DA Davidson Forecasts Strong Price Appreciation for Pegasystems (NASDAQ:PEGA) Stock

Pegasystems (NASDAQ:PEGA - Free Report) had its price target upped by DA Davidson from $50.00 to $60.00 in a research note published on Thursday,Benzinga reports. They currently have a neutral rating on the technology company's stock. DA Davidson also issued estimates for Pegasystems' Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.03 EPS, FY2025 earnings at $1.42 EPS, FY2025 earnings at $1.34 EPS, FY2026 earnings at $1.20 EPS and FY2026 earnings at $1.38 EPS.

A number of other research firms have also recently weighed in on PEGA. Citigroup reaffirmed a "buy" rating and set a $66.00 price objective on shares of Pegasystems in a research report on Wednesday, June 25th. JMP Securities raised their price objective on Pegasystems from $55.00 to $62.50 and gave the stock a "market outperform" rating in a report on Tuesday, June 3rd. Wedbush lifted their target price on Pegasystems from $68.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday. Loop Capital boosted their price objective on Pegasystems from $52.50 to $60.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. Finally, Rosenblatt Securities lifted their target price on Pegasystems from $56.00 to $59.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, Pegasystems has an average rating of "Moderate Buy" and an average target price of $59.80.

Pegasystems Stock Up 1.9%

NASDAQ:PEGA traded up $1.12 on Thursday, reaching $59.95. The company's stock had a trading volume of 1,952,518 shares, compared to its average volume of 2,038,448. The firm has a market cap of $10.26 billion, a price-to-earnings ratio of 51.46 and a beta of 1.13. Pegasystems has a 12-month low of $29.84 and a 12-month high of $60.26. The stock has a 50 day moving average price of $51.29 and a 200 day moving average price of $45.65.

Pegasystems (NASDAQ:PEGA - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.04. Pegasystems had a return on equity of 42.42% and a net margin of 13.14%. The company had revenue of $384.51 million for the quarter, compared to the consensus estimate of $345.07 million. During the same quarter in the prior year, the business earned $0.26 EPS. Pegasystems's revenue was up 9.5% on a year-over-year basis. Equities research analysts expect that Pegasystems will post 1.89 EPS for the current fiscal year.

Pegasystems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were paid a $0.03 dividend. This is a positive change from Pegasystems's previous quarterly dividend of $0.02. This represents a $0.12 annualized dividend and a yield of 0.20%. The ex-dividend date was Tuesday, July 1st. Pegasystems's payout ratio is presently 10.34%.

Insider Transactions at Pegasystems

In other news, CAO Efstathios A. Kouninis sold 1,196 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $51.50, for a total transaction of $61,594.00. Following the transaction, the chief accounting officer directly owned 332 shares in the company, valued at $17,098. The trade was a 78.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Efstathios A. Kouninis sold 1,000 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $49.63, for a total transaction of $49,625.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 241,588 shares of company stock worth $13,769,343. 50.10% of the stock is owned by insiders.

Institutional Trading of Pegasystems

Hedge funds and other institutional investors have recently modified their holdings of the stock. Allianz Asset Management GmbH raised its position in shares of Pegasystems by 60.3% in the 2nd quarter. Allianz Asset Management GmbH now owns 240,225 shares of the technology company's stock valued at $13,003,000 after buying an additional 90,404 shares in the last quarter. New York State Teachers Retirement System increased its position in Pegasystems by 961.0% in the 2nd quarter. New York State Teachers Retirement System now owns 43,490 shares of the technology company's stock valued at $2,354,000 after acquiring an additional 39,391 shares during the period. Bayforest Capital Ltd boosted its stake in shares of Pegasystems by 244.0% in the 2nd quarter. Bayforest Capital Ltd now owns 12,345 shares of the technology company's stock valued at $668,000 after purchasing an additional 8,756 shares during the last quarter. Yousif Capital Management LLC bought a new stake in shares of Pegasystems in the 2nd quarter valued at $1,623,000. Finally, CWM LLC boosted its stake in Pegasystems by 182.0% during the second quarter. CWM LLC now owns 132,441 shares of the technology company's stock worth $7,169,000 after acquiring an additional 85,484 shares in the last quarter. Institutional investors own 46.89% of the company's stock.

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.