Pegasystems (PEGA) Getting Somewhat Favorable News Coverage, Study Finds

News stories about Pegasystems (NASDAQ:PEGA) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pegasystems earned a news impact score of 0.18 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 48.2442674615138 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:

Shares of Pegasystems (PEGA) traded down $0.10 during midday trading on Monday, reaching $51.90. 729,937 shares of the company traded hands, compared to its average volume of 423,029. The company has a market capitalization of $4,040.00, a price-to-earnings ratio of 87.97 and a beta of 1.25. Pegasystems has a fifty-two week low of $37.10 and a fifty-two week high of $64.85.

Pegasystems (NASDAQ:PEGA) last issued its earnings results on Wednesday, November 8th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The business had revenue of $179.80 million for the quarter, compared to analyst estimates of $200.15 million. Pegasystems had a net margin of 5.67% and a return on equity of 9.86%. Pegasystems’s revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 earnings per share. analysts predict that Pegasystems will post 0.26 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.23%. The ex-dividend date was Friday, December 29th. Pegasystems’s dividend payout ratio is presently 20.34%.

A number of equities research analysts have recently commented on PEGA shares. Zacks Investment Research lowered shares of Pegasystems from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. TheStreet lowered shares of Pegasystems from a “b-” rating to a “c” rating in a research note on Wednesday, November 22nd. Finally, BidaskClub raised shares of Pegasystems from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Pegasystems has an average rating of “Hold” and a consensus price target of $63.00.

In related news, VP Michael R. Pyle sold 4,000 shares of the stock in a transaction on Friday, January 5th. The shares were sold at an average price of $47.61, for a total transaction of $190,440.00. Following the transaction, the vice president now directly owns 46,524 shares of the company’s stock, valued at $2,215,007.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kenneth Stillwell sold 3,978 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $57.83, for a total transaction of $230,047.74. Following the transaction, the chief financial officer now directly owns 5,094 shares in the company, valued at $294,586.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,406 shares of company stock worth $845,950. 53.61% of the stock is owned by insiders.

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About Pegasystems

Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.

Insider Buying and Selling by Quarter for Pegasystems (NASDAQ:PEGA)

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