Allspring Global Investments Holdings LLC Increases Stock Holdings in Pegasystems Inc. $PEGA

Allspring Global Investments Holdings LLC lifted its position in shares of Pegasystems Inc. (NASDAQ:PEGA) by 71.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 374,645 shares of the technology company’s stock after buying an additional 155,728 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.22% of Pegasystems worth $21,003,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC increased its stake in shares of Pegasystems by 195.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 4,764 shares of the technology company’s stock worth $285,000 after purchasing an additional 3,150 shares in the last quarter. Dakota Wealth Management acquired a new stake in shares of Pegasystems during the fourth quarter valued at $316,000. Wealth Enhancement Advisory Services LLC increased its position in Pegasystems by 160.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 498,713 shares of the technology company’s stock worth $29,963,000 after purchasing an additional 307,284 shares in the last quarter. NorthCrest Asset Manangement LLC increased its position in Pegasystems by 39.0% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 11,398 shares of the technology company’s stock worth $669,000 after purchasing an additional 3,196 shares in the last quarter. Finally, Occidental Asset Management LLC acquired a new position in Pegasystems in the 4th quarter valued at about $252,000. 46.89% of the stock is owned by institutional investors and hedge funds.

Pegasystems Price Performance

Shares of PEGA opened at $42.62 on Friday. Pegasystems Inc. has a fifty-two week low of $29.84 and a fifty-two week high of $68.10. The company’s fifty day moving average is $43.49 and its two-hundred day moving average is $52.99. The firm has a market cap of $7.20 billion, a PE ratio of 19.96 and a beta of 1.09.

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

Pegasystems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, April 1st. Pegasystems’s dividend payout ratio (DPR) is 5.63%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PEGA shares. Citizens Jmp reduced their target price on shares of Pegasystems from $78.00 to $58.00 and set a “market outperform” rating on the stock in a 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 report on Thursday, February 12th. Royal Bank Of Canada set a $65.00 price objective on shares of Pegasystems and gave the company an “outperform” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. raised their target price 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. Finally, Wall Street Zen cut shares of Pegasystems from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 14th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Pegasystems has a consensus rating of “Moderate Buy” and a consensus price target of $67.60.

Insider Transactions at Pegasystems

In other news, CAO Efstathios A. Kouninis sold 1,000 shares of Pegasystems stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $42.88, for a total value of $42,880.00. Following the transaction, the chief accounting officer directly owned 3,365 shares of the company’s stock, valued at $144,291.20. The trade was a 22.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Rifat Kerim Akgonul sold 7,594 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $43.39, for a total transaction of $329,503.66. Following the completion of the transaction, the insider owned 111,429 shares in the company, valued at $4,834,904.31. The trade was a 6.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 97,594 shares of company stock valued at $4,549,924. 49.70% of the stock is owned by company insiders.

Pegasystems 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.