Pegasystems (NASDAQ:PEGA) Given Market Outperform Rating at JMP Securities

Pegasystems (NASDAQ:PEGA)‘s stock had its “market outperform” rating reaffirmed by research analysts at JMP Securities in a research note issued to investors on Thursday,Benzinga reports. They currently have a $110.00 price target on the technology company’s stock. JMP Securities’ target price would suggest a potential upside of 29.38% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Citigroup raised their price objective on Pegasystems from $99.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. StockNews.com upgraded Pegasystems from a “hold” rating to a “buy” rating in a report on Thursday, November 21st. Barclays lifted their price target on Pegasystems from $82.00 to $103.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Royal Bank of Canada lifted their price target on Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, KeyCorp reiterated an “overweight” rating and set a $118.00 price target on shares of Pegasystems in a report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.36.

Pegasystems Trading Down 0.3 %

Shares of NASDAQ PEGA opened at $85.02 on Thursday. Pegasystems has a one year low of $54.55 and a one year high of $113.67. The firm has a market capitalization of $7.29 billion, a PE ratio of 62.06 and a beta of 1.11. The business has a 50-day moving average price of $99.29 and a two-hundred day moving average price of $83.74.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.20). Pegasystems had a return on equity of 37.83% and a net margin of 8.29%. Research analysts anticipate that Pegasystems will post 1.63 EPS for the current year.

Insiders Place Their Bets

In other Pegasystems news, insider Leon Trefler sold 752 shares of Pegasystems stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $93.83, for a total value of $70,560.16. Following the transaction, the insider now directly owns 37,973 shares of the company’s stock, valued at $3,563,006.59. The trade was a 1.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kenneth Stillwell sold 2,000 shares of Pegasystems stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $94.60, for a total value of $189,200.00. Following the completion of the transaction, the chief financial officer now directly owns 15,400 shares in the company, valued at approximately $1,456,840. This represents a 11.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,003 shares of company stock valued at $1,346,086 in the last three months. Company insiders own 50.10% of the company’s stock.

Institutional Trading of Pegasystems

Several institutional investors have recently modified their holdings of the company. Treasurer of the State of North Carolina grew its holdings in shares of Pegasystems by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 19,597 shares of the technology company’s stock worth $1,826,000 after purchasing an additional 120 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Pegasystems by 2.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,875 shares of the technology company’s stock valued at $548,000 after buying an additional 139 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Pegasystems by 1.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,401 shares of the technology company’s stock valued at $783,000 after buying an additional 141 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Pegasystems by 85.6% in 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. Finally, Arizona State Retirement System boosted its stake in Pegasystems by 1.2% in the 4th quarter. Arizona State Retirement System now owns 12,394 shares of the technology company’s stock valued at $1,155,000 after buying an additional 152 shares in the last quarter. Institutional investors and hedge funds own 46.89% of the company’s stock.

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.