Pegasystems (NASDAQ:PEGA) Stock Price Expected to Rise, DA Davidson Analyst Says

Pegasystems (NASDAQ:PEGA - Get Free Report) had its price objective lifted by equities research analysts at DA Davidson from $50.00 to $60.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the technology company's stock. DA Davidson's price target would indicate a potential upside of 3.34% from the company's previous close. DA Davidson also issued estimates for Pegasystems' Q2 2025 earnings at $0.05 EPS, FY2025 earnings at $1.34 EPS and FY2026 earnings at $1.20 EPS.

PEGA has been the topic of several other research reports. JMP Securities increased their target price on Pegasystems from $55.00 to $62.50 and gave the stock a "market outperform" rating in a report on Tuesday, June 3rd. Loop Capital raised their price target on Pegasystems from $52.50 to $60.00 and gave the company a "buy" rating in a report on Monday, June 30th. Wall Street Zen upgraded Pegasystems from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. KeyCorp lowered their price objective on Pegasystems from $59.00 to $47.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Rosenblatt Securities lifted their price objective on Pegasystems from $56.00 to $59.00 and gave the stock a "buy" rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $57.00.

Pegasystems Price Performance

PEGA traded up $0.05 on Thursday, hitting $58.06. The company had a trading volume of 1,825,873 shares, compared to its average volume of 2,025,849. The company's fifty day moving average price is $50.93 and its 200 day moving average price is $45.52. Pegasystems has a 1-year low of $29.84 and a 1-year high of $59.85. The stock has a market cap of $9.94 billion, a price-to-earnings ratio of 49.85 and a beta of 1.13.

Pegasystems (NASDAQ:PEGA - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.04. Pegasystems had a return on equity of 43.72% and a net margin of 13.14%. The firm had revenue of $384.51 million for the quarter, compared to analysts' expectations of $345.07 million. During the same period in the prior year, the business posted $0.26 earnings per share. The business's revenue was up 9.5% compared to the same quarter last year. On average, sell-side analysts forecast that Pegasystems will post 1.89 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Kenneth Stillwell sold 35,426 shares of Pegasystems stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $44.68, for a total value of $1,582,833.68. Following the sale, the chief financial officer owned 42,990 shares of the company's stock, valued at approximately $1,920,793.20. This trade represents a 45.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Alan Trefler sold 63,000 shares of Pegasystems stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $50.52, for a total value of $3,182,760.00. Following the completion of the sale, the chairman directly owned 34,118,784 shares in the company, valued at approximately $1,723,680,967.68. This represents a 0.18% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 279,214 shares of company stock worth $15,452,882. Company insiders own 49.70% of the company's stock.

Hedge Funds Weigh In On Pegasystems

Several hedge funds have recently modified their holdings of the stock. Treasurer of the State of North Carolina grew its holdings in shares of Pegasystems by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 19,597 shares of the technology company's stock valued at $1,826,000 after acquiring an additional 120 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Pegasystems by 2.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,875 shares of the technology company's stock worth $548,000 after purchasing an additional 139 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of Pegasystems by 5.3% in the 1st quarter. Amalgamated Bank now owns 3,060 shares of the technology company's stock valued at $213,000 after buying an additional 153 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Pegasystems by 50.5% in the first quarter. GAMMA Investing LLC now owns 599 shares of the technology company's stock valued at $42,000 after buying an additional 201 shares in the last quarter. Finally, Focus Partners Wealth grew its stake in shares of Pegasystems by 9.1% in the fourth quarter. Focus Partners Wealth now owns 3,533 shares of the technology company's stock valued at $329,000 after buying an additional 294 shares in the last quarter. Institutional investors own 46.89% of the company's stock.

About Pegasystems

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.

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