Wall Street analysts forecast that Pegasystems Inc. (NASDAQ:PEGA) will post earnings of ($0.06) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Pegasystems’ earnings, with the highest EPS estimate coming in at ($0.03) and the lowest estimate coming in at ($0.08). Pegasystems reported earnings per share of $0.04 during the same quarter last year, which would indicate a negative year-over-year growth rate of 250%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, November 6th.
On average, analysts expect that Pegasystems will report full-year earnings of ($0.04) per share for the current financial year, with EPS estimates ranging from ($0.11) to $0.03. For the next financial year, analysts expect that the firm will report earnings of $0.42 per share, with EPS estimates ranging from $0.24 to $0.59. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Pegasystems.
Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.17). The company had revenue of $205.60 million for the quarter, compared to analysts’ expectations of $203.16 million. Pegasystems had a negative net margin of 5.95% and a negative return on equity of 9.39%. The firm’s revenue was up 4.5% on a year-over-year basis.
PEGA has been the topic of a number of research reports. TheStreet downgraded shares of Pegasystems from a “b-” rating to a “c” rating in a report on Wednesday, May 22nd. Wedbush raised their price objective on shares of Pegasystems from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Zacks Investment Research raised shares of Pegasystems from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 10th. Benchmark reissued a “buy” rating and issued a $80.00 price objective (up previously from $72.00) on shares of Pegasystems in a report on Wednesday, May 8th. Finally, BidaskClub downgraded shares of Pegasystems from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $80.20.
In other Pegasystems news, Director Richard H. Jones sold 1,700 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $71.59, for a total transaction of $121,703.00. Following the sale, the director now owns 298,107 shares in the company, valued at approximately $21,341,480.13. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Efstathios A. Kouninis sold 1,365 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $73.50, for a total transaction of $100,327.50. Following the sale, the vice president now owns 865 shares in the company, valued at approximately $63,577.50. The disclosure for this sale can be found here. In the last three months, insiders sold 36,755 shares of company stock worth $2,680,969. 52.37% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its stake in Pegasystems by 2.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,427 shares of the technology company’s stock worth $600,000 after acquiring an additional 236 shares during the period. California State Teachers Retirement System raised its stake in Pegasystems by 0.5% during the 1st quarter. California State Teachers Retirement System now owns 59,518 shares of the technology company’s stock worth $3,869,000 after acquiring an additional 269 shares during the period. Quantamental Technologies LLC raised its stake in Pegasystems by 542.2% during the 1st quarter. Quantamental Technologies LLC now owns 411 shares of the technology company’s stock worth $27,000 after acquiring an additional 347 shares during the period. Captrust Financial Advisors bought a new stake in Pegasystems during the 2nd quarter worth approximately $32,000. Finally, LPL Financial LLC raised its stake in Pegasystems by 16.7% during the 2nd quarter. LPL Financial LLC now owns 4,282 shares of the technology company’s stock worth $305,000 after acquiring an additional 612 shares during the period. Institutional investors own 46.69% of the company’s stock.
Shares of PEGA traded up $0.86 on Tuesday, reaching $71.55. The company’s stock had a trading volume of 208,991 shares, compared to its average volume of 351,400. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.10. The company’s 50 day moving average price is $74.24. Pegasystems has a 12-month low of $43.21 and a 12-month high of $79.67.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date was Friday, June 28th.
Pegasystems Company Profile
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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