Pegasystems (NASDAQ:PEGA) had its price target raised by equities researchers at Goldman Sachs Group from $105.00 to $119.00 in a research note issued on Monday, The Fly reports. Goldman Sachs Group’s price objective points to a potential upside of 21.98% from the company’s current price.

Several other analysts have also issued reports on PEGA. BidaskClub lowered Pegasystems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 9th. Zacks Investment Research raised Pegasystems from a “sell” rating to a “hold” rating in a report on Saturday. ValuEngine raised Pegasystems from a “hold” rating to a “buy” rating in a report on Tuesday, March 17th. Sidoti initiated coverage on Pegasystems in a report on Tuesday, April 14th. They set a “buy” rating and a $116.00 target price on the stock. Finally, DA Davidson raised their price objective on Pegasystems from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $113.50.

Shares of NASDAQ PEGA opened at $97.56 on Monday. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of -88.69 and a beta of 1.26. Pegasystems has a one year low of $38.01 and a one year high of $103.13. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.90 and a quick ratio of 2.90. The stock’s fifty day moving average price is $93.76 and its two-hundred day moving average price is $84.51.

Pegasystems (NASDAQ:PEGA) last released its earnings results on Wednesday, April 29th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. The company had revenue of $265.59 million for the quarter, compared to analyst estimates of $255.98 million. Pegasystems had a negative return on equity of 16.20% and a negative net margin of 9.03%. Pegasystems’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.12) EPS. On average, equities analysts anticipate that Pegasystems will post -1.01 earnings per share for the current fiscal year.

In other Pegasystems news, CFO Kenneth Stillwell sold 2,000 shares of the stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $74.32, for a total value of $148,640.00. Following the completion of the transaction, the chief financial officer now directly owns 12,382 shares in the company, valued at $920,230.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard H. Jones sold 5,000 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $93.62, for a total value of $468,100.00. Following the completion of the transaction, the director now owns 15,544 shares of the company’s stock, valued at $1,455,229.28. The disclosure for this sale can be found here. Insiders sold 16,907 shares of company stock valued at $1,439,861 over the last quarter. Corporate insiders own 51.89% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC bought a new position in Pegasystems in the first quarter valued at about $34,000. Asset Management One Co. Ltd. acquired a new stake in Pegasystems in the first quarter valued at approximately $34,000. Pacifica Partners Inc. acquired a new stake in Pegasystems in the first quarter valued at approximately $36,000. FinTrust Capital Advisors LLC acquired a new stake in Pegasystems in the first quarter valued at approximately $69,000. Finally, Advisor Group Holdings Inc. acquired a new stake in Pegasystems in the first quarter valued at approximately $98,000. Hedge funds and other institutional investors own 48.36% 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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