Pegasystems Inc. (NASDAQ:PEGA) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Pegasystems Inc. (NASDAQ:PEGA) have been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $67.60.

A number of equities research analysts have recently weighed in on PEGA shares. Zacks Research upgraded shares of Pegasystems from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Wedbush lowered their price objective on shares of Pegasystems from $75.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, February 12th. Rosenblatt Securities reissued a “buy” rating and issued a $62.00 price objective on shares of Pegasystems in a research note on Thursday, February 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Pegasystems in a research report on Monday, December 29th. Finally, KeyCorp set a $60.00 target price on shares of Pegasystems in a research note on Thursday, February 5th.

Pegasystems Stock Down 0.1%

Shares of PEGA stock opened at $42.45 on Monday. Pegasystems has a twelve month low of $29.84 and a twelve month high of $68.10. The company has a market cap of $7.18 billion, a P/E ratio of 19.88 and a beta of 1.06. The business has a fifty day simple moving average of $47.26 and a 200 day simple moving average of $54.36.

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

Insider Buying and Selling at Pegasystems

In related news, Chairman Alan Trefler sold 45,000 shares of the firm’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $49.02, for a total transaction of $2,205,900.00. Following the sale, the chairman owned 44,394,454 shares of the company’s stock, valued at $2,176,216,135.08. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kenneth Stillwell sold 44,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $44.81, for a total value of $1,971,640.00. Following the sale, the chief financial officer owned 109,123 shares in the company, valued at $4,889,801.63. This represents a 28.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 134,000 shares of company stock worth $6,793,390. 50.10% of the stock is currently owned by company insiders.

Institutional Trading of Pegasystems

Hedge funds and other institutional investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its position in Pegasystems by 23.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,987,291 shares of the technology company’s stock valued at $286,769,000 after acquiring an additional 937,216 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Pegasystems by 1.3% during the third quarter. Thrivent Financial for Lutherans now owns 1,927,576 shares of the technology company’s stock worth $110,778,000 after purchasing an additional 25,598 shares during the period. Vest Financial LLC acquired a new position in shares of Pegasystems during the third quarter worth $1,515,000. Intrinsic Edge Capital Management LLC bought a new stake in shares of Pegasystems in the third quarter worth $10,940,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Pegasystems by 40.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 218,917 shares of the technology company’s stock worth $12,489,000 after purchasing an additional 63,267 shares during the last quarter. 46.89% of the stock is currently owned by institutional investors.

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.