Shares of Pegasystems Inc. (NASDAQ:PEGA) have received a consensus recommendation of “Buy” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $61.75.
Several analysts have weighed in on PEGA shares. TheStreet cut Pegasystems from a “b-” rating to a “c” rating in a report on Wednesday, November 22nd. Zacks Investment Research upgraded Pegasystems from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, BidaskClub upgraded Pegasystems from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 3rd.
Pegasystems (NASDAQ:PEGA) traded up $0.65 during trading hours on Tuesday, hitting $47.15. The company’s stock had a trading volume of 374,100 shares, compared to its average volume of 369,264. Pegasystems has a 1 year low of $39.65 and a 1 year high of $64.85. The stock has a market cap of $3,670.00, a PE ratio of 79.92 and a beta of 1.26.
In other Pegasystems news, VP Michael R. Pyle sold 4,000 shares of the 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 sale, the vice president now owns 42,524 shares in the company, valued at approximately $2,102,811.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Kenneth Stillwell sold 830 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $49.92, for a total value of $41,433.60. Following the completion of the sale, the chief financial officer now owns 4,686 shares of the company’s stock, valued at approximately $233,925.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,035 shares of company stock worth $940,525. 53.61% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in PEGA. Wells Fargo & Company MN lifted its stake in shares of Pegasystems by 4.9% in the 2nd quarter. Wells Fargo & Company MN now owns 34,773 shares of the technology company’s stock valued at $2,028,000 after purchasing an additional 1,618 shares during the period. Ameriprise Financial Inc. purchased a new position in shares of Pegasystems in the 2nd quarter valued at approximately $1,385,000. New York State Common Retirement Fund lifted its stake in shares of Pegasystems by 4.4% in the 2nd quarter. New York State Common Retirement Fund now owns 40,100 shares of the technology company’s stock valued at $2,340,000 after purchasing an additional 1,699 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of Pegasystems by 7.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 20,809 shares of the technology company’s stock valued at $1,214,000 after purchasing an additional 1,453 shares during the period. Finally, Citigroup Inc. lifted its stake in shares of Pegasystems by 666.5% in the 2nd quarter. Citigroup Inc. now owns 4,116 shares of the technology company’s stock valued at $240,000 after purchasing an additional 3,579 shares during the period. Institutional investors own 45.65% of the company’s stock.
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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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