Pegasystems (NASDAQ:PEGA) Posts Quarterly Earnings Results, Hits Expectations

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.

In related news, SVP Leon Trefler sold 600 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $76.16, for a total value of $45,696.00. Following the completion of the transaction, the senior vice president now directly owns 9,121 shares in the company, valued at approximately $694,655.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Efstathios A. Kouninis sold 564 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $72.43, for a total transaction of $40,850.52. Following the completion of the transaction, the chief accounting officer now owns 1,612 shares of the company’s stock, valued at $116,757.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,494 shares of company stock valued at $1,804,964. Company insiders own 52.37% of the company’s stock.

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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Earnings History for Pegasystems (NASDAQ:PEGA)

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