The stock of Pegasystems Inc. (NASDAQ:PEGA) reached all time high today, Oct, 19 and still has $51.56 target or 62.00% above today’s $31.83 share price. This indicates more upside for the $2.47 billion company. This technical setup was reported by Barchart.com. If the $51.56 PT is reached, the company will be worth $1.53B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 314,436 shares traded hands or 3.46% 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.
Analysts await Pegasystems Inc. (NASDAQ:PEGA) to report earnings on October, 25. They expect $0.07 EPS, down 36.36% or $0.04 from last year’s $0.11 per share. PEGA’s profit will be $5.43 million for 113.68 P/E if the $0.07 EPS becomes a reality. After $0.10 actual EPS 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. The company was initiated on Friday, September 11 by JMP Securities. The stock has “Hold” rating given by Benchmark on Wednesday, October 28. Benchmark maintained the stock with “Hold” rating in Friday, February 26 report.
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 fall, 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.
Capital Fund Sa holds 0% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA) for 10,630 shares. California State Teachers Retirement System holds 75,647 shares or 0% of its portfolio. Bahl And Gaynor reported 24,519 shares or 0.01% of all its holdings. Tudor Invest Et Al reported 30,655 shares or 0.02% of all its holdings. Susquehanna Intl Grp Inc Llp, a Pennsylvania-based fund reported 17,069 shares. Alliancebernstein Limited Partnership accumulated 68,470 shares or 0% of the stock. Moreover, Prudential Fincl Inc has 0.01% invested in Pegasystems Inc. (NASDAQ:PEGA) for 219,430 shares. Gsa Partners Llp accumulated 0.09% or 61,061 shares. Moreover, Voya Inv Mgmt Ltd Liability Corp has 0% invested in Pegasystems Inc. (NASDAQ:PEGA) for 17,000 shares. Bamco Incorporated Ny accumulated 0.32% or 2.25 million shares. The Minnesota-based Ameriprise Fincl has invested 0% in Pegasystems Inc. (NASDAQ:PEGA). Qs Investors Limited Company has 157,900 shares for 0.04% of their US portfolio. Ironwood Inv Mgmt Limited Com last reported 90,895 shares in the company. Blackrock holds 0% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA) for 3,505 shares. Da Davidson owns 2,905 shares or 0% of their US portfolio.
Insider Transactions: Since April 21, 2016, the stock had 0 insider purchases, and 44 selling transactions for $2.46 million net activity. Another trade for 9,135 shares valued at $236,779 was made by Trefler Leon on Monday, May 9. JONES RICHARD H also sold $22,842 worth of Pegasystems Inc. (NASDAQ:PEGA) on Thursday, August 11. KOUNINIS EFSTATHIOS A also sold $5,920 worth of Pegasystems Inc. (NASDAQ:PEGA) on Wednesday, September 7. The insider KRA DOUGLAS I sold 807 shares worth $22,418. $241,050 worth of shares were sold by KAPLAN STEVEN F on Friday, August 19. $466,097 worth of Pegasystems Inc. (NASDAQ:PEGA) shares were sold by WYMAN WILLIAM W. WEBER LARRY also sold $50,300 worth of Pegasystems Inc. (NASDAQ:PEGA) shares.
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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