Somewhat Positive News Coverage Likely to Impact Pegasystems (PEGA) Share Price
Media headlines about Pegasystems (NASDAQ:PEGA) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pegasystems earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 75 out of 100, indicating that recent press coverage is likely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Insider Selling: Pegasystems Inc. (PEGA) CFO Sells 4,283 Shares of Stock (americanbankingnews.com)
- Pegasystems Inc. (NASDAQ:PEGA) Director Sells $671,664.00 in Stock (americanbankingnews.com)
- Pegasystems Inc. (PEGA) Scheduled to Post Quarterly Earnings on Wednesday (americanbankingnews.com)
- ETFs with exposure to Pegasystems, Inc. : August 1, 2017 (finance.yahoo.com)
- Business Process Management Market 2017 Global Share, Growth, Segments, Competitor Landscape, Key Players, Trends and Forecasts (sbwire.com)
PEGA has been the topic of a number of analyst reports. Benchmark Co. reaffirmed a “buy” rating and set a $67.00 target price (up previously from $60.00) on shares of Pegasystems in a research note on Tuesday, June 6th. Wedbush reaffirmed an “outperform” rating and set a $60.00 target price on shares of Pegasystems in a research note on Friday, May 19th. BidaskClub lowered shares of Pegasystems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. JMP Securities reissued an “outperform” rating and set a $63.00 price objective (up previously from $55.00) on shares of Pegasystems in a research note on Wednesday, June 7th. Finally, Zacks Investment Research raised shares of Pegasystems from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Wednesday, July 19th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $60.00.
Shares of Pegasystems (PEGA) traded down 0.08% during mid-day trading on Thursday, reaching $60.20. 170,640 shares of the company traded hands. The firm has a 50-day moving average price of $60.10 and a 200 day moving average price of $49.46. Pegasystems has a 52 week low of $24.71 and a 52 week high of $64.85. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 111.48 and a beta of 1.47.
Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings results on Wednesday, May 10th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.16. The firm had revenue of $223.20 million for the quarter, compared to analyst estimates of $200.52 million. Pegasystems had a return on equity of 14.77% and a net margin of 5.26%. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period last year, the company earned $0.23 EPS. On average, analysts anticipate that Pegasystems will post $1.06 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Monday, July 3rd were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.20%. Pegasystems’s payout ratio is currently 23.08%.
In other news, SVP Leon Trefler sold 4,560 shares of Pegasystems stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $56.41, for a total value of $257,229.60. Following the completion of the transaction, the senior vice president now owns 22,061 shares in the company, valued at approximately $1,244,461.01. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard H. Jones sold 19,600 shares of Pegasystems stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $55.65, for a total value of $1,090,740.00. Following the completion of the transaction, the director now owns 569,769 shares of the company’s stock, valued at approximately $31,707,644.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,886 shares of company stock worth $5,044,204. Company insiders own 53.61% of the company’s stock.
Pegasystems Company Profile
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.
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