DA Davidson Has Positive View of Pegasystems FY2025 Earnings

Pegasystems Inc. (NASDAQ:PEGA - Free Report) - Stock analysts at DA Davidson boosted their FY2025 EPS estimates for shares of Pegasystems in a research report issued to clients and investors on Tuesday, June 3rd. DA Davidson analyst G. Luria now expects that the technology company will post earnings of $2.46 per share for the year, up from their previous forecast of $2.22. DA Davidson has a "Neutral" rating and a $95.00 price objective on the stock. The consensus estimate for Pegasystems' current full-year earnings is $1.89 per share.

Other research analysts also recently issued reports about the company. Royal Bank of Canada restated an "outperform" rating and set a $120.00 price objective on shares of Pegasystems in a report on Tuesday. Wedbush restated an "outperform" rating and set a $125.00 price target on shares of Pegasystems in a research note on Tuesday. Loop Capital restated a "buy" rating and issued a $105.00 price objective (up from $85.00) on shares of Pegasystems in a report on Thursday, April 24th. JMP Securities increased their target price on shares of Pegasystems from $110.00 to $125.00 and gave the stock a "market outperform" rating in a report on Tuesday. Finally, Wall Street Zen upgraded shares of Pegasystems from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $104.00.

Pegasystems Price Performance

Shares of NASDAQ:PEGA traded up $0.43 during trading on Wednesday, reaching $101.84. 800,665 shares of the company were exchanged, compared to its average volume of 761,338. The business's fifty day simple moving average is $85.00 and its 200-day simple moving average is $88.78. Pegasystems has a 12-month low of $55.90 and a 12-month high of $113.67. The firm has a market capitalization of $8.72 billion, a PE ratio of 100.83 and a beta of 1.14.

Pegasystems Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.015 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.06 dividend on an annualized basis and a yield of 0.06%. Pegasystems's dividend payout ratio is currently 5.83%.

Insider Activity

In related news, CAO Efstathios A. Kouninis sold 658 shares of the business's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $89.90, for a total transaction of $59,154.20. Following the completion of the transaction, the chief accounting officer now directly owns 1,000 shares in the company, valued at $89,900. The trade was a 39.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Alan Trefler sold 31,500 shares of Pegasystems stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $70.93, for a total value of $2,234,295.00. Following the transaction, the chairman now owns 17,247,614 shares of the company's stock, valued at $1,223,373,261.02. The trade was a 0.18% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 127,087 shares of company stock valued at $10,299,146. Company insiders own 49.70% of the company's stock.

Hedge Funds Weigh In On Pegasystems

Several institutional investors have recently made changes to their positions in the company. Principal Securities Inc. grew its position in Pegasystems by 150.5% during the fourth quarter. Principal Securities Inc. now owns 278 shares of the technology company's stock valued at $26,000 after buying an additional 167 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Pegasystems by 85.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company's stock worth $30,000 after acquiring an additional 149 shares in the last quarter. CX Institutional purchased a new position in shares of Pegasystems in the 1st quarter valued at about $36,000. SBI Securities Co. Ltd. raised its holdings in Pegasystems by 139.7% in the 1st quarter. SBI Securities Co. Ltd. now owns 549 shares of the technology company's stock worth $38,000 after purchasing an additional 320 shares during the period. Finally, GAMMA Investing LLC boosted its position in Pegasystems by 50.5% during the first quarter. GAMMA Investing LLC now owns 599 shares of the technology company's stock worth $42,000 after purchasing an additional 201 shares in the last quarter. 46.89% of the stock is owned by hedge funds and other institutional investors.

Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients' processes and workflows.