Zacks Investment Research upgraded Pegasystems Inc. (NASDAQ:PEGA) to Hold in a report released today.
- Updated: October 5, 2016
Zacks Investment Research has upgraded Pegasystems Inc. (NASDAQ:PEGA) to Hold in a statement released on 10/05/2016.
Yesterday Pegasystems Inc. (NASDAQ:PEGA) traded 0.87% higher at $29.31. The company’s 50-day average is $27.23 and its two hundred day average is $26.66. The last stock price close is up 10.56% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 65,582 shares of Pegasystems Inc. were exchanged, down from an average trading volume of 251,720
With a total market value of $0, Pegasystems Inc. has price-earnings ratio of 57.79 with a one year low of $20.38 and a one year high of $30.23 .
A total of 5 brokers have issued a research note on the company. Two equity analysts rating the company a strong buy, one brokerage rating the company a buy, two brokers rating the stock a hold, 0 brokerages rating the company a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $30.80.
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, life sciences and other markets.
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