Bank of New York Mellon Corp Invests $19.38 Million in Pegasystems Inc. $PEGA

Bank of New York Mellon Corp bought a new stake in shares of Pegasystems Inc. (NASDAQ:PEGA - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 646,700 shares of the technology company's stock, valued at approximately $19,382,000. Bank of New York Mellon Corp owned 0.39% of Pegasystems at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its position in Pegasystems by 141,900.0% during the first quarter. NewEdge Advisors LLC now owns 4,260 shares of the technology company's stock valued at $296,000 after acquiring an additional 4,257 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Pegasystems by 450.4% during the first quarter. Jones Financial Companies Lllp now owns 1,844 shares of the technology company's stock worth $128,000 after buying an additional 1,509 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Pegasystems by 5.6% during the first quarter. Goldman Sachs Group Inc. now owns 248,168 shares of the technology company's stock valued at $17,253,000 after buying an additional 13,075 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Pegasystems by 18.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 155,783 shares of the technology company's stock valued at $10,830,000 after buying an additional 23,713 shares in the last quarter. Finally, Focus Partners Wealth raised its position in shares of Pegasystems by 55.0% in the first quarter. Focus Partners Wealth now owns 5,476 shares of the technology company's stock worth $381,000 after acquiring an additional 1,943 shares during the period. 46.89% of the stock is currently owned by institutional investors and hedge funds.

Pegasystems Stock Performance

NASDAQ PEGA opened at $36.17 on Monday. The business has a fifty day moving average price of $31.46 and a 200 day moving average price of $36.49. Pegasystems Inc. has a one year low of $25.10 and a one year high of $68.10. The company has a market cap of $5.95 billion, a P/E ratio of 20.44 and a beta of 0.87.

Pegasystems (NASDAQ:PEGA - Get Free Report) last announced its earnings results on Tuesday, July 21st. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.08). Pegasystems had a return on equity of 32.21% and a net margin of 18.66%.The business had revenue of $420.72 million for the quarter, compared to analyst estimates of $427.38 million. During the same period last year, the firm earned $0.28 EPS. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, sell-side analysts predict that Pegasystems Inc. will post 1.71 EPS for the current fiscal year.

Pegasystems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, July 1st. Pegasystems's dividend payout ratio (DPR) is currently 6.78%.

Wall Street Analysts Forecast Growth

PEGA has been the topic of a number of analyst reports. Citigroup cut Pegasystems from a "market outperform" rating to a "market perform" rating in a research report on Wednesday, July 22nd. William Blair downgraded Pegasystems from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 22nd. Weiss Ratings lowered Pegasystems from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, June 4th. DA Davidson set a $32.00 price objective on Pegasystems and gave the company a "buy" rating in a report on Friday, July 24th. Finally, Barclays restated an "overweight" rating and issued a $39.00 price objective (down from $48.00) on shares of Pegasystems in a research report on Thursday, July 23rd. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $50.10.

More Pegasystems News

Here are the key news stories impacting Pegasystems this week:

• Positive Sentiment: Expanded Coforge partnership: Coforge can now brand, sell and implement Pegasystems’ AI solutions, including industry-focused applications for enterprise modernization. The arrangement could broaden Pega’s distribution, accelerate adoption of its automation platform and create additional long-term revenue opportunities. Coforge expands partnership with Pega
• Positive Sentiment: AI positioning is attracting buyers: Coverage highlights Pegasystems as a potential beneficiary of enterprises becoming more selective about AI deployment. Pega’s workflow automation, low-code development and governance capabilities may appeal to companies seeking practical, controlled enterprise AI rather than experimental tools. The stock also benefited from a broader software-sector rally following Salesforce’s strong results, particularly among beaten-down agentic-AI names. Could Pegasystems Stock Win as Enterprises Rethink AI Deployment?
• Neutral Sentiment: Insider transaction was limited: Chief Product Officer Rifat Kerim Akgonul sold 3,000 shares for approximately $101,970, reducing his holdings by about 2.7%. The sale may prompt caution, but he continues to own more than 108,000 shares, limiting the significance of the transaction by itself. Pegasystems Insider Sells Stock
• Negative Sentiment: Analyst downgrade and legal investigation: Zacks Research downgraded PEGA from “hold” to “strong sell.” Separately, Pomerantz LLP announced an investigation into potential claims on behalf of investors, creating a possible legal overhang and additional volatility. Pomerantz Investor Alert

Insiders Place Their Bets

In other Pegasystems news, insider Rifat Kerim Akgonul sold 3,000 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $33.99, for a total value of $101,970.00. Following the completion of the sale, the insider owned 108,049 shares in the company, valued at approximately $3,672,585.51. This represents a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 48.40% of the company's stock.

Pegasystems Company 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.

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