Pegasystems (NASDAQ:PEGA) Price Target Raised to $60.00

Pegasystems (NASDAQ:PEGA) had its target price hoisted by DA Davidson from $50.00 to $60.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the technology company’s stock. DA Davidson also issued estimates for Pegasystems’ Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.03 EPS, FY2025 earnings at $1.42 EPS, FY2025 earnings at $1.34 EPS, FY2026 earnings at $1.20 EPS and FY2026 earnings at $1.38 EPS.

Other research analysts have also recently issued reports about the stock. JMP Securities increased their price target on shares of Pegasystems from $55.00 to $62.50 and gave the company a “market outperform” rating in a report on Tuesday, June 3rd. Barclays increased their target price on shares of Pegasystems from $50.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Rosenblatt Securities increased their target price on shares of Pegasystems from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Loop Capital increased their target price on shares of Pegasystems from $52.50 to $60.00 and gave the stock a “buy” rating in a research report on Monday, June 30th. Finally, KeyCorp decreased their target price on shares of Pegasystems from $59.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $59.80.

Pegasystems Stock Up 1.3%

Pegasystems stock opened at $58.83 on Thursday. The stock has a market cap of $10.06 billion, a P/E ratio of 50.50 and a beta of 1.13. Pegasystems has a twelve month low of $29.84 and a twelve month high of $59.85. The company’s 50-day moving average price is $51.29 and its two-hundred day moving average price is $45.67.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. The firm had revenue of $384.51 million for the quarter, compared to analysts’ expectations of $345.07 million. Pegasystems had a net margin of 13.14% and a return on equity of 42.42%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 EPS. Equities analysts anticipate that Pegasystems will post 1.89 earnings per share for the current fiscal year.

Pegasystems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were given a dividend of $0.03 per share. This is a positive change from Pegasystems’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $0.12 annualized dividend and a dividend yield of 0.20%. Pegasystems’s dividend payout ratio (DPR) is currently 10.34%.

Insider Buying and Selling at Pegasystems

In other Pegasystems news, CFO Kenneth Stillwell sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $52.64, for a total value of $210,560.00. Following the sale, the chief financial officer owned 49,350 shares in the company, valued at $2,597,784. This trade represents a 7.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Efstathios A. Kouninis sold 1,196 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $51.50, for a total transaction of $61,594.00. Following the completion of the sale, the chief accounting officer owned 332 shares in the company, valued at $17,098. This represents a 78.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 243,788 shares of company stock worth $13,870,048 in the last three months. Company insiders own 49.70% of the company’s stock.

Institutional Trading of Pegasystems

A number of hedge funds have recently added to or reduced their stakes in PEGA. Proficio Capital Partners LLC acquired a new stake in Pegasystems in the fourth quarter valued at approximately $61,000. Commonwealth Equity Services LLC acquired a new stake in Pegasystems in the fourth quarter valued at approximately $220,000. KLP Kapitalforvaltning AS acquired a new stake in Pegasystems in the fourth quarter valued at approximately $1,165,000. LPL Financial LLC boosted its position in Pegasystems by 136.4% in the fourth quarter. LPL Financial LLC now owns 10,995 shares of the technology company’s stock valued at $1,025,000 after buying an additional 6,344 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Pegasystems during the fourth quarter valued at $44,343,000. Institutional investors and hedge funds own 46.89% of the company’s stock.

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.