Key Points
- CAO Efstathios Kouninis sold 1,000 shares on March 17 at an average price of $42.88 for $42,880, cutting his ownership by 22.91% to 3,365 shares; the transaction was disclosed in an SEC filing.
- Pegasystems beat quarterly estimates with $0.76 EPS (vs. $0.74 expected) and $504.3M revenue (vs. $494.6M expected), and the company set FY2026 guidance at 2.75 EPS.
- The board announced a quarterly dividend of $0.03 (annualized $0.12, ~0.3% yield), while analysts hold a consensus "Moderate Buy" rating with an average price target of $67.60.
Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) CAO Efstathios Kouninis sold 1,000 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $42.88, for a total value of $42,880.00. Following the transaction, the chief accounting officer owned 3,365 shares of the company's stock, valued at approximately $144,291.20. This trade represents a 22.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Pegasystems Trading Down 2.5%
PEGA stock opened at $42.06 on Friday. The firm has a 50 day simple moving average of $45.91 and a 200-day simple moving average of $54.05. The company has a market capitalization of $7.11 billion, a P/E ratio of 19.70 and a beta of 1.06. Pegasystems Inc. has a twelve month low of $29.84 and a twelve month high of $68.10.
Pegasystems (NASDAQ:PEGA - Get Free Report) last posted 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. Pegasystems had a net margin of 22.54% and a return on equity of 38.86%. The firm had revenue of $504.32 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. On average, research analysts predict that Pegasystems Inc. will post 1.89 EPS for the current year.
Pegasystems Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be 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 is Wednesday, April 1st. Pegasystems's dividend payout ratio is 5.63%.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Citizens Jmp decreased their price target on Pegasystems from $78.00 to $58.00 and set a "market outperform" rating for the company in a research note on Thursday, February 12th. Royal Bank Of Canada set a $65.00 target price on Pegasystems and gave the stock an "outperform" rating in a report on Thursday, February 12th. 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. Zacks Research raised Pegasystems from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 13th. Finally, KeyCorp set a $60.00 price objective on Pegasystems in a research note on Thursday, February 5th. One investment 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $67.60.
Check Out Our Latest Research Report on Pegasystems
Hedge Funds Weigh In On Pegasystems
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC grew its holdings 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 purchasing an additional 4,257 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Pegasystems by 450.4% in the 1st quarter. Jones Financial Companies Lllp now owns 1,844 shares of the technology company's stock worth $128,000 after purchasing an additional 1,509 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Pegasystems by 5.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 248,168 shares of the technology company's stock worth $17,253,000 after purchasing an additional 13,075 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Pegasystems by 18.0% during 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 valued at $10,830,000 after purchasing an additional 23,713 shares during the period. Finally, Focus Partners Wealth grew its stake in Pegasystems by 55.0% during the 1st quarter. Focus Partners Wealth now owns 5,476 shares of the technology company's stock worth $381,000 after buying an additional 1,943 shares during the last quarter. 46.89% of the stock is currently owned by institutional investors and hedge funds.
Pegasystems Company Profile
(
Get Free Report)
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.
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