tuesday, hitting $20.84. 263,981 shares of the company’s stock traded hands. Pegasystems has a 1-year low of $15.51 and a 1-year high of $25.765. The stock has a 50-day moving average of $21.46 and a 200-day moving average of $20.25. The company has a market cap of $1.589 billion and a price-to-earnings ratio of 42.65.

In other Pegasystems news, Director Richard H. Jones sold 2,000 shares of Pegasystems stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $22.74, for a total value of $45,480.00. The sale was disclosed in a document filed with the SEC, 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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