Pegasystems (PEGA) to Release Earnings on Wednesday

Pegasystems (NASDAQ:PEGA) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $1.47 per share and revenue of $470.83 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Pegasystems Price Performance

PEGA stock opened at $104.79 on Tuesday. Pegasystems has a 1 year low of $47.82 and a 1 year high of $113.67. The firm has a market capitalization of $8.99 billion, a PE ratio of 76.49 and a beta of 1.11. The business has a 50 day simple moving average of $98.97 and a 200-day simple moving average of $83.06.

Pegasystems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.11%. The ex-dividend date was Thursday, January 2nd. Pegasystems’s payout ratio is currently 8.76%.

Insider Activity at Pegasystems

In other news, CAO Efstathios A. Kouninis sold 299 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $96.90, for a total transaction of $28,973.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kenneth Stillwell sold 6,200 shares of Pegasystems stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $94.67, for a total transaction of $586,954.00. Following the completion of the transaction, the chief financial officer now owns 18,466 shares of the company’s stock, valued at $1,748,176.22. This represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,003 shares of company stock worth $1,346,086. Corporate insiders own 50.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PEGA shares. Wedbush upped their price objective on shares of Pegasystems from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Citigroup increased their price target on shares of Pegasystems from $99.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Rosenblatt Securities raised their price target on shares of Pegasystems from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Royal Bank of Canada upped their price objective on Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, StockNews.com raised Pegasystems from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Pegasystems has a consensus rating of “Moderate Buy” and a consensus price target of $95.82.

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.