Pegasystems (PEGA) Set to Announce Earnings on Wednesday

Pegasystems (NASDAQ:PEGA) is set to post its quarterly earnings results after the market closes on Wednesday, October 23rd. Analysts expect Pegasystems to post earnings of $0.35 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.30. The company had revenue of $351.20 million for the quarter, compared to analyst estimates of $323.55 million. Pegasystems had a net margin of 8.72% and a return on equity of 49.62%. The firm’s revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.41) EPS. On average, analysts expect Pegasystems to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Pegasystems Price Performance

Shares of NASDAQ:PEGA opened at $73.49 on Wednesday. Pegasystems has a one year low of $37.66 and a one year high of $74.50. The company has a market cap of $6.25 billion, a price-to-earnings ratio of 89.62 and a beta of 1.07. The firm has a 50 day simple moving average of $69.23 and a 200 day simple moving average of $63.60.

Pegasystems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were given a dividend of $0.03 per share. The ex-dividend date was Tuesday, October 1st. This represents a $0.12 dividend on an annualized basis and a yield of 0.16%. Pegasystems’s dividend payout ratio is currently 14.63%.

Insider Buying and Selling at Pegasystems

In related news, CAO Efstathios A. Kouninis sold 750 shares of Pegasystems stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $72.09, for a total value of $54,067.50. Following the completion of the sale, the chief accounting officer now owns 752 shares of the company’s stock, valued at approximately $54,211.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Pegasystems news, CAO Efstathios A. Kouninis sold 750 shares of Pegasystems stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $72.09, for a total transaction of $54,067.50. Following the completion of the transaction, the chief accounting officer now owns 752 shares in the company, valued at approximately $54,211.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kenneth Stillwell sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $73.17, for a total value of $73,170.00. Following the completion of the transaction, the chief financial officer now owns 17,262 shares in the company, valued at $1,263,060.54. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,955 shares of company stock valued at $3,206,247. Company insiders own 50.10% of the company’s stock.

Analysts Set New Price Targets

PEGA has been the subject of a number of research reports. StockNews.com upgraded shares of Pegasystems from a “buy” rating to a “strong-buy” rating in a report on Monday. Wedbush restated an “outperform” rating and issued a $90.00 price objective on shares of Pegasystems in a report on Monday, July 29th. William Blair raised shares of Pegasystems from a “market perform” rating to an “outperform” rating in a research report on Tuesday, July 30th. Royal Bank of Canada boosted their price objective on Pegasystems from $77.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $90.00 target price on shares of Pegasystems in a research note on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Pegasystems currently has an average rating of “Moderate Buy” and a consensus target price of $83.60.

Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients’ processes and workflows.