Pegasystems (NASDAQ:PEGA) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Wednesday, BidAskClub reports.

Several other research analysts have also recently commented on the stock. ValuEngine cut shares of Pegasystems from a “buy” rating to a “hold” rating in a research report on Tuesday. DA Davidson increased their price objective on Pegasystems to $95.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Zacks Investment Research lowered Pegasystems from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. Finally, Wedbush raised their target price on Pegasystems from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $82.67.

PEGA stock traded up $0.50 during mid-day trading on Wednesday, reaching $77.76. The company had a trading volume of 4,739 shares, compared to its average volume of 320,974. Pegasystems has a one year low of $43.21 and a one year high of $79.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.45 and a current ratio of 1.45. The stock’s 50-day simple moving average is $75.54 and its two-hundred day simple moving average is $73.16.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Thursday, November 7th. The technology company reported ($0.23) EPS for the quarter, hitting the consensus estimate of ($0.23). The business had revenue of $216.70 million during the quarter, compared to analyst estimates of $216.68 million. Pegasystems had a negative net margin of 8.41% and a negative return on equity of 14.16%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 earnings per share. On average, research analysts predict that Pegasystems will post -0.92 EPS for the current year.

In other Pegasystems news, Director Richard H. Jones sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $68.55, for a total transaction of $205,650.00. Following the sale, the director now directly owns 299,544 shares in the company, valued at approximately $20,533,741.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard H. Jones sold 7,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $77.27, for a total transaction of $540,890.00. Following the sale, the director now owns 299,544 shares in the company, valued at $23,145,764.88. The disclosure for this sale can be found here. Insiders sold a total of 48,648 shares of company stock valued at $3,612,376 in the last quarter. 52.37% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors acquired a new position in shares of Pegasystems during the 2nd quarter valued at $32,000. Cutler Group LP acquired a new stake in Pegasystems in the 2nd quarter valued at about $43,000. Steward Partners Investment Advisory LLC bought a new position in shares of Pegasystems during the 2nd quarter valued at about $53,000. Tower Research Capital LLC TRC boosted its position in shares of Pegasystems by 352.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 977 shares of the technology company’s stock valued at $70,000 after purchasing an additional 761 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in shares of Pegasystems by 1,102.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,094 shares of the technology company’s stock valued at $78,000 after purchasing an additional 1,003 shares in the last quarter. Institutional investors and hedge funds own 45.59% of the company’s stock.

Pegasystems Company Profile

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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Analyst Recommendations for Pegasystems (NASDAQ:PEGA)

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