Pegasystems (NASDAQ:PEGA – Get Free Report) released its quarterly earnings data on Wednesday. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04, Briefing.com reports. Pegasystems had a return on equity of 49.62% and a net margin of 8.72%. The company had revenue of $325.10 million for the quarter, compared to the consensus estimate of $326.16 million. During the same quarter last year, the business posted $0.14 EPS. Pegasystems’s revenue for the quarter was down 2.8% on a year-over-year basis.
Pegasystems Stock Up 14.7 %
PEGA stock opened at $79.96 on Friday. The stock’s 50 day moving average is $69.99 and its 200-day moving average is $64.01. Pegasystems has a twelve month low of $37.66 and a twelve month high of $80.12. The firm has a market capitalization of $6.83 billion, a PE ratio of 55.15 and a beta of 1.07.
Pegasystems Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date was Tuesday, October 1st. Pegasystems’s dividend payout ratio is currently 8.28%.
Insider Activity at Pegasystems
Analysts Set New Price Targets
Several analysts have recently weighed in on PEGA shares. StockNews.com upgraded Pegasystems from a “buy” rating to a “strong-buy” rating in a report on Friday. Citigroup upped their price target on shares of Pegasystems from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. The Goldman Sachs Group lifted their price target on shares of Pegasystems from $70.00 to $78.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Barclays raised their target price on Pegasystems from $69.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Finally, William Blair upgraded Pegasystems from a “market perform” rating to an “outperform” rating in a research report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Pegasystems presently has an average rating of “Moderate Buy” and an average price target of $83.60.
Check Out Our Latest Stock Report on PEGA
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.
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