Pegasystems Inc. Buyback
OLI recorded this information on 6/21/2018
Pegasystems Inc. (NASDAQ: PEGA), the software company empowering customer engagement at the world's leading enterprises, today announced that its Board of Directors has authorized an expansion of the Company's current share repurchase program. Under this expansion, the expiration date of the current repurchase program has been extended from June 30, 2018 to June 30, 2019 and the amount of stock the Company is authorized to repurchase has been increased from approximately $23.5 million, the amount remaining in the current program, to $50 million. This expansion is effective from June 15, 2018 to June 30, 2019.
Pegasystems develops, markets, licenses, hosts, and supports enterprise software applications that help organizations transform the way they engage with their customers and process work across their enterprise. Co. also licenses its low-code Pega Platform for application development to clients to build and extend their own business applications. Pega Infinity helps connect enterprises to their customers in real-time across channels, streamline business operations, and adapt to meet changing requirements. Co.'s applications and platform intersect with and encompass several software markets, including: customer engagement, digital process automation, and robotic process automation.
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Strong Buy (3.67 out of 4)
(ranked higher than approx. 70% of all stocks covered)
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