Marietta Investment Partners LLC Buys 55,968 Shares of Pegasystems Inc. $PEGA

Marietta Investment Partners LLC boosted its stake in shares of Pegasystems Inc. (NASDAQ:PEGA) by 221.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 81,206 shares of the technology company’s stock after purchasing an additional 55,968 shares during the period. Marietta Investment Partners LLC’s holdings in Pegasystems were worth $4,669,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Hazlett Burt & Watson Inc. purchased a new position in shares of Pegasystems during the 3rd quarter valued at about $28,000. Spire Wealth Management lifted its position in shares of Pegasystems by 274.2% in the second quarter. Spire Wealth Management now owns 565 shares of the technology company’s stock valued at $31,000 after acquiring an additional 414 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Pegasystems by 321.6% in the third quarter. Hantz Financial Services Inc. now owns 565 shares of the technology company’s stock worth $32,000 after acquiring an additional 431 shares during the period. Mather Group LLC. purchased a new stake in shares of Pegasystems during the third quarter worth about $33,000. Finally, MAI Capital Management raised its stake in Pegasystems by 124.5% during the 2nd 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 period. Hedge funds and other institutional investors own 46.89% of the company’s stock.

Wall Street Analyst Weigh In

PEGA has been the subject of a number of research analyst reports. Royal Bank Of Canada set a $65.00 price objective on shares of Pegasystems and gave the company an “outperform” rating in a report on Thursday, February 12th. Wedbush cut their target price on shares of Pegasystems from $75.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. KeyCorp set a $60.00 price target on shares of Pegasystems in a research note on Thursday, February 5th. Zacks Research upgraded Pegasystems from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Finally, Citigroup reaffirmed a “buy” rating and issued a $73.00 target price (down from $81.00) on shares of Pegasystems in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.40.

Insider Buying and Selling at Pegasystems

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 transaction, the chairman directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rifat Kerim Akgonul sold 4,000 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $60.19, for a total transaction of $240,760.00. Following the transaction, the insider owned 112,845 shares in the company, valued at $6,792,140.55. The trade was a 3.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 94,000 shares of company stock valued at $5,062,510 over the last ninety days. 49.70% of the stock is owned by insiders.

Pegasystems Stock Up 0.5%

Pegasystems stock opened at $47.30 on Friday. Pegasystems Inc. has a twelve month low of $29.84 and a twelve month high of $68.10. The company’s 50-day moving average price is $49.16 and its 200-day moving average price is $54.67. The company has a market cap of $8.00 billion, a PE ratio of 22.15 and a beta of 1.06.

Pegasystems (NASDAQ:PEGA) last released its quarterly 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. Pegasystems had a return on equity of 38.86% and a net margin of 22.54%.The company had revenue of $504.32 million during the quarter, compared to analyst estimates of $494.60 million. During the same quarter last year, the business posted $0.80 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. As a group, sell-side analysts expect that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Pegasystems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were given a $0.03 dividend. The ex-dividend date was Friday, January 2nd. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. Pegasystems’s dividend payout ratio (DPR) is currently 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.