Pegasystems (PEGA) Set to Announce Quarterly Earnings on Wednesday

Pegasystems (NASDAQ:PEGA) will issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce 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.Parties that wish to listen to the company’s conference call can do so using this link.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.42 EPS for the quarter, topping the consensus estimate of $0.78 by $0.64. Pegasystems had a return on equity of 39.30% and a net margin of 4.73%. The company had revenue of $474.23 million during the quarter, compared to analyst estimates 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 Price Performance

NASDAQ:PEGA opened at $58.16 on Tuesday. Pegasystems has a 12 month low of $37.66 and a 12 month high of $69.26. The stock has a 50 day moving average of $62.71 and a two-hundred day moving average of $52.79. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.41. The firm has a market cap of $4.88 billion, a P/E ratio of 81.92 and a beta of 1.06.

Pegasystems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a dividend of $0.03 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.12 annualized dividend and a yield of 0.21%. Pegasystems’s dividend payout ratio (DPR) is currently 16.90%.

Insider Activity at Pegasystems

In related news, insider Leon Trefler sold 1,504 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $63.80, for a total value of $95,955.20. Following the transaction, the insider now directly owns 35,533 shares in the company, valued at $2,267,005.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Pegasystems news, CFO Kenneth Stillwell sold 2,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $66.43, for a total transaction of $132,860.00. Following the transaction, the chief financial officer now directly owns 16,000 shares in the company, valued at $1,062,880. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Leon Trefler sold 1,504 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $63.80, for a total value of $95,955.20. Following the transaction, the insider now owns 35,533 shares in the company, valued at $2,267,005.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,792 shares of company stock worth $2,781,669. Insiders own 50.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PEGA shares. Barclays dropped their price target on Pegasystems from $68.00 to $66.00 and set an “equal weight” rating for the company in a research report on Monday, April 15th. The Goldman Sachs Group upped their price target on Pegasystems from $50.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. TheStreet upgraded Pegasystems from a “d+” rating to a “c” rating in a research report on Thursday, February 15th. DA Davidson restated a “neutral” rating and issued a $60.00 price target on shares of Pegasystems in a research report on Monday, March 4th. Finally, Royal Bank of Canada upped their price target on Pegasystems from $65.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Pegasystems presently has a consensus rating of “Moderate Buy” and an average target price of $70.56.

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.