Pegasystems Inc. (PEGA) To Go Ex-Dividend on April 1st

Pegasystems Inc. (NASDAQ:PEGA) declared a quarterly dividend on Friday, March 21st, Wall Street Journal reports. Investors of record on Tuesday, April 1st will be given a dividend of 0.015 per share by the technology company on Tuesday, April 15th. This represents a $0.06 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date of this dividend is Tuesday, April 1st.

Pegasystems has a dividend payout ratio of 3.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Pegasystems to earn $2.16 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 5.6%.

Pegasystems Trading Down 4.1 %

NASDAQ:PEGA opened at $69.52 on Friday. The company has a 50-day moving average of $87.36 and a 200-day moving average of $85.66. Pegasystems has a twelve month low of $54.55 and a twelve month high of $113.67. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 68.83 and a beta of 1.25.

Pegasystems (NASDAQ:PEGA) last posted its quarterly 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, research analysts forecast that Pegasystems will post 1.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PEGA shares. JMP Securities reissued a “market outperform” rating and issued a $110.00 price target on shares of Pegasystems in a research note on Thursday, February 13th. Royal Bank of Canada lifted their target price on shares of Pegasystems from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Barclays reduced their price target on shares of Pegasystems from $103.00 to $97.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. StockNews.com cut shares of Pegasystems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $118.00 target price on shares of Pegasystems in a research report on Tuesday, January 14th. Three equities 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $99.36.

Insiders Place Their Bets

In related news, insider Rifat Kerim Akgonul sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $72.25, for a total value of $144,500.00. Following the completion of the sale, the insider now directly owns 56,534 shares in the company, valued at approximately $4,084,581.50. The trade was a 3.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Alan Trefler sold 31,500 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $70.93, for a total value of $2,234,295.00. Following the transaction, the chairman now owns 17,247,614 shares in the company, valued at approximately $1,223,373,261.02. This trade represents a 0.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 81,543 shares of company stock valued at $6,253,614 over the last ninety days. Corporate insiders own 50.10% of the company’s stock.

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.