Pegasystems (PEGA) Scheduled to Post Quarterly Earnings on Wednesday

Pegasystems (NASDAQ:PEGA - Get Free Report) will post 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.Individual interested in listening to the company's earnings conference call can do so using this link.

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

Pegasystems Trading Up 0.4 %

NASDAQ PEGA traded up $0.22 during trading hours on Wednesday, reaching $58.94. The company's stock had a trading volume of 376,395 shares, compared to its average volume of 485,113. The firm has a fifty day simple moving average of $62.22 and a 200-day simple moving average of $52.41. The stock has a market cap of $4.95 billion, a P/E ratio of 83.02 and a beta of 1.06. Pegasystems has a 52 week low of $37.66 and a 52 week 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.

Pegasystems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were issued a $0.03 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.12 dividend on an annualized basis and a yield of 0.20%. Pegasystems's dividend payout ratio (DPR) is presently 16.90%.

Insider Activity

In other news, CFO Kenneth Stillwell sold 20,606 shares of Pegasystems stock in a transaction 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 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 Securities & Exchange Commission, which is accessible through this hyperlink. In other Pegasystems news, CFO Kenneth Stillwell sold 20,606 shares of the business's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $63.17, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Efstathios A. Kouninis sold 395 shares of the business's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $64.75, for a total transaction of $25,576.25. The disclosure for this sale can be found here. Insiders sold 43,792 shares of company stock worth $2,781,669 in the last quarter. 50.20% of the stock is owned by corporate insiders.

Institutional Trading of Pegasystems

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Pegasystems in the 1st quarter worth $1,054,000. Bank of Montreal Can grew its stake in shares of Pegasystems by 79.9% in the 1st quarter. Bank of Montreal Can now owns 8,964 shares of the technology company's stock worth $728,000 after acquiring an additional 3,982 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Pegasystems in the 1st quarter worth $1,059,000. Acadian Asset Management LLC grew its stake in shares of Pegasystems by 55.5% in the 1st quarter. Acadian Asset Management LLC now owns 7,429 shares of the technology company's stock worth $598,000 after acquiring an additional 2,653 shares in the last quarter. Finally, MetLife Investment Management LLC bought a new stake in shares of Pegasystems in the 1st quarter worth $205,000. Institutional investors own 46.89% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Barclays lowered their price target on shares of Pegasystems from $68.00 to $66.00 and set an "equal weight" rating for the company in a report on Monday. Wedbush restated an "outperform" rating and issued a $90.00 price target on shares of Pegasystems in a research report on Wednesday, April 10th. 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. Royal Bank of Canada boosted their price target on shares of Pegasystems from $65.00 to $77.00 and gave the stock an "outperform" rating in a research report on Friday, February 16th. Finally, The Goldman Sachs Group boosted their price target on shares of Pegasystems from $50.00 to $70.00 and gave the stock a "neutral" 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Pegasystems presently has an average rating of "Moderate Buy" and a consensus price target of $70.56.

About Pegasystems

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.