Wall Street brokerages forecast that Pegasystems Inc. (NASDAQ:PEGA) will report sales of $200.09 million for the current quarter, according to Zacks. Three analysts have provided estimates for Pegasystems’ earnings, with estimates ranging from $194.70 million to $207.32 million. Pegasystems reported sales of $179.82 million during the same quarter last year, which indicates a positive year-over-year growth rate of 11.3%. The firm is expected to report its next quarterly earnings results on Wednesday, November 14th.

According to Zacks, analysts expect that Pegasystems will report full-year sales of $890.74 million for the current year, with estimates ranging from $885.26 million to $895.76 million. For the next financial year, analysts anticipate that the company will post sales of $971.44 million, with estimates ranging from $924.09 million to $1.00 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Pegasystems.

Pegasystems (NASDAQ:PEGA) last announced its earnings results on Wednesday, August 8th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.35). The company had revenue of $196.78 million for the quarter, compared to the consensus estimate of $217.24 million. Pegasystems had a positive return on equity of 0.01% and a negative net margin of 0.43%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 EPS.

PEGA has been the subject of several research reports. BidaskClub raised Pegasystems from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. ValuEngine raised Pegasystems from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Wedbush reissued an “outperform” rating and issued a $76.00 price objective (down from $78.00) on shares of Pegasystems in a research report on Monday, August 6th. Finally, Zacks Investment Research raised Pegasystems from a “sell” rating to a “hold” rating in a research report on Wednesday, June 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $69.80.

Shares of PEGA traded up $1.68 during mid-day trading on Friday, hitting $55.60. The company’s stock had a trading volume of 9,329 shares, compared to its average volume of 440,468. Pegasystems has a one year low of $45.40 and a one year high of $67.95. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 246.84, a P/E/G ratio of 61.78 and a beta of 1.07.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Monday, October 1st were given a $0.03 dividend. The ex-dividend date was Friday, September 28th. This represents a $0.12 annualized dividend and a dividend yield of 0.22%. Pegasystems’s dividend payout ratio is 54.55%.

In related news, VP Efstathios A. Kouninis sold 403 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $63.50, for a total value of $25,590.50. Following the completion of the transaction, the vice president now directly owns 12,639 shares in the company, valued at $802,576.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard H. Jones sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $62.87, for a total value of $628,700.00. The disclosure for this sale can be found here. Insiders sold 27,869 shares of company stock valued at $1,742,669 over the last three months. 52.85% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of PEGA. Summit Trail Advisors LLC raised its stake in shares of Pegasystems by 5,334.8% in the first quarter. Summit Trail Advisors LLC now owns 120,815 shares of the technology company’s stock valued at $121,000 after purchasing an additional 118,592 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new position in shares of Pegasystems in the second quarter valued at $126,000. Global X Management Co LLC raised its stake in shares of Pegasystems by 1,041.1% in the second quarter. Global X Management Co LLC now owns 3,275 shares of the technology company’s stock valued at $179,000 after purchasing an additional 2,988 shares in the last quarter. Granahan Investment Management Inc. MA acquired a new position in shares of Pegasystems in the second quarter valued at $207,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Pegasystems in the first quarter valued at $218,000. Institutional investors and hedge funds own 45.38% of the company’s stock.

Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses, and supports software applications for marketing, sales automation, customer service, and operations in the United States and internationally. It provides Pega Platform, an application development product for clients to build and extend their own applications.

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Earnings History and Estimates for Pegasystems (NASDAQ:PEGA)

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