Pegasystems (PEGA) Earns News Sentiment Score of 0.19

Press coverage about Pegasystems (NASDAQ:PEGA) has been trending somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pegasystems earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.6168033199447 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

A number of brokerages recently weighed in on PEGA. BidaskClub downgraded shares of Pegasystems from a “buy” rating to a “hold” rating in a research report on Friday, May 11th. Zacks Investment Research downgraded shares of Pegasystems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Benchmark increased their price objective on shares of Pegasystems from $67.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, March 12th. Wedbush restated an “outperform” rating and set a $61.85 price objective (down previously from $73.00) on shares of Pegasystems in a research report on Friday, March 16th. Finally, TheStreet upgraded shares of Pegasystems from a “c+” rating to a “b” rating in a research report on Wednesday, March 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. Pegasystems currently has an average rating of “Buy” and a consensus price target of $64.98.

Pegasystems opened at $60.20 on Wednesday, according to Marketbeat. Pegasystems has a 1-year low of $45.40 and a 1-year high of $67.95. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 273.64, a price-to-earnings-growth ratio of 12.68 and a beta of 1.08.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Thursday, May 10th. The technology company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.07). Pegasystems had a return on equity of 3.62% and a net margin of 2.12%. The business had revenue of $235.18 million during the quarter, compared to the consensus estimate of $228.97 million. During the same quarter in the previous year, the business posted $0.66 earnings per share. The firm’s revenue was down 8.2% on a year-over-year basis. sell-side analysts predict that Pegasystems will post 0.61 EPS for the current fiscal year.

In other Pegasystems news, CFO Kenneth Stillwell sold 1,294 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $55.68, for a total value of $72,049.92. Following the transaction, the chief financial officer now directly owns 3,500 shares in the company, valued at $194,880. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Douglas I. Kra sold 14,897 shares of the stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $61.39, for a total transaction of $914,526.83. The disclosure for this sale can be found here. Insiders sold 42,018 shares of company stock worth $2,562,854 over the last quarter. Insiders own 52.85% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Pegasystems (NASDAQ:PEGA)

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