Pegasystems Inc. (PEGA) Expected to Post Quarterly Sales of $236.35 Million
Equities research analysts expect Pegasystems Inc. (NASDAQ:PEGA) to report $236.35 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Pegasystems’ earnings. The lowest sales estimate is $234.00 million and the highest is $239.47 million. Pegasystems posted sales of $235.18 million during the same quarter last year, which would indicate a positive year over year growth rate of 0.5%. The business is expected to announce its next earnings results after the market closes on Tuesday, May 7th.
According to Zacks, analysts expect that Pegasystems will report full year sales of $966.29 million for the current year, with estimates ranging from $964.97 million to $968.90 million. For the next fiscal year, analysts expect that the firm will post sales of $1.09 billion, with estimates ranging from $1.05 billion to $1.12 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Pegasystems.
Pegasystems (NASDAQ:PEGA) last released its quarterly earnings data on Wednesday, February 20th. The technology company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.20. Pegasystems had a return on equity of 0.34% and a net margin of 1.19%. The firm had revenue of $256.36 million during the quarter, compared to analyst estimates of $252.71 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year.
In other news, CAO Efstathios A. Kouninis sold 465 shares of the stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $65.50, for a total value of $30,457.50. Following the sale, the chief accounting officer now directly owns 1,527 shares in the company, valued at $100,018.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard H. Jones sold 25,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $64.89, for a total value of $1,622,250.00. Following the completion of the sale, the director now owns 297,537 shares in the company, valued at $19,307,175.93. The disclosure for this sale can be found here. Insiders sold a total of 54,039 shares of company stock valued at $3,471,800 over the last ninety days. Corporate insiders own 52.85% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of PEGA. Marshall Wace LLP purchased a new stake in shares of Pegasystems in the third quarter worth approximately $37,789,000. Standard Life Aberdeen plc raised its holdings in shares of Pegasystems by 63.0% in the third quarter. Standard Life Aberdeen plc now owns 1,238,757 shares of the technology company’s stock worth $77,608,000 after buying an additional 478,916 shares during the period. SQN Investors LP raised its holdings in shares of Pegasystems by 27.8% in the fourth quarter. SQN Investors LP now owns 2,117,903 shares of the technology company’s stock worth $101,299,000 after buying an additional 460,938 shares during the period. Norges Bank purchased a new stake in shares of Pegasystems in the fourth quarter worth approximately $20,310,000. Finally, Lee Capital Asset Management LLC purchased a new stake in shares of Pegasystems in the fourth quarter worth approximately $7,697,000. Hedge funds and other institutional investors own 48.02% of the company’s stock.
Pegasystems stock traded up $1.76 during midday trading on Tuesday, reaching $73.67. 396,527 shares of the stock traded hands, compared to its average volume of 374,700. Pegasystems has a 12 month low of $43.21 and a 12 month high of $74.31. The firm has a market cap of $5.78 billion, a PE ratio of 3,511.50 and a beta of 1.38.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.16%. The ex-dividend date was Friday, March 29th.
Pegasystems Company Profile
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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