Q1 2018 EPS Estimates for Pegasystems Inc. (PEGA) Decreased by Analyst

Pegasystems Inc. (NASDAQ:PEGA) – Analysts at Wedbush decreased their Q1 2018 earnings estimates for Pegasystems in a report issued on Tuesday. Wedbush analyst S. Koenig now forecasts that the technology company will post earnings per share of $0.11 for the quarter, down from their prior estimate of $0.15. Wedbush also issued estimates for Pegasystems’ FY2019 earnings at $0.73 EPS.

PEGA has been the topic of several other reports. BidaskClub raised shares of Pegasystems from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 3rd. Zacks Investment Research raised shares of Pegasystems from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, TheStreet downgraded shares of Pegasystems from a “b-” rating to a “c” rating in a research note on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $63.00.

Pegasystems (NASDAQ PEGA) opened at $49.50 on Wednesday. Pegasystems has a one year low of $35.65 and a one year high of $64.85. The company has a market cap of $3,850.00, a price-to-earnings ratio of 83.90 and a beta of 1.25.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. Pegasystems had a net margin of 5.67% and a return on equity of 9.86%. The firm had revenue of $179.80 million for the quarter, compared to the consensus estimate of $200.15 million. During the same period last year, the firm posted $0.17 earnings per share. The business’s revenue was down 1.7% compared to the same quarter last year.

Hedge funds have recently made changes to their positions in the company. Legal & General Group Plc boosted its stake in Pegasystems by 1.1% in the 2nd quarter. Legal & General Group Plc now owns 14,206 shares of the technology company’s stock worth $830,000 after purchasing an additional 155 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Pegasystems by 2.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,432 shares of the technology company’s stock worth $1,717,000 after purchasing an additional 587 shares in the last quarter. Voya Investment Management LLC boosted its stake in Pegasystems by 6.2% in the 2nd quarter. Voya Investment Management LLC now owns 17,380 shares of the technology company’s stock worth $1,014,000 after purchasing an additional 1,010 shares in the last quarter. Swiss National Bank boosted its stake in Pegasystems by 2.2% in the 2nd quarter. Swiss National Bank now owns 64,300 shares of the technology company’s stock worth $3,752,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Pegasystems by 0.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 158,207 shares of the technology company’s stock worth $9,232,000 after purchasing an additional 1,405 shares in the last quarter. Hedge funds and other institutional investors own 45.77% of the company’s stock.

In other news, VP Michael R. Pyle sold 4,000 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $47.61, for a total transaction of $190,440.00. Following the sale, the vice president now owns 46,524 shares in the company, valued at approximately $2,215,007.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Efstathios A. Kouninis sold 728 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $49.73, for a total transaction of $36,203.44. Following the sale, the chief accounting officer now owns 1,012 shares in the company, valued at approximately $50,326.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,406 shares of company stock worth $845,950. Insiders own 53.61% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend is Friday, December 29th. Pegasystems’s payout ratio is currently 20.34%.

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Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.

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