FY2025 EPS Estimates for Pegasystems Raised by DA Davidson

Pegasystems Inc. (NASDAQ:PEGA - Free Report) - Research analysts at DA Davidson raised their FY2025 earnings estimates for Pegasystems in a research note issued to investors on Thursday, April 24th. DA Davidson analyst G. Luria now forecasts that the technology company will post earnings per share of $2.22 for the year, up from their prior forecast of $2.07. DA Davidson has a "Neutral" rating and a $90.00 price objective on the stock. The consensus estimate for Pegasystems' current full-year earnings is $1.89 per share.

Pegasystems (NASDAQ:PEGA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.47 by ($0.20). Pegasystems had a return on equity of 32.09% and a net margin of 6.63%.

PEGA has been the topic of a number of other reports. Citigroup lowered their price target on Pegasystems from $119.00 to $107.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. KeyCorp decreased their price objective on Pegasystems from $118.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. JMP Securities reiterated a "market outperform" rating and set a $110.00 price target on shares of Pegasystems in a research report on Thursday, February 13th. Rosenblatt Securities lowered their price objective on shares of Pegasystems from $115.00 to $95.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, StockNews.com raised shares of Pegasystems from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $100.27.

Pegasystems Trading Up 1.4 %

Shares of PEGA stock traded up $1.27 during trading hours on Monday, reaching $93.36. The stock had a trading volume of 68,917 shares, compared to its average volume of 692,040. The stock's fifty day simple moving average is $74.16 and its 200 day simple moving average is $86.10. Pegasystems has a 12 month low of $55.71 and a 12 month high of $113.67. The firm has a market capitalization of $7.99 billion, a PE ratio of 92.30 and a beta of 1.22.

Hedge Funds Weigh In On Pegasystems

Several institutional investors and hedge funds have recently added to or reduced their stakes in PEGA. Sanctuary Advisors LLC boosted its stake in Pegasystems by 4.9% during the fourth quarter. Sanctuary Advisors LLC now owns 4,667 shares of the technology company's stock worth $435,000 after acquiring an additional 219 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of Pegasystems by 48.0% in the 4th quarter. Global Retirement Partners LLC now owns 789 shares of the technology company's stock worth $74,000 after purchasing an additional 256 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Pegasystems by 9.7% in the 4th quarter. Principal Financial Group Inc. now owns 3,993 shares of the technology company's stock worth $372,000 after buying an additional 354 shares during the last quarter. Kestra Investment Management LLC increased its position in Pegasystems by 32.8% during the 4th quarter. Kestra Investment Management LLC now owns 16,230 shares of the technology company's stock valued at $1,513,000 after buying an additional 4,011 shares in the last quarter. Finally, Swiss National Bank raised its stake in Pegasystems by 1.2% during the fourth quarter. Swiss National Bank now owns 84,000 shares of the technology company's stock valued at $7,829,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 46.89% of the company's stock.

Insider Activity at Pegasystems

In other news, CFO Kenneth Stillwell sold 2,000 shares of Pegasystems stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $105.63, for a total transaction of $211,260.00. Following the sale, the chief financial officer now owns 14,466 shares of the company's stock, valued at approximately $1,528,043.58. The trade was a 12.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Larry Weber sold 1,100 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $91.55, for a total transaction of $100,705.00. Following the completion of the sale, the director now owns 6,547 shares of the company's stock, valued at $599,377.85. This trade represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,762 shares of company stock worth $10,386,802 in the last 90 days. Company insiders own 50.10% of the company's stock.

Pegasystems Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were issued 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 dividend yield of 0.06%. Pegasystems's dividend payout ratio is currently 5.83%.

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.