Massachusetts Financial Services Co. MA Sells 59,145 Shares of Pegasystems Inc. $PEGA

Key Points

• Massachusetts Financial Services trimmed its Pegasystems stake by 1.2%, selling 59,145 shares and now holds 4,928,146 shares (about 2.90%) valued at roughly $294.3 million.
• Significant trading activity: insiders sold 97,594 shares (~$4.55M) in the last three months, including Rifat Kerim Akgonul and CAO Efstathios Kouninis, while reported institutional ownership is ~46.9% and insider ownership ~49.7%.
• Analyst outlook is a "Moderate Buy" (1 Strong Buy, 9 Buy, 2 Hold) with a consensus price target of $67.60, yet the stock trades around $39.37 after a quarter that modestly beat revenue and EPS estimates.

Massachusetts Financial Services Co. MA lessened its stake in Pegasystems Inc. (NASDAQ:PEGA - Free Report) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,928,146 shares of the technology company's stock after selling 59,145 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 2.90% of Pegasystems worth $294,309,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of PEGA. NewEdge Advisors LLC grew its stake in Pegasystems by 141,900.0% in the 1st quarter. NewEdge Advisors LLC now owns 4,260 shares of the technology company's stock valued at $296,000 after buying an additional 4,257 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Pegasystems by 450.4% in the 1st quarter. Jones Financial Companies Lllp now owns 1,844 shares of the technology company's stock valued at $128,000 after buying an additional 1,509 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Pegasystems by 5.6% in the 1st 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Pegasystems by 18.0% in the 1st 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 grew its stake in Pegasystems by 55.0% in the 1st quarter. Focus Partners Wealth now owns 5,476 shares of the technology company's stock valued at $381,000 after buying an additional 1,943 shares in the last quarter. 46.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on PEGA shares. Wall Street Zen lowered shares of Pegasystems from a "strong-buy" rating to a "hold" rating in a research report on Saturday, February 14th. Royal Bank Of Canada set a $65.00 target price on shares of Pegasystems and gave the stock an "outperform" rating in a research report on Thursday, February 12th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Pegasystems in a research report on Friday, March 27th. Citigroup upped their target price on shares of Pegasystems from $73.00 to $75.00 and gave the stock a "buy" rating in a research report on Wednesday, March 11th. Finally, Wedbush cut their target price on shares of Pegasystems from $75.00 to $60.00 and set an "outperform" rating for the company in a research report on Thursday, February 12th. One equities research 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 an average rating of "Moderate Buy" and a consensus price target of $67.60.

Pegasystems Stock Down 1.3%

Pegasystems stock opened at $39.37 on Friday. The company has a market capitalization of $6.66 billion, a PE ratio of 18.44 and a beta of 1.09. The firm has a fifty day simple moving average of $42.83 and a two-hundred day simple moving average of $52.31. Pegasystems Inc. has a twelve month low of $32.94 and a twelve month high of $68.10.

Pegasystems (NASDAQ:PEGA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. The business had revenue of $504.32 million during 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 firm's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.80 earnings per share. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. As a group, equities analysts expect 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 will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, April 1st. Pegasystems's dividend payout ratio is 5.63%.

Insider Activity

In other news, insider Rifat Kerim Akgonul sold 7,594 shares of the company's stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $43.39, for a total transaction of $329,503.66. Following the completion of the transaction, the insider directly owned 111,429 shares of the company's stock, valued at approximately $4,834,904.31. This represents a 6.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Efstathios A. Kouninis sold 1,000 shares of the company's stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $42.88, for a total transaction of $42,880.00. Following the transaction, the chief accounting officer directly owned 3,365 shares of the company's stock, valued at approximately $144,291.20. This trade represents a 22.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 97,594 shares of company stock valued at $4,549,924. 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.

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