Teachers Retirement System of The State of Kentucky Decreases Holdings in Pegasystems Inc. $PEGA

Teachers Retirement System of The State of Kentucky lowered its position in Pegasystems Inc. (NASDAQ:PEGA) by 55.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,800 shares of the technology company’s stock after selling 34,872 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Pegasystems were worth $1,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in PEGA. UMB Bank n.a. grew its holdings in shares of Pegasystems by 27.3% during the 3rd quarter. UMB Bank n.a. now owns 929 shares of the technology company’s stock valued at $53,000 after purchasing an additional 199 shares during the last quarter. Paralel Advisors LLC increased its holdings in shares of Pegasystems by 0.3% in the third quarter. Paralel Advisors LLC now owns 76,960 shares of the technology company’s stock worth $4,425,000 after buying an additional 224 shares during the period. Global Retirement Partners LLC lifted its stake in shares of Pegasystems by 20.5% in the 3rd quarter. Global Retirement Partners LLC now owns 1,331 shares of the technology company’s stock valued at $77,000 after acquiring an additional 226 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Pegasystems by 5.0% during 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. Finally, MAI Capital Management grew its position in Pegasystems by 124.5% during the 2nd quarter. MAI Capital Management now owns 696 shares of the technology company’s stock worth $38,000 after acquiring an additional 386 shares during the last quarter. 46.89% of the stock is currently owned by institutional investors.

Pegasystems Price Performance

Shares of NASDAQ PEGA opened at $47.30 on Friday. Pegasystems Inc. has a 1 year low of $29.84 and a 1 year high of $68.10. The company’s 50-day moving average is $49.16 and its 200 day moving average is $54.67. The stock has a market capitalization of $8.00 billion, a P/E ratio of 22.15 and a beta of 1.06.

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

Pegasystems Dividend Announcement

The firm also recently announced 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. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, January 2nd. Pegasystems’s payout ratio is 5.63%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PEGA. JPMorgan Chase & Co. boosted their price objective on Pegasystems from $65.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, December 5th. Wall Street Zen downgraded shares of Pegasystems from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 14th. Citizens Jmp cut their price target on shares of Pegasystems from $78.00 to $58.00 and set a “market outperform” rating on the stock in a report on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Pegasystems in a research note on Monday, December 29th. Finally, Citigroup reissued a “buy” rating and issued a $73.00 target price (down from $81.00) on shares of Pegasystems in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $67.40.

Insider Transactions at Pegasystems

In related news, insider Rifat Kerim Akgonul sold 4,000 shares of the stock in a transaction dated 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 transaction, the insider directly owned 112,845 shares in the company, valued at $6,792,140.55. This trade represents a 3.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Alan Trefler sold 45,000 shares of Pegasystems stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $49.02, for a total transaction of $2,205,900.00. Following the transaction, the chairman directly owned 44,394,454 shares of the company’s stock, valued at approximately $2,176,216,135.08. This trade represents a 0.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 94,000 shares of company stock worth $5,062,510 over the last ninety days. Insiders own 49.70% of the company’s stock.

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.