Brokerages predict that Pegasystems Inc. (NASDAQ:PEGA) will report ($0.14) earnings per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Pegasystems’ earnings. The highest EPS estimate is ($0.09) and the lowest is ($0.19). The firm is scheduled to issue its next quarterly earnings report on Wednesday, August 14th.
On average, analysts expect that Pegasystems will report full year earnings of $0.10 per share for the current year, with EPS estimates ranging from $0.06 to $0.14. For the next fiscal year, analysts anticipate that the company will post earnings of $0.40 per share, with EPS estimates ranging from $0.21 to $0.59. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Pegasystems.
Pegasystems (NASDAQ:PEGA) last issued its earnings results on Tuesday, May 7th. The technology company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.24). The firm had revenue of $212.50 million during the quarter, compared to analysts’ expectations of $237.63 million. Pegasystems had a negative return on equity of 4.85% and a negative net margin of 3.49%. The firm’s quarterly revenue was down 9.7% on a year-over-year basis. During the same period last year, the firm posted $0.24 earnings per share.
Shares of PEGA stock opened at $73.34 on Friday. Pegasystems has a 52 week low of $43.21 and a 52 week high of $76.49. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.86 and a quick ratio of 1.86.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be paid a $0.03 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.16%.
In related news, SVP Douglas I. Kra sold 3,498 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $72.02, for a total transaction of $251,925.96. Following the completion of the sale, the senior vice president now directly owns 39,280 shares in the company, valued at $2,828,945.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Douglas I. Kra sold 1,609 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $71.40, for a total transaction of $114,882.60. Following the sale, the senior vice president now owns 37,923 shares of the company’s stock, valued at $2,707,702.20. The disclosure for this sale can be found here. Insiders sold 26,427 shares of company stock valued at $1,891,636 over the last quarter. Company insiders own 52.85% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantamental Technologies LLC grew its position in Pegasystems by 542.2% during the first quarter. Quantamental Technologies LLC now owns 411 shares of the technology company’s stock valued at $27,000 after buying an additional 347 shares during the period. Lloyds Banking Group plc bought a new stake in Pegasystems during the fourth quarter valued at approximately $65,000. Dubuque Bank & Trust Co. bought a new stake in Pegasystems during the first quarter valued at approximately $212,000. SG Americas Securities LLC grew its position in Pegasystems by 17.9% during the fourth quarter. SG Americas Securities LLC now owns 4,159 shares of the technology company’s stock valued at $199,000 after buying an additional 631 shares during the period. Finally, NumerixS Investment Technologies Inc bought a new stake in Pegasystems during the first quarter valued at approximately $270,000. Institutional investors own 46.28% of the company’s stock.
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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