Pegasystems (NASDAQ:PEGA) VP Michael R. Pyle sold 8,000 shares of the business’s stock in a transaction on Thursday, April 5th. The shares were sold at an average price of $60.20, for a total value of $481,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NASDAQ PEGA opened at $63.30 on Thursday. Pegasystems has a 1-year low of $44.40 and a 1-year high of $64.85. The stock has a market cap of $4,955.41, a price-to-earnings ratio of 151.07 and a beta of 1.05.
Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings results on Monday, February 26th. The technology company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.12. The company had revenue of $239.54 million for the quarter, compared to the consensus estimate of $208.48 million. Pegasystems had a return on equity of 9.68% and a net margin of 3.92%. Pegasystems’s revenue was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.20 EPS. equities analysts expect that Pegasystems will post 0.72 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Monday, April 2nd were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, March 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.19%. Pegasystems’s dividend payout ratio is currently 54.55%.
PEGA has been the topic of several research analyst reports. BidaskClub downgraded Pegasystems from a “sell” rating to a “strong sell” rating in a report on Friday, January 26th. ValuEngine upgraded Pegasystems from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. UBS restated an “overweight” rating and set a $65.00 price target on shares of Pegasystems in a report on Tuesday, February 27th. Wedbush restated an “outperform” rating and set a $61.85 price target (down previously from $73.00) on shares of Pegasystems in a report on Friday, March 16th. Finally, Benchmark upped their price target on Pegasystems from $67.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, March 12th. Eight equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of $63.81.
Several large investors have recently added to or reduced their stakes in the company. Prudential Financial Inc. boosted its position in shares of Pegasystems by 36.5% during the 3rd quarter. Prudential Financial Inc. now owns 6,410 shares of the technology company’s stock worth $370,000 after acquiring an additional 1,714 shares in the last quarter. Swiss National Bank boosted its position in shares of Pegasystems by 2.8% during the 4th quarter. Swiss National Bank now owns 66,100 shares of the technology company’s stock worth $3,117,000 after acquiring an additional 1,800 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Pegasystems by 58.0% during the 3rd quarter. Great West Life Assurance Co. Can now owns 4,935 shares of the technology company’s stock worth $282,000 after acquiring an additional 1,811 shares in the last quarter. American International Group Inc. boosted its position in shares of Pegasystems by 8.1% during the 3rd quarter. American International Group Inc. now owns 24,578 shares of the technology company’s stock worth $1,417,000 after acquiring an additional 1,838 shares in the last quarter. Finally, Virtu Financial LLC boosted its position in shares of Pegasystems by 47.2% during the 4th quarter. Virtu Financial LLC now owns 5,816 shares of the technology company’s stock worth $274,000 after acquiring an additional 1,865 shares in the last quarter. 47.76% of the stock is owned by institutional investors and hedge funds.
Pegasystems Company Profile
Pegasystems Inc develops, markets, licenses, and supports software applications for marketing, sales automation, customer service, and operations in the United States and internationally. It provides Pega Platform, an application development product for clients to build and extend their own applications.
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