Analysts Set Pegasystems Inc. (NASDAQ:PEGA) Price Target at $67.60

Shares of Pegasystems Inc. (NASDAQ:PEGA) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $67.60.

Several brokerages recently issued reports on PEGA. Weiss Ratings restated a “hold (c+)” rating on shares of Pegasystems in a research report on Friday, March 27th. Royal Bank Of Canada set a $65.00 price objective on Pegasystems and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Zacks Research upgraded Pegasystems from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Wedbush cut their price objective on Pegasystems from $75.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, February 12th. Finally, Citizens Jmp cut their price objective on Pegasystems from $78.00 to $58.00 and set a “market outperform” rating for the company in a research report on Thursday, February 12th.

Insider Activity

In other Pegasystems news, Chairman Alan Trefler sold 45,000 shares of Pegasystems stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $49.02, for a total value of $2,205,900.00. Following the completion of the sale, the chairman directly owned 44,394,454 shares of the company’s stock, valued at approximately $2,176,216,135.08. The trade was a 0.10% 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 Rifat Kerim Akgonul sold 7,594 shares of Pegasystems stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $43.39, for a total transaction of $329,503.66. Following the completion of the sale, the insider directly owned 111,429 shares of the company’s stock, valued at $4,834,904.31. The trade was a 6.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 97,594 shares of company stock valued at $4,549,924 over the last quarter. Insiders own 50.10% of the company’s stock.

Institutional Trading of Pegasystems

Hedge funds and other institutional investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its stake in shares of Pegasystems by 23.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,987,291 shares of the technology company’s stock valued at $286,769,000 after buying an additional 937,216 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Pegasystems by 1.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,927,576 shares of the technology company’s stock valued at $110,778,000 after buying an additional 25,598 shares during the period. Vest Financial LLC purchased a new stake in shares of Pegasystems during the 3rd quarter valued at $1,515,000. Intrinsic Edge Capital Management LLC purchased a new stake in shares of Pegasystems during the 3rd quarter valued at $10,940,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Pegasystems by 40.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 218,917 shares of the technology company’s stock valued at $12,489,000 after buying an additional 63,267 shares during the period. 46.89% of the stock is owned by hedge funds and other institutional investors.

Pegasystems Stock Performance

PEGA stock opened at $39.37 on Friday. Pegasystems has a 12-month low of $32.94 and a 12-month high of $68.10. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 18.44 and a beta of 1.09. The firm has a 50 day moving average of $42.83 and a 200-day moving average of $52.25.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $494.60 million. During the same period in the previous year, the firm posted $0.80 EPS. The company’s quarterly 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. Sell-side analysts forecast that Pegasystems will post 1.89 earnings per share for the current fiscal year.

Pegasystems Dividend Announcement

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

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.