Pegasystems (NASDAQ:PEGA) Given New $47.00 Price Target at Rosenblatt Securities

Pegasystems (NASDAQ:PEGA) had its target price reduced by Rosenblatt Securities from $58.00 to $47.00 in a research report sent to investors on Thursday, MarketBeat reports. They currently have a buy rating on the technology company’s stock.

Other equities analysts have also recently issued research reports about the stock. Loop Capital cut shares of Pegasystems from a “buy” rating to a “hold” rating and lowered their target price for the company from $55.00 to $25.00 in a research note on Thursday. KeyCorp lowered shares of Pegasystems from an “overweight” rating to a “sector weight” rating in a research note on Wednesday. Barclays reiterated an “overweight” rating and issued a $39.00 price objective (down from $48.00) on shares of Pegasystems in a report on Thursday. William Blair lowered shares of Pegasystems from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Finally, Zacks Research cut Pegasystems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $52.40.

Pegasystems Stock Performance

NASDAQ:PEGA opened at $26.01 on Thursday. Pegasystems has a 1 year low of $25.10 and a 1 year high of $68.10. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 14.69 and a beta of 0.87. The business has a fifty day moving average of $32.27 and a 200-day moving average of $39.79.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Tuesday, July 21st. The technology company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The company had revenue of $420.72 million for the quarter, compared to the consensus estimate of $427.38 million. Pegasystems had a net margin of 18.66% and a return on equity of 32.21%. Pegasystems’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 earnings per share. On average, equities research analysts predict that Pegasystems will post 1.93 EPS for the current year.

Pegasystems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were given a $0.03 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $0.12 annualized dividend and a yield of 0.5%. Pegasystems’s payout ratio is 6.45%.

Insider Transactions at Pegasystems

In other news, insider Rifat Kerim Akgonul sold 4,545 shares of Pegasystems stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $33.35, for a total value of $151,575.75. Following the transaction, the insider owned 107,070 shares of the company’s stock, valued at $3,570,784.50. The trade was a 4.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Efstathios A. Kouninis sold 750 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $36.99, for a total transaction of $27,742.50. Following the completion of the sale, the chief accounting officer owned 2,144 shares in the company, valued at $79,306.56. The trade was a 25.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,795 shares of company stock valued at $229,613 over the last three months. 48.40% of the stock is owned by corporate insiders.

Institutional Trading of Pegasystems

A number of large investors have recently added to or reduced their stakes in PEGA. NewEdge Advisors LLC raised its stake in Pegasystems by 1.4% during the 3rd quarter. NewEdge Advisors LLC now owns 13,652 shares of the technology company’s stock valued at $785,000 after purchasing an additional 189 shares during the last quarter. Amundi boosted its holdings in Pegasystems by 0.6% in the 4th quarter. Amundi now owns 39,881 shares of the technology company’s stock valued at $2,382,000 after purchasing an additional 249 shares during the period. PNC Financial Services Group Inc. grew its position in Pegasystems by 3.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,378 shares of the technology company’s stock worth $500,000 after purchasing an additional 272 shares during the last quarter. State of Michigan Retirement System grew its position in Pegasystems by 1.4% in the 1st quarter. State of Michigan Retirement System now owns 22,000 shares of the technology company’s stock worth $936,000 after purchasing an additional 300 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Pegasystems by 96.5% during the 4th quarter. Fifth Third Bancorp now owns 617 shares of the technology company’s stock worth $37,000 after purchasing an additional 303 shares during the period. 46.89% of the stock is currently owned by institutional investors.

More Pegasystems News

Here are the key news stories impacting Pegasystems this week:

• Positive Sentiment: Pegasystems highlighted cloud growth and recurring revenue strength, and management outlined a long-term free cash flow target of more than $700 million by 2028. Pegasystems outlines $700M+ 2028 free cash flow target while highlighting no per token costs for ai agents
• Positive Sentiment: Several analysts kept bullish ratings, saying the selloff may create an attractive entry point despite near-term AI disruption and reset expectations. Analyst Maintains Buy on Pegasystems, Viewing Near-Term Weakness as Temporary and Market Selloff as an Attractive Entry Point
• Positive Sentiment: Rosenblatt cut its price target but still reiterated a Buy rating, implying meaningful upside from current levels. Pegasystems PT Lowered to $47 at Rosenblatt
• Neutral Sentiment: Management said the new Pega Infinity 26 launch and AI agent messaging could support longer-term positioning, but investors are still waiting to see whether it translates into stronger demand. Pegasystems (PEGA) Stock Could Be Undervalued As Pega Infinity 26 Launches
• Negative Sentiment: The Q2 miss triggered a broad downgrade wave, with analysts trimming forecasts and price targets after the weaker-than-expected report. Pegasystems Analysts Cut Their Forecasts After Downbeat Q2 Earnings
• Negative Sentiment: The stock also came under pressure because customers appear to be delaying software purchases while reassessing spending in the AI era, which could weigh on near-term growth. Pegasystems Just Did an IBM, Only Its AI Warning May Be Even Worse

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.