Equities analysts expect Pegasystems Inc. (NASDAQ:PEGA) to announce earnings of ($0.11) per share for the current quarter, Zacks reports. Three analysts have provided estimates for Pegasystems’ earnings. The highest EPS estimate is ($0.05) and the lowest is ($0.19). The company is expected to issue its next quarterly earnings report on Wednesday, August 14th.
On average, analysts expect that Pegasystems will report full-year earnings of $0.05 per share for the current financial year, with EPS estimates ranging from ($0.06) to $0.14. For the next year, analysts forecast that the business will report earnings of $0.34 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 analysts that that provide coverage for Pegasystems.
Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.24). Pegasystems had a negative return on equity of 4.85% and a negative net margin of 3.49%. The firm had revenue of $212.50 million during the quarter, compared to analysts’ expectations of $237.63 million. During the same period last year, the business posted $0.24 EPS. The company’s revenue was down 9.7% compared to the same quarter last year.
PEGA has been the subject of several analyst reports. Zacks Investment Research downgraded Pegasystems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 14th. TheStreet downgraded Pegasystems from a “b-” rating to a “c” rating in a research note on Wednesday, May 22nd. Wedbush restated an “outperform” rating and issued a $90.00 target price (up previously from $84.00) on shares of Pegasystems in a research note on Wednesday, May 8th. They noted that the move was a valuation call. BidaskClub upgraded Pegasystems from a “hold” rating to a “buy” rating in a research note on Saturday, May 18th. Finally, Benchmark restated a “buy” rating and issued a $80.00 target price (up previously from $72.00) on shares of Pegasystems in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $79.20.
PEGA traded up $0.21 during trading hours on Thursday, hitting $69.89. The stock had a trading volume of 33,627 shares, compared to its average volume of 358,143. Pegasystems has a 1 year low of $43.21 and a 1 year 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.
In other news, SVP Douglas I. Kra sold 3,498 shares of Pegasystems stock in a transaction dated Thursday, May 16th. The stock was 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 owns 39,280 shares in the company, valued at approximately $2,828,945.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard H. Jones sold 25,000 shares of Pegasystems stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $64.89, for a total value of $1,622,250.00. Following the sale, the director now owns 297,537 shares of the company’s stock, valued at approximately $19,307,175.93. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,277 shares of company stock valued at $3,385,775. Corporate insiders own 52.85% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC increased its stake in Pegasystems by 8.6% in the 1st quarter. FMR LLC now owns 1,080,075 shares of the technology company’s stock worth $70,205,000 after purchasing an additional 85,576 shares during the period. BlueMountain Capital Management LLC purchased a new position in Pegasystems in the 1st quarter worth approximately $164,000. North Run Capital LP purchased a new position in Pegasystems in the 1st quarter worth approximately $9,263,000. Zebra Capital Management LLC purchased a new position in Pegasystems in the 1st quarter worth approximately $262,000. Finally, Luxor Capital Group LP increased its stake in Pegasystems by 48.0% in the 1st quarter. Luxor Capital Group LP now owns 2,863,532 shares of the technology company’s stock worth $186,130,000 after purchasing an additional 929,282 shares during the period. Hedge funds and other institutional investors own 46.29% 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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