Pegasystems (NASDAQ:PEGA) Stock Rating Lowered by Citizens Jmp

Pegasystems (NASDAQ:PEGA) was downgraded by investment analysts at Citizens Jmp from an “outperform” rating to a “market perform” rating in a research report issued on Wednesday, Marketbeat reports.

PEGA has been the subject of a number of other reports. Royal Bank Of Canada restated an “outperform” rating on shares of Pegasystems in a report on Tuesday, June 9th. Citigroup lowered Pegasystems from a “market outperform” rating to a “market perform” rating in a research note on Wednesday. Zacks Research cut Pegasystems from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. DA Davidson restated a “buy” rating and set a $55.00 target price on shares of Pegasystems in a research note on Wednesday, June 10th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Pegasystems in a report on Thursday, April 23rd. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $52.40.

Pegasystems Trading Up 0.1%

Shares of Pegasystems stock opened at $26.01 on Wednesday. The firm has a fifty day simple moving average of $32.27 and a 200-day simple moving average of $39.79. Pegasystems has a 1-year low of $25.10 and a 1-year high of $68.10. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 14.69 and a beta of 0.87.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Tuesday, July 21st. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $427.38 million. During the same period in the prior year, the company posted $0.28 earnings per share. Pegasystems’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, research analysts predict that Pegasystems will post 1.93 earnings per share for the current year.

Insider Activity

In related news, CAO Efstathios A. Kouninis sold 750 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $34.75, for a total value of $26,062.50. Following the completion of the sale, the chief accounting officer owned 2,894 shares in the company, valued at approximately $100,566.50. This trade represents a 20.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rifat Kerim Akgonul sold 4,545 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $33.35, for a total value of $151,575.75. Following the transaction, the insider owned 107,070 shares in the company, valued at $3,570,784.50. This represents a 4.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 6,795 shares of company stock worth $229,613. Insiders own 48.40% of the company’s stock.

Institutional Trading of Pegasystems

Hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in shares of Pegasystems during the fourth quarter valued at approximately $28,000. EFG International AG bought a new position in Pegasystems in the fourth quarter worth $32,000. Fifth Third Bancorp lifted its position in Pegasystems by 96.5% in the fourth quarter. Fifth Third Bancorp now owns 617 shares of the technology company’s stock worth $37,000 after purchasing an additional 303 shares during the period. Bayforest Capital Ltd boosted its stake in Pegasystems by 316.6% during the fourth quarter. Bayforest Capital Ltd now owns 704 shares of the technology company’s stock worth $42,000 after buying an additional 535 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its holdings in Pegasystems by 386.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 710 shares of the technology company’s stock valued at $42,000 after buying an additional 564 shares during the period. Institutional investors own 46.89% of the company’s stock.

Key Stories Impacting Pegasystems

Here are the key news stories impacting Pegasystems this week:

• Positive Sentiment: Pegasystems highlighted cloud growth and recurring revenue strength, and management outlined a long-term free cash flow target of more than $700 million by 2028. Pegasystems outlines $700M+ 2028 free cash flow target while highlighting no per token costs for ai agents
• Positive Sentiment: Several analysts kept bullish ratings, saying the selloff may create an attractive entry point despite near-term AI disruption and reset expectations. Analyst Maintains Buy on Pegasystems, Viewing Near-Term Weakness as Temporary and Market Selloff as an Attractive Entry Point
• Positive Sentiment: Rosenblatt cut its price target but still reiterated a Buy rating, implying meaningful upside from current levels. Pegasystems PT Lowered to $47 at Rosenblatt
• Neutral Sentiment: Management said the new Pega Infinity 26 launch and AI agent messaging could support longer-term positioning, but investors are still waiting to see whether it translates into stronger demand. Pegasystems (PEGA) Stock Could Be Undervalued As Pega Infinity 26 Launches
• Negative Sentiment: The Q2 miss triggered a broad downgrade wave, with analysts trimming forecasts and price targets after the weaker-than-expected report. Pegasystems Analysts Cut Their Forecasts After Downbeat Q2 Earnings
• Negative Sentiment: The stock also came under pressure because customers appear to be delaying software purchases while reassessing spending in the AI era, which could weigh on near-term growth. Pegasystems Just Did an IBM, Only Its AI Warning May Be Even Worse

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.