Pegasystems Inc. (PEGA) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Pegasystems Inc. (NASDAQ:PEGA) posted its quarterly earnings data on Wednesday. The technology company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01, Bloomberg Earnings reports. The business had revenue of $179.80 million during the quarter, compared to the consensus estimate of $200.15 million. Pegasystems had a return on equity of 13.06% and a net margin of 6.17%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 earnings per share.
Pegasystems (NASDAQ PEGA) traded down $4.82 during trading on Thursday, reaching $50.33. The company’s stock had a trading volume of 756,692 shares, compared to its average volume of 253,952. Pegasystems has a 12 month low of $30.98 and a 12 month high of $64.85. The firm has a market capitalization of $4,335.39, a P/E ratio of 98.60 and a beta of 1.35.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Monday, October 2nd were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date was Friday, September 29th. Pegasystems’s dividend payout ratio (DPR) is currently 19.67%.
In other news, SVP Leon Trefler sold 6,393 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $54.65, for a total value of $349,377.45. Following the completion of the transaction, the senior vice president now owns 16,680 shares in the company, valued at $911,562. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Larry Weber sold 500 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $55.55, for a total value of $27,775.00. Following the completion of the transaction, the director now owns 2,454 shares of the company’s stock, valued at approximately $136,319.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,395 shares of company stock valued at $1,039,104. Company insiders own 53.61% of the company’s stock.
Several equities research analysts have recently weighed in on PEGA shares. Zacks Investment Research downgraded Pegasystems from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. BidaskClub raised Pegasystems from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 16th. Finally, Mitsubishi UFJ Financial Group set a $57.00 price objective on Pegasystems and gave the company a “buy” rating in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Pegasystems currently has a consensus rating of “Hold” and an average target price of $63.00.
Pegasystems Company Profile
Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.
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