Vanguard Group Inc. Has $648.16 Million Holdings in Pegasystems Inc. $PEGA

Vanguard Group Inc. increased its stake in shares of Pegasystems Inc. (NASDAQ:PEGA) by 2.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 11,272,359 shares of the technology company’s stock after acquiring an additional 221,791 shares during the period. Vanguard Group Inc. owned 6.64% of Pegasystems worth $648,161,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in PEGA. Hazlett Burt & Watson Inc. bought a new stake in Pegasystems during the third quarter worth approximately $28,000. Spire Wealth Management raised 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 purchasing an additional 414 shares during the period. Hantz Financial Services Inc. lifted 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 buying an additional 431 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Pegasystems during the 3rd quarter worth $33,000. Finally, Blue Trust Inc. boosted its holdings in shares of Pegasystems by 902.9% during the 3rd quarter. Blue Trust Inc. now owns 682 shares of the technology company’s stock worth $39,000 after buying an additional 614 shares during the period. 46.89% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on PEGA shares. Wall Street Zen downgraded shares of Pegasystems from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 14th. Citigroup reaffirmed a “buy” rating and issued a $73.00 price target (down from $81.00) on shares of Pegasystems in a research report on Thursday, February 12th. Zacks Research upgraded Pegasystems from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Rosenblatt Securities restated a “buy” rating and set a $62.00 target price on shares of Pegasystems in a research note on Thursday, February 12th. Finally, Royal Bank Of Canada set a $65.00 target price on Pegasystems and gave the company an “outperform” rating in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.40.

Pegasystems Stock Performance

Shares of PEGA opened at $41.98 on Tuesday. The company has a 50-day simple moving average of $51.69 and a 200-day simple moving average of $55.09. Pegasystems Inc. has a 52 week low of $29.84 and a 52 week high of $68.10. The firm has a market capitalization of $7.10 billion, a P/E ratio of 19.66 and a beta of 1.07.

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

Pegasystems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, January 2nd. Pegasystems’s dividend payout ratio is presently 5.63%.

Insider Buying and Selling

In other news, insider Rifat Kerim Akgonul sold 4,000 shares of the firm’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 completion of the transaction, the insider directly owned 112,845 shares of the company’s stock, valued at approximately $6,792,140.55. This trade represents a 3.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the chairman owned 44,394,454 shares in the company, 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 108,405 shares of company stock valued at $5,896,127 over the last ninety days. 50.10% of the stock is owned by company 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.