Brokerages Set Pegasystems Inc. (NASDAQ:PEGA) PT at $67.60

Pegasystems Inc. (NASDAQ:PEGA) has received a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $67.60.

A number of analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Pegasystems in a research report on Monday, December 29th. Wedbush decreased their target price on Pegasystems from $75.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, February 12th. JPMorgan Chase & Co. raised their price target on Pegasystems from $65.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Royal Bank Of Canada set a $65.00 price target on Pegasystems and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Finally, Wall Street Zen cut Pegasystems from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 14th.

Insider Buying and Selling

In related news, Chairman Alan Trefler sold 45,000 shares of the stock in a transaction on 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 in the company, valued at $2,176,216,135.08. This represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kenneth Stillwell sold 44,000 shares of Pegasystems stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $44.81, for a total transaction of $1,971,640.00. Following the completion of the transaction, the chief financial officer owned 109,123 shares in the company, valued at approximately $4,889,801.63. This represents a 28.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 96,594 shares of company stock worth $4,507,044 in the last 90 days. Company insiders own 49.70% of the company’s stock.

Hedge Funds Weigh In On Pegasystems

Several institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its holdings in shares of Pegasystems by 1.4% in the third quarter. NewEdge Advisors LLC now owns 13,652 shares of the technology company’s stock valued at $785,000 after acquiring an additional 189 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Pegasystems by 27.3% during the third quarter. UMB Bank n.a. now owns 929 shares of the technology company’s stock worth $53,000 after acquiring an additional 199 shares during the period. Paralel Advisors LLC raised its holdings in Pegasystems by 0.3% during the third quarter. Paralel Advisors LLC now owns 76,960 shares of the technology company’s stock worth $4,425,000 after purchasing an additional 224 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Pegasystems by 20.5% during the third quarter. Global Retirement Partners LLC now owns 1,331 shares of the technology company’s stock worth $77,000 after purchasing an additional 226 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Pegasystems by 5.0% in the third quarter. EverSource Wealth Advisors LLC now owns 4,798 shares of the technology company’s stock valued at $276,000 after purchasing an additional 228 shares during the period. Institutional investors and hedge funds own 46.89% of the company’s stock.

Pegasystems Price Performance

NASDAQ PEGA opened at $43.06 on Monday. The firm’s fifty day moving average price is $46.24 and its 200 day moving average price is $54.13. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 20.17 and a beta of 1.06. Pegasystems has a 12 month low of $29.84 and a 12 month high of $68.10.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Pegasystems had a net margin of 22.54% and a return on equity of 38.86%. The firm had revenue of $504.32 million during the quarter, compared to analysts’ expectations of $494.60 million. During the same period in the previous year, the company earned $0.80 earnings per share. Pegasystems’s quarterly revenue was up 2.8% compared to the same quarter last year. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. As a group, sell-side analysts forecast that Pegasystems will post 1.89 earnings per share for the current year.

Pegasystems Dividend Announcement

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