Brokerages expect that Pegasystems Inc. (NASDAQ:PEGA) will announce sales of $271.85 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Pegasystems’ earnings, with the highest sales estimate coming in at $280.40 million and the lowest estimate coming in at $263.30 million. Pegasystems reported sales of $212.55 million during the same quarter last year, which would suggest a positive year over year growth rate of 27.9%. The company is scheduled to issue its next earnings report on Tuesday, May 5th.
On average, analysts expect that Pegasystems will report full-year sales of $1.10 billion for the current year. For the next year, analysts anticipate that the company will report sales of $1.27 billion, with estimates ranging from $1.24 billion to $1.31 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Pegasystems.
Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.18). Pegasystems had a negative return on equity of 17.78% and a negative net margin of 9.92%. The business had revenue of $276.54 million for the quarter, compared to analysts’ expectations of $290.22 million. During the same period last year, the firm earned $0.32 earnings per share. The firm’s quarterly revenue was up 7.9% on a year-over-year basis.
In other news, Director Richard H. Jones sold 14,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $80.09, for a total transaction of $1,121,260.00. Following the completion of the sale, the director now directly owns 299,544 shares in the company, valued at approximately $23,990,478.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 52.37% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in PEGA. Bares Capital Management Inc. increased its holdings in shares of Pegasystems by 675.2% during the 4th quarter. Bares Capital Management Inc. now owns 3,576,363 shares of the technology company’s stock worth $284,857,000 after buying an additional 3,115,000 shares during the last quarter. Luxor Capital Group LP increased its holdings in shares of Pegasystems by 24.2% during the 3rd quarter. Luxor Capital Group LP now owns 3,283,315 shares of the technology company’s stock worth $223,430,000 after buying an additional 640,640 shares during the last quarter. Norges Bank acquired a new stake in shares of Pegasystems during the 4th quarter worth $33,822,000. TPG Group Holdings SBS Advisors Inc. increased its holdings in shares of Pegasystems by 23.7% during the 3rd quarter. TPG Group Holdings SBS Advisors Inc. now owns 2,065,711 shares of the technology company’s stock worth $140,572,000 after buying an additional 395,247 shares during the last quarter. Finally, Highside Global Management LLC acquired a new stake in Pegasystems in the 4th quarter valued at $12,664,000. Institutional investors and hedge funds own 47.32% of the company’s stock.
Shares of PEGA traded up $3.86 during midday trading on Monday, reaching $74.94. 441,100 shares of the stock were exchanged, compared to its average volume of 419,766. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of -65.17 and a beta of 1.07. Pegasystems has a twelve month low of $38.01 and a twelve month high of $103.13. The business’s 50-day moving average price is $85.10 and its 200 day moving average price is $79.06. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.34 and a quick ratio of 1.34.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be issued a dividend of $0.03 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.16%. Pegasystems’s payout ratio is -9.60%.
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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