Wealth Enhancement Advisory Services LLC Increases Position in Pegasystems Inc. $PEGA

Wealth Enhancement Advisory Services LLC grew its position in Pegasystems Inc. (NASDAQ:PEGA) by 160.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 498,713 shares of the technology company’s stock after purchasing an additional 307,284 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.29% of Pegasystems worth $29,963,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hazlett Burt & Watson Inc. purchased a new stake in Pegasystems in the third quarter valued at approximately $28,000. Hantz Financial Services Inc. boosted its stake in 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 purchasing an additional 431 shares during the period. Mather Group LLC. purchased a new position in Pegasystems during the 3rd quarter worth $33,000. Blue Trust Inc. increased its stake in Pegasystems by 902.9% in the third quarter. Blue Trust Inc. now owns 682 shares of the technology company’s stock valued at $39,000 after purchasing an additional 614 shares during the period. Finally, MAI Capital Management raised its holdings 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 buying an additional 386 shares during the last quarter. Institutional investors and hedge funds own 46.89% of the company’s stock.

Wall Street Analyst Weigh In

PEGA has been the topic of a number of research reports. Wall Street Zen lowered Pegasystems from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 14th. Citizens Jmp reduced their price objective on Pegasystems from $78.00 to $58.00 and set a “market outperform” rating for the company in a research note on Thursday, February 12th. JPMorgan Chase & Co. lifted their target price on Pegasystems from $65.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, December 5th. Citigroup boosted their target price on Pegasystems from $73.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Pegasystems in a research note on Monday, December 29th. 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.com, Pegasystems has a consensus rating of “Moderate Buy” and an average target price of $67.60.

Pegasystems Trading Down 5.4%

Shares of PEGA opened at $41.95 on Wednesday. Pegasystems Inc. has a twelve month low of $29.84 and a twelve month high of $68.10. The stock’s 50 day moving average is $45.03 and its two-hundred day moving average is $53.82. The firm has a market capitalization of $7.09 billion, a PE ratio of 19.65 and a beta of 1.06.

Pegasystems (NASDAQ:PEGA) last issued its earnings results on Tuesday, February 10th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The business 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 company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 EPS. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. On average, sell-side analysts predict that Pegasystems Inc. will post 1.89 EPS for the current 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 issued 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 is Wednesday, April 1st. Pegasystems’s dividend payout ratio is currently 5.63%.

Insiders Place Their Bets

In other Pegasystems news, CAO Efstathios A. Kouninis sold 1,000 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $42.88, for a total value of $42,880.00. Following the completion of the transaction, the chief accounting officer owned 3,365 shares in the company, valued at approximately $144,291.20. This represents a 22.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Rifat Kerim Akgonul sold 7,594 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were 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 approximately $4,834,904.31. This trade represents a 6.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 97,594 shares of company stock worth $4,549,924. 50.10% of the stock is owned by insiders.

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.