Pegasystems Inc. Plans Quarterly Dividend of $0.03 (NASDAQ:PEGA)

Pegasystems Inc. (NASDAQ:PEGA) announced a quarterly dividend on Monday, March 16th. Stockholders of record on Wednesday, April 1st will be paid a dividend of 0.03 per share by the technology company on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Wednesday, April 1st.

Pegasystems has raised its dividend by an average of 0.1%annually over the last three years. Pegasystems has a dividend payout ratio of 3.3% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Up 0.9%

Shares of NASDAQ:PEGA opened at $42.85 on Tuesday. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 20.07 and a beta of 1.06. Pegasystems has a 12 month low of $29.84 and a 12 month high of $68.10. The company has a 50-day moving average price of $46.95 and a 200 day moving average price of $54.29.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. Pegasystems had a return on equity of 38.86% and a net margin of 22.54%.The company had revenue of $504.32 million for the quarter, compared to analysts’ expectations of $494.60 million. During the same period in the previous year, the firm posted $0.80 earnings per share. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. As a group, equities analysts forecast that Pegasystems will post 1.89 EPS for the current year.

Insider Transactions at Pegasystems

In other news, Chairman Alan Trefler sold 45,000 shares of the stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $49.02, for a total transaction of $2,205,900.00. Following the transaction, the chairman owned 44,394,454 shares of the company’s stock, valued at approximately $2,176,216,135.08. This represents a 0.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kenneth Stillwell sold 44,000 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $44.81, for a total transaction of $1,971,640.00. Following the transaction, the chief financial officer owned 109,123 shares in the company, valued at approximately $4,889,801.63. The trade was a 28.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 134,000 shares of company stock valued at $6,793,390 in the last quarter. 50.10% of the stock is currently owned by company insiders.

Institutional Trading of Pegasystems

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its holdings in Pegasystems by 23.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,987,291 shares of the technology company’s stock worth $286,769,000 after purchasing an additional 937,216 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of Pegasystems by 1.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,927,576 shares of the technology company’s stock worth $110,778,000 after buying an additional 25,598 shares during the last quarter. Vest Financial LLC purchased a new position in shares of Pegasystems in the 3rd quarter worth approximately $1,515,000. Intrinsic Edge Capital Management LLC bought a new position in shares of Pegasystems during the 3rd quarter worth approximately $10,940,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Pegasystems by 40.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 218,917 shares of the technology company’s stock worth $12,489,000 after acquiring an additional 63,267 shares in the last quarter. Institutional investors own 46.89% of the company’s stock.

About Pegasystems

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.