Pegasystems Inc. (PEGA) Receives Consensus Recommendation of “Hold” from Brokerages

Pegasystems Inc. (NASDAQ:PEGA) has been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $61.75.

PEGA has been the topic of a number of research reports. Zacks Investment Research cut Pegasystems from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. TheStreet cut Pegasystems from a “b-” rating to a “c” rating in a research note on Wednesday, November 22nd. Finally, BidaskClub upgraded Pegasystems from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 3rd.

Pegasystems (PEGA) traded up $0.90 on Friday, reaching $50.45. The company had a trading volume of 706,400 shares, compared to its average volume of 363,167. Pegasystems has a 12-month low of $37.10 and a 12-month high of $64.85. The firm has a market capitalization of $3,920.00, a PE ratio of 85.51 and a beta of 1.25.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Pegasystems had a return on equity of 9.86% and a net margin of 5.67%. The firm had revenue of $179.80 million for the quarter, compared to analysts’ expectations of $200.15 million. During the same period in the prior year, the firm posted $0.17 earnings per share. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. equities research analysts expect that Pegasystems will post 0.26 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.24%. The ex-dividend date was Friday, December 29th. Pegasystems’s dividend payout ratio (DPR) is presently 20.34%.

In other Pegasystems news, CAO Efstathios A. Kouninis sold 728 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $49.73, for a total transaction of $36,203.44. Following the transaction, the chief accounting officer now owns 1,012 shares of the company’s stock, valued at $50,326.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Douglas I. Kra sold 1,189 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $57.82, for a total value of $68,747.98. Following the transaction, the senior vice president now directly owns 25,668 shares in the company, valued at approximately $1,484,123.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,406 shares of company stock worth $845,950. Corporate insiders own 53.61% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Legal & General Group Plc boosted its stake in shares of Pegasystems by 1.1% during the second quarter. Legal & General Group Plc now owns 14,206 shares of the technology company’s stock worth $830,000 after buying an additional 155 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Pegasystems by 2.0% during the second quarter. The Manufacturers Life Insurance Company now owns 29,432 shares of the technology company’s stock worth $1,717,000 after buying an additional 587 shares during the period. Voya Investment Management LLC boosted its stake in shares of Pegasystems by 6.2% during the second quarter. Voya Investment Management LLC now owns 17,380 shares of the technology company’s stock worth $1,014,000 after buying an additional 1,010 shares during the period. Swiss National Bank boosted its stake in shares of Pegasystems by 2.2% during the second quarter. Swiss National Bank now owns 64,300 shares of the technology company’s stock worth $3,752,000 after buying an additional 1,400 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Pegasystems by 0.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 158,207 shares of the technology company’s stock worth $9,232,000 after buying an additional 1,405 shares during the period. Institutional investors and hedge funds own 45.77% of the company’s stock.

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About Pegasystems

Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.

Analyst Recommendations for Pegasystems (NASDAQ:PEGA)

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