Pegasystems (NASDAQ:PEGA) Price Target Raised to $75.00

Pegasystems (NASDAQ:PEGA) had its target price raised by Citigroup from $73.00 to $75.00 in a report published on Wednesday morning,Benzinga reports. Citigroup currently has a buy rating on the technology company’s stock.

PEGA has been the topic of a number of other research reports. Wedbush dropped their target price on shares of Pegasystems from $75.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, February 12th. JPMorgan Chase & Co. raised their price target on shares of Pegasystems from $65.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, December 5th. Wall Street Zen lowered shares of Pegasystems from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 14th. Zacks Research raised shares of Pegasystems from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Finally, KeyCorp set a $60.00 target price on Pegasystems in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $67.60.

Pegasystems Price Performance

NASDAQ PEGA opened at $42.45 on Wednesday. The stock has a market capitalization of $7.18 billion, a P/E ratio of 19.88 and a beta of 1.06. The business has a 50 day simple moving average of $47.26 and a 200 day simple moving average of $54.34. Pegasystems has a one year low of $29.84 and a one year high of $68.10.

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

Pegasystems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were paid 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 of this dividend was Friday, January 2nd. Pegasystems’s dividend payout ratio (DPR) is 5.63%.

Insider Activity

In related news, CFO Kenneth Stillwell sold 44,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $44.81, for a total value of $1,971,640.00. Following the transaction, the chief financial officer owned 109,123 shares of the company’s stock, valued at approximately $4,889,801.63. This trade represents a 28.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $2,205,900.00. Following the transaction, the chairman owned 44,394,454 shares of the company’s stock, valued at $2,176,216,135.08. This trade represents a 0.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 134,000 shares of company stock valued at $6,793,390. 49.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its position in shares of Pegasystems by 141,900.0% during the first quarter. NewEdge Advisors LLC now owns 4,260 shares of the technology company’s stock valued at $296,000 after buying an additional 4,257 shares during the last quarter. Jones Financial Companies Lllp raised its position in Pegasystems by 450.4% in the 1st quarter. Jones Financial Companies Lllp now owns 1,844 shares of the technology company’s stock valued at $128,000 after buying an additional 1,509 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Pegasystems by 5.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 248,168 shares of the technology company’s stock worth $17,253,000 after acquiring an additional 13,075 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Pegasystems by 18.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 155,783 shares of the technology company’s stock worth $10,830,000 after acquiring an additional 23,713 shares in the last quarter. Finally, Focus Partners Wealth raised its holdings in shares of Pegasystems by 55.0% in the first quarter. Focus Partners Wealth now owns 5,476 shares of the technology company’s stock valued at $381,000 after purchasing an additional 1,943 shares during the last quarter. Institutional investors own 46.89% 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.