Brokerages Expect Pegasystems Inc. (NASDAQ:PEGA) to Post -$0.23 EPS

Analysts forecast that Pegasystems Inc. (NASDAQ:PEGA) will post ($0.23) earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Pegasystems’ earnings, with estimates ranging from ($0.30) to ($0.16). Pegasystems posted earnings per share of ($0.28) during the same quarter last year, which suggests a positive year-over-year growth rate of 17.9%. The business is expected to report its next earnings results on Tuesday, July 27th.

On average, analysts expect that Pegasystems will report full year earnings of $0.28 per share for the current financial year, with EPS estimates ranging from $0.23 to $0.33. For the next year, analysts anticipate that the business will post earnings of $0.84 per share, with EPS estimates ranging from $0.72 to $0.95. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Pegasystems.

Pegasystems (NASDAQ:PEGA) last announced its earnings results on Wednesday, April 28th. The technology company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.17. Pegasystems had a negative net margin of 4.00% and a negative return on equity of 18.54%. The company had revenue of $313.50 million for the quarter, compared to analysts’ expectations of $307.97 million. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 EPS.

PEGA has been the subject of a number of recent research reports. Macquarie increased their price objective on shares of Pegasystems from $165.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, June 4th. The Goldman Sachs Group lifted their price objective on Pegasystems from $145.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, February 25th. DA Davidson restated a “buy” rating on shares of Pegasystems in a report on Friday, February 19th. Royal Bank of Canada initiated coverage on Pegasystems in a research note on Thursday. They issued an “outperform” rating and a $150.00 target price for the company. Finally, Needham & Company LLC boosted their price target on shares of Pegasystems from $169.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, April 29th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Pegasystems currently has an average rating of “Buy” and a consensus price target of $150.67.

PEGA traded up $1.69 on Friday, reaching $130.25. 10,153 shares of the company’s stock were exchanged, compared to its average volume of 358,973. Pegasystems has a twelve month low of $89.32 and a twelve month high of $148.80. The firm has a market capitalization of $10.59 billion, a PE ratio of -245.98 and a beta of 1.18. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 1.23. The business has a fifty day moving average price of $122.76.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 15th. Stockholders of record on Thursday, April 1st were issued a $0.03 dividend. The ex-dividend date was Wednesday, March 31st. This represents a $0.12 annualized dividend and a dividend yield of 0.09%. Pegasystems’s dividend payout ratio is currently -8.76%.

In related news, insider Rifat Kerim Akgonul sold 2,470 shares of the stock in a transaction dated Wednesday, June 9th. The stock was sold at an average price of $127.72, for a total transaction of $315,468.40. Following the transaction, the insider now owns 47,746 shares of the company’s stock, valued at approximately $6,098,119.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Kenneth Stillwell sold 5,582 shares of the firm’s stock in a transaction dated Monday, May 3rd. The shares were sold at an average price of $124.61, for a total value of $695,573.02. Following the transaction, the chief financial officer now owns 10,155 shares of the company’s stock, valued at $1,265,414.55. The disclosure for this sale can be found here. Insiders sold a total of 10,012 shares of company stock valued at $1,253,796 in the last quarter. 50.50% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in PEGA. California Public Employees Retirement System lifted its holdings in Pegasystems by 7.6% during the 4th quarter. California Public Employees Retirement System now owns 97,152 shares of the technology company’s stock worth $12,946,000 after buying an additional 6,888 shares in the last quarter. George Kaiser Family Foundation raised its stake in shares of Pegasystems by 19.1% in the fourth quarter. George Kaiser Family Foundation now owns 44,900 shares of the technology company’s stock valued at $5,983,000 after acquiring an additional 7,201 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Pegasystems by 81.8% in the fourth quarter. JPMorgan Chase & Co. now owns 19,827 shares of the technology company’s stock valued at $2,642,000 after acquiring an additional 8,922 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Pegasystems by 27.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 19,688 shares of the technology company’s stock valued at $2,624,000 after purchasing an additional 4,223 shares during the period. Finally, ProShare Advisors LLC grew its stake in Pegasystems by 8.4% during the 4th quarter. ProShare Advisors LLC now owns 1,896 shares of the technology company’s stock worth $253,000 after purchasing an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 46.64% of the company’s stock.

Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software applications in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. 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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