Pegasystems (NASDAQ:PEGA) Insider Sells 7,594 Shares

Pegasystems Inc. (NASDAQ:PEGA) insider Rifat Kerim Akgonul sold 7,594 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $43.39, for a total value of $329,503.66. Following the completion of the transaction, the insider directly owned 111,429 shares in the company, valued at $4,834,904.31. This trade represents a 6.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Pegasystems Stock Performance

Shares of NASDAQ:PEGA traded down $0.37 on Tuesday, hitting $42.48. 1,889,532 shares of the company’s stock were exchanged, compared to its average volume of 2,365,618. Pegasystems Inc. has a 1-year low of $29.84 and a 1-year high of $68.10. The company has a market capitalization of $7.18 billion, a PE ratio of 19.90 and a beta of 1.06. The firm’s 50-day moving average is $46.95 and its 200 day moving average is $54.29.

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

Pegasystems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. Pegasystems’s dividend payout ratio (DPR) is currently 5.63%.

Wall Street Analyst Weigh In

PEGA has been the topic of a number of research reports. Citigroup upped their price target on Pegasystems from $73.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Royal Bank Of Canada set a $65.00 target price on Pegasystems and gave the company an “outperform” rating in a report on Thursday, February 12th. Rosenblatt Securities reaffirmed a “buy” rating and set a $62.00 price target on shares of Pegasystems in a research note on Thursday, February 12th. Citizens Jmp decreased their price objective on shares of Pegasystems from $78.00 to $58.00 and set a “market outperform” rating on the stock in a research report on Thursday, February 12th. Finally, Wedbush dropped their target price on shares of Pegasystems from $75.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.60.

Institutional Trading of Pegasystems

Several hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in shares of Pegasystems by 236.2% during the second quarter. AQR Capital Management LLC now owns 4,037,552 shares of the technology company’s stock worth $217,584,000 after purchasing an additional 2,836,733 shares during the last quarter. State Street Corp boosted its position in shares of Pegasystems by 255.3% in the second quarter. State Street Corp now owns 2,907,677 shares of the technology company’s stock worth $157,393,000 after acquiring an additional 2,089,375 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Pegasystems by 86.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,050,075 shares of the technology company’s stock valued at $219,231,000 after purchasing an additional 1,875,896 shares during the period. Bares Capital Management Inc. increased its position in Pegasystems by 76.6% during the second quarter. Bares Capital Management Inc. now owns 3,542,716 shares of the technology company’s stock worth $191,767,000 after purchasing an additional 1,536,726 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Pegasystems by 357.6% during the third quarter. American Century Companies Inc. now owns 1,586,793 shares of the technology company’s stock worth $91,241,000 after purchasing an additional 1,239,998 shares during the period. 46.89% of the stock is owned by hedge funds and other institutional investors.

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.