Pegasystems (PEGA) Scheduled to Post Quarterly Earnings on Wednesday

Pegasystems (NASDAQ:PEGA - Get Free Report) is set to release its earnings data after the market closes on Wednesday, October 23rd. Analysts expect Pegasystems to post earnings of $0.35 per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Pegasystems (NASDAQ:PEGA - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.30. Pegasystems had a return on equity of 49.62% and a net margin of 8.72%. The business had revenue of $351.20 million during the quarter, compared to analyst estimates of $323.55 million. During the same quarter in the prior year, the business posted ($0.41) EPS. Pegasystems's revenue for the quarter was up 17.7% compared to the same quarter last year. On average, analysts expect Pegasystems to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Pegasystems Stock Performance

Pegasystems stock traded down $0.24 during mid-day trading on Wednesday, hitting $73.25. The company's stock had a trading volume of 133,436 shares, compared to its average volume of 536,956. The stock has a market cap of $6.23 billion, a PE ratio of 89.62 and a beta of 1.07. The company has a 50 day moving average of $69.23 and a 200-day moving average of $63.60. Pegasystems has a one year low of $37.66 and a one year high of $74.50.

Pegasystems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.16%. The ex-dividend date was Tuesday, October 1st. Pegasystems's payout ratio is 14.63%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PEGA shares. Wedbush reaffirmed an "outperform" rating and set a $90.00 target price on shares of Pegasystems in a research note on Monday, July 29th. Barclays raised their price target on Pegasystems from $69.00 to $74.00 and gave the stock an "equal weight" rating in a research report on Friday, July 26th. JMP Securities upgraded shares of Pegasystems from a "market perform" rating to an "outperform" rating and set a $85.00 target price on the stock in a research report on Wednesday, July 31st. Citigroup increased their target price on Pegasystems from $87.00 to $92.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Pegasystems from $78.00 to $83.00 and gave the stock an "overweight" rating in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $83.60.

Insiders Place Their Bets

In related news, CAO Efstathios A. Kouninis sold 750 shares of the company's stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $72.09, for a total transaction of $54,067.50. Following the completion of the sale, the chief accounting officer now owns 752 shares of the company's stock, valued at $54,211.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Pegasystems news, CAO Efstathios A. Kouninis sold 750 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $72.09, for a total value of $54,067.50. Following the transaction, the chief accounting officer now owns 752 shares in the company, valued at approximately $54,211.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Efstathios A. Kouninis sold 932 shares of the company's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $71.00, for a total transaction of $66,172.00. Following the transaction, the chief accounting officer now owns 2 shares in the company, valued at approximately $142. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,955 shares of company stock worth $3,206,247 in the last quarter. 50.10% of the stock is currently owned by corporate insiders.

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.