Pegasystems (NASDAQ:PEGA) issued an update on its FY 2020
After-Hours earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.20-0.20 for the period, compared to the Thomson Reuters consensus estimate of $0.24. The company issued revenue guidance of $1.1-1.1 billion, compared to the consensus revenue estimate of $1.04 billion.Pegasystems also updated its FY20 guidance to $0.20 EPS.
PEGA stock traded up $1.21 during mid-day trading on Friday, reaching $98.88. The company’s stock had a trading volume of 781,308 shares, compared to its average volume of 295,250. The stock has a market cap of $7.06 billion, a PE ratio of -103.00 and a beta of 1.18. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.11. Pegasystems has a fifty-two week low of $56.75 and a fifty-two week high of $99.36. The company’s 50 day moving average is $85.51 and its two-hundred day moving average is $76.58.
Pegasystems (NASDAQ:PEGA) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.18). The business had revenue of $276.54 million during the quarter, compared to analyst estimates of $290.22 million. Pegasystems had a negative net margin of 8.41% and a negative return on equity of 14.16%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 EPS. On average, analysts forecast that Pegasystems will post -0.92 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were issued a $0.03 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.12 dividend on an annualized basis and a yield of 0.12%.
A number of analysts have commented on PEGA shares. ValuEngine downgraded shares of Pegasystems from a buy rating to a hold rating in a report on Tuesday, December 3rd. BidaskClub upgraded shares of Pegasystems from a buy rating to a strong-buy rating in a report on Wednesday, January 29th. Rosenblatt Securities began coverage on shares of Pegasystems in a report on Tuesday, January 21st. They set a buy rating and a $120.00 price target for the company. Wedbush raised their price target on shares of Pegasystems from $99.00 to $116.00 and gave the stock an outperform rating in a report on Friday. Finally, DA Davidson restated a buy rating and set a $105.00 price target on shares of Pegasystems in a report on Thursday. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $94.63.
In other news, Director Richard H. Jones sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $77.27, for a total transaction of $540,890.00. Following the completion of the sale, the director now owns 299,544 shares in the company, valued at approximately $23,145,764.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Efstathios A. Kouninis sold 438 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $78.00, for a total transaction of $34,164.00. Following the sale, the chief accounting officer now owns 465 shares of the company’s stock, valued at approximately $36,270. The disclosure for this sale can be found here. Insiders have sold a total of 35,038 shares of company stock valued at $2,746,849 in the last 90 days. Insiders own 52.37% 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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