Wedbush Reaffirms Outperform Rating for Pegasystems (NASDAQ:PEGA)

Pegasystems (NASDAQ:PEGA)‘s stock had its “outperform” rating reaffirmed by stock analysts at Wedbush in a research note issued to investors on Thursday,Benzinga reports. They presently have a $60.00 price objective on the technology company’s stock. Wedbush’s price target would indicate a potential upside of 60.73% from the company’s previous close.

PEGA has been the subject of a number of other research reports. Citigroup decreased their price target on shares of Pegasystems from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Pegasystems in a report on Friday, March 27th. Citizens Jmp lowered their target price on shares of Pegasystems from $78.00 to $58.00 and set a “market outperform” rating for the company in a research note on Thursday, February 12th. Zacks Research raised shares of Pegasystems from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Finally, Wall Street Zen downgraded shares of Pegasystems from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 14th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Pegasystems has an average rating of “Moderate Buy” and a consensus price target of $63.70.

Pegasystems Trading Up 5.9%

PEGA stock opened at $37.33 on Thursday. Pegasystems has a twelve month low of $34.33 and a twelve month high of $68.10. The company has a market capitalization of $6.26 billion, a P/E ratio of 20.07 and a beta of 1.09. The firm has a 50 day simple moving average of $42.78 and a 200-day simple moving average of $51.16.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Tuesday, April 21st. The technology company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.22). Pegasystems had a return on equity of 30.05% and a net margin of 20.04%.The company had revenue of $429.97 million for the quarter, compared to analyst estimates of $473.24 million. During the same period in the previous year, the business posted $0.76 EPS. The firm’s quarterly revenue was down 9.6% compared to the same quarter last year. On average, research analysts predict that Pegasystems will post 2.08 EPS for the current year.

Insiders Place Their Bets

In other news, insider Rifat Kerim Akgonul sold 7,594 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $43.39, for a total value of $329,503.66. Following the completion of the transaction, the insider directly owned 111,429 shares in the company, valued at $4,834,904.31. This trade represents a 6.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kenneth Stillwell sold 44,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $44.81, for a total transaction of $1,971,640.00. Following the completion of the transaction, the chief financial officer owned 109,123 shares of the company’s stock, valued at $4,889,801.63. This trade represents a 28.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 52,594 shares of company stock worth $2,344,024. Insiders own 49.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Impact Partnership Wealth LLC boosted its holdings in shares of Pegasystems by 63.0% in the first quarter. Impact Partnership Wealth LLC now owns 13,627 shares of the technology company’s stock valued at $580,000 after acquiring an additional 5,267 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Pegasystems by 6.0% in the first quarter. Pictet Asset Management Holding SA now owns 15,753 shares of the technology company’s stock valued at $670,000 after acquiring an additional 892 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Pegasystems in the first quarter valued at approximately $1,128,000. Blue Trust Inc. boosted its holdings in shares of Pegasystems by 103.3% in the first quarter. Blue Trust Inc. now owns 2,228 shares of the technology company’s stock valued at $95,000 after acquiring an additional 1,132 shares in the last quarter. Finally, OP Asset Management Ltd bought a new position in shares of Pegasystems in the first quarter valued at approximately $4,737,000. 46.89% of the stock is currently owned by institutional investors.

Key Pegasystems News

Here are the key news stories impacting Pegasystems this week:

• Positive Sentiment: Citigroup raised its price target to $71 and maintained a Buy rating, signaling strong upside vs. the current share price; that analyst backing supports upside momentum. Citigroup Raises PT to $71 (Benzinga)
• Positive Sentiment: Wedbush reaffirmed its Outperform/Buy view and $60 target, providing additional institutional support for the stock after the earnings print. Wedbush Reaffirms Their Buy Rating on Pegasystems
• Positive Sentiment: Management is targeting ~75% cloud ACV as Blueprint adoption accelerates — a clearer path to recurring, higher-margin cloud revenue that investors view as strategic and value-enhancing. Pegasystems targets 75% cloud ACV as Blueprint drives growth
• Positive Sentiment: Highlights from the Q1 earnings call emphasized accelerating cloud and AI momentum — management is positioning new product/AI initiatives to offset near-term revenue softness. Pegasystems Earnings Call Highlights Cloud and AI Surge
• Neutral Sentiment: Coverage pieces note Pegasystems is doubling down on cloud while flagging rising competitive intensity (Microsoft’s AI moves); this validates the market opportunity but raises execution risk. Pegasystems bets on cloud surge as Microsoft enters AI ‘Code Red’
• Neutral Sentiment: Analyst commentary roundups provide mixed views on valuation vs. growth trajectory — useful context but not a direct catalyst. Analysts Offer Insights on Technology Companies: Pegasystems
• Negative Sentiment: Pegasystems missed Q1 revenue and sales expectations (and EPS came in below estimates), which drove the initial post-earnings selloff and remains the key near-term headwind. Pegasystems Misses Q1 Sales Expectations (Yahoo)
• Negative Sentiment: Technical/market commentary points to short-term chart weakness and intraday selling pressure, which can amplify volatility while investors wait for clearer execution on cloud ACV targets. Is Pegasystems Slide Signaling A Shift on The Nasdaq Chart?

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.