Envestnet Asset Management Inc. Purchases 36,094 Shares of Pegasystems Inc. $PEGA

Envestnet Asset Management Inc. increased its position in Pegasystems Inc. (NASDAQ:PEGA) by 21.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 204,718 shares of the technology company’s stock after acquiring an additional 36,094 shares during the quarter. Envestnet Asset Management Inc. owned about 0.12% of Pegasystems worth $11,771,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PEGA. Hazlett Burt & Watson Inc. bought a new position in shares of Pegasystems in the third quarter worth about $28,000. Spire Wealth Management grew its holdings in Pegasystems by 274.2% in the 2nd quarter. Spire Wealth Management now owns 565 shares of the technology company’s stock valued at $31,000 after buying an additional 414 shares during the last quarter. Mather Group LLC. bought a new position in Pegasystems in the 3rd quarter worth approximately $33,000. Blue Trust Inc. lifted its holdings in shares of Pegasystems by 902.9% during the third quarter. Blue Trust Inc. now owns 682 shares of the technology company’s stock worth $39,000 after buying an additional 614 shares during the last quarter. Finally, MAI Capital Management lifted its holdings in shares of Pegasystems by 124.5% during the second quarter. MAI Capital Management now owns 696 shares of the technology company’s stock worth $38,000 after buying an additional 386 shares during the last quarter. Institutional investors and hedge funds own 46.89% of the company’s stock.

Insider Buying and Selling at Pegasystems

In other Pegasystems news, CFO Kenneth Stillwell sold 14,405 shares of Pegasystems stock in a transaction on Friday, December 5th. The stock was sold at an average price of $57.87, for a total value of $833,617.35. Following the completion of the transaction, the chief financial officer owned 131,621 shares in the company, valued at approximately $7,616,907.27. The trade was a 9.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Alan Trefler sold 45,000 shares of the business’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $49.02, for a total value of $2,205,900.00. Following the completion of the transaction, the chairman directly owned 44,394,454 shares in the company, valued at approximately $2,176,216,135.08. This represents a 0.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 108,405 shares of company stock worth $5,896,127 over the last ninety days. Corporate insiders own 50.10% of the company’s stock.

Pegasystems Trading Up 1.5%

Shares of PEGA opened at $44.50 on Wednesday. The stock has a market cap of $7.52 billion, a PE ratio of 20.84 and a beta of 1.07. Pegasystems Inc. has a 1 year low of $29.84 and a 1 year high of $68.10. The stock has a 50 day simple moving average of $52.97 and a 200-day simple moving average of $55.44.

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

Pegasystems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, January 2nd. Pegasystems’s dividend payout ratio (DPR) is currently 5.63%.

Wall Street Analyst Weigh In

PEGA has been the topic of several research analyst reports. Wall Street Zen downgraded shares of Pegasystems from a “strong-buy” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. raised their price target on shares of Pegasystems from $65.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Barclays upped their price objective on shares of Pegasystems from $58.00 to $67.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Pegasystems in a research report on Monday, December 29th. Finally, DA Davidson upgraded Pegasystems from a “neutral” rating to a “buy” rating and boosted their price target for the company from $60.00 to $85.00 in a research note on Wednesday, October 22nd. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.40.

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.