Pegasystems Inc. (NASDAQ: PEGA) stock jumped 2.73% on Monday to $52.70 against a previous-day closing price of $51.30. With 0.68 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.24 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $52.85 whereas the lowest price it dropped to was $51.28. The 52-week range on PEGA shows that it touched its highest point at $59.23 and its lowest point at $32.62 during that stretch. It currently has a 1-year price target of $52.18. With its current market cap of 4.40 billion, PEGA has annualized dividend of $0.12 while the current yield stands at 0.22%. Beta for the stock currently stands at 1.07.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PEGA was up-trending over the past week, with a rise of 17.03%, but this was up by 33.42% over a month. Three-month performance surged to 12.70% while six-month performance rose 13.80%. The stock gained 43.48% in the past year, while it has gained 53.91% so far this year. A look at the trailing 12-month EPS for PEGA yields -0.51 with Next year EPS estimates of 2.51. For the next quarter, that number is 1.00. This implies an EPS growth rate of 136.39% for this year and 47.73% for next year.
Float and Shares Shorts:
At present, 82.44 million PEGA shares are outstanding with a float of 39.19 million shares on hand for trading. On Oct 30, 2023, short shares totaled 1.02 million, which was 1.21% higher than short shares on Sep 28, 2023. In addition to Mr. Alan Trefler as the firm’s Founder, CEO & Chairman of the Board, Mr. Kenneth R. Stillwell Jr. serves as its COO & CFO.
Institutional Ownership:
Through their ownership of 48.07% of PEGA’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PEGA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PEGA analysts setting a high price target of $65.00 and a low target of $44.00, the average target price over the next 12 months is $52.18. Based on these targets, PEGA could surge 23.34% to reach the target high and fall by -16.51% to reach the target low. Reaching the average price target will result in a decline of -0.99% from current levels.
Dividends & Yield:
In terms of dividends, PEGA has a current ratio of $0.12, which is $0.12 over the trailing 12-months, while a dividend of $0.12 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and PEGA currently yields $0.23. In the past year, PEGA’s dividend yield has been $0.23, but when looking at the stock over the past five years, its yield has been $0.18. Accordingly, PEGA has a current buyback yield of $0.11. This was $0.11 for the TTM, and it was $1.39 for the past five years.
Summary of Insider Activity:
Insiders traded PEGA stock several times over the past three months with 23 Buys and 26 Sells. In these transactions, 11,945 shares were bought while 6,890 shares were sold. The number of buy transactions has increased to 105 while that of sell transactions has risen to 118 over the past year. The total number of shares bought during that period was 76,110 while 79,257 shares were sold.
