Pegasystems (NASDAQ:PEGA) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Pegasystems (NASDAQ:PEGA - Free Report) from a strong-buy rating to a buy rating in a report published on Tuesday morning.

A number of other equities analysts have also issued reports on PEGA. 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. Barclays decreased their price target on Pegasystems from $103.00 to $97.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. KeyCorp reissued an "overweight" rating and issued a $118.00 price objective on shares of Pegasystems in a research report on Tuesday, January 14th. Citigroup upped 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. Finally, JMP Securities restated a "market outperform" rating and issued a $110.00 price target on shares of Pegasystems in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $99.36.

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Pegasystems Stock Performance

Shares of NASDAQ:PEGA traded down $0.23 during trading on Tuesday, hitting $76.63. The company's stock had a trading volume of 308,586 shares, compared to its average volume of 594,757. The company has a market capitalization of $6.58 billion, a PE ratio of 75.81 and a beta of 1.11. Pegasystems has a fifty-two week low of $54.55 and a fifty-two week high of $113.67. The stock's 50-day moving average price is $94.74 and its two-hundred day moving average price is $85.11.

Pegasystems (NASDAQ:PEGA - Get Free Report) last posted its quarterly earnings data 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, equities analysts predict that Pegasystems will post 1.89 earnings per share for the current fiscal year.

Pegasystems Dividend Announcement

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

Insider Buying and Selling

In other Pegasystems news, insider Leon Trefler sold 2,049 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $75.65, for a total transaction of $155,006.85. Following the completion of the transaction, the insider now owns 52,019 shares in the company, valued at $3,935,237.35. This trade represents a 3.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kenneth Stillwell sold 2,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $105.63, for a total transaction of $211,260.00. Following the transaction, the chief financial officer now owns 14,466 shares of the company's stock, valued at $1,528,043.58. This trade represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,542 shares of company stock valued at $4,490,746. Corporate insiders own 50.10% of the company's stock.

Institutional Investors Weigh In On Pegasystems

Several institutional investors have recently made changes to their positions in the company. Principal Securities Inc. grew its stake in shares of 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 buying an additional 167 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Pegasystems by 85.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company's stock worth $30,000 after purchasing an additional 149 shares during the period. True Wealth Design LLC bought a new position in shares of Pegasystems in the third quarter worth about $27,000. Venturi Wealth Management LLC lifted its holdings in 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 grew its stake in Pegasystems by 48.0% in the fourth quarter. Global Retirement Partners LLC now owns 789 shares of the technology company's stock worth $74,000 after purchasing an additional 256 shares in the last quarter. Institutional investors own 46.89% of the company's stock.

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.