Vestcor Inc Has $1.62 Million Stock Position in Pegasystems Inc. $PEGA

Vestcor Inc lowered its position in shares of Pegasystems Inc. (NASDAQ:PEGA) by 36.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,225 shares of the technology company’s stock after selling 16,008 shares during the quarter. Vestcor Inc’s holdings in Pegasystems were worth $1,623,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. bought a new stake in Pegasystems during the 3rd quarter worth about $28,000. 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 during the last quarter. Mather Group LLC. acquired a new stake in shares of Pegasystems during the 3rd quarter worth approximately $33,000. MAI Capital Management raised its stake in shares of Pegasystems by 124.5% during the second quarter. MAI Capital Management now owns 696 shares of the technology company’s stock worth $38,000 after buying an additional 386 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Pegasystems by 902.9% during the third quarter. Blue Trust Inc. now owns 682 shares of the technology company’s stock worth $39,000 after buying an additional 614 shares during the last quarter. Institutional investors own 46.89% of the company’s stock.

Insider Activity

In other news, Chairman Alan Trefler sold 45,000 shares of the firm’s stock in a transaction dated 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 sale, the chairman owned 44,394,454 shares of the company’s stock, valued at $2,176,216,135.08. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 49.70% of the stock is owned by company insiders.

Pegasystems Stock Performance

PEGA opened at $43.59 on Thursday. The firm’s fifty day moving average is $47.88 and its two-hundred day moving average is $54.49. The firm has a market cap of $7.37 billion, a PE ratio of 20.42 and a beta of 1.06. Pegasystems Inc. has a twelve month low of $29.84 and a twelve month high of $68.10.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $494.60 million. During the same quarter in the previous year, the business earned $0.80 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. 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 fiscal year.

Pegasystems Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PEGA. Wedbush reduced their price objective on shares of Pegasystems from $75.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, February 12th. Citizens Jmp cut their price target 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. KeyCorp set a $60.00 price target on Pegasystems in a research report on Thursday, February 5th. JPMorgan Chase & Co. upped their price objective on Pegasystems from $65.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, December 5th. Finally, Zacks Research raised Pegasystems from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $67.60.

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.