Pegasystems Inc. $PEGA Shares Sold by Penn Capital Management Company LLC

Penn Capital Management Company LLC decreased its holdings in shares of Pegasystems Inc. (NASDAQ:PEGA) by 90.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,131 shares of the technology company’s stock after selling 201,446 shares during the quarter. Penn Capital Management Company LLC’s holdings in Pegasystems were worth $1,178,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Hazlett Burt & Watson Inc. acquired a new position in Pegasystems during the third quarter worth about $28,000. Hantz Financial Services Inc. raised its holdings in 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 during the last quarter. Mather Group LLC. purchased a new position in Pegasystems in the 3rd quarter worth approximately $33,000. MAI Capital Management lifted 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 in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Pegasystems by 902.9% during the 3rd quarter. Blue Trust Inc. now owns 682 shares of the technology company’s stock worth $39,000 after purchasing an additional 614 shares during the last quarter. 46.89% of the stock is currently owned by institutional investors and hedge funds.

Pegasystems Stock Performance

PEGA stock opened at $43.06 on Thursday. Pegasystems Inc. has a one year low of $29.84 and a one year high of $68.10. The firm has a market cap of $7.28 billion, a PE ratio of 20.17 and a beta of 1.06. The firm’s 50 day moving average price is $46.24 and its 200-day moving average price is $54.13.

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, topping the consensus estimate of $0.74 by $0.02. The company had revenue of $504.32 million during the quarter, compared to analyst estimates of $494.60 million. Pegasystems had a return on equity of 38.86% and a net margin of 22.54%.The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.80 earnings per share. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. Equities research analysts predict that Pegasystems Inc. will post 1.89 EPS for the current fiscal year.

Pegasystems Announces Dividend

The firm also recently declared 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 dividend payout ratio is currently 5.63%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wall Street Zen cut Pegasystems from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Pegasystems in a research note on Monday, December 29th. Zacks Research upgraded Pegasystems from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Citigroup raised their target price on Pegasystems from $73.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $62.00 price target on shares of Pegasystems in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $67.60.

Insider Buying and Selling

In other Pegasystems news, CFO Kenneth Stillwell sold 44,000 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $44.81, for a total transaction of $1,971,640.00. Following the completion of the transaction, the chief financial officer owned 109,123 shares of the company’s stock, valued at $4,889,801.63. This trade represents a 28.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Alan Trefler sold 45,000 shares of Pegasystems stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $49.02, for a total transaction of $2,205,900.00. Following the sale, the chairman owned 44,394,454 shares of the company’s stock, valued at approximately $2,176,216,135.08. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 96,594 shares of company stock valued at $4,507,044. 49.70% of the stock is currently owned by insiders.

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.