The stock of Pegasystems Inc. (NASDAQ:PEGA) is a huge mover today! About 432,310 shares traded hands or 42.24% up from the average. Pegasystems Inc. (NASDAQ:PEGA) has risen 20.18% since March 16, 2016 and is uptrending. It has outperformed by 14.63% the S&P500.
The move comes after 7 months positive chart setup for the $2.50 billion company. It was reported on Oct, 19 by Barchart.com. We have $54.01 PT which if reached, will make NASDAQ:PEGA worth $1.70B more.
Analysts await Pegasystems Inc. (NASDAQ:PEGA) to report earnings on October, 25. They expect $0.07 earnings per share, down 36.36% or $0.04 from last year’s $0.11 per share. PEGA’s profit will be $5.44 million for 114.82 P/E if the $0.07 EPS becomes a reality. After $0.10 actual earnings per share reported by Pegasystems Inc. for the previous quarter, Wall Street now forecasts -30.00% negative EPS growth.
Pegasystems Inc. (NASDAQ:PEGA) Ratings Coverage
Out of 2 analysts covering Pegasystems (NASDAQ:PEGA), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Pegasystems has been the topic of 5 analyst reports since September 11, 2015 according to StockzIntelligence Inc. On Friday, February 26 the stock rating was maintained by Benchmark with “Hold”. On Friday, September 11 the stock rating was initiated by JMP Securities with “Mkt Outperform”. The stock of Pegasystems Inc. (NASDAQ:PEGA) earned “Hold” rating by Benchmark on Wednesday, October 28.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 0.83 in 2016 Q2. Its down 0.46, from 1.29 in 2016Q1. The ratio dived, as 11 funds sold all Pegasystems Inc. shares owned while 59 reduced positions. 17 funds bought stakes while 41 increased positions. They now own 30.80 million shares or 0.91% less from 31.08 million shares in 2016Q1.
Retirement Sys Of Alabama holds 285,000 shares or 0.04% of its portfolio. Wealthtrust last reported 0.01% of its portfolio in the stock. The California-based Rice Hall James & Associates Ltd Liability has invested 0.95% in Pegasystems Inc. (NASDAQ:PEGA). Blackrock Inv Ltd has 0% invested in the company for 134,663 shares. Lazard Asset Mngmt Limited Liability Corp has invested 0.01% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA). Menta Capital Lc reported 91,576 shares or 0.34% of all its holdings. Great West Life Assurance Can reported 5,524 shares or 0% of all its holdings. First Interstate Bank & Trust holds 0% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA) for 527 shares. New York State Common Retirement Fund accumulated 115,380 shares or 0% of the stock. Deutsche Fincl Bank Ag has 0% invested in the company for 33,661 shares. Blackrock Institutional Trust Na last reported 0% of its portfolio in the stock. Gotham Asset Mgmt Ltd Liability Corp last reported 84,376 shares in the company. Art Advsrs Ltd Liability Corporation holds 0.01% or 10,525 shares in its portfolio. Teachers Advsrs holds 0% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA) for 58,598 shares. Thrivent For Lutherans accumulated 629,730 shares or 0.08% of the stock.
Insider Transactions: Since April 21, 2016, the stock had 0 buys, and 44 selling transactions for $2.46 million net activity. $33,468 worth of Pegasystems Inc. (NASDAQ:PEGA) was sold by JONES RICHARD H on Monday, August 1. KOUNINIS EFSTATHIOS A sold 209 shares worth $5,733. 16,700 shares were sold by WYMAN WILLIAM W, worth $466,097 on Friday, September 16. On Thursday, September 1 the insider KRA DOUGLAS I sold $20,343. $50,300 worth of Pegasystems Inc. (NASDAQ:PEGA) was sold by WEBER LARRY on Monday, August 15. KAPLAN STEVEN F had sold 9,416 shares worth $241,050. $236,779 worth of Pegasystems Inc. (NASDAQ:PEGA) shares were sold by Trefler Leon.
More notable recent Pegasystems Inc. (NASDAQ:PEGA) news were published by: Fool.com which released: “Pegasystems Inc. Posts Steady Growth Despite Industry Volatility” on August 04, 2016, also Fool.com with their article: “Pegasystems Inc. Posts a 52% Profit Boost” published on May 07, 2016, Fool.com published: “Why Pegasystems Inc. Rose 13% in October” on November 11, 2015. More interesting news about Pegasystems Inc. (NASDAQ:PEGA) were released by: Fool.com and their article: “Pegasystems Inc. Stock Fell 10% Friday” published on February 08, 2016 as well as Nasdaq.com‘s news article titled: “Pegasystems Inc. (PEGA) Ex-Dividend Date Scheduled for September 29, 2016” with publication date: September 28, 2016.
PEGA Company Profile
Pegasystems Inc., incorporated on April 21, 1983, develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Firm also offers software applications built on the Pega 7 platform. The Company’s software is designed to assist clients in building, deploying, and evolving enterprise applications. The Company’s applications and platform intersect with and encompass several traditional software markets, including Customer Relationship Management (CRM); Business Process Management (BPM); Business Rules Management Systems (BRMS); Dynamic Case Management (DCM); Decision Management, which includes Predictive and Adaptive analytics, and the Vertical Specific Software (VSS) market of industry solutions and packaged applications. The Firm provides implementation, consulting, training, technical support and hosting services to facilitate the use of its software. The Firm offers its services to financial, healthcare, insurance, communications and media, public sector, manufacturing, life sciences and other markets.
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