Brokerages Anticipate Pegasystems Inc. (NASDAQ:PEGA) Will Announce Quarterly Sales of $224.72 Million

Equities analysts forecast that Pegasystems Inc. (NASDAQ:PEGA) will report sales of $224.72 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Pegasystems’ earnings. The lowest sales estimate is $215.80 million and the highest is $233.65 million. Pegasystems reported sales of $203.26 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.6%. The firm is expected to report its next quarterly earnings results on Wednesday, November 6th.

On average, analysts expect that Pegasystems will report full-year sales of $932.92 million for the current fiscal year, with estimates ranging from $921.30 million to $944.55 million. For the next financial year, analysts anticipate that the company will post sales of $1.06 billion, with estimates ranging from $1.06 billion to $1.07 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Pegasystems.

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 consensus estimate of ($0.33) by ($0.17). Pegasystems had a negative net margin of 5.95% and a negative return on equity of 9.39%. The firm had revenue of $205.60 million during the quarter, compared to analyst estimates of $203.16 million. The business’s quarterly revenue was up 4.5% compared to the same quarter last year.



Several brokerages have commented on PEGA. UBS Group raised their price target on shares of Pegasystems to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. BidaskClub lowered shares of Pegasystems from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Wedbush raised their price target on shares of Pegasystems from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Benchmark restated 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. Finally, TheStreet lowered shares of Pegasystems from a “b-” rating to a “c” rating in a research note on Wednesday, May 22nd. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $80.20.

Shares of NASDAQ:PEGA traded up $0.86 during trading hours on Thursday, hitting $71.55. The stock had a trading volume of 208,991 shares, compared to its average volume of 351,400. The firm has a fifty day moving average price of $74.24. Pegasystems has a 1-year low of $43.21 and a 1-year high of $79.67. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.10.

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

In related news, VP Michael R. Pyle sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $75.66, for a total transaction of $226,980.00. Following the transaction, the vice president now owns 11,259 shares in the company, valued at $851,855.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Efstathios A. Kouninis sold 1,365 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $73.50, for a total transaction of $100,327.50. Following the transaction, the vice president now owns 865 shares in the company, valued at approximately $63,577.50. The disclosure for this sale can be found here. Insiders have sold 36,755 shares of company stock worth $2,680,969 in the last quarter. Company insiders own 52.37% of the company’s stock.

Large investors have recently modified their holdings of the stock. Norges Bank bought a new stake in Pegasystems during the fourth quarter worth approximately $20,310,000. Deutsche Bank AG boosted its holdings in Pegasystems by 138.7% during the fourth quarter. Deutsche Bank AG now owns 130,169 shares of the technology company’s stock worth $6,224,000 after buying an additional 75,640 shares in the last quarter. Laurion Capital Management LP bought a new stake in Pegasystems during the first quarter worth approximately $1,711,000. TimesSquare Capital Management LLC boosted its holdings in Pegasystems by 19.3% during the first quarter. TimesSquare Capital Management LLC now owns 700,975 shares of the technology company’s stock worth $45,563,000 after buying an additional 113,275 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its holdings in Pegasystems by 0.3% during the first quarter. Eagle Asset Management Inc. now owns 1,204,101 shares of the technology company’s stock worth $78,266,000 after buying an additional 3,919 shares in the last quarter. Hedge funds and other institutional investors own 46.69% of the company’s stock.

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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