Wealth Enhancement Advisory Services LLC Grows Stake in Pegasystems Inc. $PEGA

Wealth Enhancement Advisory Services LLC increased its position in shares of Pegasystems Inc. (NASDAQ:PEGA) by 160.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 498,713 shares of the technology company’s stock after acquiring an additional 307,284 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Pegasystems were worth $29,963,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. acquired a new stake in Pegasystems in the third quarter valued at $28,000. Hantz Financial Services Inc. raised its stake in shares of Pegasystems by 321.6% during the 3rd 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 last quarter. Mather Group LLC. purchased a new stake in shares of Pegasystems in the 3rd quarter worth about $33,000. Blue Trust Inc. boosted its position in shares of Pegasystems by 902.9% in the 3rd quarter. Blue Trust Inc. now owns 682 shares of the technology company’s stock worth $39,000 after buying an additional 614 shares in the last quarter. Finally, MAI Capital Management grew its stake in Pegasystems by 124.5% in the 2nd quarter. MAI Capital Management now owns 696 shares of the technology company’s stock valued at $38,000 after acquiring an additional 386 shares during the last quarter. 46.89% of the stock is currently owned by hedge funds and other institutional investors.

Pegasystems Stock Down 5.4%

Shares of Pegasystems stock opened at $41.95 on Wednesday. The firm has a market cap of $7.09 billion, a PE ratio of 19.65 and a beta of 1.06. Pegasystems Inc. has a fifty-two week low of $29.84 and a fifty-two week high of $68.10. The business’s fifty day moving average is $45.03 and its two-hundred day moving average is $53.82.

Pegasystems (NASDAQ:PEGA) last released its earnings results 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. Pegasystems had a return on equity of 38.86% and a net margin of 22.54%.The firm had revenue of $504.32 million for the quarter, compared to the consensus estimate of $494.60 million. During the same period in the prior year, the business posted $0.80 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. Equities research analysts anticipate that Pegasystems Inc. will post 1.89 EPS for the current year.

Pegasystems Announces Dividend

The business also recently disclosed 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. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Wednesday, April 1st. Pegasystems’s dividend payout ratio is presently 5.63%.

Analyst Upgrades and Downgrades

PEGA has been the subject of a number of research reports. Royal Bank Of Canada set a $65.00 target price on shares of Pegasystems and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Citigroup upped their target price on Pegasystems from $73.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Rosenblatt Securities reissued a “buy” rating and set a $62.00 price target on shares of Pegasystems in a research report on Thursday, February 12th. JPMorgan Chase & Co. boosted their price target on Pegasystems from $65.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, December 5th. Finally, Wall Street Zen downgraded Pegasystems from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Pegasystems presently has an average rating of “Moderate Buy” and a consensus target price of $67.60.

Insider Activity at Pegasystems

In other Pegasystems news, CFO Kenneth Stillwell sold 44,000 shares of the stock in a transaction that occurred on 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Alan Trefler sold 45,000 shares of the stock in a transaction that occurred on 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 transaction, the chairman directly owned 44,394,454 shares in the company, valued at approximately $2,176,216,135.08. This represents a 0.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 97,594 shares of company stock valued at $4,549,924 over the last three months. Insiders own 50.10% of the company’s stock.

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.