Pegasystems Inc. (NASDAQ:PEGA) to Issue $0.03 Quarterly Dividend

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

Pegasystems has raised 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 $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%

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. The company’s 50 day moving average is $46.95 and its 200 day moving average is $54.29. Pegasystems has a 12-month low of $29.84 and a 12-month high of $68.10.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Zacks Research raised shares of Pegasystems from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Pegasystems in a research note on Monday, December 29th. Citigroup raised their price objective on shares of Pegasystems from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Citizens Jmp lowered their target price on shares of Pegasystems from $78.00 to $58.00 and set a “market outperform” rating on the stock in a research note on Thursday, February 12th. Finally, Royal Bank Of Canada set a $65.00 price target on Pegasystems and gave the stock an “outperform” rating in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $67.60.

Pegasystems Company Profile

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.