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

Shares of Pegasystems Inc. (NASDAQ:PEGA) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $73.50.

A number of equities research analysts have issued reports on PEGA shares. Royal Bank of Canada reissued an “outperform” rating and set a $77.00 price target on shares of Pegasystems in a research report on Tuesday, June 11th. JMP Securities restated a “market perform” rating on shares of Pegasystems in a research note on Wednesday, June 12th. Barclays boosted their price objective on Pegasystems from $66.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Rosenblatt Securities restated a “buy” rating and set a $75.00 price objective on shares of Pegasystems in a research note on Tuesday, April 23rd. Finally, Citigroup reduced their price objective on Pegasystems from $87.00 to $82.00 and set a “buy” rating on the stock in a research note on Wednesday.

Insider Buying and Selling

In related news, CFO Kenneth Stillwell sold 1,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $60.00, for a total value of $60,000.00. Following the completion of the sale, the chief financial officer now directly owns 23,951 shares of the company’s stock, valued at $1,437,060. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Kenneth Stillwell sold 1,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $60.00, for a total value of $60,000.00. Following the completion of the sale, the chief financial officer now directly owns 23,951 shares of the company’s stock, valued at $1,437,060. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Leon Trefler sold 752 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $64.20, for a total value of $48,278.40. Following the completion of the sale, the insider now directly owns 39,940 shares of the company’s stock, valued at $2,564,148. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,504 shares of company stock worth $1,010,634. 50.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Pegasystems

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC grew its holdings in shares of Pegasystems by 80.1% during the fourth quarter. Quadrant Capital Group LLC now owns 508 shares of the technology company’s stock valued at $25,000 after purchasing an additional 226 shares during the last quarter. Quent Capital LLC grew its holdings in shares of Pegasystems by 1.8% during the fourth quarter. Quent Capital LLC now owns 12,846 shares of the technology company’s stock valued at $628,000 after purchasing an additional 228 shares during the last quarter. Headlands Technologies LLC grew its holdings in shares of Pegasystems by 64.0% during the first quarter. Headlands Technologies LLC now owns 869 shares of the technology company’s stock valued at $56,000 after purchasing an additional 339 shares during the last quarter. Duality Advisers LP grew its holdings in shares of Pegasystems by 2.7% during the first quarter. Duality Advisers LP now owns 13,690 shares of the technology company’s stock valued at $885,000 after purchasing an additional 363 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in Pegasystems by 219.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock worth $26,000 after buying an additional 364 shares in the last quarter. 46.89% of the stock is owned by institutional investors.

Pegasystems Trading Up 1.4 %

PEGA stock opened at $60.53 on Friday. The stock has a 50-day moving average price of $59.61 and a two-hundred day moving average price of $57.23. Pegasystems has a 12-month low of $37.66 and a 12-month high of $69.26. The company has a market cap of $5.15 billion, a PE ratio of 73.82 and a beta of 1.05.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Pegasystems had a net margin of 5.32% and a return on equity of 45.00%. The firm had revenue of $330.15 million for the quarter, compared to analysts’ expectations of $339.70 million. Equities analysts forecast that Pegasystems will post 1.5 EPS for the current fiscal year.

Pegasystems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend is Monday, July 1st. Pegasystems’s dividend payout ratio (DPR) is 14.63%.

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.