Pegasystems Inc. (NASDAQ:PEGA) – Stock analysts at Wedbush decreased their Q4 2019 earnings estimates for Pegasystems in a research report issued to clients and investors on Thursday, August 8th. Wedbush analyst S. Koenig now anticipates that the technology company will earn $0.21 per share for the quarter, down from their prior estimate of $0.27. Wedbush currently has a “Outperform” rating and a $95.00 target price on the stock.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported ($0.50) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.33) by ($0.17). The company had revenue of $205.60 million for the quarter, compared to analyst estimates of $203.16 million. Pegasystems had a negative return on equity of 9.39% and a negative net margin of 5.95%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis.

A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Pegasystems from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 10th. BidaskClub cut shares of Pegasystems from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. UBS Group upped their price objective on shares of Pegasystems to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 7th. TheStreet cut shares of Pegasystems from a “b-” rating to a “c” rating in a research report on Wednesday, May 22nd. Finally, Benchmark reiterated a “buy” rating and set a $80.00 price objective (up from $72.00) on shares of Pegasystems in a research report on Wednesday, May 8th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $80.20.

PEGA stock opened at $71.55 on Monday. The stock’s 50 day moving average is $74.24. Pegasystems has a 1 year low of $43.21 and a 1 year high of $79.67. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.10.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date of this dividend was Friday, June 28th.

In other Pegasystems news, VP Efstathios A. Kouninis sold 1,365 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $73.50, for a total transaction of $100,327.50. Following the sale, the vice president now directly owns 865 shares of the company’s stock, valued at approximately $63,577.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael R. Pyle sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $75.66, for a total transaction of $226,980.00. Following the sale, the vice president now directly owns 11,259 shares in the company, valued at $851,855.94. The disclosure for this sale can be found here. Insiders have sold a total of 36,755 shares of company stock worth $2,680,969 over the last three months. Insiders own 52.37% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew its holdings in Pegasystems by 2.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,427 shares of the technology company’s stock worth $600,000 after acquiring an additional 236 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Pegasystems by 0.5% in the 1st quarter. California State Teachers Retirement System now owns 59,518 shares of the technology company’s stock valued at $3,869,000 after purchasing an additional 269 shares during the last quarter. Quantamental Technologies LLC boosted its stake in shares of Pegasystems by 542.2% in the 1st quarter. Quantamental Technologies LLC now owns 411 shares of the technology company’s stock valued at $27,000 after purchasing an additional 347 shares during the last quarter. Captrust Financial Advisors bought a new stake in shares of Pegasystems in the 2nd quarter valued at $32,000. Finally, LPL Financial LLC boosted its stake in shares of Pegasystems by 16.7% in the 2nd quarter. LPL Financial LLC now owns 4,282 shares of the technology company’s stock valued at $305,000 after purchasing an additional 612 shares during the last quarter. 46.69% of the stock is currently owned by hedge funds and other institutional investors.

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 and Estimates for Pegasystems (NASDAQ:PEGA)

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