Weekly Research Analysts’ Ratings Changes for Pegasystems (PEGA)

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A number of firms have modified their ratings and price targets on shares of Pegasystems (NASDAQ: PEGA) recently:

  • 5/14/2019 – Pegasystems was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. 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. “
  • 5/9/2019 – Pegasystems was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 5/8/2019 – Pegasystems had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $90.00 price target on the stock, up previously from $84.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 5/8/2019 – Pegasystems had its price target raised by analysts at JMP Securities from $72.00 to $81.00. They now have a “market outperform” rating on the stock.
  • 5/8/2019 – Pegasystems had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $80.00 price target on the stock, up previously from $72.00.
  • 5/7/2019 – Pegasystems had its price target raised by analysts at UBS Group AG to $78.00. They now have an “overweight” rating on the stock.
  • 5/2/2019 – Pegasystems was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 5/1/2019 – Pegasystems was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 4/10/2019 – Pegasystems had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $66.86 price target on the stock.
  • 4/3/2019 – Pegasystems was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 3/22/2019 – Pegasystems was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.
  • 3/21/2019 – Pegasystems was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Shares of Pegasystems stock opened at $70.26 on Thursday. Pegasystems Inc. has a 1 year low of $43.21 and a 1 year high of $76.49. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.86 and a current ratio of 1.86.

Pegasystems (NASDAQ:PEGA) last announced its earnings results on Tuesday, May 7th. The technology company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.24). Pegasystems had a negative net margin of 3.49% and a negative return on equity of 4.85%. The company had revenue of $212.50 million for the quarter, compared to the consensus estimate of $237.63 million. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was down 9.7% compared to the same quarter last year. Analysts forecast that Pegasystems Inc. will post -0.7 EPS for the current year.

In other Pegasystems news, CAO Efstathios A. Kouninis sold 465 shares of Pegasystems stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $65.50, for a total transaction of $30,457.50. Following the completion of the sale, the chief accounting officer now directly owns 1,527 shares in the company, valued at $100,018.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Larry Weber sold 1,000 shares of Pegasystems stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $65.99, for a total transaction of $65,990.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,903 shares of company stock valued at $3,456,274. 52.85% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in shares of Pegasystems by 2.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 162,607 shares of the technology company’s stock worth $10,179,000 after purchasing an additional 3,557 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Pegasystems by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 3,401,811 shares of the technology company’s stock worth $212,953,000 after purchasing an additional 90,839 shares during the last quarter. Strs Ohio acquired a new position in shares of Pegasystems during the 4th quarter worth about $289,000. We Are One Seven LLC acquired a new position in shares of Pegasystems during the 4th quarter worth about $140,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Pegasystems by 22.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,725 shares of the technology company’s stock worth $130,000 after purchasing an additional 495 shares during the last quarter. Hedge funds and other institutional investors own 47.32% of the company’s stock.

Pegasystems Inc develops, markets, licenses, and supports enterprise software applications in the United States, India, and internationally. It provides Pega Platform, an application development product for clients; and Pega Infinity, a software platform that unifies customer engagement and digital process automation.

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