Pegasystems Inc. (NASDAQ:PEGA – Get Free Report) insider Rifat Kerim Akgonul sold 2,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $72.25, for a total transaction of $144,500.00. Following the completion of the transaction, the insider now owns 56,534 shares in the company, valued at approximately $4,084,581.50. This trade represents a 3.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Pegasystems Stock Performance
Shares of PEGA stock opened at $71.99 on Friday. The firm’s 50-day simple moving average is $92.11 and its two-hundred day simple moving average is $85.35. Pegasystems Inc. has a 52 week low of $54.55 and a 52 week high of $113.67. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 71.28 and a beta of 1.25.
Pegasystems (NASDAQ:PEGA – Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.20). Pegasystems had a net margin of 6.63% and a return on equity of 32.09%. Analysts forecast that Pegasystems Inc. will post 1.89 earnings per share for the current year.
Hedge Funds Weigh In On Pegasystems
Analysts Set New Price Targets
PEGA has been the subject of a number of recent research reports. KeyCorp reissued an “overweight” rating and issued a $118.00 price objective on shares of Pegasystems in a report on Tuesday, January 14th. Rosenblatt Securities boosted their price objective on shares of Pegasystems from $95.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Barclays cut their price target on shares of Pegasystems from $103.00 to $97.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. StockNews.com downgraded shares of Pegasystems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Finally, Royal Bank of Canada upped their price target on shares of Pegasystems from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Pegasystems presently has a consensus rating of “Moderate Buy” and an average target price of $99.36.
Read Our Latest Stock Analysis on Pegasystems
Pegasystems Company Profile
Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients’ processes and workflows.
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