Pegasystems (NASDAQ:PEGA) Announces Quarterly Earnings Results

Pegasystems (NASDAQ:PEGA) posted its quarterly earnings data on Wednesday. The technology company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.20), Zacks reports. Pegasystems had a net margin of 8.29% and a return on equity of 37.83%. Pegasystems updated its FY 2025 guidance to 3.100-3.100 EPS.

Pegasystems Price Performance

PEGA traded down $1.59 during midday trading on Friday, reaching $83.70. 760,237 shares of the company’s stock were exchanged, compared to its average volume of 960,280. Pegasystems has a 1-year low of $54.55 and a 1-year high of $113.67. The stock has a market capitalization of $7.18 billion, a PE ratio of 61.39 and a beta of 1.11. The business’s 50-day moving average price is $99.29 and its 200 day moving average price is $83.74.

Pegasystems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.12 dividend on an annualized basis and a yield of 0.14%. Pegasystems’s payout ratio is 8.76%.

Analyst Upgrades and Downgrades

PEGA has been the subject of several analyst reports. KeyCorp reaffirmed an “overweight” rating and set a $118.00 price objective on shares of Pegasystems in a research note on Tuesday, January 14th. Barclays decreased their price target on Pegasystems from $103.00 to $97.00 and set an “equal weight” rating for the company in a report on Friday. Citigroup boosted their price objective on shares of Pegasystems from $99.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Wedbush upped their price objective on shares of Pegasystems from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 target price on shares of Pegasystems in a report on Thursday. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Pegasystems presently has an average rating of “Moderate Buy” and a consensus price target of $99.36.

Insider Activity

In other Pegasystems news, insider Leon Trefler sold 752 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $94.60, for a total transaction of $71,139.20. Following the completion of the transaction, the insider now owns 36,884 shares of the company’s stock, valued at approximately $3,489,226.40. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Kenneth Stillwell sold 2,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $94.60, for a total value of $189,200.00. Following the completion of the sale, the chief financial officer now owns 15,400 shares in the company, valued at $1,456,840. This represents a 11.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,003 shares of company stock worth $1,346,086 over the last ninety days. 50.10% of the stock is currently 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.