Pegasystems Inc. (NASDAQ:PEGA) VP Michael R. Pyle sold 4,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $49.06, for a total transaction of $196,240.00. Following the completion of the transaction, the vice president now owns 54,343 shares of the company’s stock, valued at approximately $2,666,067.58. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Pegasystems Inc. (NASDAQ:PEGA) traded up $0.65 during trading hours on Friday, hitting $49.65. 474,362 shares of the stock were exchanged, compared to its average volume of 370,410. The firm has a market cap of $3,815.14, a price-to-earnings ratio of 113.95 and a beta of 1.24. Pegasystems Inc. has a 12 month low of $34.05 and a 12 month high of $64.85.
Pegasystems (NASDAQ:PEGA) last issued its quarterly 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 company had revenue of $179.80 million during the quarter, compared to analyst estimates of $200.15 million. Pegasystems had a net margin of 5.67% and a return on equity of 9.86%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 EPS. sell-side analysts expect that Pegasystems Inc. will post 0.26 earnings per share for the current year.
Several large investors have recently modified their holdings of PEGA. Daiwa Securities Group Inc. acquired a new stake in Pegasystems during the second quarter valued at approximately $105,000. Sei Investments Co. lifted its stake in Pegasystems by 4,892.9% during the second quarter. Sei Investments Co. now owns 2,097 shares of the technology company’s stock valued at $122,000 after purchasing an additional 2,055 shares during the last quarter. Citigroup Inc. lifted its stake in Pegasystems by 666.5% during the second quarter. Citigroup Inc. now owns 4,116 shares of the technology company’s stock valued at $240,000 after purchasing an additional 3,579 shares during the last quarter. Amalgamated Bank acquired a new stake in Pegasystems during the second quarter valued at approximately $274,000. Finally, Prudential Financial Inc. acquired a new stake in Pegasystems during the second quarter valued at approximately $274,000. 46.90% of the stock is owned by institutional investors.
Several research analysts have commented on the stock. TheStreet cut shares of Pegasystems from a “b-” rating to a “c” rating in a research report on Wednesday, November 22nd. Zacks Investment Research cut shares of Pegasystems from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $63.00.
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Pegasystems Company Profile
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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