News articles about Pegasystems (NASDAQ:PEGA) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pegasystems earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 48.2442674615138 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
Shares of Pegasystems (NASDAQ PEGA) traded up $2.35 during midday trading on Wednesday, hitting $49.50. 419,100 shares of the company traded hands, compared to its average volume of 368,370. Pegasystems has a one year low of $39.65 and a one year high of $64.85. The stock has a market capitalization of $3,671.10, a PE ratio of 90.00 and a beta of 1.26.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend was Friday, December 29th. Pegasystems’s dividend payout ratio is currently 21.82%.
PEGA has been the subject of several analyst reports. TheStreet downgraded shares of Pegasystems from a “b-” rating to a “c” rating in a report on Wednesday, November 22nd. BidaskClub downgraded shares of Pegasystems from a “sell” rating to a “strong sell” rating in a report on Friday, January 26th. Finally, Zacks Investment Research raised shares of Pegasystems from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Pegasystems currently has an average rating of “Buy” and an average price target of $63.00.
In related news, CFO Kenneth Stillwell sold 830 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $49.92, for a total transaction of $41,433.60. Following the sale, the chief financial officer now owns 4,686 shares of the company’s stock, valued at $233,925.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Douglas I. Kra sold 1,164 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $49.90, for a total transaction of $58,083.60. Following the sale, the senior vice president now directly owns 25,664 shares in the company, valued at approximately $1,280,633.60. The disclosure for this sale can be found here. Insiders have sold 19,035 shares of company stock worth $940,525 in the last quarter. 53.61% of the stock is owned by corporate insiders.
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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.
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