Fiera Capital Corp Has $48.24 Million Holdings in Pegasystems Inc. $PEGA

Fiera Capital Corp cut its holdings in Pegasystems Inc. (NASDAQ:PEGA) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 838,952 shares of the technology company’s stock after selling 18,313 shares during the period. Fiera Capital Corp owned approximately 0.49% of Pegasystems worth $48,240,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. acquired a new stake in shares of Pegasystems in the third quarter worth about $28,000. Spire Wealth Management lifted its holdings in Pegasystems by 274.2% in the 2nd quarter. Spire Wealth Management now owns 565 shares of the technology company’s stock worth $31,000 after purchasing an additional 414 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Pegasystems by 321.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 565 shares of the technology company’s stock worth $32,000 after purchasing an additional 431 shares during the last quarter. Mather Group LLC. bought a new stake in Pegasystems during the third quarter worth approximately $33,000. Finally, MAI Capital Management grew its holdings in Pegasystems by 124.5% during the second quarter. MAI Capital Management now owns 696 shares of the technology company’s stock valued at $38,000 after purchasing an additional 386 shares during the last quarter. 46.89% of the stock is owned by institutional investors and hedge funds.

Pegasystems Stock Performance

Shares of PEGA opened at $44.76 on Friday. The company has a 50-day simple moving average of $52.30 and a 200-day simple moving average of $55.29. Pegasystems Inc. has a 52 week low of $29.84 and a 52 week high of $68.10. The firm has a market capitalization of $7.57 billion, a P/E ratio of 20.96 and a beta of 1.07.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.76 earnings per share (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 company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 earnings per share. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. As a group, equities analysts forecast that Pegasystems Inc. will post 1.89 earnings per share for the current year.

Pegasystems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were paid 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 was Friday, January 2nd. Pegasystems’s dividend payout ratio is presently 5.63%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Citigroup restated a “buy” rating and issued a $73.00 price objective (down from $81.00) on shares of Pegasystems in a research note on Thursday, February 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Pegasystems in a research report on Monday, December 29th. KeyCorp set a $60.00 price target on shares of Pegasystems in a report on Thursday, February 5th. Citizens Jmp lowered their price target on Pegasystems from $78.00 to $58.00 and set a “market outperform” rating on the stock in a research report on Thursday, February 12th. Finally, Wedbush cut their price objective on Pegasystems from $75.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $67.40.

Insider Buying and Selling

In other Pegasystems news, Chairman Alan Trefler sold 45,000 shares of Pegasystems stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $49.02, for a total transaction of $2,205,900.00. Following the sale, the chairman 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Rifat Kerim Akgonul sold 4,000 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $60.19, for a total transaction of $240,760.00. Following the completion of the transaction, the insider owned 112,845 shares of the company’s stock, valued at approximately $6,792,140.55. This represents a 3.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 108,405 shares of company stock valued at $5,896,127 over the last ninety days. 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.