Pegasystems (NASDAQ:PEGA) Given Buy Rating at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Pegasystems (NASDAQ:PEGA) in a report published on Monday morning,Benzinga reports. Rosenblatt Securities currently has a $62.00 target price on the technology company’s stock.

Several other brokerages have also commented on PEGA. Royal Bank Of Canada set a $65.00 price target on Pegasystems and gave the company an “outperform” rating in a research note on Thursday, February 12th. Wall Street Zen lowered Pegasystems from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 14th. Citigroup cut their target price on Pegasystems from $75.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Pegasystems in a research note on Friday, March 27th. Finally, Citizens Jmp cut their target price on Pegasystems from $78.00 to $58.00 and set a “market outperform” rating on the stock in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Pegasystems presently has a consensus rating of “Moderate Buy” and an average target price of $64.10.

Pegasystems Trading Up 0.4%

Shares of Pegasystems stock opened at $43.80 on Monday. The firm has a market cap of $7.40 billion, a P/E ratio of 20.52 and a beta of 1.09. Pegasystems has a 12 month low of $32.94 and a 12 month high of $68.10. The stock’s fifty day moving average price is $43.10 and its 200-day moving average price is $51.61.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. The firm 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%.The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 earnings per share. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. Analysts forecast that Pegasystems will post 2.08 earnings per share for the current year.

Pegasystems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.3%. The ex-dividend date was Wednesday, April 1st. Pegasystems’s payout ratio is 5.63%.

Insider Buying and Selling

In other Pegasystems news, insider Rifat Kerim Akgonul sold 7,594 shares of Pegasystems stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $43.39, for a total value of $329,503.66. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Efstathios A. Kouninis sold 1,000 shares of the firm’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 completion of the sale, the chief accounting officer directly owned 3,365 shares of the company’s stock, valued at approximately $144,291.20. This represents a 22.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 97,594 shares of company stock worth $4,549,924 over the last ninety days. 50.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Pegasystems

Institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new stake in Pegasystems in the fourth quarter worth about $28,000. Hazlett Burt & Watson Inc. acquired a new stake in Pegasystems in the third quarter worth about $28,000. EFG International AG acquired a new stake in Pegasystems in the fourth quarter worth about $32,000. Hantz Financial Services Inc. boosted its holdings in Pegasystems by 321.6% in the third quarter. Hantz Financial Services Inc. now owns 565 shares of the technology company’s stock worth $32,000 after acquiring an additional 431 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in Pegasystems in the third quarter worth about $33,000. Institutional investors and hedge funds own 46.89% of the company’s stock.

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.