Zacks Investment Research upgraded shares of Pegasystems (NASDAQ:PEGA) from a sell rating to a hold rating in a research report report published on Saturday, Zacks.com reports.

According to Zacks, “Pegasystems Inc. is a leading provider of Customer Relationship Management software that enables transaction-intensive organizations to manage a broad array of customer interactions. Their software enables organizations to deliver high-quality, consistent customer service across today’s preferred interaction channels, from the traditional call center environment to Internet self-service. The company’s customers represent a wide range of industries, including banking and financial services, insurance, healthcare management, and telecommunications. “

Other analysts also recently issued research reports about the company. Goldman Sachs Group assumed coverage on Pegasystems in a research report on Tuesday, May 26th. They issued a buy rating and a $105.00 target price for the company. Rosenblatt Securities reiterated a buy rating on shares of Pegasystems in a research report on Thursday, April 30th. KeyCorp boosted their price objective on Pegasystems from $104.00 to $112.00 and gave the company an overweight rating in a research report on Thursday, June 4th. DA Davidson boosted their price objective on Pegasystems from $105.00 to $120.00 and gave the company a buy rating in a research report on Tuesday, June 2nd. Finally, ValuEngine upgraded Pegasystems from a hold rating to a buy rating in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of Buy and an average target price of $113.50.

NASDAQ:PEGA opened at $97.56 on Friday. The business has a 50 day moving average of $93.76 and a 200 day moving average of $84.51. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of -88.69 and a beta of 1.26. Pegasystems has a 1-year low of $38.01 and a 1-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.

Pegasystems (NASDAQ:PEGA) last released its earnings results on Wednesday, April 29th. The technology company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04. The company had revenue of $265.59 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.12) EPS. As a group, sell-side analysts anticipate that Pegasystems will post -1.01 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.12%. Pegasystems’s dividend payout ratio is presently -9.60%.

In related news, Director Richard H. Jones sold 5,000 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $93.62, for a total value of $468,100.00. Following the sale, the director now directly owns 15,544 shares of the company’s stock, valued at $1,455,229.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Kenneth Stillwell sold 2,000 shares of the company’s stock in a transaction on 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 sale, the chief financial officer now directly owns 12,382 shares in the company, valued at $920,230.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,907 shares of company stock valued at $1,439,861. 51.89% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Signaturefd LLC purchased a new stake in Pegasystems in the first quarter worth $34,000. Asset Management One Co. Ltd. purchased a new stake in shares of Pegasystems in the first quarter worth $34,000. Pacifica Partners Inc. purchased a new stake in shares of Pegasystems in the first quarter worth $36,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Pegasystems in the first quarter worth $69,000. Finally, Advisor Group Holdings Inc. purchased a new stake in shares of Pegasystems in the first quarter worth $98,000. 48.36% of the stock is currently owned by institutional investors.

About Pegasystems

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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