Pegasystems (NASDAQ:PEGA) Reaches New 1-Year Low at $108.85

Pegasystems Inc. (NASDAQ:PEGA) reached a new 52-week low on Thursday . The company traded as low as $108.85 and last traded at $111.95, with a volume of 588 shares. The stock had previously closed at $109.36.

Separately, Barclays lowered their target price on Pegasystems from $145.00 to $140.00 and set an “equal weight” rating for the company in a report on Thursday, October 28th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Pegasystems has a consensus rating of “Buy” and an average price target of $164.75.

The business has a fifty day moving average of $122.19 and a 200 day moving average of $128.43. The company has a market capitalization of $8.94 billion, a PE ratio of -377.55 and a beta of 1.16. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.28.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings data on Wednesday, October 27th. The technology company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.13). The company had revenue of $256.27 million during the quarter, compared to analysts’ expectations of $275.32 million. Pegasystems had a negative net margin of 1.82% and a negative return on equity of 12.96%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.60) EPS. Equities analysts forecast that Pegasystems Inc. will post -0.85 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 15th. Stockholders of record on Friday, October 1st were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.11%. The ex-dividend date was Thursday, September 30th. Pegasystems’s payout ratio is presently -41.38%.

In other news, CFO Kenneth Stillwell sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, December 1st. The stock was sold at an average price of $112.50, for a total transaction of $112,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Efstathios A. Kouninis sold 500 shares of the firm’s stock in a transaction dated Thursday, September 16th. The stock was sold at an average price of $132.50, for a total value of $66,250.00. The disclosure for this sale can be found here. Insiders sold a total of 2,500 shares of company stock valued at $297,410 in the last quarter. Company insiders own 50.50% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its position in Pegasystems by 0.3% during the second quarter. SG Americas Securities LLC now owns 24,556 shares of the technology company’s stock worth $3,418,000 after buying an additional 82 shares during the period. Maryland Capital Management increased its position in Pegasystems by 2.7% during the third quarter. Maryland Capital Management now owns 3,986 shares of the technology company’s stock worth $507,000 after buying an additional 105 shares during the period. Panagora Asset Management Inc. increased its position in Pegasystems by 11.1% during the second quarter. Panagora Asset Management Inc. now owns 1,085 shares of the technology company’s stock worth $151,000 after buying an additional 108 shares during the period. JT Stratford LLC increased its position in Pegasystems by 4.9% during the second quarter. JT Stratford LLC now owns 2,464 shares of the technology company’s stock worth $343,000 after buying an additional 116 shares during the period. Finally, ProShare Advisors LLC increased its position in Pegasystems by 6.2% during the second quarter. ProShare Advisors LLC now owns 2,114 shares of the technology company’s stock worth $294,000 after buying an additional 123 shares during the period. 47.42% of the stock is currently owned by institutional investors.

Pegasystems Company Profile (NASDAQ:PEGA)

Pegasystems, Inc engages in the development, market, license, and support of software, which allows organizations to build, deploy, and change enterprise applications. The company was founded by Alan Trefler in 1983 and is headquartered in Cambridge, MA.

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