Pegasystems (PEGA) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.23 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.17. The company posted revenue of $178.90 million in the period, compared to analysts expectations of $173.82 million. The company’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.
Many Wall Street Analysts have commented on Pegasystems. Company shares were Reiterated by Wedbush on Feb 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 33 from a previous price target of $30 .Shares were Reiterated by The Benchmark Company on Feb 26, 2016 to “Hold” and Lowered the Price Target to $ 26 from a previous price target of $27 .
Pegasystems closed down -0.16 points or -0.60% at $26.51 with 1,65,416 shares getting traded on Wednesday. Post opening the session at $26.45, the shares hit an intraday low of $26.172 and an intraday high of $26.63 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on May 4, 2016, Douglas I Kra (SVP, Global Customer Success) sold 795 shares at $26.54 per share price. According to the SEC, on May 2, 2016, Richard H Jones (director) sold 900 shares at $26.43 per share price. On Mar 21, 2016, Efstathios A Kouninis (VP of Finance & CAO) sold 1,801 shares at $25.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Pegasystems Inc. develops markets licenses and supports software applications which is designed to assist clients in building deploying and evolving enterprise applications. The Companys applications and platform intersect with and encompass several traditional software markets including Customer Relationship Management (CRM); Business Process Management (BPM); Business Rules Management Systems (BRMS); Dynamic Case Management (DCM); Decision Management which includes Predictive and Adaptive analytics and the Vertical Specific Software (VSS) market of industry solutions and packaged applications. The Company provides implementation consulting training technical support and hosting services to facilitate the use of its software. The Company offers its services to financial services healthcare insurance communications and media public sector manufacturing and life sciences markets.