Pegasystems (PEGA) Earns Coverage Optimism Rating of 0.05

Press coverage about Pegasystems (NASDAQ:PEGA) has trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pegasystems earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 45.2915175883601 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Shares of Pegasystems (NASDAQ:PEGA) opened at $48.25 on Friday. The stock has a market capitalization of $3,760.00, a P/E ratio of 81.78 and a beta of 1.25. Pegasystems has a 52 week low of $35.35 and a 52 week high of $64.85.

Pegasystems (NASDAQ:PEGA) last issued its earnings results on Wednesday, November 8th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The business had revenue of $179.80 million during the quarter, compared to analyst estimates of $200.15 million. Pegasystems had a return on equity of 9.86% and a net margin of 5.67%. Pegasystems’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 earnings per share. analysts predict that Pegasystems will post 0.26 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.25%. The ex-dividend date is Friday, December 29th. Pegasystems’s dividend payout ratio is currently 20.34%.

Several research analysts have recently commented on PEGA shares. Zacks Investment Research lowered Pegasystems from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. TheStreet lowered Pegasystems from a “b-” rating to a “c” rating in a report on Wednesday, November 22nd. Finally, BidaskClub raised Pegasystems from a “strong sell” rating to a “sell” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Pegasystems has a consensus rating of “Hold” and a consensus price target of $63.00.

In other Pegasystems news, SVP Douglas I. Kra sold 1,189 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $57.82, for a total value of $68,747.98. Following the completion of the sale, the senior vice president now owns 25,668 shares of the company’s stock, valued at $1,484,123.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kenneth Stillwell sold 3,978 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $57.83, for a total value of $230,047.74. Following the completion of the sale, the chief financial officer now directly owns 5,094 shares of the company’s stock, valued at approximately $294,586.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,406 shares of company stock valued at $655,510. 53.61% of the stock is owned by insiders.

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About Pegasystems

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.

Insider Buying and Selling by Quarter for Pegasystems (NASDAQ:PEGA)

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