Pegasystems (NASDAQ:PEGA) CAO Efstathios Kouninis Sells 1,000 Shares

Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios Kouninis sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $42.88, for a total transaction of $42,880.00. Following the completion of the sale, the chief accounting officer owned 3,365 shares of the company’s stock, valued at approximately $144,291.20. The trade was a 22.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Pegasystems Stock Down 2.5%

NASDAQ:PEGA opened at $42.06 on Friday. The company has a market cap of $7.11 billion, a P/E ratio of 19.70 and a beta of 1.06. The firm’s 50 day moving average is $45.91 and its two-hundred day moving average is $54.05. Pegasystems Inc. has a fifty-two week low of $29.84 and a fifty-two week high of $68.10.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings data 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. Pegasystems had a net margin of 22.54% and a return on equity of 38.86%. The company had revenue of $504.32 million during the quarter, compared to analysts’ expectations of $494.60 million. During the same period in the previous year, the company earned $0.80 EPS. The business’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. Research analysts forecast that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Pegasystems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be issued a dividend of $0.03 per share. The ex-dividend date is Wednesday, April 1st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. Pegasystems’s payout ratio is presently 5.63%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Citigroup boosted their price objective on shares of Pegasystems from $73.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. JPMorgan Chase & Co. raised their target price on shares of Pegasystems from $65.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, December 5th. Wall Street Zen cut shares of Pegasystems from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 14th. Wedbush lowered their price target on Pegasystems from $75.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $62.00 price objective on shares of Pegasystems 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.60.

Institutional Investors Weigh In On Pegasystems

Large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in Pegasystems by 141,900.0% in the 1st quarter. NewEdge Advisors LLC now owns 4,260 shares of the technology company’s stock worth $296,000 after buying an additional 4,257 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Pegasystems by 450.4% during the first quarter. Jones Financial Companies Lllp now owns 1,844 shares of the technology company’s stock valued at $128,000 after acquiring an additional 1,509 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Pegasystems by 5.6% during the first 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 lifted its stake in shares of Pegasystems by 18.0% in the first 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 lifted its stake 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 worth $381,000 after acquiring an additional 1,943 shares in the last quarter. 46.89% of the stock is owned by institutional investors and hedge funds.

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.