Pegasystems Inc. (NASDAQ:PEGA) announced a quarterly dividend on Wednesday, September 14th. Shareholders of record on Monday, October 3rd will be paid a dividend of 0.03 per share on Monday, October 17th. This represents a $0.12 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Thursday, September 29th.
Shares of Pegasystems (NASDAQ:PEGA) opened at 29.38 on Wednesday. The stock’s 50 day moving average price is $26.64 and its 200-day moving average price is $26.50. The firm has a market capitalization of $2.24 billion, a PE ratio of 57.61 and a beta of 1.88. Pegasystems has a 52-week low of $20.38 and a 52-week high of $30.23.
Pegasystems (NASDAQ:PEGA) last issued its earnings results on Wednesday, August 3rd. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. The firm earned $189 million during the quarter, compared to the consensus estimate of $185.19 million. Pegasystems had a net margin of 5.44% and a return on equity of 16.25%. The company’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Equities research analysts anticipate that Pegasystems will post $0.91 EPS for the current fiscal year.
In other news, Director Larry Weber sold 2,000 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $25.15, for a total value of $50,300.00. Following the completion of the sale, the director now directly owns 4,546 shares of the company’s stock, valued at $114,331.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard H. Jones sold 7,300 shares of the company’s stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $28.06, for a total transaction of $204,838.00. Following the completion of the sale, the director now directly owns 628,509 shares of the company’s stock, valued at $17,635,962.54. The disclosure for this sale can be found here. 53.44% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in PEGA. AQR Capital Management LLC boosted its stake in shares of Pegasystems by 10.0% in the second quarter. AQR Capital Management LLC now owns 57,591 shares of the company’s stock worth $1,552,000 after buying an additional 5,239 shares during the last quarter. Ranger Investment Management L.P. acquired a new stake in shares of Pegasystems during the second quarter worth approximately $21,009,000. Menta Capital LLC boosted its stake in shares of Pegasystems by 82.8% in the second quarter. Menta Capital LLC now owns 91,576 shares of the company’s stock worth $2,468,000 after buying an additional 41,469 shares during the last quarter. Piermont Capital Management Inc. boosted its stake in shares of Pegasystems by 143.7% in the second quarter. Piermont Capital Management Inc. now owns 42,485 shares of the company’s stock worth $1,145,000 after buying an additional 25,055 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Pegasystems by 11.2% in the second quarter. Thrivent Financial for Lutherans now owns 629,730 shares of the company’s stock worth $16,971,000 after buying an additional 63,550 shares during the last quarter. 41.74% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently commented on PEGA. Zacks Investment Research upgraded shares of Pegasystems from a “sell” rating to a “hold” rating in a research note on Saturday, September 17th. JMP Securities reiterated a “buy” rating on shares of Pegasystems in a research note on Wednesday, June 8th. Wedbush reiterated an “outperform” rating and set a $34.00 target price on shares of Pegasystems in a research note on Wednesday, June 8th. Finally, TheStreet downgraded shares of Pegasystems from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Pegasystems has an average rating of “Hold” and an average target price of $30.67.
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 7 platform. Its software is designed to assist clients in building, deploying, and evolving enterprise applications.
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