Pegasystems Inc. (PEGA) To Go Ex-Dividend on April 1st

Pegasystems Inc. (NASDAQ:PEGA) announced a quarterly dividend on Friday, March 21st, Wall Street Journal reports. Stockholders of record on Tuesday, April 1st will be paid a dividend of 0.015 per share by the technology company on Tuesday, April 15th. This represents a $0.06 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend is Tuesday, April 1st.

Pegasystems has a dividend payout ratio of 3.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Pegasystems to earn $2.16 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 5.6%.

Pegasystems Price Performance

NASDAQ PEGA opened at $69.52 on Friday. The company’s 50 day simple moving average is $87.36 and its two-hundred day simple moving average is $85.66. The stock has a market capitalization of $5.97 billion, a PE ratio of 68.83 and a beta of 1.25. Pegasystems has a 1 year low of $54.55 and a 1 year high of $113.67.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.20). Pegasystems had a net margin of 6.63% and a return on equity of 32.09%. On average, research analysts anticipate that Pegasystems will post 1.89 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PEGA shares. Barclays dropped their target price on shares of Pegasystems from $103.00 to $97.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. JMP Securities reaffirmed a “market outperform” rating and set a $110.00 price objective on shares of Pegasystems in a report on Thursday, February 13th. StockNews.com cut Pegasystems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Rosenblatt Securities lifted their price target on Pegasystems from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, Royal Bank of Canada increased their price objective on Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.36.

Insider Buying and Selling

In other Pegasystems news, insider Rifat Kerim Akgonul sold 2,000 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $72.25, for a total value of $144,500.00. Following the sale, the insider now owns 56,534 shares of the company’s stock, valued at $4,084,581.50. This trade represents a 3.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Leon Trefler sold 752 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $93.83, for a total transaction of $70,560.16. Following the transaction, the insider now directly owns 37,973 shares of the company’s stock, valued at approximately $3,563,006.59. This trade represents a 1.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 81,543 shares of company stock worth $6,253,614 in the last ninety days. 50.10% of the stock is owned by insiders.

About Pegasystems

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients’ processes and workflows.