Vanguard Group Inc. Buys 221,791 Shares of Pegasystems Inc. $PEGA

Vanguard Group Inc. lifted its stake in Pegasystems Inc. (NASDAQ:PEGA) by 2.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,272,359 shares of the technology company’s stock after buying an additional 221,791 shares during the period. Vanguard Group Inc. owned about 0.07% of Pegasystems worth $648,161,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hazlett Burt & Watson Inc. acquired a new stake in Pegasystems in the 3rd quarter valued at $28,000. Spire Wealth Management lifted its holdings in shares of 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 acquiring an additional 414 shares during the period. Hantz Financial Services Inc. boosted 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 purchasing an additional 431 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Pegasystems in the 3rd quarter valued at $33,000. Finally, Blue Trust Inc. grew its holdings 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 purchasing an additional 614 shares during the last quarter. Institutional investors own 46.89% of the company’s stock.

Insider Activity at Pegasystems

In related news, CFO Kenneth Stillwell sold 14,405 shares of Pegasystems stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $57.87, for a total transaction of $833,617.35. Following the transaction, the chief financial officer owned 131,621 shares of the company’s stock, valued at $7,616,907.27. This trade represents a 9.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Rifat Kerim Akgonul sold 4,000 shares of the company’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 of the company’s stock, valued at $6,792,140.55. The trade was a 3.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 108,405 shares of company stock worth $5,896,127 in the last ninety days. Company insiders own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

PEGA has been the subject of several analyst reports. KeyCorp set a $60.00 price target on shares of Pegasystems in a report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Pegasystems in a report on Monday, December 29th. Citizens Jmp lowered their target price on Pegasystems from $78.00 to $58.00 and set a “market outperform” rating for the company in a research note on Thursday, February 12th. JPMorgan Chase & Co. increased their price objective on shares of Pegasystems from $65.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, December 5th. Finally, Wedbush dropped 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 investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.40.

Pegasystems Stock Performance

PEGA opened at $41.98 on Tuesday. Pegasystems Inc. has a 52 week low of $29.84 and a 52 week high of $68.10. The firm has a market capitalization of $7.10 billion, a PE ratio of 19.66 and a beta of 1.07. The company has a fifty day moving average price of $51.69 and a two-hundred day moving average price of $55.09.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.76 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $494.60 million. During the same period in the previous year, the firm earned $0.80 earnings per share. The firm’s quarterly 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. Equities analysts forecast that Pegasystems Inc. will post 1.89 EPS for the current year.

Pegasystems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were paid a $0.03 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. Pegasystems’s dividend payout ratio is 5.63%.

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.