Pegasystems Inc. (NASDAQ:PEGA) – Research analysts at DA Davidson cut their Q3 2019 earnings per share estimates for shares of Pegasystems in a research note issued on Thursday, August 8th. DA Davidson analyst R. Jaluria now expects that the technology company will post earnings per share of ($0.21) for the quarter, down from their prior estimate of ($0.17). DA Davidson also issued estimates for Pegasystems’ FY2019 earnings at ($0.70) EPS and FY2020 earnings at ($0.13) EPS.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported ($0.50) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by ($0.17). The company had revenue of $205.60 million during the quarter, compared to analyst estimates of $203.16 million. Pegasystems had a negative net margin of 5.95% and a negative return on equity of 9.39%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis.

PEGA has been the topic of several other research reports. UBS Group boosted their price target on Pegasystems to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. Zacks Investment Research raised Pegasystems from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 10th. Benchmark reaffirmed a “buy” rating and issued a $80.00 price target (up previously from $72.00) on shares of Pegasystems in a research note on Wednesday, May 8th. JMP Securities boosted their price target on Pegasystems from $72.00 to $81.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 8th. Finally, BidaskClub lowered Pegasystems from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a hold rating, four 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 $80.20.

Shares of PEGA stock opened at $71.55 on Monday. The company has a fifty day moving average of $74.24. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.10. Pegasystems has a one year low of $43.21 and a one year high of $79.67.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date of this dividend was Friday, June 28th.

In other Pegasystems news, SVP Leon Trefler sold 752 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.21, for a total value of $57,309.92. Following the transaction, the senior vice president now owns 12,064 shares of the company’s stock, valued at $919,397.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Efstathios A. Kouninis sold 1,365 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $73.50, for a total value of $100,327.50. Following the completion of the transaction, the vice president now directly owns 865 shares in the company, valued at approximately $63,577.50. The disclosure for this sale can be found here. In the last three months, insiders sold 36,755 shares of company stock worth $2,680,969. Insiders own 52.37% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Quantamental Technologies LLC boosted its stake in Pegasystems by 542.2% in the first quarter. Quantamental Technologies LLC now owns 411 shares of the technology company’s stock worth $27,000 after purchasing an additional 347 shares in the last quarter. Captrust Financial Advisors acquired a new position in Pegasystems in the second quarter worth $32,000. Cutler Group LP acquired a new position in Pegasystems in the second quarter worth $43,000. Steward Partners Investment Advisory LLC acquired a new position in Pegasystems in the second quarter worth $53,000. Finally, Tower Research Capital LLC TRC boosted its stake in Pegasystems by 352.3% in the second quarter. Tower Research Capital LLC TRC now owns 977 shares of the technology company’s stock worth $70,000 after purchasing an additional 761 shares in the last quarter. 46.69% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for Pegasystems (NASDAQ:PEGA)

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