Pegasystems (NASDAQ:PEGA) Releases Earnings Results, Beats Expectations By $0.04 EPS

Pegasystems (NASDAQ:PEGA) announced its quarterly earnings data on Wednesday. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04, Briefing.com reports. Pegasystems had a return on equity of 49.62% and a net margin of 8.72%. The company had revenue of $325.10 million during the quarter, compared to the consensus estimate of $326.16 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The company’s quarterly revenue was down 2.8% compared to the same quarter last year.

Pegasystems Stock Performance

Shares of NASDAQ PEGA traded up $10.23 during mid-day trading on Thursday, reaching $79.96. The company had a trading volume of 1,730,668 shares, compared to its average volume of 456,075. Pegasystems has a twelve month low of $37.66 and a twelve month high of $80.12. The stock has a market capitalization of $6.83 billion, a PE ratio of 55.15 and a beta of 1.07. The stock’s 50 day moving average is $69.99 and its 200-day moving average is $64.01.

Pegasystems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date was Tuesday, October 1st. Pegasystems’s dividend payout ratio (DPR) is presently 8.28%.

Insider Transactions at Pegasystems

In other news, CFO Kenneth Stillwell sold 1,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 17,262 shares of the company’s stock, valued at approximately $1,263,060.54. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Kenneth Stillwell sold 1,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 17,262 shares of the company’s stock, valued at approximately $1,263,060.54. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard H. Jones sold 15,271 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $69.25, for a total transaction of $1,057,516.75. Following the completion of the transaction, the director now directly owns 371,787 shares in the company, valued at $25,746,249.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,955 shares of company stock valued at $3,136,247. 50.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PEGA shares. Loop Capital upgraded Pegasystems from a “hold” rating to a “buy” rating and increased their price objective for the company from $68.00 to $84.00 in a research report on Thursday, August 1st. JMP Securities upgraded Pegasystems from a “market perform” rating to an “outperform” rating and set a $85.00 price objective for the company in a research report on Wednesday, July 31st. Citigroup increased their price objective on Pegasystems from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. increased their price objective on Pegasystems from $78.00 to $83.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, StockNews.com raised shares of Pegasystems from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 14th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $83.60.

About Pegasystems

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.