Dianne Ledingham Sells 1,000 Shares of Pegasystems (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) Director Dianne Ledingham sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $38.00, for a total transaction of $38,000.00. Following the transaction, the director directly owned 39,280 shares of the company’s stock, valued at $1,492,640. The trade was a 2.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pegasystems Stock Performance

Pegasystems stock opened at $35.05 on Friday. The company has a market capitalization of $5.76 billion, a PE ratio of 19.80 and a beta of 0.89. Pegasystems Inc. has a fifty-two week low of $25.10 and a fifty-two week high of $68.10. The firm has a 50 day moving average price of $33.25 and a 200 day moving average price of $35.85.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Tuesday, July 21st. The technology company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). Pegasystems had a return on equity of 32.21% and a net margin of 18.66%.The firm had revenue of $420.72 million for the quarter, compared to analyst estimates of $427.38 million. During the same quarter last year, the company earned $0.28 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities research analysts forecast that Pegasystems Inc. will post 1.66 earnings per share for the current year.

Pegasystems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be issued 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 is Thursday, October 1st. Pegasystems’s dividend payout ratio (DPR) is 6.78%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PEGA. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $47.00 price objective (down from $54.00) on shares of Pegasystems in a research note on Thursday. Loop Capital cut shares of Pegasystems from a “buy” rating to a “hold” rating and decreased their price target for the company from $55.00 to $25.00 in a research report on Thursday, July 23rd. Citigroup downgraded shares of Pegasystems from a “market outperform” rating to a “market perform” rating in a research note on Wednesday, July 22nd. William Blair cut Pegasystems from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 22nd. Finally, Royal Bank Of Canada set a $35.00 target price on Pegasystems and gave the company an “outperform” rating in a report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $47.40.

Key Stories Impacting Pegasystems

Here are the key news stories impacting Pegasystems this week:

• Positive Sentiment: JPMorgan’s revised $47 price target remains above Pegasystems’ recent trading level, indicating potential upside despite the bank’s neutral rating. The company also continues to benefit from recurring software demand and institutional ownership, including new and expanded positions reported by BlackRock, Geode Capital and First Trust. Pegasystems Shares Fall After JPMorgan Downgrade
• Neutral Sentiment: Pegasystems declared a quarterly dividend of $0.03 per share, equivalent to $0.12 annually and a yield of approximately 0.3%. The modest payout is unlikely to be a major near-term stock catalyst. Pegasystems Dividend News
• Neutral Sentiment: An analysis of the stock’s roughly 46% annual decline highlights long-term opportunities in low-code development, workflow automation, customer engagement and AI, but also points to valuation and execution risks. The broader analyst consensus remains Hold, with an average price target near $47.40. Pegasystems Stock Outlook Analysis
• Negative Sentiment: JPMorgan reaffirmed its neutral rating but cut its price target from $54 to $47. The reduction signals less confidence in near-term appreciation and appears to be the clearest immediate source of selling pressure. Pegasystems Shares Fall After JPMorgan Downgrade
• Negative Sentiment: Insiders sold shares recently: Chief Accounting Officer Efstathios Kouninis sold 982 shares, director Dianne Ledingham sold 1,000 shares under a Rule 10b5-1 plan, and Rifat Kerim Akgonul sold 7,000 shares. The transactions may weigh on sentiment, although planned sales do not necessarily indicate deteriorating fundamentals. Pegasystems Insider Selling
• Negative Sentiment: In its latest reported quarter, Pegasystems missed consensus estimates for both EPS and revenue, despite revenue increasing 9.4% year over year. That performance continues to raise concerns about execution and the pace of growth.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PEGA. PNC Financial Services Group Inc. increased its position in shares of Pegasystems by 3.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,378 shares of the technology company’s stock valued at $500,000 after purchasing an additional 272 shares during the last quarter. State of Michigan Retirement System lifted its position in shares of Pegasystems by 1.4% during the 1st quarter. State of Michigan Retirement System now owns 22,000 shares of the technology company’s stock worth $936,000 after purchasing an additional 300 shares during the last quarter. Diversified Trust Co grew its stake in shares of Pegasystems by 3.2% during the first quarter. Diversified Trust Co now owns 11,364 shares of the technology company’s stock worth $484,000 after purchasing an additional 350 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Pegasystems by 2.2% during the first quarter. Oregon Public Employees Retirement Fund now owns 18,700 shares of the technology company’s stock worth $796,000 after purchasing an additional 400 shares in the last quarter. Finally, State of Wyoming increased its holdings in Pegasystems by 3.4% in the first quarter. State of Wyoming now owns 12,709 shares of the technology company’s stock valued at $541,000 after buying an additional 423 shares during the last quarter. Institutional investors and hedge funds own 46.89% of the company’s stock.

Pegasystems Company Profile

Pegasystems Inc develops enterprise software for customer engagement, workflow automation and business process management. Its solutions help organizations manage customer service, sales, marketing, operations and back-office processes across digital and traditional channels.

The company’s product portfolio includes Pega Platform, a low-code application development and automation platform; Pega Customer Service and Pega Sales; Pega Customer Decision Hub for real-time, personalized customer engagement; and tools for case management, robotic process automation and artificial intelligence.