Teachers Retirement System of The State of Kentucky Has $1.60 Million Stock Position in Pegasystems Inc. $PEGA

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of Pegasystems Inc. (NASDAQ:PEGA) by 55.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,800 shares of the technology company’s stock after selling 34,872 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Pegasystems were worth $1,599,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hazlett Burt & Watson Inc. acquired a new stake in shares of Pegasystems in the third quarter valued at about $28,000. Spire Wealth Management grew its position in shares of Pegasystems by 274.2% during the 2nd quarter. Spire Wealth Management now owns 565 shares of the technology company’s stock worth $31,000 after buying an additional 414 shares during the period. Hantz Financial Services Inc. increased its stake in shares of Pegasystems by 321.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 565 shares of the technology company’s stock valued at $32,000 after acquiring an additional 431 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Pegasystems during the 3rd quarter valued at $33,000. Finally, MAI Capital Management boosted its stake in Pegasystems by 124.5% during the second quarter. MAI Capital Management now owns 696 shares of the technology company’s stock worth $38,000 after acquiring an additional 386 shares in the last quarter. 46.89% of the stock is currently owned by institutional investors and hedge funds.

Pegasystems Stock Up 0.5%

Shares of PEGA opened at $47.30 on Friday. Pegasystems Inc. has a twelve month low of $29.84 and a twelve month high of $68.10. The stock has a market cap of $8.00 billion, a PE ratio of 22.15 and a beta of 1.06. The business’s 50-day moving average price is $49.16 and its 200-day moving average price is $54.67.

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

Pegasystems Dividend Announcement

The firm also recently announced 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 yield of 0.3%. The ex-dividend date was Friday, January 2nd. Pegasystems’s dividend payout ratio is currently 5.63%.

Insider Activity

In other news, 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 transaction of $2,205,900.00. Following the completion of the transaction, the chairman owned 44,394,454 shares of the company’s stock, valued at approximately $2,176,216,135.08. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rifat Kerim Akgonul sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $60.19, for a total transaction of $240,760.00. Following the completion of the sale, the insider directly owned 112,845 shares in the company, valued at $6,792,140.55. This represents a 3.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 94,000 shares of company stock worth $5,062,510. Insiders own 49.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on PEGA shares. Citigroup reaffirmed a “buy” rating and issued a $73.00 price target (down from $81.00) on shares of Pegasystems in a research note on Thursday, February 12th. Wall Street Zen lowered Pegasystems from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 14th. JPMorgan Chase & Co. raised their target price on Pegasystems from $65.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, December 5th. Royal Bank Of Canada set a $65.00 price objective on Pegasystems and gave the company an “outperform” rating in a research note on Thursday, February 12th. Finally, Wedbush reduced their target price on shares of Pegasystems from $75.00 to $60.00 and set an “outperform” rating for the company 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.