Sierra Summit Advisors LLC Makes New Investment in Pegasystems Inc. $PEGA

Sierra Summit Advisors LLC acquired a new stake in shares of Pegasystems Inc. (NASDAQ:PEGA) in the third quarter, Holdings Channel.com reports. The firm acquired 15,003 shares of the technology company’s stock, valued at approximately $863,000.

A number of other institutional investors have also added to or reduced their stakes in PEGA. Hazlett Burt & Watson Inc. bought a new position in Pegasystems during the third quarter valued at about $28,000. Spire Wealth Management increased its position 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 purchasing an additional 414 shares during the period. Hantz Financial Services Inc. increased its position 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 purchasing an additional 431 shares during the period. Mather Group LLC. acquired a new position in shares of Pegasystems in the third quarter valued at $33,000. Finally, MAI Capital Management lifted its position in Pegasystems by 124.5% in the second quarter. MAI Capital Management now owns 696 shares of the technology company’s stock worth $38,000 after purchasing an additional 386 shares during the period. 46.89% of the stock is owned by institutional investors and hedge funds.

Pegasystems Trading Down 3.5%

NASDAQ PEGA opened at $43.73 on Friday. Pegasystems Inc. has a 1-year low of $29.84 and a 1-year high of $68.10. The company has a 50 day moving average of $50.48 and a 200-day moving average of $54.87. The firm has a market cap of $7.39 billion, a price-to-earnings ratio of 20.48 and a beta of 1.07.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.76 EPS for the quarter, topping 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 business had revenue of $504.32 million for the quarter, compared to analyst estimates of $494.60 million. During the same period in the prior year, the company earned $0.80 EPS. 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. On average, analysts forecast 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 paid a $0.03 dividend. The ex-dividend date was Friday, January 2nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. Pegasystems’s dividend payout ratio (DPR) is 5.63%.

Analyst Ratings Changes

Several equities research analysts have issued reports on PEGA shares. Wedbush lowered their price target on shares of Pegasystems from $75.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, February 12th. Zacks Research raised shares of Pegasystems from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. KeyCorp set a $60.00 price target on shares of Pegasystems in a research note on Thursday, February 5th. JPMorgan Chase & Co. upped their price objective on Pegasystems from $65.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, December 5th. Finally, Royal Bank Of Canada set a $65.00 target price on Pegasystems and gave the stock an “outperform” rating in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $67.40.

Insider Buying and Selling

In other Pegasystems news, insider Rifat Kerim Akgonul sold 4,000 shares of the business’s 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 of the company’s stock, valued at approximately $6,792,140.55. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kenneth Stillwell sold 14,405 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $57.87, for a total transaction of $833,617.35. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 108,405 shares of company stock worth $5,896,127 in the last 90 days. Corporate 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.