American Century Companies Inc. Has $91.24 Million Stake in Pegasystems Inc. $PEGA

American Century Companies Inc. boosted its position in shares of Pegasystems Inc. (NASDAQ:PEGA) by 357.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,586,793 shares of the technology company’s stock after buying an additional 1,239,998 shares during the quarter. American Century Companies Inc. owned approximately 0.93% of Pegasystems worth $91,241,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PEGA. NewEdge Advisors LLC lifted its holdings in Pegasystems by 141,900.0% in the first quarter. NewEdge Advisors LLC now owns 4,260 shares of the technology company’s stock valued at $296,000 after buying an additional 4,257 shares during the period. Jones Financial Companies Lllp raised its position in shares of Pegasystems by 450.4% during the 1st quarter. Jones Financial Companies Lllp now owns 1,844 shares of the technology company’s stock valued at $128,000 after acquiring an additional 1,509 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Pegasystems by 5.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 248,168 shares of the technology company’s stock valued at $17,253,000 after purchasing an additional 13,075 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Pegasystems by 18.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 155,783 shares of the technology company’s stock worth $10,830,000 after purchasing an additional 23,713 shares during the last quarter. Finally, Focus Partners Wealth grew its stake in shares of Pegasystems by 55.0% during the first quarter. Focus Partners Wealth now owns 5,476 shares of the technology company’s stock worth $381,000 after purchasing an additional 1,943 shares during the period. 46.89% of the stock is owned by institutional investors and hedge funds.

Pegasystems Stock Up 0.9%

Shares of PEGA opened at $45.01 on Wednesday. Pegasystems Inc. has a twelve month low of $29.84 and a twelve month high of $68.10. The stock has a market capitalization of $7.61 billion, a P/E ratio of 21.08 and a beta of 1.06. The company has a 50 day moving average of $49.77 and a 200-day moving average of $54.77.

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. Pegasystems had a return on equity of 38.86% and a net margin of 22.54%.The business had revenue of $504.32 million for the quarter, compared to the consensus estimate of $494.60 million. During the same quarter in the previous year, the business earned $0.80 earnings per share. Pegasystems’s quarterly revenue was up 2.8% on a year-over-year basis. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. On average, sell-side analysts anticipate that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Pegasystems Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on PEGA shares. Wall Street Zen cut Pegasystems from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 14th. Wedbush cut their price target on shares of Pegasystems from $75.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, February 12th. Citigroup restated a “buy” rating and set a $73.00 price objective (down from $81.00) on shares of Pegasystems in a report on Thursday, February 12th. JPMorgan Chase & Co. increased their target price on shares of Pegasystems from $65.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, December 5th. Finally, Citizens Jmp reduced their price target on shares of Pegasystems from $78.00 to $58.00 and set a “market outperform” rating on the stock in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $67.40.

Insider Activity at Pegasystems

In related news, Chairman Alan Trefler sold 45,000 shares of Pegasystems stock in a transaction dated 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 completion of the transaction, the chairman owned 44,394,454 shares in the company, valued at approximately $2,176,216,135.08. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kenneth Stillwell sold 14,405 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $57.87, for a total value of $833,617.35. Following the transaction, the chief financial officer directly owned 131,621 shares in the company, valued at approximately $7,616,907.27. This trade represents a 9.86% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 108,405 shares of company stock worth $5,896,127. Insiders own 50.10% of the company’s stock.

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.