Pegasystems Inc. (NASDAQ:PEGA) was the target of some unusual options trading activity on Wednesday. Investors bought 1,257 call options on the company. This is an increase of 1,749% compared to the typical volume of 68 call options.
Shares of PEGA opened at $70.53 on Thursday. Pegasystems has a twelve month low of $43.21 and a twelve month high of $76.49. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 3,758.50 and a beta of 1.42.
Pegasystems (NASDAQ:PEGA) last issued its earnings results on Tuesday, May 7th. The technology company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.24). Pegasystems had a return on equity of 0.34% and a net margin of 1.19%. The company had revenue of $212.50 million for the quarter, compared to analyst estimates of $237.63 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s quarterly revenue was down 9.7% compared to the same quarter last year. Equities analysts anticipate that Pegasystems will post -0.28 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, March 29th. This represents a $0.12 annualized dividend and a yield of 0.17%.
PEGA has been the subject of several analyst reports. BidaskClub raised shares of Pegasystems from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Zacks Investment Research raised shares of Pegasystems from a “strong sell” rating to a “hold” rating and set a $67.00 price target for the company in a report on Tuesday, February 19th. Wedbush reissued an “outperform” rating and set a $66.86 price target on shares of Pegasystems in a report on Wednesday, April 10th. TheStreet raised shares of Pegasystems from a “c” rating to a “b-” rating in a report on Friday, March 22nd. Finally, UBS Group increased their price target on shares of Pegasystems to $78.00 and gave the stock an “overweight” rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $79.20.
In other news, Director Larry Weber sold 1,000 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $65.99, for a total value of $65,990.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Leon Trefler sold 1,464 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $73.67, for a total transaction of $107,852.88. Following the transaction, the senior vice president now directly owns 10,555 shares of the company’s stock, valued at $777,586.85. The disclosure for this sale can be found here. Insiders sold 52,403 shares of company stock valued at $3,421,274 over the last ninety days. Corporate insiders own 52.85% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of PEGA. Bank of New York Mellon Corp grew its position in Pegasystems by 2.2% during the third quarter. Bank of New York Mellon Corp now owns 162,607 shares of the technology company’s stock worth $10,179,000 after buying an additional 3,557 shares during the period. TIAA CREF Investment Management LLC grew its position in Pegasystems by 10.8% during the third quarter. TIAA CREF Investment Management LLC now owns 177,381 shares of the technology company’s stock worth $11,104,000 after buying an additional 17,356 shares during the period. Vanguard Group Inc. grew its position in Pegasystems by 2.7% during the third quarter. Vanguard Group Inc. now owns 3,401,811 shares of the technology company’s stock worth $212,953,000 after buying an additional 90,839 shares during the period. Strs Ohio acquired a new position in Pegasystems during the fourth quarter worth about $289,000. Finally, We Are One Seven LLC acquired a new position in Pegasystems during the fourth quarter worth about $140,000. Institutional investors own 47.86% of the company’s stock.
Pegasystems Company Profile
Pegasystems Inc develops, markets, licenses, and supports enterprise software applications in the United States, India, and internationally. It provides Pega Platform, an application development product for clients; and Pega Infinity, a software platform that unifies customer engagement and digital process automation.
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