Recent Research Analysts’ Ratings Changes for Pegasystems (PEGA)

A number of firms have modified their ratings and price targets on shares of Pegasystems (NASDAQ: PEGA) recently:

• 4/26/2024 – Pegasystems had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $90.00 price target on the stock.
• 4/26/2024 – Pegasystems had its price target raised by analysts at Barclays PLC from $66.00 to $69.00. They now have an “equal weight” rating on the stock.
• 4/23/2024 – Pegasystems had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $75.00 price target on the stock.
• 4/15/2024 – Pegasystems had its price target lowered by analysts at Barclays PLC from $68.00 to $66.00. They now have an “equal weight” rating on the stock.
• 4/10/2024 – Pegasystems had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $90.00 price target on the stock.
• 3/22/2024 – Pegasystems had its price target raised by analysts at Citigroup Inc. from $86.00 to $87.00. They now have a “buy” rating on the stock.
• 3/4/2024 – Pegasystems had its “neutral” rating reaffirmed by analysts at DA Davidson. They now have a $60.00 price target on the stock.

Pegasystems Stock Performance

Shares of NASDAQ PEGA opened at $61.80 on Monday. The company has a market cap of $5.25 billion, a P/E ratio of 75.37 and a beta of 1.06. The firm’s fifty day moving average is $62.83 and its two-hundred day moving average is $53.27. Pegasystems Inc. has a 52-week low of $37.66 and a 52-week high of $69.26.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.64. Pegasystems had a net margin of 5.32% and a return on equity of 45.00%. The business had revenue of $474.23 million during the quarter, compared to analysts’ expectations of $428.76 million. As a group, analysts forecast that Pegasystems Inc. will post 1.49 EPS for the current fiscal year.

Pegasystems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were issued a dividend of $0.03 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.12 dividend on an annualized basis and a yield of 0.19%. Pegasystems’s payout ratio is 14.63%.

Insider Activity at Pegasystems

In related news, CAO Efstathios A. Kouninis sold 395 shares of Pegasystems stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $64.75, for a total transaction of $25,576.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Efstathios A. Kouninis sold 395 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $64.75, for a total value of $25,576.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Leon Trefler sold 1,504 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $63.80, for a total transaction of $95,955.20. Following the completion of the sale, the insider now owns 35,533 shares of the company’s stock, valued at approximately $2,267,005.40. The disclosure for this sale can be found here. Insiders sold 43,792 shares of company stock worth $2,781,669 in the last 90 days. 50.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Bares Capital Management Inc. grew its position in Pegasystems by 1.6% during the 4th quarter. Bares Capital Management Inc. now owns 5,862,346 shares of the technology company’s stock worth $286,434,000 after purchasing an additional 90,993 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Pegasystems by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 5,118,964 shares of the technology company’s stock valued at $250,113,000 after acquiring an additional 114,848 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Pegasystems by 3.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 946,109 shares of the technology company’s stock valued at $46,227,000 after acquiring an additional 31,925 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Pegasystems by 4.9% in the 3rd quarter. Federated Hermes Inc. now owns 808,001 shares of the technology company’s stock valued at $35,075,000 after acquiring an additional 37,880 shares during the last quarter. Finally, Ranger Investment Management L.P. lifted its stake in shares of Pegasystems by 29.9% in the 4th quarter. Ranger Investment Management L.P. now owns 625,471 shares of the technology company’s stock valued at $30,561,000 after purchasing an additional 143,986 shares during the period. Institutional investors own 46.89% of the company’s stock.

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients' processes and workflows.