Pegasystems (PEGA) Scheduled to Post Earnings on Thursday

Pegasystems (NASDAQ:PEGAGet Rating) is set to release its earnings data after the market closes on Thursday, April 28th. Analysts expect Pegasystems to post earnings of ($0.17) per share for the quarter. Pegasystems has set its FY 2022 guidance at $0.750-$1.000 EPS and its FY22 guidance at $0.75-$1.00 EPS.

Pegasystems (NASDAQ:PEGAGet Rating) last issued its quarterly earnings data on Wednesday, February 16th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.08). Pegasystems had a negative return on equity of 16.51% and a negative net margin of 5.20%. The firm had revenue of $316.20 million for the quarter, compared to the consensus estimate of $342.86 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. The company’s revenue was up 5.9% on a year-over-year basis. On average, analysts expect Pegasystems to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NASDAQ:PEGA opened at $72.44 on Friday. Pegasystems has a 12-month low of $71.61 and a 12-month high of $143.66. The stock has a market cap of $5.91 billion, a PE ratio of -90.55 and a beta of 1.15. The business has a 50 day moving average of $79.97 and a 200-day moving average of $100.82. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 1.42.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Friday, April 1st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend was Thursday, March 31st. Pegasystems’s dividend payout ratio is presently -15.00%.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Pegasystems from a “sell” rating to a “hold” rating in a research report on Wednesday. TheStreet downgraded shares of Pegasystems from a “c-” rating to a “d+” rating in a research report on Thursday, January 27th. JMP Securities dropped their price target on shares of Pegasystems from $172.00 to $155.00 and set a “market outperform” rating for the company in a research report on Thursday, February 17th. StockNews.com downgraded shares of Pegasystems from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Macquarie dropped their price target on shares of Pegasystems from $150.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, February 18th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $131.30.

In other news, CFO Kenneth Stillwell sold 1,000 shares of the company’s stock in a transaction on Tuesday, February 1st. The shares were sold at an average price of $100.76, for a total transaction of $100,760.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 50.50% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. grew its stake in shares of Pegasystems by 260.2% in the fourth quarter. Advisors Asset Management Inc. now owns 1,214 shares of the technology company’s stock worth $136,000 after purchasing an additional 877 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Pegasystems in the third quarter worth $213,000. MML Investors Services LLC boosted its position in Pegasystems by 16.4% during the fourth quarter. MML Investors Services LLC now owns 2,175 shares of the technology company’s stock valued at $243,000 after acquiring an additional 307 shares during the last quarter. Virtu Financial LLC bought a new stake in Pegasystems during the fourth quarter valued at $358,000. Finally, Guggenheim Capital LLC bought a new stake in Pegasystems during the fourth quarter valued at $462,000. 47.55% of the stock is currently owned by institutional investors.

Pegasystems Company Profile (Get Rating)

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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Earnings History for Pegasystems (NASDAQ:PEGA)

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