Stock of the Day: What’s Next for Pegasystems Inc. After Achieving 52-Week High?

Stock of the Day: What's Next for Pegasystems Inc. After Achieving 52 Week High?

The stock of Pegasystems Inc. (NASDAQ:PEGA) hit a new 52-week high and has $41.91 target or 27.00% above today’s $33.00 share price. The 9 months bullish chart indicates low risk for the $2.52B company. The 1-year high was reported on Nov, 3 by Barchart.com. If the $41.91 price target is reached, the company will be worth $680.40 million 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 454,643 shares traded hands or 24.73% 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.

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) on Wednesday, October 28 with “Hold” rating. As per Friday, February 26, the company rating was maintained by Benchmark. The stock of Pegasystems Inc. (NASDAQ:PEGA) has “Mkt Outperform” rating given on Friday, September 11 by JMP Securities.

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 Q2 2016. Its down 0.46, from 1.29 in 2016Q1. The ratio dropped, 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.
Citigroup, a New York-based fund reported 4,539 shares. Invesco Ltd has 0% invested in the company for 39,335 shares. Pnc Fincl Grp Inc holds 7,776 shares or 0% of its portfolio. Manufacturers Life Ins Company The owns 25,571 shares or 0% of their US portfolio. Pub Employees Retirement Association Of Colorado last reported 13,908 shares in the company. Spark Invest Ltd Co last reported 0.04% of its portfolio in the stock. Moreover, Analytic Ltd Liability Corporation has 0.01% invested in Pegasystems Inc. (NASDAQ:PEGA) for 35,132 shares. Lazard Asset Mgmt Ltd Liability has invested 0.01% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA). California State Teachers Retirement, a California-based fund reported 75,647 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 873 shares or 0% of its portfolio. Grp Inc accumulated 20,767 shares or 0% of the stock. Legal And General Public Limited Com owns 9,285 shares or 0% of their US portfolio. Federated Invsts Inc Pa accumulated 0% or 16,372 shares. Blackrock Advsrs Lc, a Delaware-based fund reported 160,128 shares. Royal Bank Of Canada accumulated 0.02% or 950,345 shares.

Insider Transactions: Since May 9, 2016, the stock had 0 insider purchases, and 42 insider sales for $2.42 million net activity. On Monday, August 1 JONES RICHARD H sold $33,468 worth of the stock or 1,200 shares. Shares for $50,300 were sold by WEBER LARRY on Monday, August 15. KOUNINIS EFSTATHIOS A sold $30,733 worth of stock. KRA DOUGLAS I also sold $22,418 worth of Pegasystems Inc. (NASDAQ:PEGA) shares. WYMAN WILLIAM W had sold 16,700 shares worth $466,097 on Friday, September 16. $236,779 worth of Pegasystems Inc. (NASDAQ:PEGA) shares were sold by Trefler Leon. $241,050 worth of Pegasystems Inc. (NASDAQ:PEGA) was sold by KAPLAN STEVEN F on Friday, August 19.

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 Fool.com‘s news article titled: “Pegasystems Inc. Announces Strong Sales Growth and an Aggressive 2016 Outlook” with publication date: February 26, 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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