The stock of Pegasystems Inc. (NASDAQ:PEGA) hit a new 52-week high and has $37.54 target or 4.00% above today’s $36.10 share price. The 9 months bullish chart indicates low risk for the $2.78B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $37.54 price target is reached, the company will be worth $111.20M 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 263,143 shares traded hands. Pegasystems Inc. (NASDAQ:PEGA) has risen 40.21% since April 25, 2016 and is uptrending. It has outperformed by 34.19% the S&P500.
Analysts await Pegasystems Inc. (NASDAQ:PEGA) to report earnings on February, 23. They expect $0.28 EPS, 0.00% or $0.00 from last year’s $0.28 per share. PEGA’s profit will be $21.56M for 32.23 P/E if the $0.28 EPS becomes a reality. After $0.07 actual EPS reported by Pegasystems Inc. for the previous quarter, Wall Street now forecasts 300.00% EPS growth.
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. JMP Securities initiated Pegasystems Inc. (NASDAQ:PEGA) rating on Friday, September 11. JMP Securities has “Mkt Outperform” rating and $31 price target. The stock of Pegasystems Inc. (NASDAQ:PEGA) earned “Outperform” rating by Wedbush on Thursday, November 3. Benchmark maintained the stock with “Hold” rating in Friday, February 26 report. The stock of Pegasystems Inc. (NASDAQ:PEGA) earned “Hold” rating by Benchmark on Wednesday, October 28. The stock has “Neutral” rating given by Sidoti on Monday, November 14.
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 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.
Legal & General Grp Public Ltd holds 9,285 shares or 0% of its portfolio. Bamco New York, a New York-based fund reported 2.25M shares. Moreover, Vanguard Group Inc Inc has 0% invested in Pegasystems Inc. (NASDAQ:PEGA) for 2.54M shares. Alps last reported 0% of its portfolio in the stock. Bahl Gaynor Inc last reported 24,519 shares in the company. Barclays Public Ltd holds 0% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA) for 47 shares. The California-based Blackrock Fund Advsr has invested 0.01% in Pegasystems Inc. (NASDAQ:PEGA). Parametric Portfolio Assocs Limited Liability Co owns 57,928 shares or 0% of their US portfolio. Gsa Cap Prns Limited Liability Partnership holds 0.09% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA) for 61,061 shares. Tiverton Asset Mgmt Ltd Company has 0.61% invested in the company for 286,815 shares. Tudor Investment Corporation Et Al holds 0.02% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA) for 30,655 shares. Ftb Advsrs last reported 0% of its portfolio in the stock. New York State Common Retirement Fund holds 0% or 115,380 shares in its portfolio. Sensato Ltd Llc holds 2.26% or 519,097 shares in its portfolio. Monarch Prtn Asset Ltd Liability Company holds 1.06% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA) for 391,420 shares.
Insider Transactions: Since June 2, 2016, the stock had 0 insider purchases, and 39 insider sales for $2.28 million net activity. The insider WEBER LARRY sold $50,300. JONES RICHARD H sold $50,616 worth of stock or 1,800 shares. KOUNINIS EFSTATHIOS A also sold $10,971 worth of Pegasystems Inc. (NASDAQ:PEGA) on Tuesday, June 14. Another trade for 830 shares valued at $25,589 was sold by KRA DOUGLAS I. $466,097 worth of shares were sold by WYMAN WILLIAM W on Friday, September 16. 4,313 shares with value of $142,890 were sold by Trefler Leon on Monday, November 7. KAPLAN STEVEN F sold $241,050 worth of stock.
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. Posts a 52% Profit Boost” published on May 07, 2016 as well as Fool.com‘s news article titled: “Pegasystems Inc. Stock Fell 10% Friday” with publication date: February 08, 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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