Pegasystems Inc. (NASDAQ:PEGA) VP Michael R. Pyle sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $49.45, for a total value of $197,800.00. Following the completion of the transaction, the vice president now owns 42,524 shares in the company, valued at approximately $2,102,811.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Pegasystems Inc. (NASDAQ PEGA) traded down $0.35 during trading hours on Wednesday, hitting $48.30. 314,466 shares of the company were exchanged, compared to its average volume of 354,913. The company has a market cap of $3,760.00, a PE ratio of 81.86 and a beta of 1.26. Pegasystems Inc. has a 52 week low of $37.70 and a 52 week high of $64.85.
Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $179.80 million for the quarter, compared to analysts’ expectations of $200.15 million. Pegasystems had a net margin of 5.67% and a return on equity of 9.86%. Pegasystems’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 EPS. research analysts expect that Pegasystems Inc. will post 0.26 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Pegasystems by 8.1% in the 2nd quarter. Vanguard Group Inc. now owns 3,007,693 shares of the technology company’s stock worth $175,499,000 after purchasing an additional 225,809 shares during the period. Eagle Asset Management Inc. raised its holdings in Pegasystems by 44.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,087,004 shares of the technology company’s stock valued at $63,752,000 after acquiring an additional 335,011 shares during the period. State Street Corp raised its holdings in Pegasystems by 6.4% during the 2nd quarter. State Street Corp now owns 721,167 shares of the technology company’s stock valued at $42,085,000 after acquiring an additional 43,182 shares during the period. Allianz Asset Management GmbH raised its holdings in Pegasystems by 20.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 694,965 shares of the technology company’s stock valued at $40,065,000 after acquiring an additional 118,445 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD raised its holdings in Pegasystems by 19.2% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 676,590 shares of the technology company’s stock valued at $39,005,000 after acquiring an additional 108,795 shares during the period. 45.72% of the stock is currently owned by institutional investors.
PEGA has been the topic of a number of research reports. TheStreet cut shares of Pegasystems from a “b-” rating to a “c” rating in a report on Wednesday, November 22nd. BidaskClub raised shares of Pegasystems from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 3rd. Finally, Zacks Investment Research raised shares of Pegasystems from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $63.00.
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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.
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