First Trust Advisors LP Boosts Stake in Pegasystems Inc. $PEGA

First Trust Advisors LP grew its position in shares of Pegasystems Inc. (NASDAQ:PEGA) by 271.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,111,736 shares of the technology company’s stock after buying an additional 812,634 shares during the quarter. First Trust Advisors LP owned 0.66% of Pegasystems worth $63,925,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Hazlett Burt & Watson Inc. purchased a new stake in shares of Pegasystems during the third quarter valued at approximately $28,000. Hantz Financial Services Inc. boosted its position in Pegasystems by 321.6% in the third quarter. Hantz Financial Services Inc. now owns 565 shares of the technology company’s stock worth $32,000 after purchasing an additional 431 shares during the last quarter. Mather Group LLC. bought a new position in Pegasystems in the 3rd quarter valued at $33,000. Blue Trust Inc. grew its stake in Pegasystems by 902.9% in the 3rd quarter. Blue Trust Inc. now owns 682 shares of the technology company’s stock valued at $39,000 after purchasing an additional 614 shares during the period. Finally, MAI Capital Management increased its position in shares of Pegasystems by 124.5% during the 2nd quarter. MAI Capital Management now owns 696 shares of the technology company’s stock valued at $38,000 after purchasing an additional 386 shares during the last quarter. 46.89% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Wall Street Zen cut Pegasystems from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 14th. KeyCorp set a $60.00 price target on shares of Pegasystems in a research report on Thursday, February 5th. Royal Bank Of Canada set a $65.00 price objective on shares of Pegasystems and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Citizens Jmp dropped their target price on shares of Pegasystems from $78.00 to $58.00 and set a “market outperform” rating on the stock in a research note on Thursday, February 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of Pegasystems from $65.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, December 5th. One equities 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.40.

Insider Buying and Selling

In related news, Chairman Alan Trefler sold 45,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $49.02, for a total value of $2,205,900.00. Following the completion of the transaction, the chairman directly owned 44,394,454 shares of the company’s stock, valued at approximately $2,176,216,135.08. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 50.10% of the company’s stock.

Pegasystems Stock Performance

Shares of PEGA opened at $44.69 on Wednesday. Pegasystems Inc. has a fifty-two week low of $29.84 and a fifty-two week high of $68.10. The business has a 50-day moving average of $48.20 and a 200 day moving average of $54.57. The firm has a market cap of $7.55 billion, a P/E ratio of 20.93 and a beta of 1.06.

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

Pegasystems Dividend Announcement

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