Pegasystems (NASDAQ:PEGA) Posts Earnings Results, Meets Expectations

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Pegasystems (NASDAQ:PEGA) issued its quarterly earnings results on Thursday. The technology company reported ($0.23) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.23), Briefing.com reports. The business had revenue of $216.70 million during the quarter, compared to analyst estimates of $216.68 million. Pegasystems had a negative net margin of 5.95% and a negative return on equity of 9.39%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.04 earnings per share.

PEGA stock traded down $4.50 during trading on Friday, hitting $71.90. 548,100 shares of the company’s stock traded hands, compared to its average volume of 326,273. Pegasystems has a 52 week low of $43.21 and a 52 week high of $79.67. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average price of $73.42 and a two-hundred day moving average price of $72.71.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.12 annualized dividend and a yield of 0.17%.

A number of analysts recently issued reports on the stock. BidaskClub upgraded shares of Pegasystems from a “sell” rating to a “hold” rating in a research note on Friday, October 4th. ValuEngine upgraded shares of Pegasystems from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Benchmark boosted their target price on shares of Pegasystems from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Friday. Finally, Wedbush boosted their target price on shares of Pegasystems from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Pegasystems presently has an average rating of “Buy” and a consensus price target of $81.80.

In other Pegasystems news, CAO Efstathios A. Kouninis sold 564 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $72.43, for a total transaction of $40,850.52. Following the sale, the chief accounting officer now owns 1,612 shares in the company, valued at approximately $116,757.16. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Michael R. Pyle sold 3,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $69.70, for a total value of $209,100.00. Following the sale, the vice president now owns 10,716 shares in the company, valued at approximately $746,905.20. The disclosure for this sale can be found here. Insiders sold a total of 25,494 shares of company stock valued at $1,804,964 over the last three months. 52.37% of the stock is owned by corporate insiders.

About Pegasystems

Pegasystems Inc develops, markets, licenses, and supports enterprise software applications in the United States, India, and internationally. 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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