Equities analysts expect that Pegasystems Inc. (NASDAQ:PEGA) will report sales of $200.09 million for the current quarter, according to Zacks. Three analysts have issued estimates for Pegasystems’ earnings, with the highest sales estimate coming in at $207.32 million and the lowest estimate coming in at $194.70 million. Pegasystems posted sales of $179.82 million in the same quarter last year, which suggests a positive year over year growth rate of 11.3%. The company is scheduled to report its next earnings results on Wednesday, November 14th.
On average, analysts expect that Pegasystems will report full-year sales of $890.74 million for the current financial year, with estimates ranging from $885.26 million to $895.76 million. For the next year, analysts anticipate that the firm will report sales of $971.44 million, with estimates ranging from $924.09 million to $1.00 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Pegasystems.
Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, August 8th. The technology company reported ($0.16) EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.35). Pegasystems had a positive return on equity of 0.01% and a negative net margin of 0.43%. The firm had revenue of $196.78 million during the quarter, compared to the consensus estimate of $217.24 million. During the same period in the prior year, the firm posted $0.05 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis.
A number of brokerages have recently issued reports on PEGA. BidaskClub lowered Pegasystems from a “hold” rating to a “sell” rating in a research report on Tuesday, August 21st. Zacks Investment Research raised Pegasystems from a “sell” rating to a “hold” rating in a research report on Wednesday, June 27th. Wedbush reaffirmed an “outperform” rating and set a $76.00 target price (down from $78.00) on shares of Pegasystems in a research report on Monday, August 6th. Finally, ValuEngine raised Pegasystems from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $69.80.
In other news, Director Richard H. Jones sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $62.87, for a total transaction of $628,700.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kenneth Stillwell sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $55.85, for a total value of $55,850.00. The disclosure for this sale can be found here. Insiders have sold 27,869 shares of company stock worth $1,742,669 over the last ninety days. 52.85% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of PEGA. Summit Trail Advisors LLC grew its holdings in shares of Pegasystems by 5,334.8% during the first quarter. Summit Trail Advisors LLC now owns 120,815 shares of the technology company’s stock valued at $121,000 after buying an additional 118,592 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new position in shares of Pegasystems during the second quarter valued at $126,000. Global X Management Co LLC grew its holdings in shares of Pegasystems by 1,041.1% during the second quarter. Global X Management Co LLC now owns 3,275 shares of the technology company’s stock valued at $179,000 after buying an additional 2,988 shares in the last quarter. Granahan Investment Management Inc. MA purchased a new position in shares of Pegasystems during the second quarter valued at $207,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Pegasystems during the first quarter valued at $218,000. Institutional investors and hedge funds own 45.38% of the company’s stock.
PEGA opened at $54.00 on Friday. The firm has a market capitalization of $4.92 billion, a PE ratio of 243.41, a PEG ratio of 61.78 and a beta of 1.07. Pegasystems has a one year low of $45.40 and a one year high of $67.95.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Monday, October 1st will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend is Friday, September 28th. Pegasystems’s dividend payout ratio (DPR) is presently 54.55%.
Pegasystems Company Profile
Pegasystems Inc develops, markets, licenses, and supports software applications for marketing, sales automation, customer service, and operations in the United States and internationally. It provides Pega Platform, an application development product for clients to build and extend their own applications.
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