Pegasystems Inc. (NASDAQ:PEGA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Pegasystems Inc. (NASDAQ:PEGA) have received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $67.40.

PEGA has been the topic of several research analyst reports. Barclays upped their target price on Pegasystems from $58.00 to $67.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Pegasystems in a research note on Monday, December 29th. Citigroup restated a “buy” rating and set a $73.00 price target (down from $81.00) on shares of Pegasystems in a report on Thursday, February 12th. KeyCorp set a $60.00 price objective on shares of Pegasystems in a research report on Thursday, February 5th. Finally, DA Davidson upgraded shares of Pegasystems from a “neutral” rating to a “buy” rating and boosted their target price for the company from $60.00 to $85.00 in a research report on Wednesday, October 22nd.

Insider Transactions at Pegasystems

In related news, CFO Kenneth Stillwell sold 14,405 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $57.87, for a total transaction of $833,617.35. Following the transaction, the chief financial officer directly owned 131,621 shares of the company’s stock, valued at approximately $7,616,907.27. This represents a 9.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rifat Kerim Akgonul sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $60.19, for a total value of $240,760.00. Following the completion of the sale, the insider directly owned 112,845 shares of the company’s stock, valued at $6,792,140.55. This trade represents a 3.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 108,405 shares of company stock valued at $5,896,127 in the last 90 days. 49.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Pegasystems

A number of large investors have recently modified their holdings of PEGA. Hazlett Burt & Watson Inc. acquired a new stake in Pegasystems in the 3rd quarter valued at $28,000. International Assets Investment Management LLC bought a new position in shares of Pegasystems in the fourth quarter valued at $28,000. Spire Wealth Management grew its holdings in shares of Pegasystems by 274.2% during the second quarter. Spire Wealth Management now owns 565 shares of the technology company’s stock valued at $31,000 after buying an additional 414 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Pegasystems by 321.6% during the third quarter. Hantz Financial Services Inc. now owns 565 shares of the technology company’s stock valued at $32,000 after buying an additional 431 shares during the last quarter. Finally, EFG International AG bought a new stake in shares of Pegasystems during the fourth quarter worth about $32,000. 46.89% of the stock is currently owned by institutional investors.

Pegasystems Stock Up 0.4%

PEGA opened at $44.68 on Thursday. Pegasystems has a twelve month low of $29.84 and a twelve month high of $68.10. The company has a fifty day moving average of $52.64 and a 200-day moving average of $55.37. The stock has a market cap of $7.55 billion, a PE ratio of 20.93 and a beta of 1.07.

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

Pegasystems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were issued a dividend of $0.03 per share. The ex-dividend date was Friday, January 2nd. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. Pegasystems’s dividend payout ratio is currently 5.63%.

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.