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

Shares of Pegasystems Inc. (NASDAQ:PEGA) have earned an average rating of “Moderate Buy” from the twelve brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $67.60.

A number of equities analysts recently weighed in on the stock. Zacks Research raised shares of Pegasystems from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Citigroup boosted their price target on shares of Pegasystems from $73.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Royal Bank Of Canada set a $65.00 price target on shares of Pegasystems and gave the stock an “outperform” rating in a report on Thursday, February 12th. KeyCorp set a $60.00 price target on shares of Pegasystems in a report on Thursday, February 5th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $62.00 price target on shares of Pegasystems in a report on Thursday, February 12th.

Pegasystems Price Performance

PEGA opened at $39.87 on Friday. The company has a market capitalization of $6.74 billion, a price-to-earnings ratio of 18.67 and a beta of 1.09. The firm’s fifty day moving average price is $42.92 and its two-hundred day moving average price is $52.51. Pegasystems has a 1 year low of $32.94 and a 1 year high of $68.10.

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

Pegasystems Dividend Announcement

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

Insider Transactions at Pegasystems

In related news, CAO Efstathios A. Kouninis sold 1,000 shares of the business’s 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 sale, the chief accounting officer directly owned 3,365 shares in the company, valued at approximately $144,291.20. The trade was a 22.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kenneth Stillwell sold 44,000 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $44.81, for a total value of $1,971,640.00. Following the completion of 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 97,594 shares of company stock valued at $4,549,924. 49.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Pegasystems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in shares of Pegasystems by 1.4% in the 3rd quarter. NewEdge Advisors LLC now owns 13,652 shares of the technology company’s stock worth $785,000 after buying an additional 189 shares during the period. UMB Bank n.a. lifted its holdings in shares of Pegasystems by 27.3% in the 3rd quarter. UMB Bank n.a. now owns 929 shares of the technology company’s stock worth $53,000 after buying an additional 199 shares during the period. Paralel Advisors LLC lifted its holdings in shares of Pegasystems by 0.3% in the 3rd quarter. Paralel Advisors LLC now owns 76,960 shares of the technology company’s stock worth $4,425,000 after buying an additional 224 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of Pegasystems by 20.5% in the 3rd quarter. Global Retirement Partners LLC now owns 1,331 shares of the technology company’s stock worth $77,000 after buying an additional 226 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Pegasystems by 5.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,798 shares of the technology company’s stock worth $276,000 after buying an additional 228 shares during the period. 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.