Pegasystems Inc. (NASDAQ:PEGA) Receives $67.60 Consensus PT from Analysts

Shares of Pegasystems Inc. (NASDAQ:PEGA) have been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $67.10.

PEGA has been the topic of a number of recent analyst reports. Royal Bank Of Canada set a $65.00 target price on shares of Pegasystems and gave the stock an “outperform” rating in a report on Thursday, February 12th. KeyCorp set a $60.00 target price on shares of Pegasystems in a report on Thursday, February 5th. Wedbush lowered their target price on shares of Pegasystems from $75.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, February 12th. Rosenblatt Securities restated a “buy” rating and set a $62.00 target price on shares of Pegasystems in a report on Thursday, February 12th. Finally, Wall Street Zen downgraded shares of Pegasystems from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 14th.

Pegasystems Trading Down 0.8%

Shares of PEGA opened at $41.23 on Friday. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 19.31 and a beta of 1.09. Pegasystems has a 1-year low of $32.94 and a 1-year high of $68.10. The company’s fifty day simple moving average is $42.82 and its 200 day simple moving average is $52.01.

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

Pegasystems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, April 1st. Pegasystems’s payout ratio is 5.63%.

Insider Activity at Pegasystems

In other Pegasystems news, CAO Efstathios A. Kouninis sold 1,000 shares of Pegasystems stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $42.88, for a total transaction of $42,880.00. Following the completion of the transaction, the chief accounting officer directly owned 3,365 shares of the company’s stock, valued at $144,291.20. The trade was a 22.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kenneth Stillwell sold 44,000 shares of Pegasystems stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $44.81, for a total transaction of $1,971,640.00. Following the transaction, the chief financial officer directly owned 109,123 shares of the company’s stock, valued at approximately $4,889,801.63. This trade represents a 28.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 97,594 shares of company stock valued at $4,549,924. 50.10% of the stock is owned by company insiders.

Institutional Trading of Pegasystems

Several hedge funds have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its position in shares of 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 period. Thrivent Financial for Lutherans boosted its position in shares of Pegasystems by 1.3% in the third quarter. Thrivent Financial for Lutherans now owns 1,927,576 shares of the technology company’s stock valued at $110,778,000 after acquiring an additional 25,598 shares during the period. Vest Financial LLC bought a new stake in shares of Pegasystems in the third quarter valued at about $1,515,000. Intrinsic Edge Capital Management LLC bought a new stake in shares of Pegasystems in the third quarter valued at about $10,940,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Pegasystems by 40.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 218,917 shares of the technology company’s stock valued at $12,489,000 after acquiring an additional 63,267 shares during the period. 46.89% of the stock is owned by institutional investors and hedge funds.

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.