15,003 Shares in Pegasystems Inc. $PEGA Acquired by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC purchased a new stake in Pegasystems Inc. (NASDAQ:PEGA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,003 shares of the technology company’s stock, valued at approximately $863,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hazlett Burt & Watson Inc. acquired a new stake in shares of Pegasystems during the third quarter worth $28,000. Spire Wealth Management lifted its stake in 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 buying an additional 414 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Pegasystems by 321.6% in the third quarter. Hantz Financial Services Inc. now owns 565 shares of the technology company’s stock worth $32,000 after buying an additional 431 shares during the period. Mather Group LLC. purchased a new position in shares of Pegasystems in the third quarter worth approximately $33,000. Finally, MAI Capital Management boosted its stake in Pegasystems by 124.5% in the 2nd 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. Institutional investors and hedge funds own 46.89% of the company’s stock.

Analyst Ratings Changes

PEGA has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Pegasystems from $65.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, December 5th. KeyCorp set a $60.00 price target on shares of Pegasystems in a research report on Thursday, February 5th. Wedbush lowered their price objective 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Pegasystems in a research note on Monday, December 29th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $62.00 target price on shares of Pegasystems in a research note on Thursday, February 12th. One research 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.40.

Insiders Place Their Bets

In other news, CFO Kenneth Stillwell sold 14,405 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $57.87, for a total value of $833,617.35. Following the sale, the chief financial officer directly owned 131,621 shares of the company’s stock, valued at approximately $7,616,907.27. This trade represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Alan Trefler sold 45,000 shares of the business’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $49.02, for a total value of $2,205,900.00. Following the transaction, the chairman directly owned 44,394,454 shares of the company’s stock, valued at $2,176,216,135.08. This represents a 0.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 108,405 shares of company stock valued at $5,896,127 in the last quarter. Insiders own 49.70% of the company’s stock.

Pegasystems Trading Down 3.5%

PEGA stock opened at $43.73 on Friday. The firm has a market cap of $7.39 billion, a PE ratio of 20.48 and a beta of 1.07. Pegasystems Inc. has a 1 year low of $29.84 and a 1 year high of $68.10. The company has a fifty day simple moving average of $50.48 and a 200 day simple moving average of $54.87.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.76 earnings per share for the quarter, beating 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 the consensus estimate of $494.60 million. During the same period last year, the business earned $0.80 EPS. The firm’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. As a group, analysts forecast that Pegasystems Inc. will post 1.89 EPS for the current fiscal year.

Pegasystems Announces Dividend

The company 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 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, January 2nd. Pegasystems’s dividend payout ratio (DPR) is 5.63%.

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.