Insider Selling: Pegasystems (NASDAQ:PEGA) CAO Sells $42,880.00 in Stock

Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios Kouninis sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $42.88, for a total value of $42,880.00. Following the completion of the sale, the chief accounting officer owned 3,365 shares of the company’s stock, valued at approximately $144,291.20. This trade represents a 22.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Pegasystems Price Performance

Pegasystems stock opened at $43.42 on Friday. The firm has a market cap of $7.34 billion, a PE ratio of 20.34 and a beta of 1.06. The stock’s fifty day moving average price is $45.62 and its two-hundred day moving average price is $53.98. Pegasystems Inc. has a one year low of $29.84 and a one year high of $68.10.

Pegasystems (NASDAQ:PEGA) last issued its quarterly 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 company had revenue of $504.32 million during the quarter, compared to the consensus estimate of $494.60 million. During the same quarter in the prior year, the firm posted $0.80 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. Sell-side analysts expect that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Pegasystems Dividend Announcement

The firm also recently disclosed 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 dividend yield of 0.3%. The ex-dividend date is Wednesday, April 1st. Pegasystems’s dividend payout ratio is currently 5.63%.

Analysts Set New Price Targets

A number of research firms have issued reports on PEGA. Citigroup lifted their target price on Pegasystems from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Pegasystems in a research report on Monday, December 29th. Wedbush dropped their price objective 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. Zacks Research raised shares of Pegasystems from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Finally, Royal Bank Of Canada set a $65.00 price target on shares of Pegasystems and gave the stock an “outperform” rating in a report 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 given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $67.60.

Institutional Investors Weigh In On Pegasystems

A number of institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its stake in shares of Pegasystems by 141,900.0% during the first quarter. NewEdge Advisors LLC now owns 4,260 shares of the technology company’s stock valued at $296,000 after acquiring an additional 4,257 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Pegasystems by 450.4% in the first quarter. Jones Financial Companies Lllp now owns 1,844 shares of the technology company’s stock worth $128,000 after purchasing an additional 1,509 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Pegasystems by 5.6% in the first quarter. Goldman Sachs Group Inc. now owns 248,168 shares of the technology company’s stock worth $17,253,000 after purchasing an additional 13,075 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Pegasystems by 18.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 155,783 shares of the technology company’s stock valued at $10,830,000 after purchasing an additional 23,713 shares during the period. Finally, Focus Partners Wealth increased its holdings in Pegasystems by 55.0% in the first 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 during the period. 46.89% of the stock is owned by institutional investors.

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.