Pegasystems Inc. (NASDAQ:PEGA) Given Consensus Recommendation of “Hold” by Analysts

Shares of Pegasystems Inc. (NASDAQ:PEGAGet Free Report) have been assigned a consensus rating of “Hold” from the thirteen analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $50.10.

PEGA has been the topic of several research reports. Barclays restated an “overweight” rating and set a $39.00 price objective (down from $48.00) on shares of Pegasystems in a report on Thursday, July 23rd. Citizens Jmp cut shares of Pegasystems from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 22nd. DA Davidson set a $32.00 price target on Pegasystems and gave the company a “buy” rating in a research note on Friday, July 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Pegasystems in a report on Tuesday, September 1st. Finally, Zacks Research downgraded Pegasystems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 25th.

Get Our Latest Stock Analysis on PEGA

Insiders Place Their Bets

In related news, CAO Efstathios Kouninis sold 1,063 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $38.75, for a total value of $41,191.25. Following the completion of the sale, the chief accounting officer directly owned 1,164 shares of the company’s stock, valued at approximately $45,105. This represents a 47.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kerim Akgonul sold 3,000 shares of Pegasystems stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $33.99, for a total transaction of $101,970.00. Following the transaction, the insider directly owned 108,049 shares in the company, valued at $3,672,585.51. This represents a 2.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 4,813 shares of company stock valued at $167,394 over the last three months. 48.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Pegasystems

Several hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC boosted its holdings in Pegasystems by 1.4% in the third quarter. NewEdge Advisors LLC now owns 13,652 shares of the technology company’s stock valued at $785,000 after acquiring an additional 189 shares in the last quarter. Amundi lifted its position in shares of Pegasystems by 0.6% in the 4th quarter. Amundi now owns 39,881 shares of the technology company’s stock worth $2,382,000 after purchasing an additional 249 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Pegasystems by 3.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,378 shares of the technology company’s stock worth $500,000 after purchasing an additional 272 shares during the period. State of Michigan Retirement System boosted its stake in shares of Pegasystems by 1.4% during the 1st quarter. State of Michigan Retirement System now owns 22,000 shares of the technology company’s stock valued at $936,000 after purchasing an additional 300 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Pegasystems by 96.5% during the 4th quarter. Fifth Third Bancorp now owns 617 shares of the technology company’s stock valued at $37,000 after purchasing an additional 303 shares in the last quarter. Institutional investors own 46.89% of the company’s stock.

Pegasystems Price Performance

Shares of PEGA opened at $36.24 on Monday. The stock has a 50-day moving average of $32.73 and a 200-day moving average of $36.04. The company has a market cap of $5.96 billion, a PE ratio of 20.47 and a beta of 0.89. Pegasystems has a one year low of $25.10 and a one year high of $68.10.

Pegasystems (NASDAQ:PEGAGet Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The technology company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). Pegasystems had a return on equity of 32.21% and a net margin of 18.66%.The firm had revenue of $420.72 million for the quarter, compared to analyst estimates of $427.38 million. During the same period last year, the company posted $0.28 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Analysts expect that Pegasystems will post 1.66 EPS for the current fiscal year.

Pegasystems Company Profile

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Pegasystems Inc develops enterprise software for customer engagement, workflow automation and business process management. Its solutions help organizations manage customer service, sales, marketing, operations and back-office processes across digital and traditional channels.

The company’s product portfolio includes Pega Platform, a low-code application development and automation platform; Pega Customer Service and Pega Sales; Pega Customer Decision Hub for real-time, personalized customer engagement; and tools for case management, robotic process automation and artificial intelligence.

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Analyst Recommendations for Pegasystems (NASDAQ:PEGA)

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