According to Zacks, “Pegasystems Inc. is a leading provider of Customer Relationship Management software that enables transaction-intensive organizations to manage a broad array of customer interactions. Their software enables organizations to deliver high-quality, consistent customer service across today’s preferred interaction channels, from the traditional call center environment to Internet self-service. The company’s customers represent a wide range of industries, including banking and financial services, insurance, healthcare management, and telecommunications. “
A number of other equities analysts also recently weighed in on PEGA. Wedbush reaffirmed an outperform rating and set a $32.00 price target on shares of Pegasystems in a research report on Tuesday, September 20th. TheStreet downgraded Pegasystems from a buy rating to a hold rating in a research report on Friday, August 26th. Finally, JMP Securities reaffirmed a buy rating on shares of Pegasystems in a research report on Wednesday, June 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $30.67.
Shares of Pegasystems (NASDAQ:PEGA) opened at 29.66 on Wednesday. The firm has a market cap of $2.26 billion, a P/E ratio of 58.16 and a beta of 1.70. Pegasystems has a 52 week low of $20.38 and a 52 week high of $30.23. The stock has a 50 day moving average of $27.56 and a 200 day moving average of $26.73.
Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data 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. Pegasystems had a return on equity of 16.25% and a net margin of 5.44%. The business earned $189 million during the quarter, compared to analyst estimates of $185.19 million. During the same period in the previous year, the firm earned $0.14 EPS. Pegasystems’s quarterly revenue was up 16.7% compared to the same quarter last year. Equities analysts forecast that Pegasystems will post $0.91 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date is Thursday, September 29th. Pegasystems’s dividend payout ratio is currently 24.00%.
In other news, Director Richard H. Jones sold 900 shares of the company’s stock in a transaction that occurred on Thursday, July 14th. The stock was sold at an average price of $28.47, for a total transaction of $25,623.00. Following the sale, the director now owns 627,642 shares in the company, valued at approximately $17,868,967.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William W. Wyman sold 16,700 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $27.91, for a total value of $466,097.00. Following the sale, the director now owns 16,741 shares in the company, valued at approximately $467,241.31. The disclosure for this sale can be found here. Insiders own 53.44% of the company’s stock.
Large investors have recently made changes to their positions in the company. TIAA CREF Investment Management LLC boosted its stake in shares of Pegasystems by 40.3% in the first quarter. TIAA CREF Investment Management LLC now owns 245,518 shares of the company’s stock worth $6,231,000 after buying an additional 70,515 shares in the last quarter. Teachers Advisors Inc. boosted its stake in Pegasystems by 2.0% in the first quarter. Teachers Advisors Inc. now owns 52,697 shares of the company’s stock worth $1,337,000 after buying an additional 1,049 shares during the period. Prudential Financial Inc. boosted its stake in Pegasystems by 3.3% in the first quarter. Prudential Financial Inc. now owns 240,630 shares of the company’s stock worth $6,107,000 after buying an additional 7,600 shares during the period. Algert Global LLC acquired a new stake in Pegasystems during the first quarter worth $244,000. Finally, BlackRock Group LTD boosted its stake in Pegasystems by 40.1% in the first quarter. BlackRock Group LTD now owns 37,858 shares of the company’s stock worth $961,000 after buying an additional 10,833 shares during the period. Institutional investors own 41.74% of the company’s stock.
Pegasystems Company Profile
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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