PEGA Pegasystems, Inc.
Pegasystems, Inc. engages in the development, market, license, and support of software, which allows organizations to build, deploy, and change enterprise applications. The company was founded by Alan Trefler in 1983 and is headquartered in Cambridge, MA.
Company profile
Ticker
PEGA
Exchange
Website
CEO
Alan Trefler
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Automatic Data Processing • Fiserv • DXC Technology • CoreLogic • Cars.com • Zynga • Bilibili • Change Healthcare • LiveRamp • Verisk Analytics ...
SEC CIK
Corporate docs
IRS number
42787865
Investment data
Securities sold
Number of investors
Calendar
29 Apr 20
4 Jun 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 265.59M | 276.54M | 216.7M | 205.59M | |
| Net income | -25.37M | 918K | -30.34M | -32.3M | |
| Diluted EPS | -0.32 | 0.01 | -0.38 | -0.41 | |
| Net profit margin | -9.55% | 0.33% | -14.00% | -15.71% | |
| Operating income | -24.32M | -1.75M | -46.77M | -52.34M | |
| Net change in cash | 469.78M | -23.74M | -3.4M | -14.87M | |
| Cash on hand | 538.14M | 68.36M | 92.1M | 95.5M | |
| Cost of revenue | 79.53M | 77.61M | 80.9M | 77.08M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 911.38M | 891.58M | 840.58M | 750.27M | |
| Net income | -90.43M | 10.62M | 98.55M | 45.02M | |
| Diluted EPS | -1.14 | 0.13 | 1.19 | 0.56 | |
| Net profit margin | -9.92% | 1.19% | 11.72% | 6.00% | |
| Operating income | -134.88M | -17.03M | 93.18M | 50.64M | |
| Net change in cash | -46.06M | -47.86M | 91.69M | -22.43M | |
| Cash on hand | 68.36M | 114.42M | 162.28M | 70.59M | |
| Cost of revenue | 310.02M | 301.77M | 279.67M | 239.26M |
Financial data from Pegasystems earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 3 Jun 20 | Efstathios A Kouninis | Common Stock | Sell | Dispose S | 98 | 500 | 49K | 684 |
| 2 Jun 20 | Kenneth Stillwell | RSU Common Stock | Option exercise | Dispose M | 0 | 142 | 0 | 995 |
| 2 Jun 20 | Efstathios A Kouninis | Common Stock | Option exercise | Aquire M | 0 | 170 | 0 | 1,234 |
| 2 Jun 20 | Efstathios A Kouninis | RSU Common Stock | Option exercise | Dispose M | 0 | 170 | 0 | 1,194 |
| 2 Jun 20 | Douglas I Kra | Common Stock | Payment of exercise | Dispose F | 96.19 | 164 | 15.78K | 38,665 |
| 2 Jun 20 | Douglas I Kra | Common Stock | Option exercise | Aquire M | 0 | 369 | 0 | 38,829 |
| 2 Jun 20 | Douglas I Kra | RSU Common Stock | Option exercise | Dispose M | 0 | 369 | 0 | 2,586 |
| 2 Jun 20 | Kenneth Stillwell | Common Stock | Payment of exercise | Dispose F | 96.19 | 63 | 6.06K | 9,066 |
| 2 Jun 20 | Kenneth Stillwell | Common Stock | Option exercise | Aquire M | 0 | 142 | 0 | 9,129 |
| 2 Jun 20 | Leon Trefler | RSU Common Stock | Option exercise | Dispose M | 0 | 369 | 0 | 2,586 |
Institutional ownership Q1 2020
48.3% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 207 |
| Opened positions | 49 |
| Closed positions | 37 |
| Increased positions | 67 |
| Reduced positions | 65 |
13F shares |
Current |
|---|---|
| Total value | 81.81B |
| Total shares | 38.65M |
| Total puts | 31.9K |
| Total calls | 31.7K |
| Total put/call ratio | 1.0 |
Largest owners |
Shares | Value |
|---|---|---|
| Bares Capital Management | 4.04M | $287.71M |
| Vanguard | 3.68M | $262.25M |
| Luxor Capital | 3.49M | $248.52M |
| BLK BlackRock | 2.05M | $146.32M |
| TPG | 1.8M | $128.24M |
| Cadian Capital Management | 1.23M | $87.8M |
| Riverbridge Partners | 1.22M | $86.92M |
| SQN Investors | 1.22M | $86.73M |
| Bamco | 1.19M | $85.01M |
| Eagle Asset Management | 1.19M | $84.98M |
Financial report summary
?Competition
International Business Machines • Oracle • Oracle Systems • Microsoft • Magic Software Enterprises • Cicero • Sap Se • Open Text • Formula Systems • AmdocsRisks
- Epidemic diseases, such as the recent global COVID-19 outbreak, could harm our business and results of operations.
- The conditional conversion feature of the Notes, if triggered, may adversely affect our financial condition and operating results.
- The accounting method for convertible debt securities that may be settled in cash, such as the Notes, could have a material effect on our reported financial results.
- The capped call transactions may affect the value of the Notes and our common stock.
- We are subject to counterparty risk with respect to the capped call transactions.
- Provisions in the indenture for the Notes may deter or prevent a business combination that may be favorable to our stockholders.
- Conversion of the Notes may dilute the ownership interest of existing stockholders.
Management Discussion
- Our license revenue is derived from sales of our applications and Pega Platform. Our cloud revenue is derived from our hosted Pega Platform and software applications. We expect our revenue mix to continue to shift in favor of our subscription offerings, particularly cloud arrangements, which could result in slower total revenue growth in the near term. Revenue from cloud arrangements is generally recognized over the service period, while revenue from term and perpetual license arrangements is generally recognized upfront when the license rights become effective.
- (1) Reflects client arrangements (term license, cloud, and maintenance) that are subject to renewal.
- The increase in total revenue was primarily due to the increase in subscription revenue, partially offset by a decrease in perpetual revenue, which reflects the shift in client preferences to subscription arrangements from other types of arrangements.
Content analysis
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H.S. sophomore Avg
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New words:
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Removed:
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Financial reports
10-Q
2020 Q1
Quarterly report
29 Apr 20
10-K
2019 FY
Annual report
12 Feb 20
10-Q
2019 Q3
Quarterly report
7 Nov 19
10-Q
2019 Q2
Quarterly report
7 Aug 19
10-Q
2019 Q1
Quarterly report
7 May 19
10-K
2018 FY
Annual report
20 Feb 19
10-Q
2018 Q3
Quarterly report
7 Nov 18
10-Q
2018 Q2
Quarterly report
8 Aug 18
10-Q
2018 Q1
Quarterly report
10 May 18
10-K
2017 FY
Annual report
26 Feb 18
Current reports
8-K
Entry into a Material Definitive Agreement
29 Apr 20
8-K
Results of Operations and Financial Condition
29 Apr 20
8-K
Departure of Directors or Certain Officers
9 Mar 20
8-K
Entry into a Material Definitive Agreement
24 Feb 20
8-K
Pegasystems Inc. Prices $525.0 Million Convertible Senior Notes Offering
20 Feb 20
8-K
Pegasystems Inc. Announces Proposed Convertible Senior Notes Offering
18 Feb 20
8-K
Pega Cloud ACV Grows 54% in 2019
12 Feb 20
8-K
Departure of Directors or Certain Officers
7 Feb 20
8-K
Pega Cloud ACV Grows 51%** in the First Three Quarters of 2019
7 Nov 19
8-K
Entry into a Material Definitive Agreement
9 Aug 19
Registration and prospectus
D
$1M in equity, sold $1M, 1 investor
15 May 19
S-8 POS
Registration of securities for employees (post-effective amendment)
6 Oct 16
S-8
Registration of securities for employees
4 Oct 16
S-8
Registration of securities for employees
13 Sep 11
S-8
Registration of securities for employees
5 May 10
S-8
Registration of securities for employees
26 Apr 10
SC TO-T/A
Third party tender offer statement (amended)
21 Apr 10
SC TO-T/A
Third party tender offer statement (amended)
16 Apr 10
SC TO-T/A
Third party tender offer statement (amended)
6 Apr 10
SC TO-T/A
Third party tender offer statement (amended)
1 Apr 10
Proxies
DEFA14A
Additional proxy soliciting materials
29 Apr 20
DEF 14A
Definitive proxy
29 Apr 20
DEFA14A
Additional proxy soliciting materials
30 Apr 19
DEF 14A
Definitive proxy
30 Apr 19
DEFA14A
Additional proxy soliciting materials
27 Apr 18
DEF 14A
Definitive proxy
27 Apr 18
DEF 14A
Definitive proxy
27 Apr 17
DEFA14A
Additional proxy soliciting materials
27 Apr 17
DEF 14A
Definitive proxy
18 Apr 16
DEFA14A
Additional proxy soliciting materials
18 Apr 16
Other
UPLOAD
Letter from SEC
30 Jul 14
CORRESP
Correspondence with SEC
11 Jul 14
UPLOAD
Letter from SEC
26 Jun 14
UPLOAD
Letter from SEC
23 Jul 12
CORRESP
Correspondence with SEC
10 Jul 12
UPLOAD
Letter from SEC
2 Jul 12
UPLOAD
Letter from SEC
3 Mar 09
CORRESP
Correspondence with SEC
17 Feb 09
CORRESP
Correspondence with SEC
12 Feb 09
UPLOAD
Letter from SEC
29 Jan 09
Ownership
4
PEGASYSTEMS / Leon Trefler ownership change
3 Jun 20
4
PEGASYSTEMS / KENNETH STILLWELL ownership change
3 Jun 20
4
PEGASYSTEMS / DOUGLAS I KRA ownership change
3 Jun 20
4
PEGASYSTEMS / EFSTATHIOS A KOUNINIS ownership change
3 Jun 20
4
PEGASYSTEMS / RICHARD H JONES ownership change
2 Jun 20
4
PEGASYSTEMS / EFSTATHIOS A KOUNINIS ownership change
27 May 20
4
PEGASYSTEMS / MICHAEL R PYLE ownership change
19 May 20
4
PEGASYSTEMS / EFSTATHIOS A KOUNINIS ownership change
12 May 20
4
PEGASYSTEMS / DOUGLAS I KRA ownership change
7 May 20
4
PEGASYSTEMS / EFSTATHIOS A KOUNINIS ownership change
7 May 20
Patents
APP
Utility
Event Processing with Enhanced Throughput
12 Mar 20
The present systems and methods allow for rapid processing of large volumes of events.
GRANT
Utility
System and method for updating or modifying an application without manual coding
25 Feb 20
The invention provides, in some aspects, a computer-implemented method for enabling enhanced functionality in a software application.
APP
Utility
Software Code Optimizer and Method
20 Feb 20
The invention provides, in some aspects, methods of optimizing an app for execution on a client device by identifying components of the app used in such execution by a user having a designated role who accesses the app for download via a designated portal.
APP
Utility
Method and System for Determining User Interface Usage
2 Jan 20
For example, in an embodiment, a method of determining user interface usage may comprise collecting, from a user interface including at least one data entry field, data indicating at least one event that occurs as a result of an action performed by a user on a data entry field and data associated with the user interface at the time of the at least one action, extracting, from the data indicating at least one event and the data associated with the user interface, data indicating an entity associated with the at least one event, applying an interval to the data indicating at least one event, the data associated with the user interface, and the data indicating an entity and determining an entity as owner of the event for that interval, and determining a duration of an activity based on a number of intervals that contain a given entity and action.
GRANT
Utility
Techniques for dynamic data processing
5 Nov 19
Described are techniques for processing an instance of a data structure.