WINTON GROUP Ltd bought a new stake in shares of Pegasystems Inc. (NASDAQ:PEGA – Free Report) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 15,450 shares of the technology company’s stock, valued at approximately $923,000.
A number of other hedge funds have also modified their holdings of the company. NewEdge Advisors LLC raised its position in shares of Pegasystems by 1.4% in the 3rd quarter. NewEdge Advisors LLC now owns 13,652 shares of the technology company’s stock valued at $785,000 after acquiring an additional 189 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Pegasystems by 5.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,798 shares of the technology company’s stock valued at $276,000 after acquiring an additional 228 shares during the period. PNC Financial Services Group Inc. raised 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 acquiring an additional 272 shares during the period. Fifth Third Bancorp increased its stake in Pegasystems by 96.5% during the 4th quarter. Fifth Third Bancorp now owns 617 shares of the technology company’s stock worth $37,000 after purchasing an additional 303 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Pegasystems by 60.7% during the 4th quarter. Blue Trust Inc. now owns 1,096 shares of the technology company’s stock worth $65,000 after purchasing an additional 414 shares in the last quarter. 46.89% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Pegasystems
In other news, insider Rifat Kerim Akgonul sold 7,594 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $43.39, for a total transaction of $329,503.66. Following the sale, the insider directly owned 111,429 shares in the company, valued at approximately $4,834,904.31. The trade was a 6.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Efstathios A. 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 $144,291.20. The trade was a 22.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 14,639 shares of company stock worth $577,764. Company insiders own 48.40% of the company’s stock.
Pegasystems Stock Performance
Pegasystems (NASDAQ:PEGA – Get Free Report) last posted its earnings results on Tuesday, April 21st. The technology company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.22). The firm had revenue of $429.97 million for the quarter, compared to analyst estimates of $473.24 million. Pegasystems had a return on equity of 30.05% and a net margin of 20.04%.The firm’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 EPS. On average, equities research analysts predict that Pegasystems Inc. will post 1.95 earnings per share for the current fiscal year.
Pegasystems Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, April 1st. Pegasystems’s payout ratio is currently 6.45%.
Pegasystems News Summary
Here are the key news stories impacting Pegasystems this week:
- Positive Sentiment: Pegasystems launched multiple AI-focused offerings at PegaWorld, including Pega Customer Engagement Studio, expanded agent orchestration tools, and a new pricing model designed to reduce AI build/run costs, which could support future adoption and revenue growth.
- Positive Sentiment: The company announced AI-driven modernization capabilities on AWS and new enterprise workflow capabilities, reinforcing its positioning in mission-critical automation and hybrid cloud transformation.
- Positive Sentiment: Pega’s partner and industry award announcements suggest its ecosystem remains active and its platform is being recognized for AI-powered transformation work across sectors.
- Neutral Sentiment: Short-interest data showed no meaningful change, with reported short interest at zero shares and no clear signal that bearish positioning is driving the move.
- Neutral Sentiment: Investor commentary around whether Pegasystems’ new agentic AI suite can deepen its moat is still speculative and does not yet confirm a near-term financial impact.
- Negative Sentiment: Despite the product announcements, Pegasystems was recently trading well below its 50-day and 200-day moving averages, indicating the market remains cautious about the company’s growth trajectory and valuation.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on PEGA. Wedbush reissued an “outperform” rating and set a $60.00 target price on shares of Pegasystems in a research note on Thursday, April 23rd. DA Davidson set a $55.00 price target on shares of Pegasystems and gave the stock a “buy” rating in a research note on Friday, April 17th. Citizens Jmp dropped their target price on Pegasystems from $78.00 to $58.00 and set a “market outperform” rating for the company in a report on Thursday, February 12th. Zacks Research downgraded Pegasystems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Finally, Citigroup reissued a “market outperform” rating on shares of Pegasystems in a report on Wednesday. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.70.
View Our Latest Research Report on PEGA
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.
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