Live Price Coverage: Time to Buy Pegasystems Inc. After Today’s Big Increase?

Live Price Coverage: Time to Buy Pegasystems Inc. After Today's Big Increase?

The stock of Pegasystems Inc. (NASDAQ:PEGA) is a huge mover today! The stock increased 12.90% or $3.8 during the last trading session, hitting $33.25. About 856,183 shares traded hands or 134.88% up from the average. Pegasystems Inc. (NASDAQ:PEGA) has risen 16.40% since April 1, 2016 and is uptrending. It has outperformed by 15.19% the S&P500.
The move comes after 7 months positive chart setup for the $2.54 billion company. It was reported on Nov, 3 by Barchart.com. We have $40.57 PT which if reached, will make NASDAQ:PEGA worth $558.80 million more.

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. 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. JMP Securities initiated Pegasystems Inc. (NASDAQ:PEGA) rating on Friday, September 11. JMP Securities has “Mkt Outperform” rating and $31 price target. The company was maintained on Friday, February 26 by Benchmark.

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 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.
Peak6 L P accumulated 1,825 shares or 0% of the stock. State Street owns 622,437 shares or 0% of their US portfolio. Analytic Investors Ltd Liability Company accumulated 35,132 shares or 0.01% of the stock. Envestnet Asset Management Inc accumulated 24,459 shares or 0% of the stock. Ladenburg Thalmann Financial Service, a Florida-based fund reported 1,120 shares. Parkside National Bank & Trust, a Missouri-based fund reported 186 shares. Polar Llp holds 0.2% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA) for 388,300 shares. Financial Bank Of New York Mellon reported 239,538 shares or 0% of all its holdings. Teachers Advisors Inc reported 58,598 shares or 0% of all its holdings. Herald Inv Mngmt Limited has invested 4.3% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA). The Illinois-based Archford Capital Strategies Limited Liability Company has invested 0.01% in Pegasystems Inc. (NASDAQ:PEGA). Moreover, Fiera Capital has 0.02% invested in Pegasystems Inc. (NASDAQ:PEGA) for 150,000 shares. The Pennsylvania-based Vanguard Group Inc Incorporated has invested 0% in Pegasystems Inc. (NASDAQ:PEGA). Voya Inv Mngmt Ltd Liability Corporation holds 0% or 17,000 shares in its portfolio. Oberweis Asset Mgmt Inc has 0.94% invested in the company for 116,997 shares.

Insider Transactions: Since May 9, 2016, the stock had 0 buys, and 42 sales for $2.42 million net activity. JONES RICHARD H sold $16,842 worth of stock or 600 shares. Another trade for 1,098 shares valued at $30,733 was made by KOUNINIS EFSTATHIOS A on Tuesday, June 7. 799 shares were sold by KRA DOUGLAS I, worth $21,597 on Friday, July 1. 16,700 shares with value of $466,097 were sold by WYMAN WILLIAM W on Friday, September 16. WEBER LARRY also sold $50,300 worth of Pegasystems Inc. (NASDAQ:PEGA) shares. Another trade for 9,416 shares valued at $241,050 was sold by KAPLAN STEVEN F. 9,135 Pegasystems Inc. (NASDAQ:PEGA) shares with value of $236,779 were sold by Trefler Leon.

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 a 52% Profit Boost” published on May 07, 2016, Fool.com published: “Pegasystems Inc. Posts Steady Growth Despite Industry Volatility” on August 04, 2016. 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 Nasdaq.com‘s news article titled: “Pegasystems Inc. (PEGA) Ex-Dividend Date Scheduled for September 29, 2016” with publication date: September 28, 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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