Pegasystems Inc. (NASDAQ:PEGA) Director Sharon T. Rowlands purchased 5,000 shares of the stock in a transaction on Monday, November 13th. The shares were bought at an average cost of $52.13 per share, for a total transaction of $260,650.00. Following the transaction, the director now directly owns 11,395 shares in the company, valued at $594,021.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Pegasystems Inc. (NASDAQ PEGA) traded down $0.70 during mid-day trading on Friday, hitting $51.65. The company had a trading volume of 256,789 shares, compared to its average volume of 332,644. The firm has a market cap of $4,080.00, a price-to-earnings ratio of 120.35 and a beta of 1.35. Pegasystems Inc. has a 1-year low of $34.05 and a 1-year high of $64.85.
Pegasystems (NASDAQ:PEGA) last posted its earnings results on Wednesday, November 8th. The technology company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $179.80 million for the quarter, compared to analyst estimates of $200.15 million. Pegasystems had a return on equity of 9.86% and a net margin of 5.67%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 EPS. sell-side analysts predict that Pegasystems Inc. will post 0.26 EPS for the current fiscal year.
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Several research analysts have weighed in on the company. Zacks Investment Research lowered Pegasystems from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Mitsubishi UFJ Financial Group set a $57.00 target price on Pegasystems and gave the stock a “buy” rating in a report on Thursday, August 10th. Finally, BidaskClub lowered Pegasystems from a “buy” rating to a “hold” rating in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $63.00.
Several hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can increased its holdings in shares of Pegasystems by 1.3% during the 2nd quarter. Bank of Montreal Can now owns 4,785 shares of the technology company’s stock worth $280,000 after acquiring an additional 62 shares during the last quarter. Legal & General Group Plc boosted its stake in Pegasystems by 1.1% in the 2nd quarter. Legal & General Group Plc now owns 14,206 shares of the technology company’s stock valued at $830,000 after purchasing an additional 155 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Pegasystems by 2.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,432 shares of the technology company’s stock valued at $1,717,000 after purchasing an additional 587 shares during the period. ING Groep NV boosted its stake in Pegasystems by 3.3% in the 2nd quarter. ING Groep NV now owns 25,914 shares of the technology company’s stock valued at $1,512,000 after purchasing an additional 839 shares during the period. Finally, Voya Investment Management LLC boosted its stake in Pegasystems by 6.2% in the 2nd quarter. Voya Investment Management LLC now owns 17,380 shares of the technology company’s stock valued at $1,014,000 after purchasing an additional 1,010 shares during the period. 44.45% of the stock is currently owned by institutional investors and hedge funds.
Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.
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