Crossmark Global Holdings Inc. Has $3.77 Million Holdings in Pegasystems Inc. $PEGA

Crossmark Global Holdings Inc. raised its holdings in shares of Pegasystems Inc. (NASDAQ:PEGA) by 25.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 65,573 shares of the technology company’s stock after purchasing an additional 13,332 shares during the period. Crossmark Global Holdings Inc.’s holdings in Pegasystems were worth $3,770,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its stake in Pegasystems by 23.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,987,291 shares of the technology company’s stock valued at $286,769,000 after acquiring an additional 937,216 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Pegasystems by 1.3% in the third quarter. Thrivent Financial for Lutherans now owns 1,927,576 shares of the technology company’s stock worth $110,778,000 after acquiring an additional 25,598 shares in the last quarter. Vest Financial LLC acquired a new position in shares of Pegasystems during the 3rd quarter worth $1,515,000. Intrinsic Edge Capital Management LLC bought a new position in shares of Pegasystems during the 3rd quarter valued at $10,940,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Pegasystems by 40.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 218,917 shares of the technology company’s stock valued at $12,489,000 after purchasing an additional 63,267 shares in the last quarter. Institutional investors and hedge funds own 46.89% of the company’s stock.

Analyst Ratings Changes

PEGA has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Pegasystems in a report on Monday, December 29th. KeyCorp set a $60.00 target price on Pegasystems in a report on Thursday, February 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $62.00 price target on shares of Pegasystems in a research report on Thursday, February 12th. Citizens Jmp decreased their price target 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. Finally, JPMorgan Chase & Co. raised their price objective on Pegasystems from $65.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, December 5th. One equities research 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $67.40.

Insider Buying and Selling

In other Pegasystems news, insider Rifat Kerim Akgonul sold 4,000 shares of Pegasystems stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $60.19, for a total value of $240,760.00. Following the transaction, the insider directly owned 112,845 shares of the company’s stock, valued at $6,792,140.55. The trade was a 3.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Alan Trefler sold 45,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $49.02, for a total value of $2,205,900.00. Following the transaction, the chairman owned 44,394,454 shares of the company’s stock, valued at approximately $2,176,216,135.08. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 94,000 shares of company stock worth $5,062,510 in the last ninety days. Insiders own 49.70% of the company’s stock.

Pegasystems Price Performance

Shares of PEGA opened at $47.24 on Friday. The company has a market capitalization of $7.99 billion, a PE ratio of 22.13 and a beta of 1.06. Pegasystems Inc. has a one year low of $29.84 and a one year high of $68.10. The company’s fifty day moving average price is $48.85 and its 200 day moving average price is $54.64.

Pegasystems (NASDAQ:PEGA) last released its quarterly 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 company 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 business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 earnings per share. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. Analysts anticipate that Pegasystems Inc. will post 1.89 earnings per share for the current year.

Pegasystems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were paid a dividend of $0.03 per share. The ex-dividend date was Friday, January 2nd. This represents a $0.12 annualized dividend and a yield of 0.3%. Pegasystems’s dividend payout ratio is presently 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.