Pegasystems Inc. Announces Special Dividend of $0.08 (NASDAQ:PEGA)

Pegasystems Inc. (NASDAQ:PEGAGet Free Report) announced a special dividend on Thursday, February 5th. Stockholders of record on Monday, August 17th will be paid a dividend of 0.083 per share by the technology company on Wednesday, September 16th. The ex-dividend date of this dividend is Monday, August 17th.

Pegasystems has raised its dividend by an average of 0.1%annually over the last three years. Pegasystems has a payout ratio of 3.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Pegasystems to earn $1.97 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 6.1%.

Pegasystems Stock Performance

NASDAQ PEGA opened at $32.32 on Friday. The firm has a 50 day simple moving average of $31.13 and a 200-day simple moving average of $37.23. Pegasystems has a one year low of $25.10 and a one year high of $68.10. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 18.26 and a beta of 0.87.

Pegasystems (NASDAQ:PEGAGet Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The technology company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). Pegasystems had a net margin of 18.66% and a return on equity of 32.21%. The business had revenue of $420.72 million during the quarter, compared to analyst estimates of $427.38 million. During the same quarter last year, the firm posted $0.28 EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities analysts predict that Pegasystems will post 1.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PEGA shares. Royal Bank Of Canada set a $35.00 price target on shares of Pegasystems and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Loop Capital cut Pegasystems from a “buy” rating to a “hold” rating and reduced their price objective for the company from $55.00 to $25.00 in a research note on Thursday, July 23rd. Citizens Jmp cut Pegasystems from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 22nd. Citigroup lowered Pegasystems from a “market outperform” rating to a “market perform” rating in a report on Wednesday, July 22nd. Finally, Barclays reissued an “overweight” rating and set a $39.00 target price (down from $48.00) on shares of Pegasystems in a research note on Thursday, July 23rd. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $50.10.

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About Pegasystems

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Pegasystems Inc is a software company specializing in customer engagement and digital process automation solutions. Headquartered in Cambridge, Massachusetts, Pegasystems develops enterprise applications designed to help organizations streamline operations, manage customer interactions and automate complex workflows. Its platform supports a wide range of use cases, from sales and marketing optimization to case management and robotic process automation.

The core of Pegasystems’ offering is the Pega Platform, a low-code development environment that enables businesses to build and deploy applications with minimal hand-coding.

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Dividend History for Pegasystems (NASDAQ:PEGA)

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