Pegasystems (PEGA) Expected to Announce Earnings on Wednesday

Pegasystems (NASDAQ:PEGA) is projected to post its quarterly earnings results after the market closes on Wednesday, February 12th. Analysts expect Pegasystems to post earnings of $1.47 per share and revenue of $470.83 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Pegasystems Stock Performance

Pegasystems stock opened at $108.58 on Wednesday. Pegasystems has a fifty-two week low of $47.82 and a fifty-two week high of $113.67. The firm’s 50-day simple moving average is $98.02 and its 200 day simple moving average is $81.77. The stock has a market cap of $9.31 billion, a PE ratio of 79.26 and a beta of 1.11.

Pegasystems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were paid a $0.03 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.11%. Pegasystems’s payout ratio is presently 8.76%.

Insiders Place Their Bets

In other news, insider Leon Trefler sold 752 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $93.83, for a total value of $70,560.16. Following the sale, the insider now directly owns 37,973 shares of the company’s stock, valued at approximately $3,563,006.59. This represents a 1.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Efstathios A. Kouninis sold 299 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $96.90, for a total transaction of $28,973.10. The disclosure for this sale can be found here. Insiders have sold a total of 12,003 shares of company stock worth $1,134,826 over the last 90 days. Corporate insiders own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PEGA shares. Royal Bank of Canada lifted their price target on Pegasystems from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Barclays boosted their price target on shares of Pegasystems from $82.00 to $103.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Wedbush increased their price target on shares of Pegasystems from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. StockNews.com raised shares of Pegasystems from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st. Finally, KeyCorp restated an “overweight” rating and set a $118.00 price target on shares of Pegasystems in a research note on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Pegasystems presently has a consensus rating of “Moderate Buy” and an average price target of $95.82.

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.