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

Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twelve brokerages that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $99.36.

Several brokerages have commented on PEGA. Citigroup raised their price objective on shares of Pegasystems from $99.00 to $123.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. KeyCorp reiterated an "overweight" rating and set a $118.00 target price on shares of Pegasystems in a report on Tuesday, January 14th. Rosenblatt Securities lifted their target price on shares of Pegasystems from $95.00 to $115.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. JMP Securities reiterated a "market outperform" rating and set a $110.00 target price on shares of Pegasystems in a report on Thursday, February 13th. Finally, Royal Bank of Canada lifted their target price on shares of Pegasystems from $90.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, January 3rd.

Insider Activity

In related news, CAO Efstathios A. Kouninis sold 299 shares of Pegasystems stock in a transaction on Monday, December 16th. The shares were sold at an average price of $96.90, for a total transaction of $28,973.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Leon Trefler sold 752 shares of Pegasystems stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $93.83, for a total transaction of $70,560.16. Following the transaction, the insider now owns 37,973 shares in the company, valued at approximately $3,563,006.59. This trade represents a 1.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,542 shares of company stock valued at $4,490,746 in the last 90 days. Company insiders own 50.10% of the company's stock.

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Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Principal Securities Inc. lifted its stake in shares of Pegasystems by 150.5% during the 4th quarter. Principal Securities Inc. now owns 278 shares of the technology company's stock valued at $26,000 after buying an additional 167 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Pegasystems by 85.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company's stock valued at $30,000 after buying an additional 149 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of Pegasystems during the 3rd quarter valued at $27,000. Venturi Wealth Management LLC lifted its stake in shares of Pegasystems by 49.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company's stock valued at $48,000 after buying an additional 216 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its stake in shares of Pegasystems by 48.0% during the 4th quarter. Global Retirement Partners LLC now owns 789 shares of the technology company's stock valued at $74,000 after buying an additional 256 shares in the last quarter. Hedge funds and other institutional investors own 46.89% of the company's stock.

Pegasystems Price Performance

PEGA traded down $0.88 on Thursday, hitting $75.98. The company had a trading volume of 1,246,434 shares, compared to its average volume of 598,812. Pegasystems has a 52-week low of $54.55 and a 52-week high of $113.67. The stock has a fifty day simple moving average of $94.37 and a 200-day simple moving average of $85.28. The firm has a market capitalization of $6.53 billion, a P/E ratio of 75.23 and a beta of 1.25.

Pegasystems (NASDAQ:PEGA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.20). Pegasystems had a return on equity of 32.09% and a net margin of 6.63%. Equities research analysts expect that Pegasystems will post 1.89 earnings per share for the current fiscal year.

Pegasystems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend was Thursday, January 2nd. Pegasystems's payout ratio is 11.88%.

About Pegasystems

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.