News coverage about Pegasystems (NASDAQ:PEGA) has trended positive on Friday, according to AlphaOne Sentiment. The research group, a unit of Accern, identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pegasystems earned a media sentiment score of 0.27 on AlphaOne’s scale. AlphaOne also gave news stories about the technology company an impact score of 50 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have effected Alpha One Sentiment’s analysis:
- Pegasystems Inc. (PEGA) Rating Reiterated by Wedbush (americanbankingnews.com)
- Pegasystems Inc. (PEGA) Director Richard H. Jones Sells 19,600 Shares (americanbankingnews.com)
- 28.3% Return Seen to Date on SmarTrend Pegasystems Call (PEGA) (mysmartrend.com)
- Pegasystems (PEGA) Stock Gains on Q1 Earnings & Revenue Beat (finance.yahoo.com)
- Pegasystems, Inc.: Strong price momentum but will it sustain? (finance.yahoo.com)
A number of brokerages recently weighed in on PEGA. Wedbush reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Pegasystems in a research note on Friday. TheStreet raised shares of Pegasystems from a “c+” rating to a “b” rating in a report on Friday, February 24th. Benchmark Co. raised shares of Pegasystems from a “hold” rating to a “buy” rating and upped their target price for the company from $34.00 to $52.00 in a report on Tuesday, March 7th. Zacks Investment Research cut shares of Pegasystems from a “hold” rating to a “sell” rating in a report on Thursday, March 2nd. Finally, Sidoti cut shares of Pegasystems from a “buy” rating to a “neutral” rating in a report on Tuesday, January 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $47.75.
Pegasystems (NASDAQ:PEGA) traded up 1.43% during midday trading on Friday, reaching $56.75. 149,933 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $46.76 and a 200 day moving average price of $40.34. Pegasystems has a 12-month low of $24.71 and a 12-month high of $58.40. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 104.13 and a beta of 1.63.
Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, May 10th. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.23 by $0.16. The company had revenue of $223.20 million during the quarter, compared to analyst estimates of $200.52 million. Pegasystems had a net margin of 4.77% and a return on equity of 15.13%. Pegasystems’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 earnings per share. On average, analysts expect that Pegasystems will post $1.06 EPS for the current fiscal year.
In other news, Director Richard H. Jones sold 19,600 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $55.65, for a total transaction of $1,090,740.00. Following the sale, the director now owns 569,769 shares in the company, valued at $31,707,644.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Douglas I. Kra sold 18,395 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $42.95, for a total value of $790,065.25. Following the completion of the sale, the senior vice president now owns 24,209 shares in the company, valued at approximately $1,039,776.55. The disclosure for this sale can be found here. Insiders have sold 54,475 shares of company stock valued at $2,611,488 over the last three months. Insiders own 53.44% 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 platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.
Receive News & Ratings for Pegasystems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pegasystems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.