$0.05 Earnings Per Share Expected for Pegasystems Inc. (NASDAQ:PEGA) This Quarter

Brokerages expect Pegasystems Inc. (NASDAQ:PEGA) to post earnings of $0.05 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Pegasystems’ earnings. The lowest EPS estimate is $0.00 and the highest is $0.14. Pegasystems reported earnings per share of ($0.12) during the same quarter last year, which suggests a positive year-over-year growth rate of 141.7%. The firm is expected to report its next earnings report on Tuesday, May 5th.

On average, analysts expect that Pegasystems will report full-year earnings of $0.17 per share for the current year, with EPS estimates ranging from $0.15 to $0.19. For the next year, analysts expect that the business will report earnings of $0.53 per share, with EPS estimates ranging from $0.46 to $0.57. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Pegasystems.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.18). Pegasystems had a negative net margin of 9.92% and a negative return on equity of 17.78%. The firm had revenue of $276.54 million during the quarter, compared to analyst estimates of $290.22 million. During the same period in the previous year, the firm posted $0.32 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year.

A number of brokerages have recently weighed in on PEGA. ValuEngine raised Pegasystems from a “hold” rating to a “buy” rating in a research note on Tuesday, March 17th. KeyCorp lifted their price objective on Pegasystems from $106.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. BidaskClub raised Pegasystems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Zacks Investment Research cut Pegasystems from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Pegasystems in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $96.71.

Shares of NASDAQ PEGA traded up $3.86 during trading on Friday, reaching $74.94. The stock had a trading volume of 441,100 shares, compared to its average volume of 419,766. Pegasystems has a fifty-two week low of $38.01 and a fifty-two week high of $103.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 1.34. The business’s 50-day moving average price is $85.10 and its 200-day moving average price is $79.06. The company has a market cap of $5.66 billion, a P/E ratio of -65.17 and a beta of 1.07.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be issued a $0.03 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.12 dividend on an annualized basis and a yield of 0.16%. Pegasystems’s dividend payout ratio (DPR) is presently -9.60%.

In related news, Director Richard H. Jones sold 14,000 shares of Pegasystems stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $80.09, for a total value of $1,121,260.00. Following the completion of the transaction, the director now directly owns 299,544 shares in the company, valued at $23,990,478.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 52.37% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. TPG Group Holdings SBS Advisors Inc. lifted its holdings in Pegasystems by 23.7% during the 3rd quarter. TPG Group Holdings SBS Advisors Inc. now owns 2,065,711 shares of the technology company’s stock worth $140,572,000 after buying an additional 395,247 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Pegasystems during the 3rd quarter worth about $122,000. Credit Suisse AG lifted its holdings in Pegasystems by 1.7% during the 4th quarter. Credit Suisse AG now owns 35,187 shares of the technology company’s stock worth $2,803,000 after buying an additional 581 shares during the last quarter. Amalgamated Bank lifted its holdings in Pegasystems by 5.9% during the 4th quarter. Amalgamated Bank now owns 10,264 shares of the technology company’s stock worth $818,000 after buying an additional 574 shares during the last quarter. Finally, State Street Corp lifted its holdings in Pegasystems by 1.3% during the 3rd quarter. State Street Corp now owns 520,539 shares of the technology company’s stock worth $35,438,000 after buying an additional 6,716 shares during the last quarter. Hedge funds and other institutional investors own 47.32% of the company’s stock.

About Pegasystems

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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