Rifat Kerim Akgonul Sells 7,594 Shares of Pegasystems (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) insider Rifat Kerim Akgonul sold 7,594 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $43.39, for a total value of $329,503.66. Following the transaction, the insider directly owned 111,429 shares in the company, valued at approximately $4,834,904.31. This represents a 6.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Pegasystems Stock Performance

Pegasystems stock traded down $0.37 during mid-day trading on Tuesday, reaching $42.48. 1,889,532 shares of the company were exchanged, compared to its average volume of 2,365,618. Pegasystems Inc. has a 12-month low of $29.84 and a 12-month high of $68.10. The business has a fifty day moving average of $46.95 and a 200 day moving average of $54.29. The firm has a market cap of $7.18 billion, a P/E ratio of 19.90 and a beta of 1.06.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results 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 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 analysts’ expectations of $494.60 million. During the same period last year, the business earned $0.80 EPS. The company’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. Sell-side analysts predict that Pegasystems Inc. will post 1.89 EPS for the current year.

Pegasystems Dividend Announcement

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

Wall Street Analyst Weigh In

PEGA has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Pegasystems in a report on Monday, December 29th. Royal Bank Of Canada set a $65.00 price objective on shares of Pegasystems and gave the company an “outperform” rating in a report on Thursday, February 12th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Pegasystems in a report on Thursday, February 12th. Wall Street Zen cut shares of Pegasystems from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Wedbush decreased their price target on shares of Pegasystems from $75.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, February 12th. One investment 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 MarketBeat, Pegasystems currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.60.

Institutional Trading of Pegasystems

Institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC raised its position in Pegasystems by 141,900.0% in 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 period. Jones Financial Companies Lllp increased its stake in Pegasystems by 450.4% during the 1st quarter. Jones Financial Companies Lllp now owns 1,844 shares of the technology company’s stock worth $128,000 after buying an additional 1,509 shares during the period. 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake 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 worth $10,830,000 after purchasing an additional 23,713 shares in the last quarter. Finally, Focus Partners Wealth raised its position in Pegasystems by 55.0% in the 1st 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 in the last quarter. 46.89% of the stock is currently owned by hedge funds and other institutional investors.

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.