Pegasystems (PEGA) Earning Somewhat Favorable Press Coverage, Analysis Finds

Press coverage about Pegasystems (NASDAQ:PEGA) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Pegasystems earned a news sentiment score of 0.04 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 44.8803306615019 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

A number of analysts have issued reports on PEGA shares. TheStreet lowered Pegasystems from a “b-” rating to a “c” rating in a report on Wednesday, November 22nd. Zacks Investment Research lowered Pegasystems from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $63.00.

Pegasystems (NASDAQ:PEGA) traded down $0.70 during trading on Friday, hitting $46.65. The company had a trading volume of 253,536 shares, compared to its average volume of 328,160. The company has a market cap of $3,686.67, a P/E ratio of 84.82 and a beta of 1.24. Pegasystems has a 1-year low of $35.35 and a 1-year high of $64.85.

Pegasystems (NASDAQ:PEGA) last posted its earnings results on Wednesday, November 8th. The technology company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The business had revenue of $179.80 million during the quarter, compared to the consensus estimate of $200.15 million. Pegasystems had a return on equity of 9.86% and a net margin of 5.67%. Pegasystems’s revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the company earned $0.17 EPS. sell-side analysts anticipate that Pegasystems will post 0.26 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be given a $0.03 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.12 annualized dividend and a yield of 0.26%. Pegasystems’s payout ratio is 21.82%.

In related news, CFO Kenneth Stillwell sold 1,228 shares of Pegasystems stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $57.97, for a total transaction of $71,187.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Efstathios A. Kouninis sold 728 shares of Pegasystems stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $49.73, for a total value of $36,203.44. Following the sale, the chief accounting officer now directly owns 1,012 shares of the company’s stock, valued at $50,326.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,304 shares of company stock valued at $770,683. Corporate insiders own 53.61% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Pegasystems (NASDAQ:PEGA)

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