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Pegasystems Inc. (NASDAQ:PEGA) has been upgraded to Hold in a report by Zacks Investment Research today.

Boasting a price of $27.99, Pegasystems Inc. (NASDAQ:PEGA) traded 0.43% higher on the day. The last stock price is up 6.42% relative to the 200-day moving average, compared with the S&P 500 Index which has fallen -0.01% over the same time period. PEGA has registered a 50-day average of $26.26 and 200-day moving average of $26.30. Trading volume was was up over the average, with 621,530 shares of PEGA changing hands over the typical 242,883 shares.

Zacks Investment Research has upgraded Pegasystems Inc.(NASDAQ:PEGA) to Hold in a statement released 9/17/2016.

See Graphic Below:

Pegasystems Inc. (NASDAQ:PEGA)

In addition to Zacks Investment Research reporting it’s price target, a total of 5 analysts have released a ratings update on the company. The one year target stock price is $30.80 with two analysts rating the stock a strong buy, one analyst rating the stock a buy, two firms rating the stock a hold, 0 rating the stock to underperform, and lastly 0 analysts rating the company as sell.

Pegasystems Inc. has a 52 week low of $20.38 and a one-year high of $30.23 with a PE ratio of 55 and has a market capitalization of $0.0.

Brief Synopsis About Pegasystems Inc. (NASDAQ:PEGA)

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 7 platform. Its software is designed to assist clients in building, deploying, and evolving enterprise applications. Its 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. It provides implementation, consulting, training, technical support and hosting services to facilitate the use of its software. The Company offers its services to financial, healthcare, insurance, manufacturing, and life sciences and other markets.

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