Pegasystems (NASDAQ:PEGA) Rating Lowered to Hold at StockNews.com

Pegasystems (NASDAQ:PEGA – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

PEGA has been the topic of a number of other research reports. Zacks Investment Research downgraded Pegasystems from a “hold” rating to a “sell” rating in a research report on Saturday, February 26th. Wedbush lowered their price target on Pegasystems from $155.00 to $115.00 in a research report on Thursday, February 17th. TheStreet downgraded Pegasystems from a “c-” rating to a “d+” rating in a research report on Thursday, January 27th. KeyCorp lowered their price target on Pegasystems from $147.00 to $129.00 and set an “overweight” rating on the stock in a research report on Thursday, February 17th. Finally, Macquarie lowered their price target on Pegasystems from $150.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, February 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $134.30.

Shares of PEGA stock opened at $76.76 on Tuesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.73 and a current ratio of 1.73. Pegasystems has a 52-week low of $71.61 and a 52-week high of $143.66. The company has a market capitalization of $6.27 billion, a PE ratio of -95.95 and a beta of 1.15. The business’s fifty day moving average is $82.91 and its 200 day moving average is $103.06.

Pegasystems (NASDAQ:PEGA – Get Rating) last issued its quarterly earnings data on Wednesday, February 16th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.08). Pegasystems had a negative return on equity of 16.51% and a negative net margin of 5.20%. The business had revenue of $316.20 million during the quarter, compared to analysts’ expectations of $342.86 million. During the same quarter last year, the business posted ($0.05) EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, sell-side analysts forecast that Pegasystems will post -0.35 EPS for the current fiscal year.

In related news, CFO Kenneth Stillwell sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 1st. The stock was sold at an average price of $100.76, for a total value of $100,760.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 50.50% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of PEGA. Manchester Capital Management LLC bought a new stake in shares of Pegasystems in the third quarter worth about $37,000. Ellevest Inc. grew its stake in shares of Pegasystems by 292.9% in the fourth quarter. Ellevest Inc. now owns 334 shares of the technology company’s stock worth $37,000 after purchasing an additional 249 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of Pegasystems by 1,294.1% in the fourth quarter. First Horizon Advisors Inc. now owns 474 shares of the technology company’s stock worth $53,000 after purchasing an additional 440 shares during the last quarter. Covestor Ltd bought a new stake in shares of Pegasystems in the fourth quarter worth about $59,000. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Pegasystems in the fourth quarter worth about $60,000. 47.55% of the stock is currently owned by institutional investors.

About Pegasystems (Get Rating)

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software applications in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. 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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