The stock of Pegasystems Inc. (NASDAQ:PEGA) hit a new 52-week high and has $46.93 target or 29.00% above today’s $36.38 share price. The 7 months bullish chart indicates low risk for the $2.88B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $46.93 price target is reached, the company will be worth $835.20M 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 139,521 shares traded hands. Pegasystems Inc. (NASDAQ:PEGA) has risen 36.82% since April 19, 2016 and is uptrending. It has outperformed by 32.96% the S&P500.
Pegasystems Inc. (NASDAQ:PEGA) Ratings Coverage
Out of 4 analysts covering Pegasystems (NASDAQ:PEGA), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Pegasystems has been the topic of 7 analyst reports since September 11, 2015 according to StockzIntelligence Inc. As per Monday, November 14, the company rating was downgraded by Sidoti. The firm has “Outperform” rating by Wedbush given on Thursday, November 3. The stock of Pegasystems Inc. (NASDAQ:PEGA) has “Hold” rating given on Wednesday, October 28 by Benchmark. JMP Securities initiated the stock with “Mkt Outperform” rating in Friday, September 11 report. The rating was maintained by Benchmark on Friday, February 26 with “Hold”.
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 0.67 in Q2 2016. Its down 0.16, from 0.83 in 2016Q1. The ratio is 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.
Cambridge Tru last reported 0.02% of its portfolio in the stock. Oberweis Asset owns 116,997 shares or 0.94% of their US portfolio. Susquehanna Int Gru Llp has invested 0% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA). Strs Ohio accumulated 3,000 shares or 0% of the stock. Moreover, Great West Life Assurance Can has 0% invested in Pegasystems Inc. (NASDAQ:PEGA) for 5,524 shares. Rice Hall James And Associates Ltd Liability Com last reported 614,129 shares in the company. Analytic has 35,132 shares for 0.01% of their US portfolio. Ubs Asset Management Americas has invested 0% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA). Dupont Cap Corp accumulated 59,338 shares or 0.04% of the stock. Barclays Public Ltd, a United Kingdom-based fund reported 47 shares. Dalton Greiner Hartman Maher Com last reported 0.59% of its portfolio in the stock. Moreover, New York State Common Retirement Fund has 0% invested in Pegasystems Inc. (NASDAQ:PEGA) for 115,380 shares. Bnp Paribas Arbitrage Sa holds 0% or 1,406 shares in its portfolio. Alps Advisors Inc has 16,121 shares for 0% of their US portfolio. Parametric Ltd Com has invested 0% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA).
Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 41 insider sales for $2.34 million net activity. The insider KRA DOUGLAS I sold 799 shares worth $21,597. On Thursday, May 26 JONES RICHARD H sold $62,964 worth of the stock or 2,400 shares. Another trade for 84 shares valued at $2,299 was sold by KOUNINIS EFSTATHIOS A. Another trade for 4,313 shares valued at $142,890 was made by Trefler Leon on Monday, November 7. KAPLAN STEVEN F sold $241,050 worth of stock or 9,416 shares. Shares for $50,300 were sold by WEBER LARRY on Monday, August 15. WYMAN WILLIAM W had sold 16,700 shares worth $466,097 on Friday, September 16.
More notable recent Pegasystems Inc. (NASDAQ:PEGA) news were published by: Fool.com which released: “Pegasystems Inc. Maintains Sales Momentum” on November 03, 2016, also Fool.com with their article: “Pegasystems Inc. Posts Steady Growth Despite Industry Volatility” published on August 04, 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. Posts a 52% Profit Boost” with publication date: May 07, 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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