Pegasystems (NASDAQ:PEGA) released its quarterly earnings data on Thursday. The technology company reported ($0.23) EPS for the quarter, meeting the consensus estimate of ($0.23), Briefing.com reports. The business had revenue of $216.70 million for the quarter, compared to the consensus estimate of $216.68 million. Pegasystems had a negative net margin of 5.95% and a negative return on equity of 9.39%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.04 EPS.
Shares of PEGA traded down $4.50 during trading hours on Friday, hitting $71.90. The stock had a trading volume of 548,100 shares, compared to its average volume of 326,273. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.72 and a current ratio of 1.72. The firm has a 50-day moving average price of $73.42 and a 200 day moving average price of $72.71. Pegasystems has a fifty-two week low of $43.21 and a fifty-two week high of $79.67.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.17%. The ex-dividend date was Monday, September 30th.
Several analysts have recently commented on the stock. ValuEngine raised shares of Pegasystems from a “hold” rating to a “buy” rating in a report on Friday, November 1st. BidaskClub raised shares of Pegasystems from a “sell” rating to a “hold” rating in a report on Friday, October 4th. Finally, Wedbush upped their price objective on shares of Pegasystems from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Pegasystems currently has an average rating of “Buy” and a consensus price target of $80.20.
Pegasystems Company Profile
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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