The stock of Pegasystems Inc. (NASDAQ:PEGA) hit a new 52-week high and has $52.89 target or 68.00% above today’s $31.48 share price. The 7 months bullish chart indicates low risk for the $2.45 billion company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $52.89 price target is reached, the company will be worth $1.67B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 178,220 shares traded hands. 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 earnings per share, down 36.36% or $0.04 from last year’s $0.11 per share. PEGA’s profit will be $5.45M for 112.43 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. $34 is the highest target while $26 is the lowest. The $30 average target is -4.70% below today’s ($31.48) stock price. Pegasystems has been the topic of 5 analyst reports since September 11, 2015 according to StockzIntelligence Inc. Benchmark maintained Pegasystems Inc. (NASDAQ:PEGA) rating on Wednesday, October 28. Benchmark has “Hold” rating and $27 price target. Benchmark maintained the shares of PEGA in a report on Friday, February 26 with “Hold” rating. The stock has “Mkt Outperform” rating given by JMP Securities on Friday, September 11.
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 turned negative, 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.
Harber Asset Mngmt Limited Liability, a New York-based fund reported 131,108 shares. Blackrock Advsr Ltd accumulated 160,128 shares or 0% of the stock. Papp L Roy & Assoc accumulated 35,940 shares or 0.23% of the stock. Barclays Public Limited holds 47 shares or 0% of its portfolio. Rothschild Asset Mgmt has 187,724 shares for 0.09% of their US portfolio. Monarch Asset Lc last reported 1.06% of its portfolio in the stock. Cap Impact Advisors Ltd Limited Liability Company has invested 0.4% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA). The Minnesota-based Us National Bank De has invested 0% in Pegasystems Inc. (NASDAQ:PEGA). Tiverton Asset Management Ltd Liability Corp holds 286,815 shares or 0.61% of its portfolio. Ftb Incorporated holds 0% or 237 shares in its portfolio. Morgan Stanley has invested 0% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA). Ladenburg Thalmann Fincl accumulated 0% or 1,120 shares. Secor Advisors L P holds 0.12% or 36,739 shares in its portfolio. Panagora Asset Mgmt owns 132,356 shares or 0.02% of their US portfolio. The California-based Rice Hall James & Associate Limited Co has invested 0.95% in Pegasystems Inc. (NASDAQ:PEGA).
Insider Transactions: Since April 21, 2016, the stock had 0 buys, and 44 selling transactions for $2.46 million net activity. On Friday, May 27 the insider KOUNINIS EFSTATHIOS A sold $5,492. $23,958 worth of Pegasystems Inc. (NASDAQ:PEGA) shares were sold by JONES RICHARD H. On Monday, August 1 KRA DOUGLAS I sold $22,418 worth of the stock or 807 shares. WEBER LARRY also sold $50,300 worth of Pegasystems Inc. (NASDAQ:PEGA) shares. Shares for $236,779 were sold by Trefler Leon. 16,700 Pegasystems Inc. (NASDAQ:PEGA) shares with value of $466,097 were sold by WYMAN WILLIAM W. The insider KAPLAN STEVEN F sold 9,416 shares worth $241,050.
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 Fool.com‘s news article titled: “Pegasystems Inc.’s Growth Hits High Gear” with publication date: October 31, 2015.
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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