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.
Shares of Pegasystems stock traded up $1.21 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 company has a market capitalization of $7.06 billion, a price-to-earnings ratio of -103.00 and a beta of 1.18. The firm’s fifty day simple moving average is $85.51 and its two-hundred day simple moving average is $76.58. Pegasystems has a 52 week low of $56.75 and a 52 week high of $99.36. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.11.
Pegasystems (NASDAQ:PEGA) last posted its earnings results 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 the consensus estimate of $290.22 million. Pegasystems had a negative return on equity of 14.16% and a negative net margin of 8.41%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 EPS. As a group, research analysts predict that Pegasystems will post -0.92 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Monday, December 30th.
A number of analysts have commented on PEGA shares. DA Davidson reissued a buy rating and issued a $105.00 target price on shares of Pegasystems in a report on Thursday. Zacks Investment Research raised Pegasystems from a sell rating to a hold rating in a report on Thursday, January 23rd. Wedbush lifted their target price on Pegasystems from $99.00 to $116.00 and gave the stock an outperform rating in a report on Friday. KeyCorp lifted their target price on Pegasystems from $106.00 to $110.00 and gave the stock an overweight rating in a report on Thursday. Finally, Rosenblatt Securities started coverage on Pegasystems in a report on Tuesday, January 21st. They issued a buy rating and a $120.00 target price for the company. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Pegasystems presently has a consensus rating of Buy and an average target price of $94.63.
In other news, Director Richard H. Jones sold 14,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $80.09, for a total value of $1,121,260.00. Following the transaction, the director now directly owns 299,544 shares in the company, valued at approximately $23,990,478.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard H. Jones sold 7,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $77.27, for a total value of $540,890.00. Following the completion of the transaction, the director now owns 299,544 shares in the company, valued at $23,145,764.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,038 shares of company stock worth $2,746,849. Company insiders own 52.37% of the company’s stock.
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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