33,328 Shares in Pegasystems Inc. $PEGA Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC acquired a new position in shares of Pegasystems Inc. (NASDAQ:PEGA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 33,328 shares of the technology company’s stock, valued at approximately $1,990,000.

A number of other hedge funds also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. purchased a new position in shares of Pegasystems in the third quarter worth approximately $28,000. Hantz Financial Services Inc. lifted its position in shares of Pegasystems by 321.6% in the 3rd 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 in the last quarter. Mather Group LLC. acquired a new position in Pegasystems in the 3rd quarter worth approximately $33,000. MAI Capital Management boosted its stake in Pegasystems by 124.5% in the 2nd quarter. MAI Capital Management now owns 696 shares of the technology company’s stock worth $38,000 after purchasing an additional 386 shares during the period. Finally, Blue Trust Inc. grew its position in Pegasystems by 902.9% during the 3rd quarter. Blue Trust Inc. now owns 682 shares of the technology company’s stock worth $39,000 after purchasing an additional 614 shares in the last quarter. 46.89% of the stock is owned by hedge funds and other institutional investors.

Pegasystems Stock Performance

NASDAQ:PEGA opened at $43.42 on Monday. The company has a market capitalization of $7.34 billion, a P/E ratio of 20.34 and a beta of 1.06. The stock’s 50 day moving average price is $45.62 and its 200 day moving average price is $53.98. Pegasystems Inc. has a 52 week low of $29.84 and a 52 week high of $68.10.

Pegasystems (NASDAQ:PEGA) last posted 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 during the quarter, compared to analysts’ expectations of $494.60 million. Pegasystems had a net margin of 22.54% and a return on equity of 38.86%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 earnings per share. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. As a group, sell-side analysts forecast that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Pegasystems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, April 1st. Pegasystems’s payout ratio is presently 5.63%.

Insider Buying and Selling at Pegasystems

In other Pegasystems news, CAO Efstathios A. Kouninis sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $42.88, for a total transaction of $42,880.00. Following the transaction, the chief accounting officer directly owned 3,365 shares in the company, valued at $144,291.20. This trade represents a 22.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rifat Kerim Akgonul sold 7,594 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $43.39, for a total value of $329,503.66. Following the completion of the sale, the insider directly owned 111,429 shares of the company’s stock, valued at $4,834,904.31. This represents a 6.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 97,594 shares of company stock worth $4,549,924 in the last 90 days. 50.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PEGA. Weiss Ratings restated a “hold (c+)” rating on shares of Pegasystems in a report on Monday, December 29th. Wedbush lowered their price target on Pegasystems from $75.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, February 12th. Rosenblatt Securities reissued a “buy” rating and set a $62.00 price target on shares of Pegasystems in a research report on Thursday, February 12th. Wall Street Zen downgraded Pegasystems from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Citigroup raised their price objective on Pegasystems from $73.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Pegasystems presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.60.

About Pegasystems

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.