FY2025 EPS Estimates for Pegasystems Boosted by DA Davidson

Pegasystems Inc. (NASDAQ:PEGA) – Stock analysts at DA Davidson boosted their FY2025 earnings estimates for Pegasystems in a research note issued on Thursday, April 24th. DA Davidson analyst G. Luria now expects that the technology company will post earnings per share of $2.22 for the year, up from their previous estimate of $2.07. DA Davidson currently has a “Neutral” rating and a $90.00 target price on the stock. The consensus estimate for Pegasystems’ current full-year earnings is $1.89 per share.

Several other brokerages have also commented on PEGA. Wedbush restated an “outperform” rating and issued a $125.00 price objective on shares of Pegasystems in a report on Thursday, April 24th. JMP Securities reissued a “market outperform” rating and issued a $110.00 target price on shares of Pegasystems in a research report on Thursday, February 13th. Rosenblatt Securities lowered their target price on Pegasystems from $115.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Citigroup reduced their price target on Pegasystems from $119.00 to $107.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Finally, Loop Capital reissued a “buy” rating and set a $105.00 price objective (up previously from $85.00) on shares of Pegasystems in a research report on Thursday, April 24th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $100.27.

Pegasystems Price Performance

PEGA opened at $91.16 on Monday. The firm has a market capitalization of $7.76 billion, a price-to-earnings ratio of 90.26 and a beta of 1.22. Pegasystems has a one year low of $55.71 and a one year high of $113.67. The business has a 50 day simple moving average of $73.60 and a two-hundred day simple moving average of $85.93.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.20). Pegasystems had a net margin of 6.63% and a return on equity of 32.09%.

Hedge Funds Weigh In On Pegasystems

Several hedge funds and other institutional investors have recently modified their holdings of PEGA. Envestnet Asset Management Inc. increased its position in Pegasystems by 108.2% during the first quarter. Envestnet Asset Management Inc. now owns 69,600 shares of the technology company’s stock valued at $4,839,000 after acquiring an additional 36,171 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Pegasystems by 6.0% during the 1st quarter. Bank of New York Mellon Corp now owns 343,220 shares of the technology company’s stock valued at $23,861,000 after purchasing an additional 19,485 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Pegasystems during the 1st quarter valued at about $5,664,000. Teacher Retirement System of Texas lifted its stake in shares of Pegasystems by 275.3% in the 1st quarter. Teacher Retirement System of Texas now owns 603,183 shares of the technology company’s stock worth $41,933,000 after purchasing an additional 442,462 shares during the period. Finally, Cannon Global Investment Management LLC purchased a new position in shares of Pegasystems in the first quarter worth approximately $278,000. 46.89% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Pegasystems news, CAO Efstathios A. Kouninis sold 658 shares of the company’s stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $89.90, for a total transaction of $59,154.20. Following the transaction, the chief accounting officer now owns 1,000 shares in the company, valued at approximately $89,900. This represents a 39.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Leon Trefler sold 2,049 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $75.65, for a total transaction of $155,006.85. Following the sale, the insider now directly owns 52,019 shares in the company, valued at approximately $3,935,237.35. The trade was a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,762 shares of company stock worth $10,386,802 in the last three months. Insiders own 50.10% of the company’s stock.

Pegasystems Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were issued a $0.015 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.06 dividend on an annualized basis and a yield of 0.07%. Pegasystems’s payout ratio is currently 5.83%.

Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients’ processes and workflows.