Pegasystems (NASDAQ:PEGA) Declares $0.03 Quarterly Dividend

Pegasystems (NASDAQ:PEGA) announced a quarterly dividend on Friday, March 16th, Wall Street Journal reports. Shareholders of record on Monday, April 2nd will be given a dividend of 0.03 per share by the technology company on Monday, April 16th. This represents a $0.12 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend is Thursday, March 29th.

Shares of PEGA stock opened at $61.15 on Friday. The stock has a market capitalization of $4,861.69, a PE ratio of 277.95 and a beta of 1.05. Pegasystems has a fifty-two week low of $43.00 and a fifty-two week high of $64.85.

How to Become a New Pot Stock Millionaire

Pegasystems (NASDAQ:PEGA) last posted its earnings results on Monday, February 26th. The technology company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.15 by $0.12. The firm had revenue of $239.54 million for the quarter, compared to analyst estimates of $208.48 million. Pegasystems had a return on equity of 9.68% and a net margin of 3.92%. Pegasystems’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same period last year, the company earned $0.20 earnings per share. sell-side analysts anticipate that Pegasystems will post 0.72 EPS for the current fiscal year.

In other Pegasystems news, VP Efstathios A. Kouninis sold 912 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $59.37, for a total transaction of $54,145.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kenneth Stillwell sold 2,048 shares of the company’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $60.21, for a total value of $123,310.08. Following the completion of the sale, the chief financial officer now owns 12,176 shares in the company, valued at approximately $733,116.96. The disclosure for this sale can be found here. Insiders sold a total of 24,860 shares of company stock valued at $1,434,764 over the last three months. Company insiders own 53.61% of the company’s stock.

PEGA has been the topic of a number of analyst reports. BidaskClub downgraded Pegasystems from a “sell” rating to a “strong sell” rating in a research report on Friday, January 26th. UBS restated an “overweight” rating and issued a $65.00 target price on shares of Pegasystems in a research report on Tuesday, February 27th. Wedbush restated an “outperform” rating and issued a $73.00 target price (up previously from $66.00) on shares of Pegasystems in a research report on Thursday, March 1st. Zacks Investment Research raised Pegasystems from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Wednesday, February 28th. Finally, ValuEngine raised Pegasystems from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Eight equities research analysts have rated the stock with a buy rating, Pegasystems currently has a consensus rating of “Buy” and a consensus price target of $63.81.

COPYRIGHT VIOLATION NOTICE: “Pegasystems (NASDAQ:PEGA) Declares $0.03 Quarterly Dividend” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/04/08/pegasystems-inc-to-issue-quarterly-dividend-of-0-03-pega.html.

Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses, and supports software applications for marketing, sales automation, customer service, and operations in the United States and internationally. It provides Pega Platform, an application development product for clients to build and extend their own applications.

Dividend History for Pegasystems (NASDAQ:PEGA)

Receive News & Ratings for Pegasystems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pegasystems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply