Pegasystems (NASDAQ:PEGA) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Other research analysts have also issued reports about the company. ValuEngine raised Pegasystems from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. TheStreet lowered Pegasystems from a “b” rating to a “c+” rating in a research report on Thursday, May 24th. Zacks Investment Research upgraded Pegasystems from a “sell” rating to a “hold” rating in a research report on Wednesday, June 27th. Finally, Wedbush reiterated an “outperform” rating and issued a $76.00 price target (down previously from $78.00) on shares of Pegasystems in a research report on Monday, August 6th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $69.80.

NASDAQ:PEGA opened at $64.40 on Wednesday. Pegasystems has a 52-week low of $45.40 and a 52-week high of $67.95.

Pegasystems (NASDAQ:PEGA) last released its earnings results on Wednesday, August 8th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.35). The firm had revenue of $196.78 million for the quarter, compared to analyst estimates of $217.24 million. Pegasystems had a positive return on equity of 0.01% and a negative net margin of 0.43%. Pegasystems’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 earnings per share. analysts anticipate that Pegasystems will post 0.13 earnings per share for the current year.

In related news, SVP Leon Trefler sold 3,175 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $63.05, for a total value of $200,183.75. Following the completion of the transaction, the senior vice president now owns 9,889 shares in the company, valued at approximately $623,501.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard H. Jones sold 3,000 shares of the stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $64.00, for a total value of $192,000.00. Following the completion of the transaction, the director now owns 296,395 shares of the company’s stock, valued at approximately $18,969,280. The disclosure for this sale can be found here. Insiders sold a total of 22,863 shares of company stock valued at $1,417,477 in the last quarter. 52.85% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. NumerixS Investment Technologies Inc acquired a new stake in Pegasystems during the 2nd quarter worth about $126,000. We Are One Seven LLC boosted its position in Pegasystems by 787.4% during the 1st quarter. We Are One Seven LLC now owns 3,248 shares of the technology company’s stock worth $197,000 after acquiring an additional 2,882 shares during the period. Global X Management Co LLC boosted its position in Pegasystems by 1,041.1% during the 2nd quarter. Global X Management Co LLC now owns 3,275 shares of the technology company’s stock worth $179,000 after acquiring an additional 2,988 shares during the period. Hsbc Holdings PLC acquired a new stake in Pegasystems during the 1st quarter worth about $218,000. Finally, Granahan Investment Management Inc. MA acquired a new stake in Pegasystems during the 2nd quarter worth about $207,000. Hedge funds and other institutional investors own 45.45% of the company’s stock.

Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses, and supports software applications for marketing, sales automation, customer service, and operations in the United States and internationally. It provides Pega Platform, an application development product for clients to build and extend their own applications.

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