According to Zacks, “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. “
Several other research firms have also commented on PEGA. BidaskClub lowered shares of ZIX from a strong-buy rating to a buy rating in a research report on Friday, June 7th. UBS Group reiterated a buy rating and issued a $25.00 price target on shares of Infineon Technologies in a research report on Tuesday, May 7th. Benchmark reiterated a buy rating and issued a $80.00 price target (up from $72.00) on shares of Pegasystems in a research report on Wednesday, May 8th. Wedbush reiterated an outperform rating on shares of Purple Innovation in a research report on Wednesday, May 8th. Finally, TheStreet downgraded shares of Wayside Technology Group from a b- rating to a c rating in a research note on Wednesday, May 22nd. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $79.20.
PEGA stock opened at $78.10 on Wednesday. The firm has a 50 day simple moving average of $72.38. Pegasystems has a 12 month low of $43.21 and a 12 month high of $78.61. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.08.
Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.24). The business had revenue of $212.50 million during the quarter, compared to analyst estimates of $237.63 million. Pegasystems had a negative net margin of 3.49% and a negative return on equity of 4.85%. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 earnings per share. Equities analysts anticipate that Pegasystems will post -0.65 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.15%. The ex-dividend date is Friday, June 28th.
In related news, CAO Efstathios A. Kouninis sold 500 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $70.00, for a total transaction of $35,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Douglas I. Kra sold 3,498 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $72.02, for a total transaction of $251,925.96. Following the transaction, the senior vice president now directly owns 39,280 shares in the company, valued at approximately $2,828,945.60. The disclosure for this sale can be found here. Insiders have sold 30,251 shares of company stock worth $2,178,587 in the last three months. Insiders own 52.37% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in PEGA. Norges Bank purchased a new position in Pegasystems during the fourth quarter worth approximately $20,310,000. Deutsche Bank AG raised its stake in Pegasystems by 138.7% during the fourth quarter. Deutsche Bank AG now owns 130,169 shares of the technology company’s stock worth $6,224,000 after purchasing an additional 75,640 shares during the period. Laurion Capital Management LP purchased a new position in Pegasystems during the first quarter worth approximately $1,711,000. TimesSquare Capital Management LLC raised its stake in Pegasystems by 19.3% during the first quarter. TimesSquare Capital Management LLC now owns 700,975 shares of the technology company’s stock worth $45,563,000 after purchasing an additional 113,275 shares during the period. Finally, Geode Capital Management LLC raised its stake in Pegasystems by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 396,185 shares of the technology company’s stock worth $18,949,000 after purchasing an additional 16,476 shares during the period. 46.28% of the stock is currently owned by institutional investors and hedge funds.
Pegasystems Inc develops, markets, licenses, and supports enterprise software applications in the United States, India, and internationally. It provides Pega Platform, an application development product for clients; and Pega Infinity, a software platform that unifies customer engagement and digital process automation.
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