Pegasystems (PEGA) Getting Somewhat Favorable News Coverage, Study Finds

Headlines about Pegasystems (NASDAQ:PEGA) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pegasystems earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 46.6869483588755 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the headlines that may have impacted Accern’s scoring:

NASDAQ:PEGA opened at $61.25 on Friday. The company has a market cap of $4.85 billion, a P/E ratio of 278.41, a PEG ratio of 12.71 and a beta of 1.08. Pegasystems has a 1-year low of $61.35 and a 1-year high of $61.75.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Thursday, May 10th. The technology company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.07). The firm had revenue of $235.18 million for the quarter, compared to analyst estimates of $228.97 million. Pegasystems had a return on equity of 3.62% and a net margin of 2.12%. The business’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 earnings per share. analysts predict that Pegasystems will post 0.61 earnings per share for the current year.

Several research analysts have recently commented on the company. BidaskClub downgraded Pegasystems from a “buy” rating to a “hold” rating in a research note on Friday, May 11th. Zacks Investment Research downgraded Pegasystems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Benchmark lifted their price target on Pegasystems from $67.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, March 12th. Wedbush reissued an “outperform” rating and set a $61.85 price target (down from $73.00) on shares of Pegasystems in a report on Friday, March 16th. Finally, TheStreet raised Pegasystems from a “c+” rating to a “b” rating in a report on Wednesday, March 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $64.98.

In related news, Director Steven F. Kaplan sold 8,585 shares of Pegasystems stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $62.31, for a total transaction of $534,931.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kenneth Stillwell sold 1,294 shares of Pegasystems stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $55.68, for a total value of $72,049.92. Following the completion of the transaction, the chief financial officer now directly owns 3,500 shares of the company’s stock, valued at $194,880. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,121 shares of company stock valued at $1,648,327. 53.61% of the stock is currently owned by insiders.

About Pegasystems

Pegasystems Inc develops, markets, licenses, and supports software applications for marketing, sales automation, customer service, and operations in the United States and internationally. It provides Pega Platform, an application development product for clients to build and extend their own applications.

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

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