Pegasystems (PEGA) to Release Earnings on Tuesday

Pegasystems (NASDAQ:PEGA - Get Free Report) is projected to announce its earnings results after the market closes on Tuesday, April 22nd. Analysts expect the company to announce earnings of $0.46 per share and revenue of $357.20 million for the quarter. Pegasystems has set its FY 2025 guidance at 3.100-3.100 EPS.Parties interested in listening to the company's conference call can do so using this link.

Pegasystems (NASDAQ:PEGA - Get Free Report) last posted its earnings results on Wednesday, February 12th. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.20). Pegasystems had a return on equity of 32.09% and a net margin of 6.63%. On average, analysts expect Pegasystems to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Pegasystems Price Performance

Shares of NASDAQ:PEGA traded up $0.33 during midday trading on Friday, reaching $68.34. 671,413 shares of the company's stock were exchanged, compared to its average volume of 667,973. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 67.66 and a beta of 1.22. The firm's 50 day simple moving average is $74.08 and its two-hundred day simple moving average is $85.35. Pegasystems has a fifty-two week low of $54.55 and a fifty-two week high of $113.67.

Pegasystems Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were given a dividend of $0.015 per share. The ex-dividend date was Tuesday, April 1st. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.09%. Pegasystems's payout ratio is currently 11.88%.

Analysts Set New Price Targets

A number of brokerages recently commented on PEGA. DA Davidson lowered their target price on Pegasystems from $90.00 to $70.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Barclays dropped their price objective on shares of Pegasystems from $103.00 to $97.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. KeyCorp reduced their target price on shares of Pegasystems from $118.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday. Loop Capital cut their price objective on Pegasystems from $115.00 to $85.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Royal Bank of Canada lifted their target price on Pegasystems from $90.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Pegasystems currently has an average rating of "Moderate Buy" and an average target price of $97.27.

Insider Buying and Selling

In other news, CFO Kenneth Stillwell sold 2,000 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $69.75, for a total transaction of $139,500.00. Following the completion of the sale, the chief financial officer now owns 21,245 shares in the company, valued at approximately $1,481,838.75. This represents a 8.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Alan Trefler sold 31,500 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $77.38, for a total value of $2,437,470.00. Following the completion of the transaction, the chairman now owns 17,308,786 shares in the company, valued at $1,339,353,860.68. This trade represents a 0.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,791 shares of company stock worth $6,134,554 in the last ninety days. 50.10% of the stock is owned by corporate insiders.

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.