Pegasystems Inc. (NASDAQ:PEGA) VP Efstathios A. Kouninis sold 500 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $65.50, for a total value of $32,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NASDAQ PEGA traded up $0.07 during mid-day trading on Friday, reaching $65.25. The company had a trading volume of 376,258 shares, compared to its average volume of 376,894. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 3,251.50 and a beta of 1.39. Pegasystems Inc. has a 1-year low of $43.21 and a 1-year high of $67.95.
Pegasystems (NASDAQ:PEGA) last issued its earnings results on Wednesday, February 20th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.20. The business had revenue of $256.36 million for the quarter, compared to analysts’ expectations of $252.71 million. Pegasystems had a return on equity of 0.34% and a net margin of 1.19%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. As a group, sell-side analysts expect that Pegasystems Inc. will post -0.28 EPS for the current year.
A number of research firms have recently commented on PEGA. BidaskClub raised Pegasystems from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. Wedbush reissued an “outperform” rating and issued a $84.00 price objective (up previously from $80.00) on shares of Pegasystems in a research note on Wednesday, February 27th. ValuEngine raised Pegasystems from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 30th. Finally, Zacks Investment Research raised Pegasystems from a “strong sell” rating to a “hold” rating and set a $67.00 price objective on the stock in a research note on Tuesday, February 19th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $74.33.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc grew its holdings in shares of Pegasystems by 2.7% in the 3rd quarter. Vanguard Group Inc now owns 3,401,811 shares of the technology company’s stock worth $212,953,000 after acquiring an additional 90,839 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Pegasystems by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,401,811 shares of the technology company’s stock worth $212,953,000 after acquiring an additional 90,839 shares during the last quarter. SQN Investors LP grew its holdings in shares of Pegasystems by 27.8% in the 4th quarter. SQN Investors LP now owns 2,117,903 shares of the technology company’s stock worth $101,299,000 after acquiring an additional 460,938 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Pegasystems by 2.0% in the 4th quarter. BlackRock Inc. now owns 1,732,682 shares of the technology company’s stock worth $82,876,000 after acquiring an additional 34,732 shares during the last quarter. Finally, Standard Life Aberdeen plc grew its holdings in shares of Pegasystems by 63.0% in the 3rd quarter. Standard Life Aberdeen plc now owns 1,238,757 shares of the technology company’s stock worth $77,608,000 after acquiring an additional 478,916 shares during the last quarter. Institutional investors and hedge funds own 47.38% of the company’s stock.
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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. The company offers customer engagement applications, including Pega Marketing that enable enterprises to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega sales automation to automate and manage the sales process; and Pega customer service to anticipate customer needs, connect customers, the right people and systems, and automate customer interactions to evolve the customer service experience and to allow enterprises to deliver interactions across channels and enhance employee productivity.
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