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Pegasystems (NASDAQ:PEGA) Director Richard H. Jones unloaded 7,500 shares of the company’s stock on the open market in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $22.26, for a total value of $166,950.00. Following the completion of the transaction, the director now directly owns 744,323 shares in the company, valued at approximately $16,568,630. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock presently has a consensus rating of “Buy” and an average price target of $24.92.

Pegasystems (NASDAQ:PEGA) traded down 1.74% during mid-day trading on Wednesday, hitting $22.06. The stock had a trading volume of 200,502 shares. 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 $22.03 and its 200-day moving average is $20.21. The company has a market cap of $1.683 billion and a P/E ratio of 50.00.

Pegasystems (NASDAQ:PEGA) last announced its earnings results on Tuesday, August 5th. The company reported $0.10 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.22 earnings per share. Pegasystems’s revenue was up 22.6% compared to the same quarter last year. 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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