Pegasystems’ (PEGA) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Pegasystems (NASDAQ:PEGA) in a research note released on Tuesday morning, Benzinga reports. The brokerage currently has a $75.00 target price on the technology company’s stock.

A number of other equities analysts have also recently issued reports on PEGA. Wedbush reiterated an outperform rating and set a $90.00 target price on shares of Pegasystems in a report on Wednesday, April 10th. Citigroup raised their price objective on Pegasystems from $86.00 to $87.00 and gave the company a buy rating in a report on Friday, March 22nd. StockNews.com upgraded Pegasystems from a buy rating to a strong-buy rating in a report on Tuesday, February 13th. Royal Bank of Canada lifted their price target on Pegasystems from $65.00 to $77.00 and gave the stock an outperform rating in a report on Friday, February 16th. Finally, DA Davidson reiterated a neutral rating and set a $60.00 price target on shares of Pegasystems in a report on Monday, March 4th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $72.00.

Pegasystems Stock Performance

NASDAQ:PEGA opened at $59.08 on Tuesday. Pegasystems has a 12-month low of $37.66 and a 12-month high of $69.26. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $4.96 billion, a PE ratio of 72.05 and a beta of 1.06. The firm has a 50-day moving average price of $62.90 and a 200 day moving average price of $52.99.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.64. The company had revenue of $474.23 million during the quarter, compared to analyst estimates of $428.76 million. Pegasystems had a net margin of 5.32% and a return on equity of 53.49%. Research analysts anticipate that Pegasystems will post 1.49 earnings per share for the current fiscal year.

Pegasystems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.20%. Pegasystems’s payout ratio is presently 14.63%.

Insiders Place Their Bets

In other Pegasystems news, CFO Kenneth Stillwell sold 2,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $63.70, for a total transaction of $127,400.00. Following the sale, the chief financial officer now owns 24,884 shares of the company’s stock, valued at $1,585,110.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Pegasystems news, CFO Kenneth Stillwell sold 2,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $63.70, for a total transaction of $127,400.00. Following the sale, the chief financial officer now owns 24,884 shares of the company’s stock, valued at $1,585,110.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard H. Jones sold 10,000 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $63.39, for a total transaction of $633,900.00. Following the sale, the director now directly owns 379,658 shares in the company, valued at approximately $24,066,520.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,792 shares of company stock valued at $2,781,669. 50.20% of the stock is currently owned by insiders.

Institutional Trading of Pegasystems

Several institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC boosted its position in Pegasystems by 80.1% during the fourth quarter. Quadrant Capital Group LLC now owns 508 shares of the technology company’s stock valued at $25,000 after acquiring an additional 226 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Pegasystems by 219.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock valued at $26,000 after acquiring an additional 364 shares during the last quarter. Headlands Technologies LLC bought a new stake in Pegasystems during the fourth quarter valued at $26,000. Harvest Fund Management Co. Ltd bought a new stake in Pegasystems during the fourth quarter valued at $44,000. Finally, CWM LLC boosted its position in Pegasystems by 80.1% during the third quarter. CWM LLC now owns 1,160 shares of the technology company’s stock valued at $50,000 after acquiring an additional 516 shares during the last quarter. Institutional investors own 46.89% of the company’s stock.

Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients' processes and workflows.