Efstathios Kouninis Sells 1,000 Shares of Pegasystems (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios Kouninis sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $42.88, for a total value of $42,880.00. Following the completion of the sale, 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 document filed with the SEC, which is available at this hyperlink.

Pegasystems Price Performance

Pegasystems stock opened at $43.42 on Friday. The company has a market capitalization of $7.34 billion, a PE ratio of 20.34 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 business has a 50 day simple moving average of $45.62 and a 200 day simple moving average of $53.98.

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 return on equity of 38.86% and a net margin of 22.54%.The firm had revenue of $504.32 million for the quarter, compared to analysts’ expectations of $494.60 million. During the same period in the prior year, the business posted $0.80 earnings per share. The business’s 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. Equities analysts anticipate that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Pegasystems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Wednesday, April 1st. Pegasystems’s payout ratio is currently 5.63%.

Hedge Funds Weigh In On Pegasystems

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. lifted its stake in shares of Pegasystems by 44,255.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 202,261 shares of the technology company’s stock valued at $12,079,000 after purchasing an additional 201,805 shares during the period. Corient Private Wealth LLC grew its stake in shares of Pegasystems by 41.1% during the fourth quarter. Corient Private Wealth LLC now owns 32,581 shares of the technology company’s stock worth $1,946,000 after purchasing an additional 9,497 shares during the period. Kera Capital Partners Inc. grew its stake in shares of Pegasystems by 28.6% during the fourth quarter. Kera Capital Partners Inc. now owns 5,540 shares of the technology company’s stock worth $331,000 after purchasing an additional 1,232 shares during the period. Invesco Ltd. increased its holdings in Pegasystems by 14.8% in the fourth quarter. Invesco Ltd. now owns 3,127,771 shares of the technology company’s stock valued at $186,790,000 after purchasing an additional 402,763 shares during the last quarter. Finally, Vident Advisory LLC increased its holdings in Pegasystems by 21.3% in the fourth quarter. Vident Advisory LLC now owns 82,206 shares of the technology company’s stock valued at $4,909,000 after purchasing an additional 14,462 shares during the last quarter. 46.89% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on PEGA. Citigroup lifted their price target on shares of Pegasystems from $73.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Citizens Jmp decreased their price objective on shares of Pegasystems from $78.00 to $58.00 and set a “market outperform” rating on the stock in a research note on Thursday, February 12th. Wall Street Zen lowered shares of Pegasystems from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 14th. KeyCorp set a $60.00 target price on shares of Pegasystems in a research note on Thursday, February 5th. Finally, Zacks Research upgraded Pegasystems from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.60.

About Pegasystems

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.