Somewhat Positive News Coverage Somewhat Unlikely to Affect Pegasystems (PEGA) Share Price
News articles about Pegasystems (NASDAQ:PEGA) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pegasystems earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 46.0261772229354 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
- See what the IHS Markit Score report has to say about Pegasystems Inc. (finance.yahoo.com)
- Insider Selling: Pegasystems Inc. (PEGA) SVP Sells 6,393 Shares of Stock (americanbankingnews.com)
- Pegasystems Inc. (PEGA) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Pegasystems, Inc. :PEGA-US: Earnings Analysis: Q2, 2017 By the Numbers : August 21, 2017 (finance.yahoo.com)
A number of brokerages recently commented on PEGA. Mitsubishi UFJ Financial Group set a $57.00 price target on Pegasystems and gave the stock a “buy” rating in a research report on Thursday, August 10th. BidaskClub cut Pegasystems from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Zacks Investment Research cut Pegasystems from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. JMP Securities restated an “outperform” rating and issued a $63.00 price target (up previously from $55.00) on shares of Pegasystems in a research report on Wednesday, June 7th. Finally, Benchmark Co. restated a “buy” rating and issued a $67.00 price target (up previously from $60.00) on shares of Pegasystems in a research report on Tuesday, June 6th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $63.00.
Pegasystems (NASDAQ PEGA) traded up 1.18% during mid-day trading on Monday, reaching $55.80. The company had a trading volume of 234,557 shares. The stock has a 50 day moving average price of $58.44 and a 200-day moving average price of $51.50. Pegasystems has a 12-month low of $25.55 and a 12-month high of $64.85. The stock has a market capitalization of $4.33 billion, a P/E ratio of 89.28 and a beta of 1.46.
Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.04. Pegasystems had a return on equity of 13.06% and a net margin of 6.17%. The company had revenue of $197.98 million for the quarter, compared to the consensus estimate of $205.06 million. During the same period in the previous year, the firm earned $0.19 earnings per share. The company’s revenue was up 4.8% compared to the same quarter last year. Equities analysts anticipate that Pegasystems will post $0.97 EPS for the current fiscal year.
In other Pegasystems news, Director Larry Weber sold 500 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $55.55, for a total transaction of $27,775.00. Following the completion of the transaction, the director now owns 2,454 shares in the company, valued at $136,319.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kenneth Stillwell sold 4,283 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $60.48, for a total value of $259,035.84. Following the transaction, the chief financial officer now owns 8,746 shares of the company’s stock, valued at approximately $528,958.08. The disclosure for this sale can be found here. Insiders have sold 67,119 shares of company stock worth $3,987,287 over the last three months. 53.61% of the stock is currently owned by insiders.
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.
Receive News & Stock Ratings for Pegasystems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pegasystems Inc. and related stocks with our FREE daily email newsletter.