Dimensional Fund Advisors LP Has $141.95 Million Stock Position in Pegasystems Inc. $PEGA

Dimensional Fund Advisors LP boosted its holdings in Pegasystems Inc. (NASDAQ:PEGA) by 7.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,468,516 shares of the technology company’s stock after purchasing an additional 181,627 shares during the period. Dimensional Fund Advisors LP owned about 1.45% of Pegasystems worth $141,950,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Hazlett Burt & Watson Inc. bought a new stake in Pegasystems during the 3rd quarter worth about $28,000. Hantz Financial Services Inc. boosted its stake in shares of Pegasystems by 321.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 565 shares of the technology company’s stock worth $32,000 after buying an additional 431 shares during the last quarter. Mather Group LLC. bought a new position in shares of Pegasystems in the 3rd quarter valued at about $33,000. Blue Trust Inc. grew its holdings in shares of Pegasystems by 902.9% in the 3rd quarter. Blue Trust Inc. now owns 682 shares of the technology company’s stock valued at $39,000 after acquiring an additional 614 shares in the last quarter. Finally, MAI Capital Management increased its position in shares of Pegasystems by 124.5% in the second quarter. MAI Capital Management now owns 696 shares of the technology company’s stock valued at $38,000 after acquiring an additional 386 shares during the last quarter. 46.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman Alan Trefler sold 45,000 shares of Pegasystems stock in a transaction dated 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 completion of the sale, the chairman owned 44,394,454 shares of the company’s stock, valued at approximately $2,176,216,135.08. The trade was a 0.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 50.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PEGA has been the topic of several analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $62.00 target price on shares of Pegasystems in a report on Thursday, February 12th. 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. 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. Zacks Research upgraded Pegasystems from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Finally, Wedbush cut their price objective on Pegasystems from $75.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. One investment 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $67.40.

Pegasystems Stock Down 3.2%

NASDAQ:PEGA opened at $44.69 on Wednesday. Pegasystems Inc. has a 12-month low of $29.84 and a 12-month high of $68.10. The firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of 20.93 and a beta of 1.06. The stock’s 50 day moving average price is $48.20 and its two-hundred day moving average price is $54.57.

Pegasystems (NASDAQ:PEGA) last issued its earnings results on Tuesday, February 10th. The technology company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. The company had revenue of $504.32 million during the quarter, compared to the consensus estimate of $494.60 million. Pegasystems had a return on equity of 38.86% and a net margin of 22.54%.The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 EPS. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. Equities research analysts expect that Pegasystems Inc. will post 1.89 EPS for the current year.

Pegasystems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend 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.