Pegasystems Inc. (PEGA) To Go Ex-Dividend on August 17th

Pegasystems Inc. (NASDAQ:PEGA) announced a special dividend on Thursday, February 5th. Shareholders of record on Monday, August 17th will be given 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 increased its dividend payment 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. Research 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

Shares of PEGA stock opened at $32.32 on Friday. Pegasystems has a fifty-two week low of $25.10 and a fifty-two week high of $68.10. The firm has a market cap of $5.31 billion, a P/E ratio of 18.26 and a beta of 0.87. The business’s 50 day moving average price is $31.13 and its 200-day moving average price is $37.23.

Pegasystems (NASDAQ:PEGA) last announced its earnings results on Tuesday, July 21st. The technology company reported $0.35 EPS 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 for the quarter, compared to the consensus estimate of $427.38 million. During the same quarter in the prior year, the company earned $0.28 EPS. Pegasystems’s revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts predict that Pegasystems will post 1.71 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. William Blair lowered shares of Pegasystems from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 22nd. DA Davidson set a $32.00 price target on shares of Pegasystems and gave the stock a “buy” rating in a research note on Friday, July 24th. Wedbush restated an “outperform” rating and issued a $60.00 price objective on shares of Pegasystems in a report on Thursday, April 23rd. Barclays reaffirmed an “overweight” rating and set a $39.00 price objective (down from $48.00) on shares of Pegasystems in a research report on Thursday, July 23rd. Finally, Loop Capital downgraded Pegasystems from a “buy” rating to a “hold” rating and reduced their target price for the stock from $55.00 to $25.00 in a report on Thursday, July 23rd. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $50.10.

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.