Pegasystems Inc. (NASDAQ:PEGA) has earned an average rating of “Buy” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $82.25.
Several equities research analysts have recently issued reports on PEGA shares. BidaskClub cut Pegasystems from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 21st. TheStreet upgraded Pegasystems from a “c” rating to a “b-” rating in a research report on Friday, March 22nd. Wedbush reiterated an “outperform” rating and issued a $66.86 price target on shares of Pegasystems in a research report on Wednesday, April 10th. Zacks Investment Research lowered Pegasystems from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, UBS Group lifted their price target on Pegasystems to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 7th.
In other Pegasystems news, CAO Efstathios A. Kouninis sold 853 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $70.25, for a total transaction of $59,923.25. Following the completion of the transaction, the chief accounting officer now owns 656 shares in the company, valued at $46,084. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kenneth Stillwell sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $65.96, for a total value of $65,960.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,427 shares of company stock valued at $1,891,636. 52.37% of the stock is currently owned by company insiders.
Shares of PEGA stock opened at $71.21 on Friday. Pegasystems has a 12-month low of $43.21 and a 12-month high of $76.49. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average price of $71.59.
Pegasystems (NASDAQ:PEGA) last issued its earnings results on Tuesday, May 7th. The technology company reported ($0.31) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.24). Pegasystems had a negative return on equity of 4.85% and a negative net margin of 3.49%. The firm had revenue of $212.50 million during the quarter, compared to the consensus estimate of $237.63 million. During the same period last year, the firm posted $0.24 earnings per share. The company’s revenue for the quarter was down 9.7% compared to the same quarter last year. As a group, analysts predict that Pegasystems will post -0.65 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be given a $0.03 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.12 annualized dividend and a yield of 0.17%.
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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