Pegasystems Inc. (NASDAQ:PEGA) Director Richard H. Jones sold 1,200 shares of Pegasystems stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $28.18, for a total transaction of $33,816.00. Following the completion of the transaction, the director now owns 616,260 shares in the company, valued at $17,366,206.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Pegasystems Inc. (NASDAQ:PEGA) opened at 29.27 on Monday. Pegasystems Inc. has a 1-year low of $20.38 and a 1-year high of $30.23. The stock’s 50 day moving average price is $26.47 and its 200 day moving average price is $26.42. The firm has a market cap of $2.23 billion, a P/E ratio of 57.39 and a beta of 1.88.
Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.04. The business had revenue of $189 million for the quarter, compared to analyst estimates of $185.19 million. Pegasystems had a return on equity of 16.25% and a net margin of 5.44%. The business’s revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 EPS. Equities research analysts predict that Pegasystems Inc. will post $0.91 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be paid a dividend of $0.03 per share. The ex-dividend date is Thursday, September 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.41%. Pegasystems’s payout ratio is currently 24.00%.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Pegasystems from a “hold” rating to a “sell” rating in a research report on Saturday, August 6th. Wedbush reiterated an “outperform” rating and issued a $32.00 price objective (down from $34.00) on shares of Pegasystems in a research report on Thursday, August 4th. JMP Securities reiterated a “buy” rating on shares of Pegasystems in a research report on Wednesday, June 8th. Finally, TheStreet lowered shares of Pegasystems from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $30.67.
Hedge funds and other institutional investors have recently modified their holdings of the company. Ranger Investment Management L.P. bought a new position in shares of Pegasystems during the second quarter worth approximately $21,009,000. Norges Bank bought a new position in shares of Pegasystems during the fourth quarter worth approximately $11,989,000. Monarch Partners Asset Management LLC bought a new position in shares of Pegasystems during the second quarter worth approximately $10,549,000. Polar Capital LLP bought a new position in shares of Pegasystems during the second quarter worth approximately $10,462,000. Finally, FMR LLC increased its position in shares of Pegasystems by 18.1% in the second quarter. FMR LLC now owns 1,518,245 shares of the company’s stock worth $40,917,000 after buying an additional 232,745 shares during the last quarter. Hedge funds and other institutional investors own 41.74% of the company’s stock.
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 7 platform. Its software is designed to assist clients in building, deploying, and evolving enterprise applications.
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