Equities analysts predict that Pegasystems Inc. (NASDAQ:PEGA) will announce $202.03 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Pegasystems’ earnings. The highest sales estimate is $205.30 million and the lowest is $199.69 million. Pegasystems reported sales of $196.78 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2.7%. The company is expected to report its next earnings results on Wednesday, August 14th.

On average, analysts expect that Pegasystems will report full-year sales of $914.98 million for the current financial year, with estimates ranging from $880.48 million to $944.55 million. For the next financial year, analysts anticipate that the company will report sales of $1.03 billion, with estimates ranging from $965.98 million to $1.07 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Pegasystems.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.31) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.24). Pegasystems had a negative return on equity of 4.85% and a negative net margin of 3.49%. The company had revenue of $212.50 million for the quarter, compared to analyst estimates of $237.63 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. Pegasystems’s revenue was down 9.7% compared to the same quarter last year.

A number of brokerages recently issued reports on PEGA. Zacks Investment Research upgraded shares of Pegasystems from a “strong sell” rating to a “hold” rating and set a $67.00 target price for the company in a research report on Tuesday, February 19th. BidaskClub raised Pegasystems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 27th. Wedbush reissued an “outperform” rating and issued a $84.00 price objective (up previously from $80.00) on shares of Pegasystems in a research note on Wednesday, February 27th. TheStreet raised Pegasystems from a “c” rating to a “b-” rating in a research note on Friday, March 22nd. Finally, UBS Group raised their price objective on Pegasystems to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. One analyst has rated the stock with a sell rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $79.20.

In related news, SVP Douglas I. Kra sold 3,498 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $72.02, for a total transaction of $251,925.96. Following the completion of the transaction, the senior vice president now directly owns 39,280 shares in the company, valued at $2,828,945.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Kenneth Stillwell sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $73.70, for a total value of $73,700.00. Following the transaction, the chief financial officer now owns 6,369 shares of the company’s stock, valued at $469,395.30. The disclosure for this sale can be found here. Insiders have sold 51,277 shares of company stock worth $3,385,775 over the last quarter. 52.85% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of PEGA. Quantamental Technologies LLC boosted its holdings in shares of Pegasystems by 542.2% in the 1st quarter. Quantamental Technologies LLC now owns 411 shares of the technology company’s stock worth $27,000 after purchasing an additional 347 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Pegasystems by 46.1% in the 4th quarter. Parallel Advisors LLC now owns 792 shares of the technology company’s stock worth $37,000 after purchasing an additional 250 shares in the last quarter. Tyers Asset Management LLC purchased a new position in shares of Pegasystems in the 1st quarter worth about $53,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Pegasystems by 21.9% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 841 shares of the technology company’s stock worth $55,000 after purchasing an additional 151 shares in the last quarter. Finally, Lloyds Banking Group plc purchased a new position in shares of Pegasystems in the 4th quarter worth about $65,000. Hedge funds and other institutional investors own 46.29% of the company’s stock.

NASDAQ:PEGA traded up $0.21 during midday trading on Friday, hitting $69.89. 33,627 shares of the company were exchanged, compared to its average volume of 358,143. Pegasystems has a fifty-two week low of $43.21 and a fifty-two week high of $76.49. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.08.

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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Earnings History and Estimates for Pegasystems (NASDAQ:PEGA)

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