Pegasystems (NASDAQ:PEGA) Upgraded at KeyCorp

KeyCorp upgraded shares of Pegasystems (NASDAQ:PEGA) to a strong-buy rating in a report issued on Monday,Zacks.com reports. KeyCorp also issued estimates for Pegasystems’ Q1 2025 earnings at $0.21 EPS, Q2 2025 earnings at $0.21 EPS and Q3 2025 earnings at $0.11 EPS.

A number of other research analysts have also weighed in on the company. Royal Bank of Canada raised their price objective on Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Wedbush lifted their price target on Pegasystems from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Citigroup increased their price objective on shares of Pegasystems from $99.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Rosenblatt Securities lifted their target price on shares of Pegasystems from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Barclays upped their target price on shares of Pegasystems from $74.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.91.

Pegasystems Trading Up 6.6 %

Shares of PEGA stock opened at $100.00 on Monday. The company’s fifty day moving average price is $93.01 and its 200-day moving average price is $77.12. The stock has a market cap of $8.58 billion, a PE ratio of 72.99 and a beta of 1.09. Pegasystems has a 12 month low of $45.36 and a 12 month high of $100.23.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. Pegasystems had a net margin of 8.29% and a return on equity of 37.83%. The business had revenue of $325.10 million for the quarter, compared to analyst estimates of $326.16 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Pegasystems’s quarterly revenue was down 2.8% on a year-over-year basis. On average, sell-side analysts forecast that Pegasystems will post 1.61 earnings per share for the current fiscal year.

Pegasystems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.03 per share. The ex-dividend date is Thursday, January 2nd. This represents a $0.12 dividend on an annualized basis and a yield of 0.12%. Pegasystems’s dividend payout ratio is presently 8.76%.

Insider Activity

In other Pegasystems news, CAO Efstathios A. Kouninis sold 299 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $96.90, for a total transaction of $28,973.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kenneth Stillwell sold 2,000 shares of Pegasystems stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $94.00, for a total transaction of $188,000.00. Following the transaction, the chief financial officer now owns 16,466 shares in the company, valued at $1,547,804. This represents a 10.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,914 shares of company stock valued at $2,414,935 in the last ninety days. 50.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Pegasystems

Hedge funds and other institutional investors have recently modified their holdings of the stock. Greenwood Capital Associates LLC purchased a new position in Pegasystems during the third quarter valued at $436,000. Crossmark Global Holdings Inc. raised its stake in shares of Pegasystems by 110.0% in the third quarter. Crossmark Global Holdings Inc. now owns 25,195 shares of the technology company’s stock worth $1,842,000 after buying an additional 13,200 shares during the period. Foundry Partners LLC purchased a new position in shares of Pegasystems during the 3rd quarter valued at about $9,567,000. Nordea Investment Management AB grew its stake in shares of Pegasystems by 9.9% during the 4th quarter. Nordea Investment Management AB now owns 88,554 shares of the technology company’s stock valued at $8,353,000 after acquiring an additional 7,947 shares during the period. Finally, Pacer Advisors Inc. bought a new position in shares of Pegasystems during the 2nd quarter valued at approximately $67,968,000. 46.89% of the stock is currently owned by hedge funds and other institutional investors.

About Pegasystems

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients’ processes and workflows.