Pegasystems Inc. $PEGA Position Cut by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its position in shares of Pegasystems Inc. (NASDAQ:PEGA) by 5.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 961,789 shares of the technology company’s stock after selling 51,733 shares during the quarter. Russell Investments Group Ltd. owned about 0.57% of Pegasystems worth $55,303,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Private Advisor Group LLC bought a new stake in Pegasystems in the 3rd quarter valued at about $786,000. Natixis Advisors LLC acquired a new position in Pegasystems during the 3rd quarter valued at about $1,105,000. First Trust Advisors LP grew its position in Pegasystems by 271.7% in the 3rd quarter. First Trust Advisors LP now owns 1,111,736 shares of the technology company’s stock worth $63,925,000 after purchasing an additional 812,634 shares during the last quarter. Marietta Investment Partners LLC increased its stake in shares of Pegasystems by 221.8% in the third quarter. Marietta Investment Partners LLC now owns 81,206 shares of the technology company’s stock valued at $4,669,000 after purchasing an additional 55,968 shares during the period. Finally, Crossmark Global Holdings Inc. increased its stake in shares of Pegasystems by 25.5% in the third quarter. Crossmark Global Holdings Inc. now owns 65,573 shares of the technology company’s stock valued at $3,770,000 after purchasing an additional 13,332 shares during the period. Institutional investors own 46.89% of the company’s stock.

Pegasystems Price Performance

Pegasystems stock opened at $44.69 on Wednesday. Pegasystems Inc. has a 12-month low of $29.84 and a 12-month high of $68.10. The stock has a market capitalization of $7.55 billion, a PE ratio of 20.93 and a beta of 1.06. The firm has a 50 day simple moving average of $48.20 and a 200-day simple moving average of $54.57.

Pegasystems (NASDAQ:PEGA) last announced its earnings results on Tuesday, February 10th. The technology company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. The firm had revenue of $504.32 million for the quarter, compared to analysts’ expectations of $494.60 million. Pegasystems had a return on equity of 38.86% and a net margin of 22.54%.The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 earnings per share. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. On average, analysts forecast that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Pegasystems Dividend Announcement

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

Insider Activity at Pegasystems

In other news, Chairman Alan Trefler sold 45,000 shares of the company’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $49.02, for a total value of $2,205,900.00. Following the completion of the sale, the chairman owned 44,394,454 shares in the company, valued at $2,176,216,135.08. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 50.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PEGA shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Pegasystems in a research report on Monday, December 29th. JPMorgan Chase & Co. raised their target price on Pegasystems from $65.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, December 5th. Citizens Jmp cut their target price on Pegasystems from $78.00 to $58.00 and set a “market outperform” rating on the stock in a research note on Thursday, February 12th. Rosenblatt Securities reiterated a “buy” rating and set a $62.00 price target on shares of Pegasystems in a research report on Thursday, February 12th. Finally, Wedbush decreased their price target on 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 given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.40.

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.