Pegasystems Inc. (NASDAQ:PEGA) Receives $99.36 Consensus PT from Analysts

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

PEGA has been the topic of a number of recent research reports. Royal Bank of Canada upped their target price on shares of Pegasystems from $90.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. KeyCorp restated an "overweight" rating and issued a $118.00 price objective on shares of Pegasystems in a report on Tuesday, January 14th. Citigroup lifted their target price on shares of Pegasystems from $99.00 to $123.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. JMP Securities reissued a "market outperform" rating and issued a $110.00 price target on shares of Pegasystems in a research report on Thursday, February 13th. Finally, Rosenblatt Securities raised their price objective on Pegasystems from $95.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th.

Insider Transactions at Pegasystems

In other Pegasystems news, insider Leon Trefler sold 2,049 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $75.65, for a total value of $155,006.85. Following the transaction, the insider now directly owns 52,019 shares of the company's stock, valued at approximately $3,935,237.35. This trade represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kenneth Stillwell sold 2,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $94.00, for a total transaction of $188,000.00. Following the completion of the transaction, the chief financial officer now owns 16,466 shares in the company, valued at $1,547,804. This trade represents a 10.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,342 shares of company stock worth $3,903,792 in the last ninety days. Insiders own 50.10% of the company's stock.

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Institutional Investors Weigh In On Pegasystems

Hedge funds have recently modified their holdings of the business. Principal Securities Inc. lifted its position in Pegasystems by 150.5% during the fourth quarter. Principal Securities Inc. now owns 278 shares of the technology company's stock valued at $26,000 after purchasing an additional 167 shares in the last quarter. True Wealth Design LLC bought a new position in shares of Pegasystems in the third quarter worth about $27,000. EverSource Wealth Advisors LLC lifted its position 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. Venturi Wealth Management LLC grew 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 acquiring an additional 216 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in Pegasystems in the 4th quarter worth approximately $61,000. Institutional investors own 46.89% of the company's stock.

Pegasystems Trading Up 0.6 %

Pegasystems stock traded up $0.41 during trading hours on Thursday, hitting $70.83. 907,781 shares of the stock traded hands, compared to its average volume of 602,829. Pegasystems has a one year low of $54.55 and a one year high of $113.67. The firm's 50-day moving average price is $93.46 and its two-hundred day moving average price is $85.43. The company has a market cap of $6.08 billion, a PE ratio of 70.13 and a beta of 1.25.

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

Pegasystems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.03 per share. The ex-dividend date was Thursday, January 2nd. This represents a $0.12 annualized dividend and a dividend yield of 0.17%. 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.