Pegasystems Inc. (NASDAQ:PEGA) VP Efstathios A. Kouninis sold 500 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $65.50, for a total value of $32,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
NASDAQ PEGA traded up $0.07 on Friday, reaching $65.25. 376,483 shares of the stock traded hands, compared to its average volume of 376,894. The firm has a market cap of $5.10 billion, a P/E ratio of 3,251.50 and a beta of 1.39. Pegasystems Inc. has a 12 month low of $43.21 and a 12 month high of $67.95.
Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings results on Wednesday, February 20th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.20. The firm had revenue of $256.36 million during the quarter, compared to analyst estimates of $252.71 million. Pegasystems had a return on equity of 0.34% and a net margin of 1.19%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS. On average, analysts predict that Pegasystems Inc. will post -0.28 EPS for the current year.
Large investors have recently made changes to their positions in the company. FMR LLC lifted its position in shares of Pegasystems by 6.7% during the 3rd quarter. FMR LLC now owns 1,000,499 shares of the technology company’s stock valued at $62,631,000 after acquiring an additional 62,385 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Pegasystems by 10.8% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 177,381 shares of the technology company’s stock valued at $11,104,000 after acquiring an additional 17,356 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Pegasystems during the 3rd quarter valued at $122,000. Crestline Management LP lifted its position in shares of Pegasystems by 34.8% during the 3rd quarter. Crestline Management LP now owns 110,093 shares of the technology company’s stock valued at $6,892,000 after acquiring an additional 28,449 shares during the last quarter. Finally, Xact Kapitalforvaltning AB lifted its position in shares of Pegasystems by 92.3% during the 4th quarter. Xact Kapitalforvaltning AB now owns 11,044 shares of the technology company’s stock valued at $528,000 after acquiring an additional 5,300 shares during the last quarter. Institutional investors own 47.38% of the company’s stock.
A number of equities analysts have issued reports on PEGA shares. Wedbush reaffirmed an “outperform” rating and set a $84.00 price target (up from $80.00) on shares of Pegasystems in a research note on Wednesday, February 27th. BidaskClub raised Pegasystems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 27th. Zacks Investment Research raised Pegasystems from a “strong sell” rating to a “hold” rating and set a $67.00 price target for the company in a research note on Tuesday, February 19th. Finally, ValuEngine raised Pegasystems from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 30th. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $74.33.
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. 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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