Pegasystems Inc. (NASDAQ:PEGA) VP Efstathios A. Kouninis sold 500 shares of Pegasystems stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $65.50, for a total value of $32,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
PEGA stock traded up $0.07 during trading on Friday, reaching $65.25. 376,483 shares of the stock traded hands, compared to its average volume of 376,894. Pegasystems Inc. has a 52-week low of $43.21 and a 52-week high of $67.95. The company has a market cap of $5.10 billion, a PE ratio of 3,251.50 and a beta of 1.39.
Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Wednesday, February 20th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.20. Pegasystems had a return on equity of 0.34% and a net margin of 1.19%. The firm had revenue of $256.36 million during the quarter, compared to the consensus estimate of $252.71 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. The firm’s quarterly revenue was up .7% compared to the same quarter last year. Equities analysts predict that Pegasystems Inc. will post -0.28 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the company. BidaskClub raised Pegasystems from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 27th. Wedbush reissued an “outperform” rating and set a $84.00 price target (up previously from $80.00) on shares of Pegasystems in a research report on Wednesday, February 27th. Zacks Investment Research raised Pegasystems from a “strong sell” rating to a “hold” rating and set a $67.00 price target for the company in a research report on Tuesday, February 19th. Finally, ValuEngine raised Pegasystems from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 30th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $74.33.
Hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC lifted its stake in shares of Pegasystems by 46.1% during the fourth quarter. Parallel Advisors LLC now owns 792 shares of the technology company’s stock worth $37,000 after purchasing an additional 250 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Pegasystems by 22.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,725 shares of the technology company’s stock worth $130,000 after purchasing an additional 495 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Pegasystems by 17.9% during the fourth quarter. SG Americas Securities LLC now owns 4,159 shares of the technology company’s stock worth $199,000 after purchasing an additional 631 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Pegasystems by 25.6% during the fourth quarter. Great West Life Assurance Co. Can now owns 5,140 shares of the technology company’s stock worth $237,000 after purchasing an additional 1,048 shares in the last quarter. Finally, Bahl & Gaynor Inc. lifted its stake in shares of Pegasystems by 2.1% during the third quarter. Bahl & Gaynor Inc. now owns 54,694 shares of the technology company’s stock worth $3,424,000 after purchasing an additional 1,148 shares in the last quarter. 47.38% of the stock is owned by hedge funds and other institutional investors.
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Pegasystems Company Profile
Pegasystems Inc develops, markets, licenses, and supports software applications for marketing, sales automation, customer service, and operations in the United States and internationally. It provides Pega Platform, an application development product for clients. The company offers customer engagement applications, including Pega Marketing that enable enterprises to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega sales automation to automate and manage the sales process; and Pega customer service to anticipate customer needs, connect customers, the right people and systems, and automate customer interactions to evolve the customer service experience and to allow enterprises to deliver interactions across channels and enhance employee productivity.
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