Analysts forecast that Pegasystems Inc. (NASDAQ:PEGA) will report sales of $271.85 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Pegasystems’ earnings. The lowest sales estimate is $263.30 million and the highest is $280.40 million. Pegasystems reported sales of $212.55 million in the same quarter last year, which indicates a positive year over year growth rate of 27.9%. The company is scheduled to announce its next quarterly earnings report on Tuesday, May 5th.
On average, analysts expect that Pegasystems will report full-year sales of $1.10 billion for the current financial year. For the next fiscal year, analysts expect that the company will report sales of $1.27 billion, with estimates ranging from $1.24 billion to $1.31 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Pegasystems.
Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.18). Pegasystems had a negative net margin of 9.92% and a negative return on equity of 17.78%. The firm had revenue of $276.54 million during the quarter, compared to analysts’ expectations of $290.22 million. During the same period in the previous year, the company earned $0.32 earnings per share. The business’s quarterly revenue was up 7.9% on a year-over-year basis.
In other Pegasystems news, Director Richard H. Jones sold 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $80.09, for a total value of $1,121,260.00. Following the sale, the director now owns 299,544 shares in the company, valued at $23,990,478.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 52.37% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the business. TPG Group Holdings SBS Advisors Inc. raised its holdings in shares of Pegasystems by 23.7% during the third quarter. TPG Group Holdings SBS Advisors Inc. now owns 2,065,711 shares of the technology company’s stock valued at $140,572,000 after acquiring an additional 395,247 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Pegasystems during the third quarter valued at approximately $122,000. Credit Suisse AG raised its holdings in shares of Pegasystems by 1.7% during the fourth quarter. Credit Suisse AG now owns 35,187 shares of the technology company’s stock valued at $2,803,000 after acquiring an additional 581 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Pegasystems by 5.9% during the fourth quarter. Amalgamated Bank now owns 10,264 shares of the technology company’s stock valued at $818,000 after acquiring an additional 574 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Pegasystems by 1.3% during the third quarter. State Street Corp now owns 520,539 shares of the technology company’s stock valued at $35,438,000 after acquiring an additional 6,716 shares during the last quarter. Institutional investors own 47.32% of the company’s stock.
PEGA traded up $3.86 on Monday, hitting $74.94. 441,100 shares of the company’s stock were exchanged, compared to its average volume of 419,766. The firm has a market cap of $5.66 billion, a PE ratio of -65.17 and a beta of 1.07. Pegasystems has a twelve month low of $38.01 and a twelve month high of $103.13. The stock has a fifty day moving average of $85.10 and a two-hundred day moving average of $79.06. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be paid a $0.03 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.12 annualized dividend and a dividend yield of 0.16%. Pegasystems’s payout ratio is currently -9.60%.
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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