Pegasystems (NASDAQ:PEGA – Get Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.
PEGA has been the topic of a number of other research reports. JMP Securities raised Pegasystems from a “market perform” rating to an “outperform” rating and set a $85.00 price target on the stock in a research report on Wednesday, July 31st. Royal Bank of Canada increased their price target on Pegasystems from $77.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Rosenblatt Securities raised their target price on Pegasystems from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, October 25th. William Blair raised Pegasystems from a “market perform” rating to an “outperform” rating in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. raised their target price on Pegasystems from $78.00 to $83.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Pegasystems has an average rating of “Moderate Buy” and an average target price of $85.90.
Get Our Latest Analysis on PEGA
Pegasystems Trading Up 1.0 %
Pegasystems (NASDAQ:PEGA – Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The business had revenue of $325.10 million for the quarter, compared to the consensus estimate of $326.16 million. Pegasystems had a return on equity of 37.83% and a net margin of 8.29%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 earnings per share. As a group, equities research analysts predict that Pegasystems will post 1.61 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CFO Kenneth Stillwell sold 3,019 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $67.55, for a total transaction of $203,933.45. Following the completion of the transaction, the chief financial officer now directly owns 18,197 shares of the company’s stock, valued at $1,229,207.35. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Kenneth Stillwell sold 3,019 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $67.55, for a total transaction of $203,933.45. Following the completion of the transaction, the chief financial officer now directly owns 18,197 shares of the company’s stock, valued at $1,229,207.35. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard H. Jones sold 4,729 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $70.03, for a total value of $331,171.87. Following the transaction, the director now directly owns 367,058 shares of the company’s stock, valued at approximately $25,705,071.74. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,093 shares of company stock valued at $3,042,389 in the last three months. Insiders own 50.10% of the company’s stock.
Institutional Trading of Pegasystems
Large investors have recently bought and sold shares of the business. Venturi Wealth Management LLC grew 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 worth $48,000 after acquiring an additional 216 shares during the period. Versant Capital Management Inc grew its holdings in Pegasystems by 15,120.0% during the 2nd quarter. Versant Capital Management Inc now owns 761 shares of the technology company’s stock worth $46,000 after acquiring an additional 756 shares during the period. Financial Management Professionals Inc. acquired a new stake in Pegasystems during the 3rd quarter worth about $57,000. Headlands Technologies LLC grew its holdings in Pegasystems by 64.0% during the 1st quarter. Headlands Technologies LLC now owns 869 shares of the technology company’s stock worth $56,000 after acquiring an additional 339 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in Pegasystems during the 3rd quarter worth about $67,000. 46.89% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Stories
- Five stocks we like better than Pegasystems
- Best Stocks Under $5.00
- Rocket Lab is the Right Stock for the Right Time
- What to Know About Investing in Penny Stocks
- SoundHound AI Will Advance By Triple Digits in 2025: Here’s Why
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- Celsius Holdings: Big Drop, Big Opportunity? Analysts Say Yes
Receive News & Ratings for Pegasystems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pegasystems and related companies with MarketBeat.com's FREE daily email newsletter.