Intrinsic Edge Capital Management LLC Makes New Investment in Pegasystems Inc. $PEGA

Intrinsic Edge Capital Management LLC bought a new position in Pegasystems Inc. (NASDAQ:PEGA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 190,261 shares of the technology company’s stock, valued at approximately $10,940,000. Pegasystems comprises about 1.5% of Intrinsic Edge Capital Management LLC’s investment portfolio, making the stock its 15th largest position. Intrinsic Edge Capital Management LLC owned 0.11% of Pegasystems as of its most recent SEC filing.

Several other large investors have also modified their holdings of PEGA. Massachusetts Financial Services Co. MA boosted its holdings in shares of Pegasystems by 23.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,987,291 shares of the technology company’s stock valued at $286,769,000 after acquiring an additional 937,216 shares during the period. Thrivent Financial for Lutherans lifted its position in Pegasystems by 1.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,927,576 shares of the technology company’s stock valued at $110,778,000 after purchasing an additional 25,598 shares during the last quarter. Vest Financial LLC acquired a new position in Pegasystems during the 3rd quarter valued at about $1,515,000. Allspring Global Investments Holdings LLC grew its position in Pegasystems by 40.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 218,917 shares of the technology company’s stock worth $12,489,000 after purchasing an additional 63,267 shares during the last quarter. Finally, Retirement Systems of Alabama acquired a new stake in shares of Pegasystems in the second quarter valued at approximately $5,889,000. Institutional investors own 46.89% of the company’s stock.

Pegasystems Stock Performance

PEGA opened at $45.01 on Wednesday. The company has a market capitalization of $7.61 billion, a PE ratio of 21.08 and a beta of 1.06. The stock’s fifty day moving average is $49.77 and its 200-day moving average is $54.77. Pegasystems Inc. has a one year low of $29.84 and a one year high of $68.10.

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, 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 firm had revenue of $504.32 million for the quarter, compared to analyst estimates of $494.60 million. During the same period in the previous year, the company earned $0.80 earnings per share. Pegasystems’s 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, equities research analysts forecast that Pegasystems Inc. will post 1.89 EPS for the current fiscal year.

Pegasystems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were issued a $0.03 dividend. 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 presently 5.63%.

Insider Activity at Pegasystems

In related news, Chairman Alan Trefler sold 45,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chairman directly owned 44,394,454 shares in the company, valued at approximately $2,176,216,135.08. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kenneth Stillwell sold 14,405 shares of Pegasystems 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 completion of the transaction, the chief financial officer owned 131,621 shares in the company, valued at approximately $7,616,907.27. This trade represents a 9.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 108,405 shares of company stock valued at $5,896,127 over the last ninety days. Insiders own 50.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Citigroup reiterated a “buy” rating and set a $73.00 price objective (down from $81.00) on shares of Pegasystems in a research report on Thursday, February 12th. Citizens Jmp reduced their price target on Pegasystems from $78.00 to $58.00 and set a “market outperform” rating for the company in a research report on Thursday, February 12th. Wedbush decreased their price target on Pegasystems from $75.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. Zacks Research upgraded shares of Pegasystems from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Finally, Royal Bank Of Canada set a $65.00 target price on shares of Pegasystems and gave the company an “outperform” rating in a research 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 stock. According to data from MarketBeat.com, Pegasystems currently has a consensus rating of “Moderate Buy” and an average target price of $67.40.

Pegasystems 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.