Pegasystems (PEGA) Set to Announce Quarterly Earnings on Wednesday

Pegasystems (NASDAQ:PEGAGet Rating) will issue its quarterly earnings data after the market closes on Wednesday, July 27th. Parties that wish to register for the company’s conference call can do so using this link.

Pegasystems (NASDAQ:PEGAGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.52. Pegasystems had a negative return on equity of 10.05% and a negative net margin of 4.46%. The company had revenue of $376.30 million for the quarter, compared to analyst estimates of $363.95 million. During the same quarter in the prior year, the company posted ($0.03) EPS. The business’s revenue for the quarter was up 20.0% compared to the same quarter last year. On average, analysts expect Pegasystems to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Pegasystems Trading Up 3.6 %

Shares of Pegasystems stock opened at $47.75 on Wednesday. Pegasystems has a fifty-two week low of $36.50 and a fifty-two week high of $142.55. The firm has a market cap of $3.91 billion, a PE ratio of -66.32 and a beta of 1.09. The business’s fifty day moving average is $49.14 and its two-hundred day moving average is $72.25. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.45.

Pegasystems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Thursday, June 30th. Pegasystems’s dividend payout ratio is presently -16.67%.

Analyst Upgrades and Downgrades

PEGA has been the topic of a number of recent analyst reports. Truist Financial lowered Pegasystems from a “buy” rating to a “hold” rating and reduced their price target for the stock from $110.00 to $60.00 in a research note on Wednesday, May 11th. Barclays reduced their price target on Pegasystems from $80.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Monday. Loop Capital cut their target price on Pegasystems from $60.00 to $50.00 and set a “hold” rating on the stock in a research report on Friday, June 17th. StockNews.com lowered Pegasystems from a “buy” rating to a “hold” rating in a research report on Sunday, May 8th. Finally, Royal Bank of Canada cut their target price on Pegasystems from $125.00 to $105.00 in a research report on Friday, June 3rd. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $87.11.

Institutional Trading of Pegasystems

Several large investors have recently added to or reduced their stakes in PEGA. Capital Research Global Investors increased its holdings in Pegasystems by 119.1% in the 1st quarter. Capital Research Global Investors now owns 2,142,547 shares of the technology company’s stock valued at $172,796,000 after purchasing an additional 1,164,581 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Pegasystems in the 1st quarter valued at $12,769,000. EVR Research LP acquired a new stake in Pegasystems in the 1st quarter valued at $6,210,000. Goldman Sachs Group Inc. increased its holdings in Pegasystems by 13.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 399,183 shares of the technology company’s stock valued at $32,194,000 after purchasing an additional 45,852 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Pegasystems in the 1st quarter valued at $1,059,000. 48.55% of the stock is currently owned by institutional investors and hedge funds.

About Pegasystems

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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.

See Also

Earnings History for Pegasystems (NASDAQ:PEGA)

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