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

Shares of Pegasystems Inc. (NASDAQ:PEGA) have been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $67.40.

A number of research firms recently issued reports on PEGA. Royal Bank Of Canada set a $65.00 price objective on shares of Pegasystems and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Citizens Jmp decreased their target price on shares of Pegasystems from $78.00 to $58.00 and set a “market outperform” rating on the stock in a research note on Thursday, February 12th. Citigroup reiterated a “buy” rating and issued a $73.00 price target (down from $81.00) on shares of Pegasystems in a research note on Thursday, February 12th. Zacks Research raised Pegasystems from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Finally, Barclays boosted their price objective on Pegasystems from $58.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd.

Insider Activity

In related news, insider Rifat Kerim Akgonul sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $60.19, for a total value of $240,760.00. Following the completion of the transaction, the insider owned 112,845 shares in the company, valued at $6,792,140.55. This trade represents a 3.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Alan Trefler sold 45,000 shares of the business’s stock in a transaction that occurred 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 directly owned 44,394,454 shares in the company, valued at $2,176,216,135.08. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 108,405 shares of company stock valued at $5,896,127 over the last quarter. 49.70% of the stock is owned by company insiders.

Institutional Trading of Pegasystems

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new stake in shares of Pegasystems in the 4th quarter valued at about $28,000. Hazlett Burt & Watson Inc. bought a new position in shares of Pegasystems during the third quarter worth about $28,000. EFG International AG acquired a new position in shares of Pegasystems in the fourth quarter worth approximately $32,000. Spire Wealth Management lifted its stake in shares of Pegasystems by 274.2% in the second quarter. Spire Wealth Management now owns 565 shares of the technology company’s stock worth $31,000 after acquiring an additional 414 shares during the period. Finally, 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 valued at $32,000 after acquiring an additional 431 shares during the last quarter. 46.89% of the stock is currently owned by institutional investors and hedge funds.

Pegasystems Stock Up 0.4%

Shares of PEGA stock opened at $44.68 on Thursday. Pegasystems has a twelve month low of $29.84 and a twelve month high of $68.10. The company has a market cap of $7.55 billion, a P/E ratio of 20.93 and a beta of 1.07. The business has a fifty day simple moving average of $52.64 and a 200 day simple moving average of $55.37.

Pegasystems (NASDAQ:PEGA) last released its earnings results on Tuesday, February 10th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $504.32 million for the quarter, compared to analysts’ expectations 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 in the previous year, the business 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.

Pegasystems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, January 2nd. Pegasystems’s payout ratio is 5.63%.

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.