Pegasystems Inc. $PEGA Shares Purchased by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. boosted its position in shares of Pegasystems Inc. (NASDAQ:PEGA) by 175.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,338 shares of the technology company’s stock after purchasing an additional 12,320 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Pegasystems were worth $1,112,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. purchased a new position in shares of Pegasystems in the third quarter valued at $28,000. Hantz Financial Services Inc. boosted its position 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 worth $32,000 after buying an additional 431 shares in the last quarter. Mather Group LLC. acquired a new stake in Pegasystems in the 3rd quarter valued at about $33,000. MAI Capital Management grew its stake in Pegasystems by 124.5% in the 2nd quarter. MAI Capital Management now owns 696 shares of the technology company’s stock valued at $38,000 after acquiring an additional 386 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Pegasystems by 902.9% during the 3rd quarter. Blue Trust Inc. now owns 682 shares of the technology company’s stock valued at $39,000 after acquiring an additional 614 shares in the last quarter. Institutional investors and hedge funds own 46.89% of the company’s stock.

Pegasystems Price Performance

Pegasystems stock opened at $42.45 on Friday. The stock has a market capitalization of $7.18 billion, a P/E ratio of 19.88 and a beta of 1.06. Pegasystems Inc. has a 12-month low of $29.84 and a 12-month high of $68.10. The firm’s 50-day moving average is $47.26 and its two-hundred day moving average is $54.34.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $504.32 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.80 earnings per share. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. As a group, analysts forecast that Pegasystems Inc. will post 1.89 EPS for the current year.

Pegasystems Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PEGA. Zacks Research upgraded shares of Pegasystems from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Pegasystems in a research report on Monday, December 29th. Royal Bank Of Canada set a $65.00 price objective on shares of Pegasystems and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Wall Street Zen lowered Pegasystems from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, JPMorgan Chase & Co. increased their target price on Pegasystems from $65.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.60.

Insider Buying and Selling at Pegasystems

In other Pegasystems news, CFO Kenneth Stillwell sold 44,000 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $44.81, for a total transaction of $1,971,640.00. Following the transaction, the chief financial officer owned 109,123 shares of the company’s stock, valued at $4,889,801.63. This represents a 28.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Alan Trefler sold 45,000 shares of the firm’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 sale, the chairman owned 44,394,454 shares in the company, valued at $2,176,216,135.08. This trade represents a 0.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 134,000 shares of company stock valued at $6,793,390 over the last quarter. 49.70% of the stock is currently owned by insiders.

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.