Pegasystems (PEGA) Set to Announce Earnings on Wednesday

Pegasystems (NASDAQ:PEGA) will be posting its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Pegasystems to post earnings of $0.49 per share for the quarter. Pegasystems has set its FY24 guidance at $2.75 EPS and its FY 2024 guidance at 2.750-2.750 EPS.Investors interested in participating in the company’s conference call can do so using this link.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.64. Pegasystems had a return on equity of 39.30% and a net margin of 4.73%. The firm had revenue of $474.23 million for the quarter, compared to analysts’ expectations of $428.76 million. On average, analysts expect Pegasystems to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Pegasystems Stock Up 0.4 %

Shares of NASDAQ PEGA opened at $58.72 on Wednesday. Pegasystems has a one year low of $37.66 and a one year high of $69.26. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.78 and a quick ratio of 1.78. The business’s fifty day moving average price is $62.03 and its 200-day moving average price is $52.37. The stock has a market capitalization of $4.93 billion, a PE ratio of 82.71 and a beta of 1.06.

Pegasystems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were given a dividend of $0.03 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.20%. Pegasystems’s dividend payout ratio is presently 16.90%.

Wall Street Analysts Forecast Growth

PEGA has been the topic of a number of recent research reports. Barclays dropped their price objective on Pegasystems from $68.00 to $66.00 and set an “equal weight” rating on the stock in a report on Monday. The Goldman Sachs Group increased their price objective on Pegasystems from $50.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. Royal Bank of Canada upped their target price on Pegasystems from $65.00 to $77.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. TheStreet upgraded Pegasystems from a “d+” rating to a “c” rating in a research note on Thursday, February 15th. Finally, Citigroup upped their target price on Pegasystems from $86.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Pegasystems presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.56.

Insiders Place Their Bets

In other Pegasystems news, CFO Kenneth Stillwell sold 20,606 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $63.17, for a total value of $1,301,681.02. Following the completion of the sale, the chief financial officer now owns 24,535 shares in the company, valued at approximately $1,549,875.95. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CAO Efstathios A. Kouninis sold 395 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $64.75, for a total value of $25,576.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kenneth Stillwell sold 20,606 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $63.17, for a total value of $1,301,681.02. Following the completion of the transaction, the chief financial officer now owns 24,535 shares of the company’s stock, valued at approximately $1,549,875.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,792 shares of company stock worth $2,781,669. 50.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PEGA. Quarry LP bought a new stake in shares of Pegasystems in the 4th quarter worth $29,000. KBC Group NV bought a new stake in shares of Pegasystems in the fourth quarter worth $49,000. Captrust Financial Advisors increased its position in Pegasystems by 109.8% in the first quarter. Captrust Financial Advisors now owns 1,326 shares of the technology company’s stock worth $107,000 after buying an additional 694 shares in the last quarter. Castleview Partners LLC purchased a new stake in Pegasystems in the first quarter worth about $70,000. Finally, Comerica Bank purchased a new stake in Pegasystems in the third quarter worth about $67,000. Hedge funds and other institutional investors own 46.89% of the company’s stock.

Pegasystems Company Profile

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.