Pegasystems Inc. (NASDAQ:PEGA) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eleven brokerages that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $85.90.

Several brokerages have commented on PEGA. The Goldman Sachs Group upped their price target on Pegasystems from $70.00 to $78.00 and gave the stock a "neutral" rating in a research note on Friday, July 26th. Barclays raised their price target on shares of Pegasystems from $74.00 to $82.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Citigroup boosted their price objective on shares of Pegasystems from $87.00 to $92.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. Royal Bank of Canada raised their target price on shares of Pegasystems from $77.00 to $90.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. Finally, StockNews.com raised shares of Pegasystems from a "buy" rating to a "strong-buy" rating in a research report on Friday, October 25th.

Insiders Place Their Bets

In related news, Director Richard H. Jones sold 10,000 shares of Pegasystems stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $69.88, for a total value of $698,800.00. Following the completion of the sale, the director now owns 357,058 shares in the company, valued at approximately $24,951,213.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Richard H. Jones sold 10,000 shares of the business's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $69.88, for a total value of $698,800.00. Following the completion of the sale, the director now directly owns 357,058 shares of the company's stock, valued at $24,951,213.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kenneth Stillwell sold 3,019 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $67.55, for a total value of $203,933.45. Following the transaction, the chief financial officer now directly owns 18,197 shares in the company, valued at approximately $1,229,207.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,277 shares of company stock worth $2,325,331 in the last three months. 50.10% of the stock is owned by insiders.

Institutional Trading of Pegasystems

Several institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC acquired a new position in Pegasystems in the first quarter valued at approximately $758,000. Duality Advisers LP grew its stake in Pegasystems by 2.7% during the 1st quarter. Duality Advisers LP now owns 13,690 shares of the technology company's stock worth $885,000 after buying an additional 363 shares during the last quarter. ClariVest Asset Management LLC increased its position in Pegasystems by 113.2% in the first quarter. ClariVest Asset Management LLC now owns 39,569 shares of the technology company's stock worth $2,558,000 after buying an additional 21,008 shares during the period. Swiss National Bank lifted its stake in Pegasystems by 0.5% in the first quarter. Swiss National Bank now owns 82,500 shares of the technology company's stock valued at $5,333,000 after buying an additional 400 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Pegasystems in the first quarter valued at $2,038,000. Institutional investors own 46.89% of the company's stock.

Pegasystems Stock Performance

NASDAQ PEGA traded up $1.91 during trading hours on Friday, hitting $81.35. 494,335 shares of the company's stock were exchanged, compared to its average volume of 549,109. The firm has a market capitalization of $6.98 billion, a P/E ratio of 59.38 and a beta of 1.07. The business's 50 day moving average is $71.66 and its 200-day moving average is $64.92. Pegasystems has a 12-month low of $44.00 and a 12-month high of $82.50.

Pegasystems (NASDAQ:PEGA - Get Free Report) last released its earnings results on Wednesday, October 23rd. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.04. The firm had revenue of $325.10 million during the quarter, compared to the consensus estimate of $326.16 million. Pegasystems had a net margin of 8.29% and a return on equity of 37.83%. Pegasystems's revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 earnings per share. As a group, equities research analysts anticipate that Pegasystems will post 1.61 EPS for the current fiscal year.

Pegasystems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.12 dividend on an annualized basis and a yield of 0.15%. Pegasystems's dividend payout ratio (DPR) is presently 8.76%.

Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients' processes and workflows.