Pegasystems Inc. (PEGA) to Issue Quarterly Dividend of $0.03 on January 16th

Pegasystems Inc. (NASDAQ:PEGA) announced a quarterly dividend on Monday, December 15th. Investors of record on Friday, January 2nd will be paid a dividend of 0.03 per share by the technology company on Friday, January 16th. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, January 2nd.

Pegasystems has decreased its dividend by an average of 0.0%per year 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 Stock Performance

Shares of PEGA opened at $58.38 on Wednesday. Pegasystems has a twelve month low of $29.84 and a twelve month high of $68.10. The stock’s 50 day moving average is $58.24 and its two-hundred day moving average is $55.59. The firm has a market capitalization of $9.91 billion, a PE ratio of 39.18 and a beta of 1.09.

Pegasystems (NASDAQ:PEGA) last issued its earnings results on Tuesday, October 21st. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.12. The business had revenue of $381.35 million during the quarter, compared to the consensus estimate of $351.95 million. Pegasystems had a return on equity of 43.49% and a net margin of 16.05%.The company’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 EPS. On average, sell-side analysts predict that Pegasystems will post 1.89 EPS for the current year.

Analyst Ratings Changes

PEGA has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Pegasystems in a research report on Monday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $80.00 price target (up from $70.00) on shares of Pegasystems in a research note on Wednesday, October 22nd. DA Davidson upgraded shares of Pegasystems from a “neutral” rating to a “buy” rating and increased their price target for the company from $60.00 to $85.00 in a report on Wednesday, October 22nd. Wedbush raised their price objective on shares of Pegasystems from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Pegasystems from $65.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, December 5th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Pegasystems presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.05.

Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients’ processes and workflows.