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Pegasystems (NASDAQ:PEGA) Director Larry Weber unloaded 5,000 shares of Pegasystems stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $22.16, for a total value of $110,800.00. Following the completion of the transaction, the director now directly owns 8,268 shares of the company’s stock, valued at approximately $183,219. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of analysts have recently weighed in on PEGA shares. Analysts at Zacks downgraded shares of Pegasystems from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 6th. They now have a $24.60 price target on the stock. Separately, analysts at Merriman Capital upgraded shares of Pegasystems from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 6th. Finally, 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $24.92.

Shares of Pegasystems (NASDAQ:PEGA) traded up 1.45% on Thursday, hitting $22.46. 331,702 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 $21.85 and a 200-day moving average of $20.23. The company has a market cap of $1.714 billion and a P/E ratio of 49.31.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.03. 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. On average, analysts predict that Pegasystems will post $0.79 earnings per share for the current fiscal year.

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

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