Pegasystems Inc. (NASDAQ:PEGA) SVP Douglas I. Kra sold 6,502 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $74.05, for a total value of $481,473.10. Following the sale, the senior vice president now directly owns 50,145 shares of the company’s stock, valued at $3,713,237.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NASDAQ:PEGA opened at $74.49 on Friday. Pegasystems Inc. has a 1-year low of $43.21 and a 1-year high of $79.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.45 and a quick ratio of 1.45. The business’s fifty day moving average price is $73.69 and its 200 day moving average price is $72.70.
Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported ($0.23) earnings per share for the quarter, meeting the consensus estimate of ($0.23). The firm had revenue of $216.70 million for the quarter, compared to analyst estimates of $216.68 million. Pegasystems had a negative return on equity of 14.16% and a negative net margin of 8.41%. Pegasystems’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.04 earnings per share. Analysts predict that Pegasystems Inc. will post -0.92 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of PEGA. Carroll Financial Associates Inc. acquired a new position in Pegasystems during the second quarter valued at $108,000. Scout Investments Inc. increased its position in Pegasystems by 64.9% in the 2nd quarter. Scout Investments Inc. now owns 158,247 shares of the technology company’s stock worth $11,269,000 after purchasing an additional 62,284 shares during the last quarter. Riverbridge Partners LLC increased its position in Pegasystems by 36.9% in the 2nd quarter. Riverbridge Partners LLC now owns 1,065,549 shares of the technology company’s stock worth $75,878,000 after purchasing an additional 287,448 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in Pegasystems in the 2nd quarter worth about $228,000. Finally, Landsberg Bennett & Dubbaneh LLC acquired a new position in Pegasystems in the 2nd quarter worth about $2,313,000. 46.94% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently commented on PEGA. Benchmark upped their target price on Pegasystems from $80.00 to $88.00 and gave the company a “buy” rating in a report on Friday, November 8th. Wedbush upped their price target on Pegasystems from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. BidaskClub raised Pegasystems from a “sell” rating to a “hold” rating in a research report on Friday, October 4th. ValuEngine raised Pegasystems from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, Zacks Investment Research lowered Pegasystems from a “hold” rating to a “sell” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $81.80.
Pegasystems Company Profile
Pegasystems Inc develops, markets, licenses, and supports enterprise software applications in the United States, India, and internationally. It provides Pega Platform, an application development product for clients; and Pega Infinity, a software platform that unifies customer engagement and digital process automation.
Recommended Story: What Factors Can Affect Return on Equity?
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.